ALTISOURCE PORTFOLIO SOLUTIONS S.A.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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, 2025 · Filed May 1, 2025
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 Statements of Cash Flows
(in thousands)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(5,271) | $(9,157) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 185 | 296 |
| Amortization of right-of-use assets under operating leases | 185 | 410 |
| Amortization of intangible assets | 1,270 | 1,270 |
| PIK accrual | — | 2,102 |
| Share-based compensation expense | 1,094 | 2,213 |
| Bad debt expense | (137) | 558 |
| Amortization of debt premium | (766) | — |
| Amortization of debt discount | 641 | 942 |
| Amortization of debt issuance costs | 407 | 607 |
| Deferred income taxes | 46 | (30) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,001) | (2,501) |
| Prepaid expenses and other current assets | 336 | 2,986 |
| Other assets | (9) | 49 |
| Accounts payable and accrued expenses | 415 | (1,623) |
| Current and non-current operating lease liabilities | (195) | (420) |
| Other current and non-current liabilities | (172) | 61 |
| Net cash used in operating activities | (4,972) | (2,237) |
| Cash flows from investing activities: | ||
| Additions to premises and equipment | (25) | — |
| Net cash used in investing activities | (25) | — |
| Cash flows from financing activities: | ||
| Proceeds from the Super Senior Facility | 11,250 | — |
| Debt issuance costs | (1,749) | — |
| Equity issuance costs | (3,191) | — |
| Exercise of Warrants, net of costs | — | (90) |
| Distributions to non-controlling interests | (2) | (19) |
| Payments of tax withholding on issuance of restricted share units and restricted shares | (318) | (590) |
| Net cash provided by (used in) financing activities | 5,990 | (699) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 993 | (2,936) |
| Cash, cash equivalents and restricted cash at the beginning of the period | 32,700 | 35,416 |
| Cash, cash equivalents and restricted cash at the end of the period | $33,693 | $32,480 |
| Supplemental cash flow information: | ||
| Interest paid | $4,535 | $5,853 |
| Income taxes paid, net | 96 | 229 |
| Acquisition of right-of-use assets with operating lease liabilities | 26 | 14 |
| Reduction of right-of-use assets from operating lease modifications or reassessments | (162) | — |
| Non-cash investing and financing activities: | ||
| Equity issued in exchange for debt reduction | 45,370 | — |
| The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets and the unaudited condensed consolidated statements of cash flows: | ||
| March 31, 2025 | March 31, 2024 | |
| Cash and cash equivalents | $30,817 | $29,599 |
| Restricted cash | 2,876 | 2,881 |
| Total cash, cash equivalents and restricted cash reported in the statements of cash flows | $33,693 | $32,480 |
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