Altisource Portfolio Solutions (ASPS) Q2 FY26 earnings call

Altisource delivered strong Q2 FY26 service revenue growth and significantly advanced its customer diversification strategy, with non-Onity/Rithm revenue reaching a new high. The company is actively deploying AI and efficiency initiatives to improve margins and scalability, positioning itself for future profitability despite a challenging market characterized by low delinquency rates and origination volumes. Management anticipates roughly flat Q3 and higher Q4 adjusted EBITDA, working towards its Project 45 objective.