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Side-by-side financial comparison of ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $42.3M, roughly 1.7× ALTISOURCE PORTFOLIO SOLUTIONS S.A.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -16.8%, a 18.9% gap on every dollar of revenue. On growth, ALTISOURCE PORTFOLIO SOLUTIONS S.A. posted the faster year-over-year revenue change (3.2% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-525.0K). Over the past eight quarters, ALTISOURCE PORTFOLIO SOLUTIONS S.A.'s revenue compounded faster (3.6% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

ASPS vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.7× larger
RMAX
$71.1M
$42.3M
ASPS
Growing faster (revenue YoY)
ASPS
ASPS
+5.1% gap
ASPS
3.2%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
18.9% more per $
RMAX
2.0%
-16.8%
ASPS
More free cash flow
RMAX
RMAX
$34.0M more FCF
RMAX
$33.5M
$-525.0K
ASPS
Faster 2-yr revenue CAGR
ASPS
ASPS
Annualised
ASPS
3.6%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASPS
ASPS
RMAX
RMAX
Revenue
$42.3M
$71.1M
Net Profit
$-7.1M
$1.4M
Gross Margin
26.5%
Operating Margin
-15.5%
13.1%
Net Margin
-16.8%
2.0%
Revenue YoY
3.2%
-1.8%
Net Profit YoY
18.2%
-75.2%
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
RMAX
RMAX
Q4 25
$42.3M
$71.1M
Q3 25
$41.9M
$73.2M
Q2 25
$43.3M
$72.8M
Q1 25
$43.4M
$74.5M
Q4 24
$41.0M
$72.5M
Q3 24
$40.5M
$78.5M
Q2 24
$39.1M
$78.5M
Q1 24
$39.5M
$78.3M
Net Profit
ASPS
ASPS
RMAX
RMAX
Q4 25
$-7.1M
$1.4M
Q3 25
$-2.3M
$4.0M
Q2 25
$16.7M
$4.7M
Q1 25
$-5.3M
$-2.0M
Q4 24
$-8.7M
$5.8M
Q3 24
$-9.3M
$966.0K
Q2 24
$-8.3M
$3.7M
Q1 24
$-9.2M
$-3.4M
Gross Margin
ASPS
ASPS
RMAX
RMAX
Q4 25
26.5%
Q3 25
27.1%
Q2 25
30.1%
Q1 25
30.7%
Q4 24
30.3%
Q3 24
29.8%
Q2 24
32.5%
Q1 24
31.2%
Operating Margin
ASPS
ASPS
RMAX
RMAX
Q4 25
-15.5%
13.1%
Q3 25
1.2%
25.0%
Q2 25
7.5%
19.3%
Q1 25
7.5%
7.2%
Q4 24
1.4%
5.9%
Q3 24
2.7%
19.4%
Q2 24
5.3%
20.6%
Q1 24
-1.4%
5.8%
Net Margin
ASPS
ASPS
RMAX
RMAX
Q4 25
-16.8%
2.0%
Q3 25
-5.5%
5.4%
Q2 25
38.5%
6.4%
Q1 25
-12.1%
-2.6%
Q4 24
-21.3%
8.0%
Q3 24
-23.0%
1.2%
Q2 24
-21.1%
4.7%
Q1 24
-23.2%
-4.3%
EPS (diluted)
ASPS
ASPS
RMAX
RMAX
Q4 25
$-1.02
Q3 25
$-0.22
Q2 25
$1.48
Q1 25
$-0.09
Q4 24
$-4.72
Q3 24
$-2.61
Q2 24
$-2.33
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
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$26.6M
$118.7M
Total DebtLower is stronger
$191.1M
$432.2M
Stockholders' EquityBook value
$-110.2M
$452.4M
Total Assets
$139.8M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPS
ASPS
RMAX
RMAX
Q4 25
$26.6M
$118.7M
Q3 25
$28.6M
$107.5M
Q2 25
$30.0M
$94.3M
Q1 25
$30.8M
$89.1M
Q4 24
$29.8M
$96.6M
Q3 24
$28.3M
$83.8M
Q2 24
$29.7M
$66.1M
Q1 24
$29.6M
$82.1M
Total Debt
ASPS
ASPS
RMAX
RMAX
Q4 25
$191.1M
$432.2M
Q3 25
$192.5M
$433.3M
Q2 25
$193.9M
$434.4M
Q1 25
$195.0M
$435.3M
Q4 24
$230.5M
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
ASPS
ASPS
RMAX
RMAX
Q4 25
$-110.2M
$452.4M
Q3 25
$-104.2M
$448.1M
Q2 25
$-102.7M
$442.4M
Q1 25
$-119.8M
$433.5M
Q4 24
$-157.4M
$429.5M
Q3 24
$-149.4M
$423.1M
Q2 24
$-140.8M
$418.4M
Q1 24
$-133.3M
$412.0M
Total Assets
ASPS
ASPS
RMAX
RMAX
Q4 25
$139.8M
$582.5M
Q3 25
$139.9M
$582.2M
Q2 25
$142.9M
$574.8M
Q1 25
$145.7M
$571.4M
Q4 24
$143.6M
$581.6M
Q3 24
$144.5M
$578.6M
Q2 24
$146.6M
$571.4M
Q1 24
$148.9M
$566.7M
Debt / Equity
ASPS
ASPS
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$-505.0K
$40.9M
Free Cash FlowOCF − Capex
$-525.0K
$33.5M
FCF MarginFCF / Revenue
-1.2%
47.1%
Capex IntensityCapex / Revenue
0.0%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-5.1M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPS
ASPS
RMAX
RMAX
Q4 25
$-505.0K
$40.9M
Q3 25
$718.0K
$17.7M
Q2 25
$-306.0K
$4.6M
Q1 25
$-5.0M
$5.7M
Q4 24
$-1.4M
$59.7M
Q3 24
$-1.6M
$17.6M
Q2 24
$180.0K
$15.9M
Q1 24
$-2.2M
$9.4M
Free Cash Flow
ASPS
ASPS
RMAX
RMAX
Q4 25
$-525.0K
$33.5M
Q3 25
$697.0K
$16.4M
Q2 25
$-309.0K
$2.9M
Q1 25
$-5.0M
$4.0M
Q4 24
$-1.4M
$53.0M
Q3 24
$16.3M
Q2 24
$14.0M
Q1 24
$6.8M
FCF Margin
ASPS
ASPS
RMAX
RMAX
Q4 25
-1.2%
47.1%
Q3 25
1.7%
22.4%
Q2 25
-0.7%
4.0%
Q1 25
-11.5%
5.3%
Q4 24
-3.4%
73.2%
Q3 24
20.8%
Q2 24
17.8%
Q1 24
8.6%
Capex Intensity
ASPS
ASPS
RMAX
RMAX
Q4 25
0.0%
10.4%
Q3 25
0.1%
1.8%
Q2 25
0.0%
2.2%
Q1 25
0.1%
2.3%
Q4 24
0.0%
9.1%
Q3 24
0.0%
1.7%
Q2 24
0.0%
2.4%
Q1 24
0.0%
3.3%
Cash Conversion
ASPS
ASPS
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
-0.02×
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
4.29×
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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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