Altisource Portfolio Solutions S.A. Cash Exercise Stakeholder Warrants (ASPSZ)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a durable business bought at a sensible price. Altisource is a real estate and mortgage services provider with 1,236 employees, and the numbers I see do not suggest durable economics. Revenue has grown—fiscal Q2 2026 revenue was $50.7M versus $43.3M in fiscal Q2 2025—but profits are erratic. Fiscal 2023 lost $56.1M, fiscal 2024 lost $35.4M, and fiscal 2025 earned only $1.9M. By fiscal Q2 2026, the company was back to a $515,000 net loss. That is not a moat; that is a treadmill. A business with negligible margins and negative trailing free cash flow of $2.4M lacks pricing power and buffers. The FairStock ratios reinforce the point: Piotroski F-Score 3/9, Altman Z-Score -3.31, ROCE 1.93%. The cash flow yield is -112.5% against a $2.1M market cap at the 2026-09-04 close. EV/EBITDA of 25.00 is not cheap for a low-margin, cash-burning service company. The Lynch category is TURNAROUND—returned to profit after losses—but a single profitable year does not make a turnaround proven. And this security is a cash exercise stakeholder warrant, not the common shares; without strike, expiry, and terms, I cannot calculate intrinsic value. At $0.18, the warrant is near its 52-week low of $0.17, but a low price is not the same as value. Graham's margin of safety requires demonstrable assets, earnings, or terms; here I have only hope and volatility. Not interested.

In plain English: Altisource provides services to real estate and mortgage companies. The business looks weak: it had large losses in 2023 and 2024, only a small profit in 2025, and small losses again in early 2026. The warrant price is very low, but it does not look clearly cheap because the company is not consistently profitable and the warrant terms are not provided.

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Data as of 2026-09-04 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer