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Side-by-side financial comparison of ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $42.3M, roughly 1.4× ALTISOURCE PORTFOLIO SOLUTIONS S.A.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 3.2%). ALTISOURCE PORTFOLIO SOLUTIONS S.A. produced more free cash flow last quarter ($-525.0K vs $-167.0M).

Altisource Portfolio Solutions S.A. is a global provider of integrated technology, data and operational services for the mortgage, real estate and consumer finance sectors. It serves lenders, servicers and investors, offering solutions that streamline asset management and residential property transaction workflows to boost operational efficiency.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

ASPS vs PHAT — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.4× larger
PHAT
$57.6M
$42.3M
ASPS
Growing faster (revenue YoY)
PHAT
PHAT
+90.9% gap
PHAT
94.1%
3.2%
ASPS
More free cash flow
ASPS
ASPS
$166.5M more FCF
ASPS
$-525.0K
$-167.0M
PHAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASPS
ASPS
PHAT
PHAT
Revenue
$42.3M
$57.6M
Net Profit
$-7.1M
Gross Margin
26.5%
86.7%
Operating Margin
-15.5%
Net Margin
-16.8%
Revenue YoY
3.2%
94.1%
Net Profit YoY
18.2%
71.6%
EPS (diluted)
$-1.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASPS
ASPS
PHAT
PHAT
Q4 25
$42.3M
$57.6M
Q3 25
$41.9M
$49.5M
Q2 25
$43.3M
$39.5M
Q1 25
$43.4M
$28.5M
Q4 24
$41.0M
$29.7M
Q3 24
$40.5M
$16.4M
Q2 24
$39.1M
$7.3M
Q1 24
$39.5M
Net Profit
ASPS
ASPS
PHAT
PHAT
Q4 25
$-7.1M
Q3 25
$-2.3M
$-30.0M
Q2 25
$16.7M
$-75.8M
Q1 25
$-5.3M
$-94.3M
Q4 24
$-8.7M
Q3 24
$-9.3M
$-85.6M
Q2 24
$-8.3M
$-91.4M
Q1 24
$-9.2M
Gross Margin
ASPS
ASPS
PHAT
PHAT
Q4 25
26.5%
86.7%
Q3 25
27.1%
87.5%
Q2 25
30.1%
87.2%
Q1 25
30.7%
86.9%
Q4 24
30.3%
87.1%
Q3 24
29.8%
85.6%
Q2 24
32.5%
81.2%
Q1 24
31.2%
Operating Margin
ASPS
ASPS
PHAT
PHAT
Q4 25
-15.5%
Q3 25
1.2%
-30.8%
Q2 25
7.5%
-151.7%
Q1 25
7.5%
-276.5%
Q4 24
1.4%
Q3 24
2.7%
-433.0%
Q2 24
5.3%
-1055.4%
Q1 24
-1.4%
Net Margin
ASPS
ASPS
PHAT
PHAT
Q4 25
-16.8%
Q3 25
-5.5%
-60.5%
Q2 25
38.5%
-191.9%
Q1 25
-12.1%
-330.7%
Q4 24
-21.3%
Q3 24
-23.0%
-523.3%
Q2 24
-21.1%
-1248.6%
Q1 24
-23.2%
EPS (diluted)
ASPS
ASPS
PHAT
PHAT
Q4 25
$-1.02
Q3 25
$-0.22
$-0.41
Q2 25
$1.48
$-1.05
Q1 25
$-0.09
$-1.31
Q4 24
$-4.72
Q3 24
$-2.61
$-1.32
Q2 24
$-2.33
$-1.56
Q1 24
$-0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASPS
ASPS
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$26.6M
$130.0M
Total DebtLower is stronger
$191.1M
$209.1M
Stockholders' EquityBook value
$-110.2M
$-438.2M
Total Assets
$139.8M
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPS
ASPS
PHAT
PHAT
Q4 25
$26.6M
$130.0M
Q3 25
$28.6M
$135.2M
Q2 25
$30.0M
$149.6M
Q1 25
$30.8M
$212.3M
Q4 24
$29.8M
$297.3M
Q3 24
$28.3M
$334.7M
Q2 24
$29.7M
$276.2M
Q1 24
$29.6M
Total Debt
ASPS
ASPS
PHAT
PHAT
Q4 25
$191.1M
$209.1M
Q3 25
$192.5M
$207.1M
Q2 25
$193.9M
$205.1M
Q1 25
$195.0M
$203.2M
Q4 24
$230.5M
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
ASPS
ASPS
PHAT
PHAT
Q4 25
$-110.2M
$-438.2M
Q3 25
$-104.2M
$-422.5M
Q2 25
$-102.7M
$-405.8M
Q1 25
$-119.8M
$-338.4M
Q4 24
$-157.4M
$-253.6M
Q3 24
$-149.4M
$-187.1M
Q2 24
$-140.8M
$-233.8M
Q1 24
$-133.3M
Total Assets
ASPS
ASPS
PHAT
PHAT
Q4 25
$139.8M
$259.1M
Q3 25
$139.9M
$240.3M
Q2 25
$142.9M
$250.2M
Q1 25
$145.7M
$294.2M
Q4 24
$143.6M
$378.3M
Q3 24
$144.5M
$387.0M
Q2 24
$146.6M
$319.4M
Q1 24
$148.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASPS
ASPS
PHAT
PHAT
Operating Cash FlowLast quarter
$-505.0K
$-166.8M
Free Cash FlowOCF − Capex
$-525.0K
$-167.0M
FCF MarginFCF / Revenue
-1.2%
-290.0%
Capex IntensityCapex / Revenue
0.0%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.1M
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPS
ASPS
PHAT
PHAT
Q4 25
$-505.0K
$-166.8M
Q3 25
$718.0K
$-14.1M
Q2 25
$-306.0K
$-62.7M
Q1 25
$-5.0M
$-84.9M
Q4 24
$-1.4M
$-266.8M
Q3 24
$-1.6M
$-63.6M
Q2 24
$180.0K
$-70.7M
Q1 24
$-2.2M
Free Cash Flow
ASPS
ASPS
PHAT
PHAT
Q4 25
$-525.0K
$-167.0M
Q3 25
$697.0K
$-14.1M
Q2 25
$-309.0K
$-62.8M
Q1 25
$-5.0M
$-84.9M
Q4 24
$-1.4M
$-266.9M
Q3 24
$-63.6M
Q2 24
$-70.8M
Q1 24
FCF Margin
ASPS
ASPS
PHAT
PHAT
Q4 25
-1.2%
-290.0%
Q3 25
1.7%
-28.6%
Q2 25
-0.7%
-159.0%
Q1 25
-11.5%
-297.9%
Q4 24
-3.4%
-899.8%
Q3 24
-389.0%
Q2 24
-966.2%
Q1 24
Capex Intensity
ASPS
ASPS
PHAT
PHAT
Q4 25
0.0%
0.4%
Q3 25
0.1%
0.1%
Q2 25
0.0%
0.2%
Q1 25
0.1%
0.1%
Q4 24
0.0%
0.5%
Q3 24
0.0%
0.3%
Q2 24
0.0%
0.6%
Q1 24
0.0%
Cash Conversion
ASPS
ASPS
PHAT
PHAT
Q4 25
Q3 25
Q2 25
-0.02×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASPS
ASPS

Services$39.9M94%
Revenue Relatedto Technology Platformsand Professional Services$2.4M6%

PHAT
PHAT

Segment breakdown not available.

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