ALTISOURCE PORTFOLIO SOLUTIONS S.A.
For the period ended Sep 30, 2025. Filed Oct 23, 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.
Sep 30, 2025 · Filed Oct 23, 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
| Nine months ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $9,062 | $(26,731) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 443 | 794 |
| Amortization of right-of-use assets under operating leases | 914 | 1,190 |
| Amortization of intangible assets | 3,810 | 3,810 |
| Paid-in-kind accrual | — | 6,505 |
| Share-based compensation expense | 3,066 | 3,916 |
| Bad debt expense | 125 | 776 |
| Amortization of debt premium | (2,893) | — |
| Amortization of debt discount | 815 | 2,791 |
| Amortization of debt issuance costs | 501 | 1,797 |
| Deferred income taxes | 91 | 76 |
| Loss on disposal of fixed assets | — | 14 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (2,494) | (3,335) |
| Prepaid expenses and other current assets | (1,110) | 3,092 |
| Other assets | 2,044 | 179 |
| Accounts payable and accrued expenses | (1,482) | 2,412 |
| Current and non-current operating lease liabilities | (952) | (1,233) |
| Other current and non-current liabilities | (16,500) | 323 |
| Net cash used in operating activities | (4,560) | (3,624) |
| Cash flows from investing activities: | ||
| Additions to premises and equipment | (49) | — |
| Other investing activities | (250) | — |
| Net cash used in investing activities | (299) | — |
| Cash flows from financing activities: | ||
| Proceeds from revolving loan agreement | — | 250 |
| Proceeds from the Super Senior Facility | 11,250 | — |
| Proceeds from exercise of cash settle stakeholder warrants | 15 | — |
| Debt issuance costs | (1,741) | — |
| Repayments of long-term debt | (613) | — |
| Equity issuance costs | (3,784) | — |
| Purchase of fractional shares | (1) | — |
| Exercise of Warrants, net of costs | — | (90) |
| Distributions to non-controlling interests | (146) | (51) |
| Payments of tax withholding on issuance of restricted share units and restricted shares | (343) | (675) |
| Net cash provided by (used in) financing activities | 4,637 | (566) |
| Net decrease in cash, cash equivalents and restricted cash | (222) | (4,190) |
| 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 | $32,478 | $31,226 |
Condensed Consolidated Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental cash flow information: | ||
| Interest paid | $11,315 | $18,092 |
| Income taxes (refunded) paid, net | (710) | 1,393 |
| Acquisition of right-of-use assets with operating lease liabilities | 121 | 442 |
| Reduction of right-of-use assets from operating lease modifications or reassessments | (162) | (87) |
| 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: | ||
| September 30, 2025 | September 30, 2024 | |
| Cash and cash equivalents | $28,598 | $28,339 |
| Restricted cash | 3,880 | 2,887 |
| Total cash, cash equivalents and restricted cash reported in the statements of cash flows | $32,478 | $31,226 |
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