EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2025

Basic (loss) earnings per share is computed by dividing net (loss) income available to common shareholders by the weighted average number of common shares outstanding for the period. For the three and nine months ended September 30, 2025, diluted earnings per share reflects the assumed conversion of all dilutive securities using the treasury stock method. For three and nine months ended September 30, 2025, diluted net (loss) earnings per share excludes all dilutive securities because their impact would be anti-dilutive, as described below. Basic and diluted (loss) earnings per share has been retroactively adjusted for all prior periods presented to reflect the effects of the Share Consolidation.

Basic and diluted (loss) earnings per share are calculated as follows:



	Three months ended September 30,				Nine months ended September 30,
(in thousands, except per share data)	2025		2024		2025		2024

Net (loss) income attributable to Altisource	$	(2,396)	$	(9,362)	$	8,842	$	(26,867)

Weighted average common shares outstanding, basic	10,988		3,584		9,755		3,559

Weighted average common shares outstanding, diluted	10,988		3,584		10,890		3,559

(Loss) earnings per share:
Basic	$	(0.22)	$	(2.61)	$	0.91	$	(7.55)
Diluted	$	(0.22)	$	(2.61)	$	0.81	$	(7.55)

For the nine months ended September 30, 2025 and 2024, 0.1 million and 0.3 million, respectively (3.0 million and 0.2 million for the third quarter of 2025 and 2024, respectively), stock options, warrants, restricted shares and RSUs were excluded from the computation of (loss) earnings per share, as a result of the following:

•For the nine months ended September 30, 2024, 0.1 million (2.9 million and 0.1 million for the third quarter of 2025 and 2024, respectively) (no comparative amount for the nine months ended September 30, 2025), stock options, warrants, restricted shares and RSUs were anti-dilutive and have been excluded from the computation of diluted (loss) earnings per share because the Company incurred a net loss

•For the nine months ended September 30, 2025 and 2024, less than 0.1 million and 0.1 million, respectively (less than 0.1 million for the third quarter of 2025 and 2024), stock options were anti-dilutive and have been excluded from the computation of diluted (loss) earnings per share because their exercise price was greater than the average market price of our common stock

•For the nine months ended September 30, 2025 and 2024, 0.1 million and 0.1 million, respectively (0.1 million and 0.1 million for the third quarter of 2025 and 2024, respectively), stock options, restricted shares and RSUs, which begin to vest upon the achievement of certain market criteria related to our common stock price, performance criteria and a total shareholder return compared to the market benchmark, have been excluded from the computation of diluted (loss) earnings per share because the achievement levels have not yet been met