Overview
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- TickerASPS on Nasdaq1
- IndustryServices-Miscellaneous Business Services1
- HeadquartersN41
- Incorporated inLuxembourg2
- Business address33, Boulevard Prince Henri, L-1724 Luxembourg City, Grand Duchy Of Luxembourg, N4 502
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formOther
- Kind of organizationReal estate vehicle1
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Altisource ® is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
28.6%Gross margin5
0.2%Operating margin5
1.1%Net margin5
6.8%Revenue growth, 20255
-$5.1MFree cash flow5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue67¢$122.1M
- Selling, general and admin23¢$41.0M
- Income tax9¢$16.1M
- Profit1¢$1.9M
Out of $171.0M in revenue.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $648.7M6 | $365.5M7 | $178.5M8 | $153.1M9 | $145.1M10 | $160.1M5 | $171.0M5 |
| Cost of revenue | $493.3M6 | $305.2M7 | $171.4M8 | $131.3M9 | $115.4M10 | $110.6M5 | $122.1M5 |
| Gross profit | $155.4M6 | $60.4M7 | $7.1M8 | $21.8M9 | $29.7M10 | $49.5M5 | $48.9M5 |
| Selling, general and admin | $141.1M6 | $92.7M7 | $67.0M8 | $54.8M9 | $46.4M10 | $45.6M5 | $41.0M5 |
| Operating income | $18.1M6 | -$44.4M7 | $29.0M8 | -$33.2M9 | -$16.8M10 | $3.2M5 | $417.0K5 |
| Interest | $21.4M6 | $17.7M7 | $14.5M8 | $16.6M9 | $36.1M9 | ||
| Income before tax | $15.3M8 | -$47.6M9 | -$52.3M10 | -$32.9M5 | -$14.1M5 | ||
| Income tax | $318.3M6 | $8.6M7 | $3.2M8 | $5.3M9 | $3.7M10 | $2.6M5 | -$16.1M5 |
| Net income | -$305.9M6 | -$66.3M7 | $12.1M8 | -$52.8M9 | -$56.1M10 | -$35.4M5 | $1.9M5 |
| Earnings per share | -$19.266 | -$4.317 | $0.758 | -$3.329 | -$2.5110 | -$9.995 | $0.165 |
| Earnings per share (diluted) | -$19.266 | -$4.317 | $0.748 | -$3.329 | -$2.5110 | -$9.995 | $0.155 |
| Shares (weighted, basic) | 15.8M shares8 | 16.1M shares9 | 22.4M shares10 | 3.6M shares5 | 10.1M shares5 | ||
| Shares (weighted, diluted) | 16.1M shares8 | 16.1M shares9 | 22.4M shares10 | 3.6M shares5 | 11.1M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $82.7M6 | $58.3M7 | $98.1M8 | $51.0M9 | $32.5M10 | $29.8M5 | $26.6M5 |
| Receivables | $18.0M8 | $13.0M10 | $11.7M5 | $15.1M5 | $18.0M5 | ||
| Current assets | $184.2M6 | $100.2M7 | $138.0M8 | $87.6M9 | $55.5M10 | $51.1M5 | $54.3M5 |
| Property, plant and equipment | $6.9M8 | $4.2M9 | $1.7M10 | $701.0K5 | $253.0K5 | ||
| Goodwill | $56.0M8 | $56.0M9 | $56.0M10 | $56.0M5 | $56.0M5 | ||
| Intangible assets | $36.9M8 | $31.7M9 | $26.5M10 | $21.5M5 | $17.1M5 | ||
| Total assets | $394.3M6 | $265.7M7 | $257.8M8 | $195.3M9 | $154.9M10 | $143.6M5 | $139.8M5 |
| Accounts payable | $16.0M8 | $15.0M9 | $15.3M10 | $17.9M5 | $13.5M5 | ||
| Short-term debt | $010 | $230.5M5 | $1.2M5 | ||||
| Current liabilities | $87.6M6 | $71.5M7 | $54.7M8 | $40.1M9 | $35.8M10 | $271.3M5 | $47.1M5 |
| Long-term debt | $287.9M6 | $242.7M7 | $243.6M8 | $245.5M9 | $215.6M10 | $05 | $189.9M5 |
| Retained earnings | $186.6M8 | $118.9M9 | -$180.2M10 | -$260.0M5 | -$363.7M5 | ||
| Shareholders’ equity | -$22.8M6 | -$83.8M7 | -$70.1M8 | -$119.6M9 | -$125.7M10 | -$157.4M5 | -$110.2M5 |
| Shares outstanding | 15.5M shares6 | 15.7M shares7 | 15.9M shares8 | 16.1M shares9 | 26.5M shares10 | 3.4M shares5 | 11.0M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $46.7M6 | -$22.4M7 | -$60.4M8 | -$44.9M9 | -$21.8M10 | -$5.0M5 | -$5.1M5 |
| Stock-based compensation | $2.8M8 | $5.0M9 | $5.1M10 | $4.7M5 | $4.3M5 | ||
| Capital spending | $2.2M6 | $2.7M7 | $1.4M8 | $863.0K9 | $010 | $3.0K5 | $69.0K5 |
| Free cash flow | $44.5M | -$25.1M | -$61.8M | -$45.8M | -$21.8M | -$5.0M | -$5.1M |
| Cash from investing | $102.8M8 | -$767.0K9 | $010 | $2.3M5 | -$319.0K5 | ||
| Share buybacks | $20.0M6 | $06 | |||||
| Cash from financing | -$2.3M8 | -$2.2M9 | $3.0M10 | $55.0K5 | $3.2M5 |
Compare ALTISOURCE PORTFOLIO SOLUTIONS S.A. with another company
Corporate structure
ALTISOURCE PORTFOLIO SOLUTIONS S.A. sits at the top of its group. 53 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Jul 31, 2026
- Credit Investments Group, a distinct business unit of UBS Asset Management (Americas) LLC Filed SCHEDULE 13D/A on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest May 21, 2026 (3 filings since Feb 26, 2025)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Mar 26, 2026 (2 filings since Jan 30, 2026)
- Nantahala Capital Management, LLC Filed SCHEDULE 13G on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Nov 14, 2025 (3 filings since Feb 14, 2025)
- Deer Park Road Management Company, LP Filed SCHEDULE 13D/A on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest May 7, 2025 (3 filings since Jun 20, 2024)
- Benefit Street Partners LLC Filed SCHEDULE 13G on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Apr 7, 2025
- William C. Erbey Filed SCHEDULE 13D/A on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Apr 7, 2025
- PhenixFIN Corp Filed SCHEDULE 13G on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Mar 5, 2025
- Concise Capital Management, LP Filed SCHEDULE 13G on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Feb 27, 2025
- Hoak Public Equities, LP Filed SC 13D on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Feb 21, 2023
- Steven R. Becker Filed SC 13G on ALTISOURCE PORTFOLIO SOLUTIONS S.A., latest Feb 17, 2023
- ALTISOURCE PORTFOLIO SOLUTIONS S.A. N4
- Altisource Access, Inc. Subsidiary · Delaware, United States
- Altisource Business Solutions Private Limited Subsidiary · India
- Altisource Business Solutions S.à r.l. Subsidiary · Luxembourg
- Altisource Fulfillment Operations, Inc. Subsidiary · Delaware, United States
- Altisource Holdings, LLC Subsidiary · Delaware, United States
- Altisource Mortgage Solutions S.à r.l. Subsidiary · Luxembourg
- Altisource Online Auction, Inc. Subsidiary · Delaware, United States
- Altisource Outsourcing Solutions S.R.L. Subsidiary · Uruguay
- Altisource Partners, LP Subsidiary · Delaware, United States
- Altisource Plan Warehousing S.C.S. Subsidiary · Luxembourg
- Altisource Real Estate Web Portal S.à r.l. Subsidiary · Luxembourg
- Altisource S.à r.l. Subsidiary · Luxembourg
- Altisource Solutions, Inc. Subsidiary · Delaware, United States
- Altisource Technology Solutions S.à r.l. Subsidiary · Luxembourg
- Altisource US Data, Inc. Subsidiary · Delaware, United States
- Association of Certified Mortgage Originators Risk Retention Group, Inc. Subsidiary · Nevada, United States
- Association of Certified Originators Subsidiary · Nevada, United States
- Beltline Road Insurance Agency, Inc. Subsidiary · Texas, United States
- Best Partners Mortgage Cooperative, Inc. Subsidiary · Delaware, United States
- CastleLine Re, Inc. Subsidiary · Nevada, United States
- CastleLine Risk and Insurance Services, LLC Subsidiary · Nevada, United States
- Correspondent One, LLC Subsidiary · Delaware, United States
- Equator, LLC Subsidiary · Delaware, United States
- Power Default Services, Inc. Subsidiary · Delaware, United States
- Premium Title Agency, Inc. Subsidiary · Delaware, United States
- and 27 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ALTISOURCE PORTFOLIO SOLUTIONS S.A. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $46.9M5 Dec 31, 2025 | $46.9M5 Dec 31, 2024 | 0% |
| Accumulated depreciation | $46.6M5 Dec 31, 2025 | $46.2M5 Dec 31, 2024 | +1.0% |
| Property and equipment, net | $253.0K5 Dec 31, 2025 | $701.0K5 Dec 31, 2024 | −63.9% |
| Operating-lease assets (leased space) | $1.1M5 Dec 31, 2025 | $2.2M5 Dec 31, 2024 | −50.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $26.6M5 Dec 31, 2025 | $29.8M5 Dec 31, 2024 | −10.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $56.0M5 Dec 31, 2025 | $56.0M5 Dec 31, 2024 | 0% |
| Finite-lived intangibles, gross | $259.4M5 Dec 31, 2025 | $258.6M5 Dec 31, 2024 | +0.3% |
| Accumulated amortization | $242.3M5 Dec 31, 2025 | $237.2M5 Dec 31, 2024 | +2.2% |
| Finite-lived intangibles, net | $17.1M5 Dec 31, 2025 | $21.5M5 Dec 31, 2024 | −20.4% |
Properties, in its own words
Our principal executive offices are located in leased office space in Luxembourg, Grand Duchy of Luxembourg. Our principal leased offices in other countries as of December 31, 2025 include two offices in the United States and one office each in India and Uruguay.
We do not own any office facilities. We consider these facilities to be suitable and currently adequate for the management and operations of our businesses.
Item 2 of the 10-K filed Mar 4, 2026.4
Leadership
Who has led ALTISOURCE PORTFOLIO SOLUTIONS S.A., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerWilliam B. Shepro Aug 14, 2009 to now13
- ChairWilliam B. Shepro Oct 30, 2019 to now14
- PresidentJoseph A. Davila May 30, 2014 to Nov 15, 201815
- PresidentMark J. Hynes May 30, 2014 to Apr 17, 201516
- PresidentVivek Bhandari May 30, 2014 to Apr 18, 201717
- PresidentShekar Sivasubramanian Apr 8, 2010 to Apr 8, 201018
- Chief financial officerIndroneel Chatterjee Oct 10, 2017 to Feb 14, 201819
- Chief financial officerMichelle D. Esterman Mar 14, 2012 to Oct 10, 201720
- Chief financial officerRobert Daniel Stiles Aug 14, 2009 to Jul 13, 201021
- Chief operating officerMarcello Mastioni Aug 5, 2019 to Mar 23, 202122
Board members and other officers (18)
- EVP, FinanceMichelle D. Esterman Feb 14, 2018 to Apr 17, 201823
- PRES, REAL ESTATE MARKETPLACEMarcello Mastioni Dec 26, 2018 to Feb 27, 201924
- Chief Administration OfficerKevin James Wilcox Oct 30, 2013 to Mar 24, 202025
- Board memberWesley G. Iseley May 23, 2025 to now26
- Board memberMary Hickok Mar 11, 2022 to Mar 11, 202227
- Board memberJohn G. Aldridge Jr. May 26, 2022 to now28
- Board memberScott Edward Burg Sep 27, 2018 to Feb 14, 202229
- Board memberJoseph L. Morettini May 19, 2017 to now30
- Board memberOrin S. Kramer Aug 22, 2016 to May 17, 201831
- Board memberW. Michael Linn May 20, 2011 to May 10, 201932
- Board memberSilke Andresen-Kienz Jul 14, 2010 to May 20, 201133
- Board memberRoland Mueller-Ineichen Aug 14, 2009 to now34
- Board memberWilliam B. Shepro Aug 14, 2009 to Apr 16, 201913
- Board memberWilliam C. Erbey Aug 14, 2009 to Jan 16, 201535
- Board memberRobert L. Denormandie Aug 18, 2009 to Jul 16, 201036
- Board memberTimo Vatto Aug 18, 2009 to May 17, 201837
- General counselGregory J. Ritts Oct 10, 2014 to now38
- General counselKevin James Wilcox Aug 14, 2009 to Mar 7, 201239
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Altisource Access, Inc. Delaware3
- Altisource Business Solutions Private Limited India3
- Altisource Business Solutions S.à r.l. Luxembourg3
- Altisource Fulfillment Operations, Inc. Delaware3
- Altisource Holdings, LLC Delaware3
- Altisource Mortgage Solutions S.à r.l. Luxembourg3
- Altisource Online Auction, Inc. Delaware3
- Altisource Outsourcing Solutions S.R.L. Uruguay3
- Altisource Partners, LP Delaware3
- Altisource Plan Warehousing S.C.S. Luxembourg3
- Altisource Portfolio Solutions, Inc. Delaware3
- Altisource Real Estate Web Portal S.à r.l. Luxembourg3
- Altisource S.à r.l. Luxembourg3
- Altisource Solutions, Inc. Delaware3
- Altisource Technology Solutions S.à r.l. Luxembourg3
- Altisource US Data, Inc. Delaware3
- Association of Certified Mortgage Originators Risk Retention Group, Inc. Nevada3
- Association of Certified Originators Nevada3
- Beltline Road Insurance Agency, Inc. Texas3
- Best Partners Mortgage Cooperative, Inc. Delaware3
- CastleLine Re, Inc. Nevada3
- CastleLine Risk and Insurance Services, LLC Nevada3
- Correspondent One, LLC Delaware3
- Equator, LLC Delaware3
All 53 listed subsidiaries
- PTS – Escrow, Inc. Delaware3
- PTS – Texas Title, Inc. Delaware3
- Power Default Services, Inc. Delaware3
- Premium Title Agency, Inc. Delaware3
- Premium Title Insurance Agency - UT, Inc. Utah3
- Premium Title Services - FL, Inc. Delaware3
- Premium Title Services - IL, Inc. Delaware3
- Premium Title Services - Indiana, Inc. Delaware3
- Premium Title Services - LA, Inc. Louisiana3
- Premium Title Services - MD, Inc. Delaware3
- Premium Title Services - MN, Inc. Delaware3
- Premium Title Services - MO, Inc. Delaware3
- Premium Title Services - NY, Inc. Delaware3
- Premium Title Services - VA, Inc. Delaware3
- Premium Title Services, Inc. Florida3
- Premium Title of California, Inc. California3
- REALHome Services and Solutions – CT, Inc. Connecticut3
- REALHome Services and Solutions, Inc. Florida3
- Springhouse, LLC Missouri3
- The Mortgage Partnership of America, L.L.C. Missouri3
- Western Progressive Trustee, LLC Delaware3
- Western Progressive – Arizona, Inc. Delaware3
- Western Progressive – Mississippi, Inc. Delaware3
- Western Progressive – Missouri, Inc. Missouri3
- Western Progressive – Nevada, Inc. Delaware3
- Western Progressive – Tennessee, Inc. Tennessee3
- Western Progressive – Utah, Inc. Utah3
- Western Progressive – Virginia, Inc. Virginia3
- Western Progressive – Washington, Inc. Washington3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Altisource Portfolio Solutions S.a.r.l.May 13, 2009 to May 13, 20092
Timeline
- Jul 23, 20268-K Results of operations40
- May 20, 20268-K Shareholder vote41
- Apr 23, 20268-K Results of operations42
- Mar 4, 20268-K Results of operations43
- Feb 18, 20268-K Executive or director change; Regulation FD disclosure; Other events44
- Oct 23, 20258-K Results of operations45
- Aug 8, 20258-K Shareholder vote; Regulation FD disclosure46
- Aug 8, 20258-K Regulation FD disclosure47
- Aug 4, 20258-K Regulation FD disclosure; Other events48
- Jul 24, 20258-K Results of operations49
- May 23, 20258-K Regulation FD disclosure50
- May 13, 20258-K Shareholder vote; Regulation FD disclosure51
- Aug 14, 2009New chief executive William B. Shepro becomes CEO13
Calendar
Coming up
- Oct 22, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Oct 23, 2025.52
When it reported results
- Jul 23, 2026Reported quarterly or annual results40
- Apr 23, 2026Reported quarterly or annual results42
- Mar 4, 2026Reported quarterly or annual results43
- Oct 23, 2025Reported quarterly or annual results45
- Jul 24, 2025Reported quarterly or annual results49
- May 1, 2025Reported quarterly or annual results53
- Mar 13, 2025Reported quarterly or annual results54
- Oct 24, 2024Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
339 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 65 major events, 181 insider forms, 18 large holders, 1 private raises, 53 other. The latest 20:
- Aug 24, 20264 PRIMARY DOCUMENT EDGAR
- Aug 19, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 7, 20264 PRIMARY DOCUMENT EDGAR
- Aug 4, 20264 EDGAR
- Jul 31, 2026SCHEDULE 13G EDGAR
- Jul 31, 20264 PRIMARY DOCUMENT EDGAR
- Jul 30, 20264 PRIMARY DOCUMENT EDGAR
- Jul 29, 20264 PRIMARY DOCUMENT EDGAR
- Jul 29, 20264 PRIMARY DOCUMENT EDGAR
- Jul 23, 20268-K EDGAR
- Jul 23, 202610-Q EDGAR
- Jul 23, 2026S-8 EDGAR
- Jun 10, 20264 PRIMARY DOCUMENT EDGAR
- Jun 10, 20264 EDGAR
- Jun 8, 20264/A EDGAR
- May 26, 20264 PRIMARY DOCUMENT EDGAR
- May 26, 20264 PRIMARY DOCUMENT EDGAR
- May 26, 20264 PRIMARY DOCUMENT EDGAR
- May 26, 20264 PRIMARY DOCUMENT EDGAR
The 339 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
25 open-market trades by officers, directors and large owners since October 2021: 23 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Winkler Matthew T.Director | Buy | 2,000 | $5.60 | $11.2K | Form 4 |
| Aug 3, 2026 | Benefit Street Partners LLC10% owner | Buy | 48,991 | $5.78 | $283.2K | Form 4 |
| Jul 31, 2026 | Benefit Street Partners LLC10% owner | Buy | 1,009 | $5.43 | $5.5K | Form 4 |
| Jul 30, 2026 | Winkler Matthew T.Director | Buy | 1,000 | $5.05 | $5.0K | Form 4 |
| Jul 29, 2026 | Winkler Matthew T.Director | Buy | 701 | $5.10 | $3.6K | Form 4 |
| Jul 28, 2026 | Shepro William BChair and CEO | Buy | 4,000 | $5.18 | $20.7K | Form 4 |
| May 22, 2026 | Shepro William BChair and CEO | Buy | 3,511 | $6.02 | $21.1K | Form 4 |
| Apr 9, 2025 | RITTS GREGORY J.Chief Legal/Compliance Officer | Buy | 20,000 | $0.48 | $9.6K | Form 4 |
| Mar 28, 2025 | Shepro William BChair and CEO | Buy | 210,498 | $0.48 | $101.0K | Form 4 |
| Mar 28, 2025 | Esterman Michelle D.Chief Financial Officer | Buy | 210,498 | $0.48 | $101.0K | Form 4 |
| Feb 19, 2025 | Deer Park Road Management Company, LP10% owner | Sale | 3,815 | $0.76 | $2.9K | Form 4 |
| Feb 19, 2025 | Craig-Scheckman Michael10% owner | Sale | 3,815 | $0.76 | $2.9K | Form 4 |
| Mar 18, 2024 | Shepro William BChair and CEO | Buy | 2,200 | $2.51 | $5.5K | Form 4 |
| Mar 14, 2024 | Shepro William BChair and CEO | Buy | 2,200 | $2.51 | $5.5K | Form 4 |
| Sep 8, 2023 | ALDRIDGE JOHN G JRDirector | Buy | 27,778 | $3.60 | $100.0K | Form 4 |
| Sep 8, 2023 | Esterman Michelle D.Chief Financial Officer | Buy | 13,889 | $3.60 | $50.0K | Form 4 |
| Sep 8, 2023 | Shepro William BChair and CEO | Buy | 41,667 | $3.60 | $150.0K | Form 4 |
| Feb 14, 2023 | Esterman Michelle D.Chief Financial Officer | Buy | 14,000 | $5.00 | $70.0K | Form 4 |
| Feb 14, 2023 | RITTS GREGORY J.Chief Legal/Compliance Officer | Buy | 2,000 | $5.00 | $10.0K | Form 4 |
| Feb 14, 2023 | ALDRIDGE JOHN G JRDirector | Buy | 20,000 | $5.00 | $100.0K | Form 4 |
All 25 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202656
- Credit Investments Group, a distinct business unit of UBS Asset Management (Americas) LLCSCHEDULE 13D/A, 3 filings Feb 26, 2025 to May 21, 202657
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jan 30, 2026 to Mar 26, 202658
- Nantahala Capital Management, LLCSCHEDULE 13G, 3 filings Feb 14, 2025 to Nov 14, 202559
- Deer Park Road Management Company, LPSCHEDULE 13D/A, 3 filings Jun 20, 2024 to May 7, 202560
- Benefit Street Partners LLCSCHEDULE 13G, 1 filing Apr 7, 202561
- William C. ErbeySCHEDULE 13D/A, 1 filing Apr 7, 202562
- PhenixFIN CorpSCHEDULE 13G, 1 filing Mar 5, 202563
- Concise Capital Management, LPSCHEDULE 13G, 1 filing Feb 27, 202564
- Hoak Public Equities, LPSC 13D, 1 filing Feb 21, 202365
- Steven R. BeckerSC 13G, 1 filing Feb 17, 202366
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | William B. SheproChief Executive Officer | 57 | $3.1M | $7.5M67 |
| 2025 | Michelle D. EstermanChief Financial Officer | 53 | $1.1M | $2.7M67 |
| 2025 | Gregory J. RittsChief Legal and Compliance Officer | 57 | $925.3K | $2.4M67 |
| 2024 | William B. SheproChief Executive Officer | 57 | $1.9M67 | |
| 2024 | Gregory J. RittsChief Legal and Compliance Officer | 57 | $728.9K67 | |
| 2024 | Michelle D. EstermanChief Financial Officer | 53 | $686.9K67 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $72.8M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $72.8M | $72.8M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How ALTISOURCE PORTFOLIO SOLUTIONS S.A. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARALTISOURCE PORTFOLIO SOLUTIONS S.A.1
- CIK0001462418
- Employer ID (EIN)98-05549324
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inLuxembourg4
- Fiscal year endsDecember 311
- Industry code (SIC)7380 Services-Miscellaneous Business Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address33, Boulevard Prince Henri, L-1724 Luxembourg City, Grand Duchy Of Luxembourg, N4 501
- Phone352 24 69 79 001
- Shares outstanding11,420,206 as of Jul 17, 202612
- Public float$32.4M as of Jun 30, 20254
- AuditorRSM US LLP, Jacksonville, Florida PCAOB ID 49; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 13, 20091
- Filings1,052 in all: 4 (461), 8-K (225), 10-Q (53), SC 13G/A (39), SC 13D/A (31), 3 (29), DEFA14A (22), DEF 14A (21)1
All 40 form types
4/A (19), PRE 14A (19), 10-K (17), SC 13G (14), UPLOAD (12), CORRESP (10), 5 (8), 8-K/A (8), SCHEDULE 13G (7), SC 13D (6), SCHEDULE 13D/A (5), 10-12B/A (4), 424B5 (4), EFFECT (4), S-8 (4), 424B3 (3), 5/A (3), CT ORDER (3), S-3 (3), ARS (2), D (2), PX14A6G (2), S-1/A (2), SCHEDULE 13G/A (2), 10-12B (1), 10-K/A (1), 8-A12B (1), CERT (1), CERTNAS (1), NT 10-K (1), S-1 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 4, 2026
Quarterly report (10-Q) Jul 23, 2026
Proxy statement (DEF 14A) Apr 7, 2026
Latest 8-K (8-K) Jul 23, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | ASPS | The Nasdaq Stock Market LLC |
| Cash Exercise Stakeholder Warrants | ASPSZ | The Nasdaq Stock Market LLC |
| Net Settle Stakeholder Warrants | ASPSW | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks ALTISOURCE PORTFOLIO SOLUTIONS S.A. names in Item 1A of its 10-K filed Mar 4, 2026: 49 risks under these headings, as written.4
- Risks Related to Our Business and Operations
- We earn a significant portion of our revenue in connection with providing services to two customers.
- Technology disruptions, failures, defects, inadequacies, delays, difficulties in implementing technology modifications, acts of vandalism, the introduction of harmful code or intellectual property disputes could damage our business operations and relationships with clients and stakeholders, and increase our costs.
- Cyberattacks, ransomware, data breaches, malicious activity or other security incidents targeting our systems, data or platforms could disrupt our operations, expose us to liability, and materially harm our financial condition and reputation.
- We may not successfully prevent or detect fraudulent activity which could harm our services, clients, third parties, reputation, and our results of operations.
- Our business continuity and disaster recovery plans may not adequately address potential impacts from business interruptions or pandemics, which could result in operational disruptions, financial losses, or regulatory compliance issues.
- Under certain material agreements to which we are currently a party or into which we may enter in the future, the formation by shareholders of Altisource of a “group” with beneficial ownership of a defined percentage of the combined voting power or economic interest of Altisource capital stock exceeding a defined percentage may give rise to a termination event or an event of default.
- Risks Related to Our Industry
- Changes in economic and market conditions that depress residential real estate sales, values or mortgage origination volumes could negatively impact demand for our services.
- Government shutdowns, funding lapses or other disruptions affecting federal, state or local governmental operations could adversely affect our business, results of operations and cash flows.
- A depressed rate of residential mortgage delinquencies, defaults or foreclosures, and REO volume can negatively affect demand for certain of our services.
- We may fail to adapt our services to changes in technology or in the marketplace related to mortgage servicing or origination, changing requirements of governmental authorities, GSEs and customers. Customers may seek to reduce the number of their service providers.
The other 39 risks
- Changes that reduce or limit the use of online default real estate auctions or otherwise reduce the volume or rate of success of such auctions can negatively impact our auction marketplace, real estate brokerage and related default services.
- Changes that reduce the frequency or alter or eliminate requirements to use default or origination services of the type we provide may reduce the volume of sales of our services.
- Developments that impact residential foreclosures or the supply, sale price or sale of REO could negatively affect demand for certain of our default-related services and impact our ability to meet certain contractual performance metrics.
- Changes to compensation paid in connection with residential property transactions could negatively impact us.
- Risks Related to Our Growth Strategy
- Sales from our awarded business or pipeline may not occur or may take longer than anticipated to develop, which could result in lower-than-expected revenue and impact our financial performance.
- Risks Related to Human Capital
- A majority of our employees and contractors work from locations other than in our facilities, which could negatively impact our control environment or productivity and create additional risks for our business, including increasing our risk for cybersecurity breaches or failures.
- We rely on vendors for many aspects of our business. If our vendor oversight activities are ineffective, we may fail to meet customer or regulatory requirements. We may face difficulties sourcing required vendors or supplies or managing our relationships with vendors.
- We make extensive use of contractors in certain of our lines of business. If we are required to reclassify contractors as employees, we may incur fines and penalties and additional costs and taxes.
- Our success depends on the relevant industry experience and relationships of certain members of our Board of Directors, executive officers and other key personnel.
- Attracting, motivating, and retaining skilled employees could prove difficult.
- The presence of our operations in multiple countries subjects us to risks endemic to those countries.
- Risks Related to Our Common Stock
- We may never pay cash dividends on our common stock so any returns would be limited to the potential appreciation of our stock.
- Our smaller market capitalization could increase the volatility, and limit investors in and analyst coverage, of our stock
- Owners of our securities could be diluted.
- The market price and trading volume of our common stock and Stakeholder Warrants has been and may continue to be volatile.
- We may take advantage of specified reduced disclosure requirements applicable to a “smaller reporting company” or a “non-accelerated filer” under Regulation S-K, and the information that we provide to shareholders may be different from the information they might receive from other public companies.
- We are not currently eligible to file new short form registration statements on Form S-3 for the primary offering of securities, except in limited circumstances. As a result, our ability to raise capital on favorable terms or at all may be impaired.
- Volatility in the trading price of our common stock or other securities could result in litigation.
- Risks Related to Shareholder Structure and Governance
- The individual and collective interests and objectives of the lenders under our New Facility which are also our shareholders (collectively, the “Lender Shareholders”) may conflict with those of our other shareholders.
- Risks Related to Financing, Our Indebtedness and Capital Structure
- If we are unable to generate sufficient cash flow or access the capital markets or our borrowing capacity is reduced, our liquidity and competitive position would be negatively affected.
- Our level of debt and the variable interest rate on our New Facility and the Super Senior Facility make us sensitive to the effects of our financial performance and interest rate increases; our level of debt and provisions of the New Facility and the Super Senior Facility could limit our ability to react to changes in the economy or our industry.
- Our failure to comply with the covenants or terms contained in the New Facility or the Super Senior Facility, including as a result of events beyond our control, could result in an event of default.
- We may be unable to repay or refinance the balance of our loans under the New Facility or the Super Senior Facility prior to maturity, particularly if cash from operations is not sufficient, assets are not readily available for sale, or we are unable to refinance on favorable terms or at all.
- We have a significant net operating loss recognized by our Luxembourg entities. We may not be able to fully utilize this deferred tax asset before the net operating loss expires.
- We have significant investments in goodwill and intangible assets recorded as a result of prior acquisitions and an impairment of these assets would require a write-down that would reduce our net income.
- Cash, cash equivalents and escrow funds we hold at financial institutions could be lost and not recoverable.
- Fluctuations in currency exchange rates could expose us to losses.
- Risks Relating to Luxembourg Organization and Ownership of Our Shares
- We are a Luxembourg company. The rights of shareholders under Luxembourg law may differ in certain respects from the rights afforded to shareholders of companies organized under laws in other jurisdictions. Luxembourg may also impose additional requirements which may limit our ability to manage the company and respond to market conditions.
- As a Luxembourg company, we are subject to Luxembourg requirements which may limit our operational flexibility and affect how we manage and govern the Company.
- A significant challenge of the Luxembourg tax regime or of its interpretation by the Luxembourg tax authorities, or its application to us or our business could have a negative impact us.
- Changes in trade policies, including tariffs, taxes or restrictions on foreign service providers, could adversely affect our business.
- Risks Relating to Regulation
- Our business and the business of our customers are subject to extensive scrutiny and legal requirements. We, or our services, may fail or be perceived as failing to comply with applicable legal requirements.
- Failure to comply with applicable sanctions, including blocking certain activities in sanctioned countries, could expose us to penalties and other adverse consequences.
- If we fail to timely make required disclosure filings with the United States Department of Treasury Financial Crimes Enforcement Network, we could be subject to penalties.
- We are subject to licensing and regulation as a provider of certain services. If we fail to maintain our licenses or if our licenses are suspended or terminated, we may not be able to provide certain of our services. In addition, the lack of certain licenses in one or more jurisdictions could cause us to breach applicable contracts.
- A violation by our customers of applicable legal requirements in the selection or use of our services could generate legal liability for us.
- Our services, regulatory obligations and tax compliance requirements expose us to significant penalties, litigation, customer loss and increased costs.
- The tax regulations, and the interpretation thereof, in the countries, states and local jurisdictions in which we operate periodically change, which may adversely affect our results due to higher taxes, interest and penalties, or our inability to utilize operating losses or other tax credits available to us.
- Our operations and intercompany arrangements are subject to the tax laws of various jurisdictions, and we could be obligated to pay additional taxes, which would harm our results of operations.
Legal proceedings
We may become, from time to time, involved in various disputes, litigation, regulatory inquiry, audit, examinations and investigation matters that arise in the course of business. Given the inherent unpredictability of these proceedings, it is possible that future adverse outcomes could have a material adverse effect on our financial condition or results of operations.
Litigation
We are currently involved in legal actions in the course of our business, most of which seek monetary damages. Although the outcome of these proceedings cannot be predicted with certainty, we currently believe that their outcome, both individually and in the aggregate, will not have a material impact on our financial condition, results of operations or cash flows.
National Fair Housing Alliance v. Altisource Solutions, Inc., et al.
The opening of Item 3, Legal Proceedings.4
Sources
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- 14SEC EDGARWilliam B. Shepro, Chair
- 15SEC EDGARJoseph A. Davila, President
- 16SEC EDGARMark J. Hynes, President
- 17SEC EDGARVivek Bhandari, President
- 18SEC EDGARShekar Sivasubramanian, President
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- 23SEC EDGARMichelle D. Esterman, EVP, Finance
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- 26SEC EDGARWesley G. Iseley, Board member
- 27SEC EDGARMary Hickok, Board member
- 28SEC EDGARJohn G. Aldridge Jr., Board member
- 29SEC EDGARScott Edward Burg, Board member
- 30SEC EDGARJoseph L. Morettini, Board member
- 31SEC EDGAROrin S. Kramer, Board member
- 32SEC EDGARW. Michael Linn, Board member
- 33SEC EDGARSilke Andresen-Kienz, Board member
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- 35SEC EDGARWilliam C. Erbey, Board member
- 36SEC EDGARRobert L. Denormandie, Board member
- 37SEC EDGARTimo Vatto, Board member
- 38SEC EDGARGregory J. Ritts, General counsel
- 39SEC EDGARKevin James Wilcox, General counsel
- 40SEC EDGARResults of operations
- 41SEC EDGARShareholder vote
- 42SEC EDGARResults of operations
- 43SEC EDGARResults of operations
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- 45SEC EDGARResults of operations
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- 47SEC EDGARRegulation FD disclosure
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- 49SEC EDGARResults of operations
- 50SEC EDGARRegulation FD disclosure
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