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

ALTISOURCE PORTFOLIO SOLUTIONS S.A. is the larger business by last-quarter revenue ($42.3M vs $32.4M, roughly 1.3× Xtant Medical Holdings, Inc.). Xtant Medical Holdings, Inc. runs the higher net margin — 0.2% vs -16.8%, a 17.0% gap on every dollar of revenue. On growth, ALTISOURCE PORTFOLIO SOLUTIONS S.A. posted the faster year-over-year revenue change (3.2% vs 2.7%). Xtant Medical Holdings, Inc. produced more free cash flow last quarter ($5.0M vs $-525.0K). Over the past eight quarters, Xtant Medical Holdings, Inc.'s revenue compounded faster (7.7% CAGR vs 3.6%).

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.

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

ASPS vs XTNT — Head-to-Head

Bigger by revenue
ASPS
ASPS
1.3× larger
ASPS
$42.3M
$32.4M
XTNT
Growing faster (revenue YoY)
ASPS
ASPS
+0.6% gap
ASPS
3.2%
2.7%
XTNT
Higher net margin
XTNT
XTNT
17.0% more per $
XTNT
0.2%
-16.8%
ASPS
More free cash flow
XTNT
XTNT
$5.5M more FCF
XTNT
$5.0M
$-525.0K
ASPS
Faster 2-yr revenue CAGR
XTNT
XTNT
Annualised
XTNT
7.7%
3.6%
ASPS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASPS
ASPS
XTNT
XTNT
Revenue
$42.3M
$32.4M
Net Profit
$-7.1M
$57.0K
Gross Margin
26.5%
54.9%
Operating Margin
-15.5%
-2.9%
Net Margin
-16.8%
0.2%
Revenue YoY
3.2%
2.7%
Net Profit YoY
18.2%
101.8%
EPS (diluted)
$-1.02
$0.00

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
XTNT
XTNT
Q4 25
$42.3M
$32.4M
Q3 25
$41.9M
$33.3M
Q2 25
$43.3M
$35.4M
Q1 25
$43.4M
$32.9M
Q4 24
$41.0M
$31.5M
Q3 24
$40.5M
$27.9M
Q2 24
$39.1M
$29.9M
Q1 24
$39.5M
$27.9M
Net Profit
ASPS
ASPS
XTNT
XTNT
Q4 25
$-7.1M
$57.0K
Q3 25
$-2.3M
$1.3M
Q2 25
$16.7M
$3.5M
Q1 25
$-5.3M
$58.0K
Q4 24
$-8.7M
$-3.2M
Q3 24
$-9.3M
$-5.0M
Q2 24
$-8.3M
$-3.9M
Q1 24
$-9.2M
$-4.4M
Gross Margin
ASPS
ASPS
XTNT
XTNT
Q4 25
26.5%
54.9%
Q3 25
27.1%
66.1%
Q2 25
30.1%
68.6%
Q1 25
30.7%
61.5%
Q4 24
30.3%
50.9%
Q3 24
29.8%
58.4%
Q2 24
32.5%
62.1%
Q1 24
31.2%
62.1%
Operating Margin
ASPS
ASPS
XTNT
XTNT
Q4 25
-15.5%
-2.9%
Q3 25
1.2%
7.6%
Q2 25
7.5%
13.1%
Q1 25
7.5%
3.2%
Q4 24
1.4%
-6.0%
Q3 24
2.7%
-13.5%
Q2 24
5.3%
-9.8%
Q1 24
-1.4%
-12.4%
Net Margin
ASPS
ASPS
XTNT
XTNT
Q4 25
-16.8%
0.2%
Q3 25
-5.5%
3.9%
Q2 25
38.5%
10.0%
Q1 25
-12.1%
0.2%
Q4 24
-21.3%
-10.0%
Q3 24
-23.0%
-18.0%
Q2 24
-21.1%
-12.9%
Q1 24
-23.2%
-15.8%
EPS (diluted)
ASPS
ASPS
XTNT
XTNT
Q4 25
$-1.02
$0.00
Q3 25
$-0.22
$0.01
Q2 25
$1.48
$0.02
Q1 25
$-0.09
$0.00
Q4 24
$-4.72
$-0.02
Q3 24
$-2.61
$-0.04
Q2 24
$-2.33
$-0.03
Q1 24
$-0.33
$-0.03

Balance Sheet & Financial Strength

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

Metric
ASPS
ASPS
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$26.6M
$17.1M
Total DebtLower is stronger
$191.1M
$11.0M
Stockholders' EquityBook value
$-110.2M
$51.0M
Total Assets
$139.8M
$94.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPS
ASPS
XTNT
XTNT
Q4 25
$26.6M
$17.1M
Q3 25
$28.6M
$10.4M
Q2 25
$30.0M
$6.9M
Q1 25
$30.8M
$5.0M
Q4 24
$29.8M
$6.2M
Q3 24
$28.3M
$6.6M
Q2 24
$29.7M
$5.4M
Q1 24
$29.6M
$4.5M
Total Debt
ASPS
ASPS
XTNT
XTNT
Q4 25
$191.1M
$11.0M
Q3 25
$192.5M
$17.4M
Q2 25
$193.9M
$22.3M
Q1 25
$195.0M
$22.2M
Q4 24
$230.5M
$22.0M
Q3 24
$19.1M
Q2 24
$21.8M
Q1 24
$16.8M
Stockholders' Equity
ASPS
ASPS
XTNT
XTNT
Q4 25
$-110.2M
$51.0M
Q3 25
$-104.2M
$50.4M
Q2 25
$-102.7M
$48.5M
Q1 25
$-119.8M
$43.9M
Q4 24
$-157.4M
$43.0M
Q3 24
$-149.4M
$45.7M
Q2 24
$-140.8M
$45.0M
Q1 24
$-133.3M
$47.7M
Total Assets
ASPS
ASPS
XTNT
XTNT
Q4 25
$139.8M
$94.1M
Q3 25
$139.9M
$106.3M
Q2 25
$142.9M
$103.5M
Q1 25
$145.7M
$95.8M
Q4 24
$143.6M
$93.8M
Q3 24
$144.5M
$98.9M
Q2 24
$146.6M
$95.6M
Q1 24
$148.9M
$93.9M
Debt / Equity
ASPS
ASPS
XTNT
XTNT
Q4 25
0.22×
Q3 25
0.35×
Q2 25
0.46×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
0.42×
Q2 24
0.48×
Q1 24
0.35×

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
XTNT
XTNT
Operating Cash FlowLast quarter
$-505.0K
$5.4M
Free Cash FlowOCF − Capex
$-525.0K
$5.0M
FCF MarginFCF / Revenue
-1.2%
15.4%
Capex IntensityCapex / Revenue
0.0%
1.2%
Cash ConversionOCF / Net Profit
94.39×
TTM Free Cash FlowTrailing 4 quarters
$-5.1M
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPS
ASPS
XTNT
XTNT
Q4 25
$-505.0K
$5.4M
Q3 25
$718.0K
$4.6M
Q2 25
$-306.0K
$1.3M
Q1 25
$-5.0M
$1.3M
Q4 24
$-1.4M
$665.0K
Q3 24
$-1.6M
$-1.7M
Q2 24
$180.0K
$-5.1M
Q1 24
$-2.2M
$-5.8M
Free Cash Flow
ASPS
ASPS
XTNT
XTNT
Q4 25
$-525.0K
$5.0M
Q3 25
$697.0K
$4.2M
Q2 25
$-309.0K
$910.0K
Q1 25
$-5.0M
$87.0K
Q4 24
$-1.4M
$-7.0K
Q3 24
$-3.8M
Q2 24
$-5.7M
Q1 24
$-6.5M
FCF Margin
ASPS
ASPS
XTNT
XTNT
Q4 25
-1.2%
15.4%
Q3 25
1.7%
12.6%
Q2 25
-0.7%
2.6%
Q1 25
-11.5%
0.3%
Q4 24
-3.4%
-0.0%
Q3 24
-13.7%
Q2 24
-18.9%
Q1 24
-23.4%
Capex Intensity
ASPS
ASPS
XTNT
XTNT
Q4 25
0.0%
1.2%
Q3 25
0.1%
1.3%
Q2 25
0.0%
1.0%
Q1 25
0.1%
3.6%
Q4 24
0.0%
2.1%
Q3 24
0.0%
7.5%
Q2 24
0.0%
1.9%
Q1 24
0.0%
2.8%
Cash Conversion
ASPS
ASPS
XTNT
XTNT
Q4 25
94.39×
Q3 25
3.53×
Q2 25
-0.02×
0.36×
Q1 25
22.03×
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%

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

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