Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Q3 2026 Earnings Presentation
34 slides from Altisource Portfolio Solutions's earnings presentation, Oct 29, 2026
Slide 1: Altisource Portfolio Solutions Third Quarter 2026 Supplementary Information
ALTISOURCE PORTFOLIO SOLUTIONS THIRD QUARTER 2026 SUPPLEMENTARY INFORMATION © 2026 Altisource All Rights Reserved.
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that involve a number of risks and thereto or change in events, conditions or circumstances on which any such statement is uncertainties. These forward-looking statements include all statements that are not based. The risks and uncerta
Slide 3: Non-GAAP Measures
NON-GAAP MEASURES Adjusted operating income, pretax (loss) income attributable to Altisource, adjusted Furthermore, we believe the exclusion of more significant non-operational items enables pretax income attributable to Altisource, adjusted net income attributable to Altisource, comparability to pr
Slide 4: Third Quarter 2026 Highlights
THIRD QUARTER 2026 HIGHLIGHTS • Third quarter Service revenue and Adjusted EBITDA1 increased year-over-year • Recent customer wins continued to ramp • AI and other efficiency initiatives began accelerating product development speed and are anticipated to drive scalability and operating leverage over
Slide 5: Total Company Financial Performance
TOTA L C O M PA N Y F I N A N C I A L P E R F O R M A N C E Service Revenue Business Segments1 Adjusted EBITDA2 Q3 2026 Highlights (vs. Q3 2025) $48.7 $49.8 $45.1 • Third quarter Service revenue of $49.8 $39.7 $39.9 million increased 26% over Q3 2025 and $34.4 $35.8 represents the highest quarterly
Slide 6: Total Company Financial Performance
TOTA L C O M PA N Y F I N A N C I A L P E R F O R M A N C E (Loss) Income Before Income Taxes and Adjusted Pretax Income Attributable to ASPS1 Earnings and Cash Activity Non-Controlling Interests $0.4 • GAAP pretax loss in Q3 2026 was $1.0 million compared to a pretax loss of $1.7 million in ($0.0)
Slide 7: Servicer and Real Estate Segment
S E R V I C E R A N D R E A L E S TAT E S E G M E N T Segment Service Revenue Segment Financial Performance (vs. Q3 2025) • Service revenue of $35.8 million increased 15% compared to Q3 2025 and 4% compared to Q2 2026 $31.2 $30.1 $31.4 $34.4 $35.8 • Growth was driven primarily by customer wins and s
Slide 8: Servicer and Real Estate - Sales Pipeline and Wins
S E R V I C E R A N D R E A L E S TAT E – S A L E S P I P E L I N E A N D W I N S Attractive Sales $29.4 $12.8 Pipeline1,2 $8.2 $19.3 Probability Weighted Average $11.7 Pipeline Estimated Revenue – End of Quarter Q4'24 Q4'25 Q1'26 Q2'26 Q3'26 Strong Sales Wins3 Cumulative $25.8 $20.6 $5.2 Wins: $66.
Slide 9: Growing Hubzu Inventory
G R O W I N G H U B Z U I N V E N TO R Y Ending Inventory (in thousands) Hubzu Inventory Growth from Sales Wins 26.0 • Hubzu inventory within Marketplace more than 22.3 quadrupled over the past year, reaching 26,000 assets as of September 30, 2026 compared with 5,700 a year earlier 17.2 − Inventory
Slide 10: Origination Segment
O R I G I N AT I O N S E G M E N T Segment Service Revenue Segment Financial Performance (vs. Q3 2025) • Delivered strong sales growth despite a difficult origination market with origination $14.3 unit volume down by 6%2 compared to Q3 $13.7 $14.0 2025 $9.8 $8.5 • Service revenue of $14.0 million wa
Slide 11: Origination - Sales Pipeline and Wins
O R I G I N AT I O N – S A L E S P I P E L I N E A N D W I N S Attractive Sales Pipeline1,2 $17.2 $20.0 $18.5 $13.2 $14.9 Probability Weighted Average Pipeline Estimated Revenue – End of Quarter Q4'24 Q4'25 Q1'26 Q2'26 Q3'26 Strong Sales Wins3 Cumulative $20.9 $4.7 $7.1 $6.3 Wins: $51.6 Estimated An
Slide 12: Customer Diversification
C U S TO M E R D I V E R S I F I C AT I O N Customer Diversification 60.0 Service Revenue by Customer Category 90% • We are executing against our plan to grow (and % of total Company Service revenue) revenue, reduce our dependence on Onity 80% and Rithm, and build a more resilient $48.7 $49.8 50.0 $
Slide 13: AI and Automation Strategy
A I A N D A U TO M AT I O N S T R AT E G Y Focused on three measurable outcomes: Increasing Operating Accelerating Software Strengthening our Product Efficiency Development Offering Expanded AI-enabled operational Used AI to shorten development cycles Continued building new AI- workflows across: acr
Slide 14: Corporate and Others Segment
C O R P O R AT E A N D OT H E R S S E G M E N T Corporate Financial Performance (vs. Q3 2025) Corporate and Others Adjusted EBITDA1 Loss • Q3 2026 Corporate Adjusted EBITDA1 loss was $7.1 million, reflecting a $0.2 million reduction in costs compared with Q3 2025 and a $0.8 million decrease compared
Slide 15: Business Environment
BUSINESS ENVIRONMENT Delinquency and Foreclosure Environment1 Origination Market Environment2 • As of August 2026, 90+ day delinquent mortgages, including loans in • Q3 2026 industrywide mortgage origination unit volume foreclosure, totaled 872,000 decreased 6% compared to Q3 2025 − This represents
Slide 16: Conclusion
CONCLUSION • Third quarter results provide further evidence that Altisource’s strategy is working − Customer wins should continue to drive strong revenue growth − Revenue base is more diversified from Onity and Rithm − AI, automation and operating efficiency initiatives should build a more scalable
Slide 17: Appendix
APPENDIX
Slide 18: Third Quarter Financial Results
T H I R D Q U A R T E R 2 0 2 6 F I N A N C I A L R E S U LT S $ millions (except per share data) Q3 2025 Q3 2026 Vs. Q3 2025 YTD 2025 YTD 2026 Vs. YTD 2025 Service revenue $ 39.7 $ 49.8 26% $ 121.3 $ 143.7 18% Revenue 41.9 51.9 24% 128.6 150.2 17% Gross profit 11.3 12.1 7% 37.7 38.1 1% Income from
Slide 19: Operating Metrics
O P E R AT I N G M E T R I C S Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Default Related Services Onity Serviced Forward Loan Portfolio1: Service revenue2 per delinquent loan3 per quarter Non-GSE and Non-FHA $ 275 $ 262 $ 316 $ 331 $ 328 $ 308 $ 380 $ 426 $ 381 $
Slide 20: Operating Metrics
O P E R AT I N G M E T R I C S Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Hubzu: Service revenue (in millions)1 $ 7.1 $ 5.8 $ 7.1 $ 7.3 $ 6.4 $ 6.0 $ 6.6 $ 6.4 $ 5.7 $ 5.6 $ 6.6 $ 7.5 $ 7.3 Number of homes transacted on Hubzu: Onity serviced portfolios 2 556 443 49
Slide 21: Hubzu Inventory
H U B Z U I N V E N TO R Y Ending Inventory (in thousands) 26.0 22.3 17.2 22.6 18.9 10.4 13.4 3.6 7.3 6.3 6.2 6.0 6.5 6.2 5.7 5.7 5.0 3.7 2.2 2.7 2.2 2.4 2.4 2.4 2.4 6.8 2.4 4.1 3.6 3.5 3.7 4.1 3.8 3.3 3.6 3.7 3.4 3.4 2.6 Q4'19 Q4'20 Q4'21 Q4'22 Q4'23 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26
Slide 22: Industrywide Foreclosure Starts
I N D U S T R Y W I D E F O R E C L O S U R E S TA R T S Foreclosure Starts and Timing Foreclosure Shaded area represents period of borrower relief 90+ DQ • In response to the COVID-19 pandemic, borrowers Starts measures rate were provided various relief measures, including 180,000 5.00% foreclosure
Slide 23: Industrywide Foreclosure Sales
INDUSTRYWIDE FORECLOSURE SALES Foreclosures that Convert to Foreclosure Sales Foreclosure Shaded area represents period of borrower relief % • Foreclosure sales are increasing, but remain Sales measures significantly lower than pre-pandemic levels 50,000 16.0% − 2025 Foreclosure sales were 45% lower
Slide 24: Non-GAAP Measures
NON-GAAP MEASURES Adjusted operating income, pretax (loss) income attributable to Altisource, adjusted pretax income attributable to Altisource, adjusted net income attributable to Altisource, adjusted diluted earnings per share, EBITDA, Adjusted EBITDA and Segment Adjusted EBITDA are non-GAAP measu
Slide 25: Non-GAAP Measures
NON-GAAP MEASURES • Adjusted diluted earnings per share is calculated by dividing net (loss) income attributable to Altisource after removing intangible asset amortization expense (net of tax), share-based compensation expense (net of tax), cost of cost savings initiatives and other (net of tax), li
Slide 26: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Income (loss) from operations $ 0.5 $ (6.6) $ 1.7 $ 1.1 $ 0.8 $ 7.0 $ 3.6 Intangible asset amortization expense 1.3 1.4 1.4 1.4 1.4 3.8 4.2 Share-based compensation expens
Slide 27: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Net (loss) income attributable to Altisource $ (2.4) $ (7.2) $ (0.6) $ (0.6) $ (1.4) $ 8.8 $ (2.6) Intangible asset amortization expense, net of tax 1.3 1.3 1.4 1.4 1.3 3.
Slide 28: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Calculation of the per share impact of intangible asset amortization expense, net of tax Intangible asset amortization expense $ 1.3 $ 1.4 $ 3.8 $ 4.2 Tax benefit from intangible asset amortizati
Slide 29: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Calculation of the per share impact of Litigation matter, net of tax Litigation matter $ - $ - $ - $ (0.7) Tax provision from Litigation matter - 0.0 - 0.2 Litigation matter, net of tax - 0.0 - (
Slide 30: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Net (loss) income attributable to Altisource $ (2.4) $ (7.2) $ (0.6) $ (0.6) $ (1.4) $ 8.8 $ (2.6) Income tax provision (benefit) 0.7 (1.0) 0.9 0.5 0.4 (15.1) 1.8 Interest
Slide 31: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Servicer and Real Estate: Income before income taxes and non-controlling interests $ 9.0 $ 2.1 $ 9.8 $ 11.5 $ 9.2 $ 31.2 $ 30.5 Interest expense, net of interest income1 0
Slide 32: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q3 2025 hn Q4 2025 hn Q1 2026 Q2 2026 Q3 2026 YTD 2025 YTD 2026 ($ in millions except per share data) Corporate and Others: Loss before income taxes and non-controlling interests $ (10.3) $ (10.2) $ (10.1) $ (11.3) $ (10.3) $ (37.3) $ (31.8) Interest expense, net of
Slide 33: Investor Relations Information
I N V E S TO R R E L AT I O N S I N F O R M AT I O N Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of ABOUT ALTISOURCE innovative services and technologies, Altisource h
Slide 34: Altisource
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