Filing Flows › Altisource Portfolio Solutions S.A. (ASPS) › Q1 2026
Altisource Portfolio Solutions S.A. (ASPS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Altisource Portfolio Solutions S.A. (ASPS) reported revenue of $47.6M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +12% from the quarter before. Operating margin was 3.6%, net loss $531K (1.1% of revenue).
Altisource Portfolio Solutions S.A., Q1 2026: revenue $47.6M (+10% year over year), operating margin 3.6%, net loss $531K, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.6M | +12% | +10% |
| Operating profit | $1.7M | — | -47% |
| Net earnings | −$531K | — | — |
| Operating cash flow | $4.5M | — | — |
| Free cash flow | $4.3M | — | — |
What changed
Revenue was $47.6M in Q1 2026, up 10% year over year and up 12% from the previous quarter. Service revenue was the largest line at 95% of revenue. Service revenue added $4.2M year over year (up 10%), 101% of the total change. Reimbursable expenses declined 3%.
Gross margin was 27.6%, down 3.1 points from Q1 2025. Operating profit was $1.7M, a 3.6% margin (down 3.8 points year over year). Operating profit fell $1.5M even though revenue rose $4.1M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 10%. The quarter ended with a net loss of $531K, narrower than the previous quarter's $7.1M loss. Net interest and other expense of $1.4M was the main reason.
Operating cash flow was $4.5M. Non-cash charges added back $1.5M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $138K left free cash flow of $4.3M.
Questions
What was Altisource Portfolio Solutions S.A.'s revenue in the first quarter 2026?
Altisource Portfolio Solutions S.A.
Was Altisource Portfolio Solutions S.A. profitable in the first quarter 2026?
Operating profit was $1.7M (3.6% of revenue) and net loss $531K.
Source: Altisource Portfolio Solutions S.A. 10-Q on SEC EDGAR.