The EPS miss is significant relative to the small analyst following (1 analyst). Monitor the Q4 2026 earnings for progress on Project 45 (run-rate Adjusted EBITDA of $45M by Q4 2028) and continued customer diversification away from Onity and Rithm.
Price Chart
Executive Summary
Altisource reported Q3 2026 service revenue of $49.8M, up 26% YoY, and adjusted diluted EPS of $0.13, up 30% YoY, but GAAP diluted loss per share was $(0.12). Revenue from customers outside Onity and Rithm grew 96% YoY to 72% of service revenue, signaling successful diversification. The company missed the Street consensus EPS estimate of $0.18 by $0.05 (a 27.8% miss), while revenue of $49.8M slightly missed the $50.6M consensus.
Key Financial Metrics
Key Facts
- Q3 2026 service revenue $49.8M, up 26% YoY from $39.7M
- GAAP diluted loss per share $(0.12), improved from $(0.22) a year ago
- Adjusted diluted EPS $0.13, up 30% YoY from $0.10
- Street consensus EPS was $0.18; actual adjusted EPS of $0.13 missed by 27.8%
- Revenue consensus was $50.6M; actual service revenue of $49.8M missed by 1.6%
- Adjusted EBITDA $4.3M, up 17% YoY from $3.6M
- Revenue from customers outside Onity and Rithm grew 96% YoY, now 72% of service revenue
- Cash provided by operating activities $3.5M, up from $0.7M a year ago
- Hubzu inventory grew 16% since Q2 2026 and more than quadrupled since Sep 2025
- Company targeting $45M run-rate Adjusted EBITDA by Q4 2028 (Project 45)
Financial Impact
EPS miss of $0.05 (27.8%) on adjusted basis; revenue miss of $0.8M (1.6%)
Risk Factors
- EPS miss of 27.8% on adjusted basis could pressure the stock
- GAAP net loss continues, though narrowing
- Customer concentration risk remains despite diversification progress
- Adjusted EBITDA margin declined to 8.5% from 9.1% due to revenue mix and investment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391142 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $5.25 | awaiting T+20 | awaiting T+20 | $5.50 (+4.76%) |
Oct 29, 2026 3d ago | Press Release | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 29, 2026 3d ago | 8-K | $5.34 | awaiting T+20 | awaiting T+20 | $5.50 (+3.00%) |
Oct 20, 2026 12d ago | Press Release | $5.49 | awaiting T+20 | awaiting T+20 | $5.50 (+0.13%) |
Aug 7, 2026 12w ago | Insider Cluster | $5.54 $5.59 | ▲ +0.90% | ▲ +1.82% | $5.50 (−0.72%) |
Aug 4, 2026 12w ago | Insider Cluster | $5.59 $5.61 | ▲ +0.36% | ▲ +0.96% | $5.50 (−1.61%) |
Jul 23, 2026 14w ago | 8-K | $5.80 $5.60 | ▼ −3.53% | ▼ −6.84% | $5.50 (−5.17%) |
Jul 20, 2026 14w ago | Press Release | $6.43 | awaiting T+20 | awaiting T+20 | $5.50 (−14.46%) |
Apr 23, 2026 27w ago | Press Release | $6.22 $6.49 | ▲ +4.34% | ▼ −0.29% | $5.50 (−11.58%) |
Apr 20, 2026 27w ago | Press Release | $6.93 $6.33 | ▼ −8.66% | ▼ −12.86% | $5.50 (−20.63%) |
US Market Status
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