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How Altisource Portfolio Solutions S.A. (ASPS) makes money

Altisource Portfolio Solutions S.A. (ASPS) made $51.9M of revenue in the third quarter 2026 (Q3 2026), +24% from a year earlier. Service revenue brought in $49.8M (96%); Reimbursable expenses brought in $2.1M (4%).

Drawing the Sankey…

Altisource Portfolio Solutions S.A. revenue by segment, Q3 2026Altisource Portfolio Solutions S.A. revenue by segment, Q3 2026Service revenue$49.8MReimbursable expenses$2.1M
Altisource Portfolio Solutions S.A.: revenue by line, Q1 2025 to Q3 2026Altisource Portfolio Solutions S.A.: revenue by line, Q1 2025 to Q3 2026Service revenueReimbursable expensesNon-controlling inter…Service revenue: $49.8M latest$49.8MReimbursable expenses: $2.1M latestNon-controlling interests: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Altisource Portfolio Solutions S.A. revenue by quarterAltisource Portfolio Solutions S.A. revenue by quarter$43.4MQ1 2025$43.3MQ2 2025$41.9MQ3 2025$42.3MQ4 2025$47.6MQ1 2026$50.7MQ2 2026$51.9MQ3 2026
Altisource Portfolio Solutions S.A.: where each dollar of revenue goesAltisource Portfolio Solutions S.A.: where each dollar of revenue goesIncome tax1¢Operating cash flow7¢Free cash flow6¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Service revenue$49.8M96.0%+2%+26%
Reimbursable expenses$2.1M4.0%+10%-5%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$51.9M100.0%
Income tax$406K0.8%
Operating cash flow$3.5M6.7%
Free cash flow$2.9M5.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$51.9M+24%
Q2 2026$50.7M+17%
Q1 2026$47.6M+10%
Q4 2025$42.3M+3%
Q3 2025$41.9M+3%
Q2 2025$43.3M+11%
Q1 2025$43.4M+10%

From Altisource Portfolio Solutions S.A.'s 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Altisource Portfolio Solutions S.A. make money?

Altisource Portfolio Solutions S.A. (ASPS) made $51.9M of revenue in the third quarter 2026 (Q3 2026), +24% from a year earlier. Service revenue brought in $49.8M (96%); Reimbursable expenses brought in $2.1M (4%).

What is Altisource Portfolio Solutions S.A.'s biggest business?

Service revenue: $49.8M in the third quarter 2026, 96% of revenue, +26% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.