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Financial statements

ALTISOURCE PORTFOLIO SOLUTIONS S.A. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ALTISOURCE PORTFOLIO SOLUTIONS S.A. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue997942838649366178153145160171
Cost of revenue690700622493305171131115111122
Gross profit30724221615560.47.0921.829.749.548.9
Selling, general and administrative21419317614192.76754.846.445.641
Operating income65.149.742.518.1-44.429-33.2-16.83.220.42
Interest expense24.422.326.321.417.714.516.636.138.912.2
Interest income0.090.270.740.340.1100.671.311.031.4
Other non-operating income-20.8-14.3-41.1-5.61-13.4-13.7-14.4-35.6-36.1-14.6
Pre-tax income44.335.41.412.4-57.715.3-47.6-52.3-32.9-14.1
Income tax12.9-2764.13188.613.235.273.712.58-16.1
Net income to minority interests2.692.742.682.110.840.240.590.230.190.31
Net income28.7309-5.38-308-67.211.8-53.4-56.3-35.61.62
EBITDA10286.273.336.6-29.533.6-29.7-14.44.220.93
EPS, basic12.23135.78-2.56-153.93-34.455.99-26.53-20.06-9.990.16
EPS, diluted11.67132.11-2.56-153.93-34.455.91-26.53-20.06-9.990.15
Shares, basic (weighted)2.342.282.1421.951.982.012.813.5710.1
Shares, diluted (weighted)2.452.342.1421.952.012.012.813.5711.1

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents14910558.382.758.398.15132.529.826.6
Receivables87.852.736.543.622.4181311.715.118
Other current assets6.8910.29.74.275.16.882.632.740.590.92
Total current assets32527220218410013887.655.551.154.3
Property, plant and equipment10373.345.624.511.96.874.221.710.70.25
Lease right-of-use assets029.118.27.595.323.382.241.12
Goodwill86.386.381.473.873.85656565656
Intangible assets15512091.76146.336.931.726.521.517.1
Other non-current assets11.310.212.410.89.856.135.436.736.54.77
Total assets689865742394266258195155144140
Accounts payable8.7915.727.922.416.8161515.317.913.5
Accrued liabilities26.427.327.924.624.413.711.98.649.5917.3
Deferred revenue8.89.810.15.185.464.343.713.23.983.44
Short-term debt5.955.950002311.23
Total current liabilities14911010487.671.554.740.135.827147.1
Long-term debt4684033312882432442452160190
Lease liabilities019.712.35.033.371.950.830.25
Other non-current liabilities10.512.39.183125.219.319.519.5203.7
Total liabilities627525445416348327314280300249
Total debt474409331288243244245216231191
Paid-in capital107112123134141144149177212257
Retained earnings334627591272190187119-180-260-364
Treasury stock-404-427-443-454-441-426-413-153-109-3.95
Other comprehensive income-1.750.730
Shareholders' equity60.8339295-22.8-83.8-70.1-120-126-157-110
Minority interests1.411.371.241.471.211.270.780.620.670.75
Total equity62.2340297-21.4-82.6-68.9-119-125-157-109
Total liabilities and equity689865742394266258195155144140
Shares outstanding2.352.182.041.931.961.992.023.323.411

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income31.4312-2.7-306-66.312.1-52.8-56.1-35.41.93
Depreciation and amortization36.836.430.818.514.94.593.442.3910.52
Stock-based compensation6.194.2610.211.97.82.835.055.074.744.35
Deferred income tax-2.6-297-5.793075.03-0.711.10.05-0.68-1.19
Change in receivables163014.6-12.2152.964.130.45-4.21-3.16
Change in payables-9.112.581.65-16.3-10.3-8.44-13-3.423.76.08
Cash from operations12766.168.446.7-22.4-60.4-44.9-21.8-5.03-5.07
Capital expenditures-23.3-10.5-3.92-2.16-2.71-1.38-0.860-0-0.07
Acquisitions-9.4100
Cash from investing-80.9-10.311.144.947.2103-0.7702.25-0.32
Debt issued0040800
Debt repaid-50.7-59.8-487-45-46.60-300-0.93
Stock issued9.562.373.640.40020.50
Share buybacks-37.7-39-40.4-200
Cash from financing-76.6-100-124-69-49.3-2.3-2.222.980.063.18
Net change in cash-30-44.3-44.822.5-24.540.1-47.9-18.9-2.72-2.21
Free cash flow10455.664.544.5-25.1-61.8-45.8-21.8-5.03-5.13
Interest paid22.721.224.120.915.712.51522.923.814.6
Income taxes paid18.318.37.142.692.062.463.3-3.782.05-0.01

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.49 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin26.6%Gross profit / revenue.
Operating margin-1.8%Operating income / revenue.
EBITDA margin-1.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-5.2%Pre-tax income / revenue.
Net margin-5.9%Net income / revenue.
FCF margin-1.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-1.1%Cash from operations / revenue.
Return on assets (ROA)-7.9%Net income / average total assets.
Return on invested capital (ROIC)-4.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue24.2%Selling, general and administrative expense / revenue.
Stock-based pay / revenue2.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.2%Capital expenditures / revenue.
D&A / revenue0.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y6.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y3.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-14.1%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-1.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y30.9%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-4.1%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y-87.1%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-77.9%EBITDA vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-2.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-10.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-12.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y210.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y76.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y41.5%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.17xCurrent assets / current liabilities.
Quick ratio1.03x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.48x(Cash + short-term investments) / current liabilities.
Debt / assets136.4%Total debt / total assets.
Liabilities / assets180.1%Total liabilities / total assets.
Net debt$163.0MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-0.36xOperating income / interest expense.
Working capital$8.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets51.4%(Goodwill + intangible assets) / total assets.
Tangible book value-$180.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.34xRevenue / average total assets.
Fixed asset turnover359xRevenue / average property, plant and equipment.
Receivables turnover6.78xRevenue / average receivables.
Days sales outstanding54 days365 x average receivables / revenue.
Days payables49 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.95Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$16.09Revenue / diluted weighted shares.
FCF per share-$0.21Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.17Cash from operations / diluted weighted shares.
Book value per share-$9.64Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$15.79Tangible book value / shares outstanding.
Cash per share$2.03(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$62.7MShare price x shares outstanding.
Enterprise value$225.7MMarket cap + total debt - cash - short-term investments.
P/S0.34xMarket cap / revenue.
EV/Sales1.24xEnterprise value / revenue.
FCF yield-3.8%Free cash flow / market cap.
Earnings yield-17.3%Net income / market cap (the inverse of P/E).
What was ALTISOURCE PORTFOLIO SOLUTIONS S.A.'s revenue in fiscal 2025?

ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported revenue of $171.0M for fiscal 2025, 6.8% higher than the year before.

Was ALTISOURCE PORTFOLIO SOLUTIONS S.A. profitable in fiscal 2025?

Yes. Net income was $1.6M, a net margin of 0.9%.

How much free cash flow did ALTISOURCE PORTFOLIO SOLUTIONS S.A. generate in fiscal 2025?

Cash from operations of $5.1M minus capital expenditures of $69.0K left free cash flow of -$5.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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