# Altisource’s Service Revenue Grows 26% as Quarterly Loss Narrows

The real-estate services provider reported stronger operating cash flow, although its gross margin declined.

By Will Langan | 24X7 News
Published: 2026-10-29T14:04:55.354Z
Updated: 2026-10-29T14:04:55.354Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/altisource-third-quarter-results-october-29-2026

Altisource reported October 29 that third-quarter service revenue increased 26% to $49.8 million, while its net loss narrowed to $1.4 million from $2.4 million a year earlier.

Total revenue, which also includes reimbursable expenses, rose 24% to $51.9 million. The distinction separates the company’s service fees from its broader revenue total.

The diluted loss was 12 cents per share, compared with 22 cents a year earlier. Adjusted earnings, which exclude specified items, increased to 13 cents per share from 10 cents.

Operating income rose to $764,000 from $521,000. Adjusted EBITDA increased 17% to approximately $4.3 million, but the company said that measure’s margin declined to 8.5% from 9.1%, reflecting revenue mix and investment.

Gross profit increased 7% to $12.1 million. Relative to service revenue, gross margin fell to 24% from 29%.

Operating cash flow improved to $3.5 million from approximately $718,000. Cash and equivalents totaled $25.1 million at September-end.

Management attributed service-revenue growth to customer wins ramping up. Its longer-term goal of $45 million in annualized adjusted EBITDA by late 2028 remains a target, rather than current earnings.

Sources:
Altisource — October 29 Results: https://www.globenewswire.com/news-release/2026/10/29/3391142/12071/en/altisource-announces-third-quarter-2026-financial-results.html

## Sources
- Altisource — October 29 Results: https://www.globenewswire.com/news-release/2026/10/29/3391142/12071/en/altisource-announces-third-quarter-2026-financial-results.html