Altisource Portfolio Solutions S.A. (ASPS) Balance Sheet
ASPS balance sheet, 2025
December 31, 2025 · U.S. dollars$139.8M assets = $249.3M liabilities + −$109.5M equity
Liabilities exceed assets: shareholders’ equity is negative (−$109.5M).
Both columns are drawn to the same scale: what ASPS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ASPS financial health
Descriptive bands, not a rating. Fiscal 2025.
ASPS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $689.2M2016 | $139.8M2025 | −16.2%/yr | |
| Total liabilities | $627.0M2016 | $249.3M2025 | −9.7%/yr | |
| Shareholders’ equity | $60.8M2016 | −$110.2M2025 | — | |
| Cash & short-term investments | $208.1M2016 | $26.6M2025 | −20.4%/yr | |
| Total debt | $473.5M2016 | $192.2M2025 | −9.5%/yr | |
| Net cash (debt) | −$265.5M2016 | −$165.6M2025 | +$99.8M | |
| Working capital | $176.5M2016 | $52.2M2025 | −$124.4M | |
| Book value per share | $3.102016 | −$9.962025 | — | |
| Debt / equity | 7.792016 | 1.122018 | −6.67 | |
| Shares outstanding | 19.6M2016 | 11.1M2025 | −6.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ASPS assets
ASPS liabilities and equity
ASPS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ASPS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $26.6M | $29.8M | $32.5M | $51.0M | $98.1M | $58.3M | $125.4M | $134.3M | $183.6M | $208.1M |
| Cash & equivalents | $26.6M | $29.8M | $32.5M | $51.0M | $98.1M | $58.3M | $82.7M | $58.3M | $105.0M | $149.3M |
| Short-term investments | — | — | — | — | — | $0 | $42.6M | $76.1M | $78.6M | $58.8M |
| Receivables | $19.2M | $16.1M | $12.0M | $20.0M | $18.0M | $22.4M | $43.6M | $36.5M | $62.0M | $97.0M |
| Inventory | $0 | $0 | $0 | $0 | $1 | $0 | $1 | $0 | $7.9M | $6.9M |
| Other current assets | $8.4M | $5.2M | $11.0M | $16.5M | $21.9M | $19.5M | $15.2M | $30.7M | $18.2M | $13.5M |
| Total current assets | $54.3M | $51.1M | $55.5M | $87.6M | $138.0M | $100.2M | $184.2M | $201.5M | $271.6M | $325.5M |
| Property, plant & equipment (net) | $1.4M | $2.9M | $5.1M | $9.5M | $14.5M | $30.1M | $53.6M | $45.6M | $73.3M | $103.5M |
| Goodwill & intangible assets | $73.0M | $77.4M | $82.5M | $87.7M | $92.8M | $120.2M | $134.9M | $173.0M | $206.3M | $241.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $11.1M | $12.1M | $11.7M | $10.2M | $12.5M | $15.2M | $12.4M | $321.5M | $313.9M | $18.5M |
| Total assets | $139.8M | $143.6M | $154.9M | $195.0M | $257.8M | $265.7M | $385.1M | $741.7M | $865.2M | $689.2M |
| Liabilities | ||||||||||
| Accounts payable | $13.5M | $17.9M | $15.3M | $15.0M | $16.0M | $16.8M | $22.4M | $27.9M | $15.7M | $8.8M |
| Short-term debt | $2.1M | $233.0M | $1.6M | $2.1M | $2.9M | $7.6M | $11.4M | $165,000 | $5.9M | $5.9M |
| Deferred revenue | $3.4M | $4.0M | $3.2M | $3.7M | $4.3M | $5.5M | $5.2M | $10.1M | $9.8M | $8.8M |
| Total current liabilities | $2.1M | $271.3M | $35.8M | $40.1M | $54.7M | $71.5M | $87.6M | $104.4M | $109.6M | $148.9M |
| Long-term debt | $189.9M | $0 | $215.6M | $245.2M | $243.6M | $242.7M | $287.9M | $331.5M | $403.3M | $467.6M |
| Lease obligations | $1.1M | $2.3M | $3.5M | $5.5M | $7.9M | $19.9M | $31.1M | — | — | — |
| Other long-term liabilities | $57.3M | $29.0M | $28.5M | $28.8M | $28.3M | $34.0M | $31.0M | $9.2M | $12.3M | $10.5M |
| Total liabilities | $249.3M | $300.3M | $279.9M | $314.1M | $326.7M | $348.2M | $406.5M | $445.0M | $525.2M | $627.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $110,000 | $37,000 | $30.0M | $25.4M | $25.4M | $25.4M | $25.4M | $25.4M | $137.9M | $132.7M |
| Retained earnings (deficit) | −$363.7M | −$260.0M | −$180.2M | $118.9M | $186.6M | $190.4M | $272.0M | $590.7M | $626.6M | $333.8M |
| Treasury stock | — | — | — | — | −$426.4M | −$441.0M | −$453.9M | −$443.3M | −$426.6M | −$404.0M |
| Accumulated other comprehensive income | — | — | −$125.1M | −$118.9M | $0 | −$82.6M | −$21.4M | −$187.1M | $733,000 | −$1.7M |
| Minority interest | $751,000 | $665,000 | $615,000 | $775,000 | $1.3M | $1.2M | $1.5M | $1.2M | $1.4M | $1.4M |
| Total shareholders' equity | −$110.2M | −$157.4M | −$125.7M | −$119.6M | −$68.9M | −$82.6M | −$21.4M | $296.7M | $338.6M | $60.8M |
| Key figures | ||||||||||
| Total debt | $192.2M | $233.9M | $219.1M | $251.0M | $246.5M | $250.3M | $299.3M | $331.6M | $409.3M | $473.5M |
| Net cash (debt) | −$165.6M | −$204.1M | −$186.6M | −$199.9M | −$148.4M | −$192.0M | −$173.9M | −$197.3M | −$225.7M | −$265.5M |
| Working capital | $52.2M | −$220.2M | $19.8M | $47.5M | $83.3M | $28.6M | $96.6M | $97.2M | $162.1M | $176.5M |
| Tangible book value | −$183.3M | −$234.8M | −$208.2M | −$207.3M | −$161.7M | −$202.7M | −$156.3M | $123.6M | $132.3M | −$180.9M |
| Book value per share | −$9.96 | −$5.52 | −$5.61 | −$7.45 | −$4.29 | −$5.29 | −$1.34 | $17.38 | $18.12 | $3.10 |
| Shares outstanding | 11.1M | 28.5M | 22.4M | 16.1M | 16.1M | 15.6M | 16.0M | 17.1M | 18.7M | 19.6M |
| Current ratio | 25.55 | 0.19 | 1.55 | 2.18 | 2.52 | 1.40 | 2.10 | 1.93 | 2.48 | 2.19 |
| Quick ratio | 21.58 | 0.17 | 1.25 | 1.77 | 2.12 | 1.13 | 1.93 | 1.64 | 2.24 | 2.05 |
| Debt / equity | — | — | — | — | — | — | — | 1.12 | 1.21 | 7.79 |
| Equity / assets | −78.8% | −109.6% | −81.2% | −61.4% | −26.7% | −31.1% | −5.5% | 40.0% | 39.1% | 8.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $23.2M | $31.4M | $26.6M | $28.6M | $30.0M | $30.8M | $29.8M | $28.3M | $29.7M | $29.6M | $32.5M | $36.6M |
| Cash & equivalents | $23.2M | $31.4M | $26.6M | $28.6M | $30.0M | $30.8M | $29.8M | $28.3M | $29.7M | $29.6M | $32.5M | $36.6M |
| Receivables | $28.0M | $21.8M | $19.2M | $17.8M | $19.0M | $18.8M | $16.1M | $15.2M | $13.9M | $13.8M | $11.7M | $13.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $965,000 | $0 | $1 | $0 | $0 |
| Other current assets | $5.4M | $5.7M | $8.4M | $8.0M | $5.0M | $5.3M | $5.2M | $6.3M | $7.6M | $8.2M | $11.3M | $11.2M |
| Total current assets | $56.6M | $58.8M | $54.3M | $54.4M | $53.9M | $54.9M | $51.1M | $50.8M | $51.2M | $51.6M | $55.5M | $60.8M |
| Property, plant & equipment (net) | $1.2M | $1.3M | $1.4M | $1.6M | $2.0M | $2.5M | $2.9M | $3.4M | $3.7M | $4.4M | $5.1M | $5.8M |
| Goodwill & intangible assets | $70.2M | $71.6M | $73.0M | $73.6M | $74.9M | $76.2M | $77.4M | $78.7M | $80.0M | $81.2M | $82.5M | $83.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $8.5M | $10.4M | $11.1M | $10.3M | $12.1M | $12.1M | $12.1M | $11.5M | $11.7M | $11.7M | $11.7M | $12.2M |
| Total assets | $136.5M | $142.2M | $139.8M | $139.9M | $142.9M | $145.7M | $143.6M | $144.5M | $146.6M | $148.9M | $154.9M | $162.6M |
| Liabilities | ||||||||||||
| Accounts payable | $18.0M | $18.2M | $13.5M | $12.8M | $13.4M | $16.5M | $17.9M | $15.6M | $14.3M | $13.4M | $15.3M | $16.4M |
| Short-term debt | $1.6M | $1.9M | $2.1M | $3.4M | $3.7M | $3.7M | $233.0M | $228.5M | $224.5M | $1.5M | $1.6M | $1.6M |
| Deferred revenue | $3.0M | $4.0M | $3.4M | $3.5M | $3.4M | $3.6M | $4.0M | $3.8M | $3.6M | $3.4M | $3.2M | $3.3M |
| Total current liabilities | $48.8M | $1.9M | $47.1M | $39.7M | $40.1M | $42.2M | $271.3M | $265.4M | $258.9M | $34.1M | $36.9M | $36.6M |
| Long-term debt | $185.0M | $188.5M | $189.9M | $191.3M | $192.6M | $193.7M | $0 | $0 | $0 | $219.3M | $215.6M | $212.0M |
| Lease obligations | $702,000 | $951,000 | $1.1M | $1.3M | $1.7M | $2.0M | $2.3M | $2.6M | $2.7M | $3.1M | $3.5M | $3.8M |
| Other long-term liabilities | $12.8M | $61.4M | $12.3M | $12.5M | $12.1M | $28.8M | $29.0M | $27.8M | $27.8M | $28.2M | $28.5M | $27.0M |
| Total liabilities | $245.8M | $251.8M | $249.3M | $243.4M | $244.9M | $264.7M | $300.3M | $293.2M | $286.8M | $281.6M | $279.9M | $275.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $114,000 | $113,000 | $110,000 | $110,000 | $110,000 | $882,000 | $37,000 | $30.0M | $30.0M | $30.0M | $30.0M | $30.0M |
| Retained earnings (deficit) | −$368.9M | −$368.3M | −$363.7M | −$355.9M | −$352.6M | −$363.1M | −$260.0M | −$247.5M | −$234.4M | −$218.5M | −$180.2M | −$166.1M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | $0 |
| Minority interest | $783,000 | $817,000 | $751,000 | $739,000 | $759,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | −$110.1M | −$110.5M | −$110.2M | −$104.2M | −$102.7M | −$119.8M | −$157.4M | −$149.4M | −$140.8M | −$133.3M | −$125.7M | −$113.6M |
| Key figures | ||||||||||||
| Total debt | $186.2M | $189.8M | $192.2M | $194.8M | $196.5M | $197.9M | $233.9M | $229.6M | $225.7M | $222.4M | $219.1M | $215.8M |
| Net cash (debt) | −$163.0M | −$158.4M | −$165.6M | −$166.2M | −$166.6M | −$167.1M | −$204.1M | −$201.3M | −$196.0M | −$192.8M | −$186.6M | −$179.1M |
| Working capital | $7.8M | $57.0M | $7.2M | $14.7M | $13.8M | $12.7M | −$220.2M | −$214.6M | −$207.7M | $17.5M | $18.7M | $24.2M |
| Tangible book value | −$180.3M | −$182.1M | −$183.3M | −$177.8M | −$177.6M | −$195.9M | −$234.8M | −$228.1M | −$220.8M | −$214.6M | −$208.2M | −$197.4M |
| Book value per share | −$9.71 | −$9.94 | −$9.96 | −$9.48 | −$9.16 | −$16.19 | −$43.82 | −$5.21 | −$4.93 | −$4.73 | −$4.47 | −$5.12 |
| Shares outstanding | 11.3M | 11.1M | 11.1M | 11.0M | 11.2M | 7.4M | 3.6M | 28.7M | 28.6M | 28.2M | 28.1M | 22.2M |
| Current ratio | 1.16 | 31.61 | 1.15 | 1.37 | 1.34 | 1.30 | 0.19 | 0.19 | 0.20 | 1.51 | 1.51 | 1.66 |
| Quick ratio | 1.05 | 28.58 | 0.97 | 1.17 | 1.22 | 1.18 | 0.17 | 0.16 | 0.17 | 1.27 | 1.20 | 1.35 |
| Equity / assets | −80.7% | −77.7% | −78.8% | −74.5% | −71.8% | −82.2% | −109.6% | −103.4% | −96.1% | −89.6% | −81.2% | −69.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
ASPS financial position
At the end of fiscal 2025 (December 31, 2025), Altisource Portfolio Solutions had total assets of $139.8 million (down 2.6% from a year earlier), total liabilities of $249.3 million and shareholders' equity of -$110.2 million. It held $26.6 million in cash and short-term investments against $192.2 million of debt, net debt of $165.6 million. Its current ratio was 25.55. In the latest quarter (ended June 30, 2026) total assets were $136.5 million and equity -$110.1 million.
Related: ASPS income statement, ASPS cash flow statement, ASPS key metrics. See the ASPS stock overview for the latest quote and news.
ASPS balance sheet FAQ
What are Altisource Portfolio Solutions's total assets?
Altisource Portfolio Solutions reported total assets of $139.8 million at the end of fiscal 2025 (December 31, 2025), compared with $143.6 million a year earlier.
How much debt does Altisource Portfolio Solutions have?
Altisource Portfolio Solutions had $192.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Altisource Portfolio Solutions have?
Altisource Portfolio Solutions held $26.6 million in cash and short-term investments at the end of fiscal 2025; with $192.2 million of debt that is net debt of $165.6 million.
What is Altisource Portfolio Solutions's book value?
Altisource Portfolio Solutions's shareholders' equity (book value) was -$110.2 million at the end of fiscal 2025, or −$9.96 per share.
What is Altisource Portfolio Solutions's current ratio?
Altisource Portfolio Solutions had current assets of $54.3 million and current liabilities of $2.1 million, a current ratio of 25.55 (it can cover its short-term obligations).
How much goodwill does Altisource Portfolio Solutions have?
Altisource Portfolio Solutions carried $73.0 million of goodwill and intangible assets, 52.2% of total assets, at the end of fiscal 2025.