Altisource reported second quarter 2026 results showing Service revenue of $48.7 million, a 19% increase versus Q2 2025, with an adjusted diluted earnings per share of $0.17. The company recorded income from operations of $1.1 million and an Adjusted EBITDA of $4.4 million for the quarter. Altisource ended June 30, 2026 with $23.2 million in cash and cash equivalents and continues efforts to reduce debt and deploy efficiency initiatives.
Financial Highlights
- Service revenue: $48.7 million in Q2 2026, up 19% versus Q2 2025.
- Total revenue: $50.7 million in Q2 2026 (includes reimbursables).
- Gross profit: $12.82 million for Q2 2026 (gross margin on service revenue disclosed as 26%).
- Income from operations: $1.13 million for Q2 2026.
- Adjusted diluted earnings per share: $0.17 for Q2 2026; Diluted loss per share: $(0.05).
- Adjusted EBITDA: $4.4 million for Q2 2026; Adjusted EBITDA margin on service revenue: 9%.
Business Highlights
- Service revenue growth was driven by customer wins that more than replaced a portion of prior Rithm-related business.
- Generated estimated potential annualized stabilized service revenue from sales wins of $5.2 million for the Servicer and Real Estate segment and $7.1 million for the Origination segment.
- Hubzu marketplace inventory expanded: total Hubzu inventory grew to 22.3k (thousands) by June 30, 2026, a 30% increase since Q1 2026; foreclosure auction inventory rose to 19.3k.
- Company continues deployment of AI and efficiency initiatives intended to accelerate product development and improve EBITDA margins.
- Ended the quarter with an estimated weighted average sales pipeline between $25.1 million and $31.3 million of potential annual revenue on a stabilized basis (split across segments).
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.