ALTISOURCE PORTFOLIO SOLUTIONS SA
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
ASPS$5.50-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $29,599 | $32,522 |
| Accounts receivable, net of allowance for doubtful accounts of $3,555 and $3,123, respectively | 13,625 | 11,682 |
| Prepaid expenses and other current assets | 8,350 | 11,336 |
| Total current assets | 51,574 | 55,540 |
| Premises and equipment, net | 1,413 | 1,709 |
| Right-of-use assets under operating leases | 2,983 | 3,379 |
| Goodwill | 55,960 | 55,960 |
| Intangible assets, net | 25,278 | 26,548 |
| Deferred tax assets, net | 4,985 | 4,992 |
| Other assets | 6,675 | 6,730 |
| Total assets | $148,868 | $154,858 |
| LIABILITIES AND DEFICIT | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $28,465 | $30,088 |
| Deferred revenue | 3,445 | 3,195 |
| Other current liabilities | 2,171 | 2,477 |
| Total current liabilities | 34,081 | 35,760 |
| Long-term debt | 219,266 | 215,615 |
| Deferred tax liabilities, net | 8,998 | 9,028 |
| Other non-current liabilities | 19,221 | 19,510 |
| Commitments, contingencies and regulatory matters (Note 21) | ||
| Deficit: | ||
| Common stock ($1.00 par value; 100,000 shares authorized, 29,963 issued and 26,953 outstanding as of March 31, 2024; 29,963 issued and 26,496 outstanding as of December 31, 2023) | 29,963 | 29,963 |
| Additional paid-in capital | 179,093 | 177,278 |
| Accumulated deficit | (218,517) | (180,162) |
| Treasury stock, at cost (3,010 shares as of March 31, 2024 and 3,467 shares as of December 31, 2023) | (123,874) | (152,749) |
| Altisource deficit | (133,335) | (125,670) |
| Non-controlling interests | 637 | 615 |
| Total deficit | (132,698) | (125,055) |
| Total liabilities and deficit | $148,868 | $154,858 |
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