Altisource Q1 net loss narrows to $635,000; revenue rises 10% to $47.6 million

• Altisource posted a net loss attributable to shareholders of $635,000 for the quarter ended March 31, 2026, narrowing from the year-earlier period.
• Revenue rose 10% to $47.6 million, driven primarily by a 71% jump in Origination segment service revenue on sales wins and a stronger origination market.
• Operating income fell 47% to $1.7 million as gross margin slid 4 percentage points to 29% of service revenue on a shift toward lower-margin origination revenue.
• Customer concentration remained high, with Onity accounting for 37% of total revenue; management flagged a revenue hit from Rithm ending its subservicing agreement with Onity effective Jan. 31, 2026.
• Altisource said it anticipates funding future liquidity needs with a combination of existing cash balances and cash expected to be generated by operating activities.

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