34 slides from Altisource Portfolio Solutions's earnings presentation, Jul 23, 2026
Slide 1: Altisource Portfolio Solutions Second Quarter 2026 Supplementary Information
ALTISOURCE PORTFOLIO SOLUTIONS SECOND 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 circumstances on which any such statement is based. The risks and uncertainties to which uncertainties. These forward-looking statements include all statements that are not forward-looking statements
Slide 3: Non-GAAP Measures
NON-GAAP MEASURES Adjusted operating income, pretax income (loss) 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: Second Quarter 2026 Highlights
SECOND QUARTER 2026 HIGHLIGHTS • Generated sequential and year-over-year Service revenue growth in both Business Segments1 − Growth outpaces the Service revenue loss related to the on-going (1) service transfer of Onity2 servicing to Rithm3 and (2) transition of the Cooperative Brokerage Agreement R
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 Segments Adjusted EBITDA1 Q2 2026 Highlights (vs. Q2 2025) $48.7 $40.8 $45.1 • Generated Service revenue of $48.7 million, $39.7 $39.9 a 19% increase over Q2 2025 and an 8% $34.4 increase over Q1 2026 $31.4 $30.1 $1
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 Income (Loss) Before Income Taxes and Non-controlling Interests Q2 2026 GAAP Highlights (vs. Q2 2025) $0.2 $0.4 • GAAP pre-tax earnings in Q2 2026 was nearly ($0.0) break-even compared to $0.2 million of pre- tax income in Q2 2025 ($1.7) •
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. Q2 2025) • Service revenue of $34.4 million increased 8% primarily attributable to growth from customers wins in the Hubzu, Title and $32.0 $31.2 $31.4 $34.4 Trustee businesses, partially
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 Pipeline1,2 $29.4 $19.3 $8.2 Probability Weighted Average $11.7 Pipeline Estimated Revenue – End of Quarter Q4'24 Q4'25 Q1'26 Q2'26 Strong Sales Wins3 Cumulative $25.8 $20.6 $5.2 Wins: $64.0 Estimated
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 22.3 • Hubzu inventory grew 30% to 22,300 assets from 17,200 assets at March 31, 2026 • The inventory level is an important Service revenue 17.2 barometer because growing inventory should
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. Q2 2025) • Service revenue of $14.3 million was 62% higher than Q2 2025 primarily driven by sales wins $13.7 $14.3 • Adjusted EBITDA1 declined as we invested in $8.8 $9.8 leadership and staff and incurred h
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 $13.2 $14.9 Probability Weighted Average Pipeline Estimated Revenue – End of Quarter Q4'24 Q4'25 Q1'26 Q2'26 Strong Sales Wins3 Cumulative $20.9 $4.7 $7.1 Wins: $45.3 Estimated Annualized Service
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 60.0 90% Customer Diversification Service Revenue by Customer Category • We are executing against our plan to grow 80% 50.0 (and % of total Service revenue) $48.7 revenue and reduce our dependence on $45.1 70% Onity and Rithm $31.6 $40.8 $39.7 $39.9 $24.3
Slide 13: Enterprise AI – From Evaluation to Deployment
E N T E R P R I S E A I – F R O M E VA L U AT I O N TO D E P L OY M E N T We have moved from evaluating AI to deploying it in practical, measurable ways — focused on four clear priorities Our Four Priorities: Customer-Facing Operating Revenue Accelerated Software Capabilities Efficiency Generation D
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. Q2 2025) Corporate and Others Adjusted EBITDA1 Loss • Q2 2026 Corporate Adjusted EBITDA1 loss of $7.9 million reflects a $0.4 million increase compared to Q2 2025 largely due to the net impact of non-recurring items
Slide 15: Business Environment
BUSINESS ENVIRONMENT Delinquency and Foreclosure Environment1 Origination Market Environment2 • 90+ day mortgage delinquency rates, including loans in foreclosure: • Q2 2026 industrywide mortgage origination unit volume increased − Increased to 1.55% in May 2026 (1.45% in December 2025) 9% compared
Slide 16: Conclusion
C O N C LU S I O N • Grew Service revenue, reduced outstanding debt and continued to ramp recent wins that should support future growth • Reducing Onity and Rithm customer concentration • Deploying AI with the objectives of improving efficiency and scalability • Positioning the Company to benefit if
Slide 17: Appendix
APPENDIX Altisource
Slide 18: Second Quarter Financial Results
S E C O N 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) Q2 2025 Q2 2026 Vs. Q2 2025 H1 2025 H1 2026 Vs. H1 2025 Service revenue $ 40.8 $ 48.7 19% $ 81.7 $ 93.8 15% Revenue 43.3 50.7 17% 86.7 98.2 13% Gross profit 13.0 12.8 (2%) 26.4 25.9 (2%) Income from o
Slide 19: Operating Metrics
O P E R AT I N G M E T R I C S Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Default Related Services Onity Serviced Forward Loan Portfolio1: Service revenue2 per delinquent loan3 per quarter Non-GSE and Non-FHA $ 246 $ 275 $ 262 $ 316 $ 331 $ 328 $ 308 $ 380 $ 426 $
Slide 20: Operating Metrics
O P E R AT I N G M E T R I C S Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Hubzu: Service revenue (in millions)1 $ 7.1 $ 7.1 $ 5.8 $ 7.1 $ 7.3 $ 6.4 $ 6.0 $ 6.6 $ 6.4 $ 5.7 $ 5.6 $ 6.6 $ 7.5 Number of homes sold on Hubzu: Onity serviced portfolios 2 567 556 443 494
Slide 21: Hubzu Inventory
H U B Z U I N V E N TO R Y Ending Inventory (in thousands) 22.3 3.4 17.2 3.7 10.4 18.9 7.3 6.8 6.3 6.2 6.0 6.5 6.2 5.7 5.7 13.4 5.0 3.6 4.1 3.6 3.5 3.7 4.1 3.8 3.3 2.6 3.6 2.4 2.7 2.4 2.4 2.4 2.4 3.7 2.2 2.2 Q4'19 Q4'20 Q4'21 Q4'22 Q4'23 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 All Other Customers
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 Foreclosure Starts and Timing Starts 90+ DQ rate Shaded area represents period of borrower relief • In response to the COVID-19 pandemic, borrowers measures were provided various relief measures, including 180,000 5.00% foreclosure
Slide 23: Industrywide Foreclosure Sales
INDUSTRYWIDE FORECLOSURE SALES Foreclosure Foreclosures that Convert to Foreclosure Sales Sales % Shaded area represents period of borrower relief • Foreclosure sales are increasing, but remain 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 income (loss) 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 income (loss) 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 Q2 2025 Q2 2026 H1 2025 H1 2026 ($ in millions except per share data) Income from operations $ 3.2 $ 1.1 $ 6.5 $ 2.9 Intangible asset amortization expense 1.3 1.4 2.5 2.8 Share-based compensation expense 0.7 1.2 1.8 2.4 Cost of cost savings initiatives and other 0.3
Slide 27: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q2 2025 Q2 2026 H1 2025 H1 2026 ($ in millions except per share data) Net income (loss) attributable to Altisource $ 16.6 $ (0.6) $ 11.2 $ (1.2) Intangible asset amortization expense, net of tax 1.3 1.4 2.5 2.8 Share-based compensation expense, net of tax 0.7 1.2 1.7
Slide 28: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q2 2025 Q2 2026 H1 2025 H1 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 $ 2.5 $ 2.8 Tax benefit from intangible asset amortization
Slide 29: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q2 2025 Q2 2026 H1 2025 H1 2026 ($ in millions except per share data) Calculation of the per share impact of Litigation matter, net of tax Litigation matter $ - $ (0.7) $ - $ (0.7) Tax provision from Litigation matter - 0.2 - 0.2 Litigation matter, net of tax - (0.6)
Slide 30: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 H1 2025 H1 2026 ($ in millions except per share data) Net income (loss) attributable to Altisource $ 16.6 $ (2.4) $ (7.2) $ (0.6) $ (0.6) $ 11.2 $ (1.2) Income tax (benefit) provision (16.5) 0.7 (1.0) 0.9 0.5 (15.7) 1.4 1 Inter
Slide 31: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 H1 2025 H1 2026 ($ in millions except per share data) Servicer and Real Estate: Income before income taxes and non-controlling interests $ 11.3 $ 9.0 $ 2.1 $ 9.8 $ 11.5 $ 22.2 $ 21.3 1 Interest expense, net of interest income 0
Slide 32: Non-GAAP Measures Reconciliation
NON-GAAP MEASURES Reconciliation Q2 2025 Q3 2025 hn Q4 2025 hn Q1 2026 Q2 2026 H1 2025 H1 2026 ($ in millions except per share data) Corporate and Others: Loss before income taxes and non-controlling interests $ (11.6) $ (10.3) $ (10.2) $ (10.1) $ (11.3) $ (27.0) $ (21.5) 1 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
ee toe Altisource YY OF U SRL ONS E7550 JUPRECSE ALTISOURCE.COM