Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Q2 2025 Earnings Presentation
29 slides from Altisource Portfolio Solutions's earnings presentation, Jul 24, 2025
Slide 1: Altisource Portfolio Solutions Second Quarter 2025 Supplementary Information
ALTISOURCE PORTFOLIO SOLUTIONS SECOND QUARTER 2025 SUPPLEMENTARY INFORMATION AUGUST 2022 © 2025 Altisource All Rights Reserved.
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that involve a number of risks looking statements are subject include, but are not limited to, risks related to customer and uncertainties. These forward-looking statements include all statements that are concentration, the timing of t
Slide 3: Non-GAAP Measures
NON-GAAP MEASURES Adjusted operating income, pretax (loss) income attributable to Altisource, adjusted underlying business trends in a manner that is consistent with management’s pretax (loss) income attributable to Altisource, adjusted net (loss) income attributable evaluation of business performan
Slide 4: Second Quarter 2025 Overview
SECOND QUARTER 2025 OVERVIEW In a close to historically low delinquency environment, we grew Service revenue, Adjusted EBITDA1, pre- and post-tax GAAP earnings and GAAP earnings per share compared to Q2 2024 Earnings growth is largely from our focus on growing businesses that have tailwinds, cost di
Slide 5: Total Company Financial Performance
TO TA 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 Q2 2025 Highlights (vs. Q2 2024) $40.9 $40.8 $36.9 $38.2 $38.4 • Grew total Company Service revenue by 11% to $40.8 million $30.4 $31.4 $32.9 $32.0 • Grew total Company Adjusted EBITDA2 b
Slide 6: Service 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 2024) • Service revenue of $32.0 million increased 10% primarily from the ramp of the Renovation business and growth in the $30.4 $31.4 $32.9 $32.0 Foreclosure Trustee business $29.0 •
Slide 7: Service 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 $30.1 $29.4 $26.1 $25.3 Weighted Average Pipeline 2 Estimated Revenue – End of Quarter Q4'23 Q4'24 Q1'25 Q2'25 Strong Sales Cumulative Wins2,3 $58.4 Wins: $90.1 Estimated Annualized $25.8 $4.
Slide 8: 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 2024) • Service revenue of $8.8 million increased 13% $8.0 $8.8 • Adjusted EBITDA1 of $0.9 million was $0.4 $7.8 $7.8 $7.0 million, or 81%, higher • Increase in Service revenue primarily reflects growth
Slide 9: 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 $18.0 $14.7 $13.2 $11.9 Weighted Average Pipeline 2 Estimated Revenue – End of Quarter Q4'23 Q4'24 Q1'25 Q2'25 Strong Sales Cumulative Wins2,3 Wins: $30.9 $12.6 $4.7 $3.3 Estimated Annualized $10.3 Service Reve
Slide 10: Growth Opportunities
GROWTH OPPORTUNITIES Initiative Opportunity Summary Status Renovation: Increase wallet share from existing Expanded geographical footprint from 5 to 22 states client; launch renovation services with new (anticipated to increase monthly referral volume); building customers the sales pipeline Growing
Slide 11: 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 2024) Corporate and Others Adjusted EBITDA1 Loss • Q2 2025 Corporate Adjusted EBITDA1 loss of $7.5 million was $0.3 million higher than Q2 2024 largely from a prior year technology and communication expense benef
Slide 12: Business Environment
BUSINESS ENVIRONMENT Delinquency and Foreclosure Environment Origination Market Environment2 • In response to the COVID-19 pandemic, borrowers were provided • Q2 2025 mortgage origination unit volume increased 27% compared to various relief measures including foreclosure and eviction moratoriums, Q2
Slide 13: Conclusion
C O N C LU S I O N • We are pleased with our second quarter results • Significantly reduced corporate interest expense, maintained cost discipline and built a strong sales pipeline • We are focused on accelerating the growth of those businesses that we believe have tailwinds • Should loan delinquenc
Slide 14: Appendix
APPENDIX as Altisource
Slide 15: Second Quarter Financial Results
S E C O N D Q U A R T E R 2 0 2 5 F I N A N C I A L R E S U LT S Vs. Q2 Vs. H1 $ millions (except per share data) Q2 2024 Q2 2025 H1 2024 H1 2025 2024 2024 Service revenue $ 36.9 $ 40.8 11% $ 73.8 $ 81.7 11% Revenue 39.1 43.3 11% 78.6 86.7 10% Gross profit 12.7 13.0 2% 25.0 26.4 5% Income from opera
Slide 16: Operating Metrics
O P E R AT I N G M E T R I C S Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Default Related Services Onity1 Serviced Forward Loan Portfolio2: Service revenue3 per delinquent loan4 per quarter Non-GSE $ 244 $ 260 $ 241 $ 288 $ 246 $ 275 $ 262 $ 316 $ 331 $ 328 $ 308 $
Slide 17: Operating Metrics
O P E R AT I N G M E T R I C S Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Hubzu1: Service revenue (in millions)2 $ 8.1 $ 6.7 $ 5.9 $ 7.7 $ 7.1 $ 7.1 $ 5.8 $ 7.1 $ 7.3 $ 6.4 $ 6.0 $ 6.6 $ 6.4 Number of homes sold on Hubzu: Onity serviced portfolios3 772 645 579 599
Slide 18: Hubzu Inventory
H U B Z U I N V E N TO R Y Ending Inventory (in 000’s) 6.9 6.3 6.3 6.5 6.2 6.0 6.0 6.2 6.1 6.0 6.2 5.9 5.8 5.8 5.9 5.7 5.6 4.4 3.6 4.1 3.5 3.4 3.6 3.6 4.1 3.8 4.2 3.5 3.4 3.6 3.7 3.9 3.5 3.3 2.4 2.5 2.6 2.7 2.7 2.4 2.4 2.4 2.4 2.4 2.4 2.0 2.0 2.2 2.2 2.3 2.3 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22
Slide 19: Non-GAAP Measures
NON-GAAP MEASURES Adjusted operating income, pretax (loss) income attributable to Altisource, adjusted pretax (loss) income attributable to Altisource, adjusted net (loss) income attributable to Altisource, adjusted diluted (loss) earnings per share, EBITDA, Adjusted EBITDA and Segment Adjusted EBIT
Slide 20: Non-GAAP Measures
NON-GAAP MEASURES • Adjusted diluted (loss) 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 t
Slide 21: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q2 2025 H1 2024 H1 2025 ($ in millions except per share data) Income from operations $ 2.1 $ 3.2 $ 1.5 $ 6.5 Intangible asset amortization expense 1.3 1.3 2.5 2.5 Share-based compensation expense 0.8 0.7 3.1 1.8 Cost of cost savings initiatives and other 0.0
Slide 22: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q2 2025 H1 2024 H1 2025 ($ in millions except per share data) Net (loss) income attributable to Altisource $ (8.3) $ 16.6 $ (17.5) $ 11.2 Intangible asset amortization expense, net of tax 1.3 1.3 2.5 2.5 Share-based compensation expense, net of tax 0.7 0.7 2.
Slide 23: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q2 2025 H1 2024 H1 2025 ($ in millions except per share data) Calculation of the impact of intangible asset amortization expense, net of tax Intangible asset amortization expense $ 1.3 $ 1.3 $ 2.5 $ 2.5 Tax benefit from intangible asset amortization - - - - I
Slide 24: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q2 2025 H1 2024 H1 2025 ($ in millions except per share data) Calculation of the impact of cost of cost savings initiatives and other, net of tax Cost of cost savings initiatives and other $ 0.0 $ 0.3 $ 0.0 $ (0.1) Tax (benefit) provision from cost of cost sa
Slide 25: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 ($ in millions except per share data) Net (loss) income attributable to Altisource $ (8.3) $ (9.4) $ (8.8) $ (5.3) $ 16.6 Income tax provision (benefit) 0.7 0.8 0.3 0.7 (16.5) 1 Interest expense, net of interest income 9.6 9.6
Slide 26: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 ($ in millions except per share data) Servicer and Real Estate: Income before income taxes and non-controlling interests $ 10.0 $ 8.9 $ 9.8 $ 10.9 $ 11.3 Interest expense, net of interest income1 0.0 (0.1) (0.1) 0.0 0.0 Depreci
Slide 27: Non-GAAP Measures
NON-GAAP MEASURES Reconciliation Q2 2024 Q3 2024 hn Q4 2024 hn Q1 2025 Q2 2025 ($ in millions except per share data) Corporate and Others: Loss before income taxes and non-controlling interests $ (17.5) $ (17.7) $ (18.2) $ (15.4) $ (11.6) 1 Interest expense, net of interest income 9.6 9.7 9.4 4.7 2.
Slide 28: 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 29: Altisource
Altisource Y OFU SRL OsNeE SSO UTR CoE ALTISOURCE.COM
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