Altisource (ASPS) Reports Q3 2026 Growth Driven by Service Revenue and Market Share Gains
Altisource (ASPS) reported strong third-quarter 2026 results, highlighted by a 26% increase in service revenue to $49.8 million. This growth was primarily driven by significant market share gains in the origination segment and new customer wins, which helped offset broader industry volume challenges. The company's adjusted diluted EPS rose 30% year-over-year to $0.13. A key strategic shift is evident as revenue diversification improved significantly; 72% of service revenue now comes from clients other than Onity and Rithm, up from 46% the previous year. Management continues to execute 'Project 45,' an initiative targeting a $45 million adjusted EBITDA run rate by late 2028 through AI-driven efficiencies and operating leverage.
Topics: Adjusted EBITDA Debt Retirement EPS Increase Origination Segment Performance Service Revenue Growth