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ALTISOURCE PORTFOLIO SOLUTIONS S.A.

For the period ended Sep 30, 2025. Filed Oct 23, 2025.

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About this filing

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.

Sep 30, 2025 · Filed Oct 23, 2025

ASPS$5.71-2.5%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)
☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number:1-34354

(Exact name of registrant as specified in its Charter)

Luxembourg98-0554932
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

33, Boulevard Prince Henri

L-1724 Luxembourg

Grand Duchy of Luxembourg

(Address of principal executive offices)

(352)2060 2055

(Registrant’s telephone number, including area code)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.01 par valueASPSThe Nasdaq Stock Market LLC
Cash Exercise Stakeholder WarrantsASPSZThe Nasdaq Stock Market LLC
Net Settle Stakeholder WarrantsASPSWThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☑ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☑Smaller reporting company☑
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☑

As of October 17, 2025, there were 10,991,850 outstanding shares of the registrant’s common stock (excluding 29,106 shares held as treasury stock).

FORM 10-Q

Page
PART I — Financial Information
Item 1 · Interim Condensed Consolidated Financial Statements (Unaudited)
Condensed Consolidated Balance Sheets3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)4
Condensed Consolidated Statements of Equity (Deficit)5
Condensed Consolidated Statements of Cash Flows7
Notes to Condensed Consolidated Financial Statements9
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations36
Item 3Quantitative and Qualitative Disclosures about Market Risk54
Item 4Controls and Procedures55
PART II — Other Information
Item 1Legal Proceedings56
Item 1ARisk Factors56
Item 2Unregistered Sales of Equity Securities and Use of Proceeds#
Item 5Other Information57
Item 6Exhibits58
SIGNATURES59
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