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v3.23.1

SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Financial Information of Segments | Financial information for our segments is as follows:
|  | Three months ended March 31, 2023
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Revenue |  | $ | 31,945 |  |  | $ | 7,516 |  |  | $ | — |  |  | $ | 39,461 |
Cost of revenue |  | 19,725 |  |  | 7,454 |  |  | 3,778 |  |  | 30,957 |
Gross profit (loss) |  | 12,220 |  |  | 62 |  |  | (3,778) |  |  | 8,504 |
Selling, general and administrative expenses |  | 2,301 |  |  | 1,726 |  |  | 8,067 |  |  | 12,094 |
Income (loss) from operations |  | 9,919 |  |  | (1,664) |  |  | (11,845) |  |  | (3,590) |
Total other income (expense), net |  | — |  |  | — |  |  | (7,748) |  |  | (7,748) |
Income (loss) before income taxes and non-controlling interests |  | $ | 9,919 |  |  | $ | (1,664) |  |  | $ | (19,593) |  |  | $ | (11,338) |
|  | Three months ended March 31, 2022
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Revenue |  | $ | 28,536 |  |  | $ | 10,980 |  |  | $ | — |  |  | $ | 39,516 |
Cost of revenue |  | 19,740 |  |  | 9,307 |  |  | 4,822 |  |  | 33,869 |
Gross profit (loss) |  | 8,796 |  |  | 1,673 |  |  | (4,822) |  |  | 5,647 |
Selling, general and administrative expenses |  | 3,059 |  |  | 2,120 |  |  | 8,795 |  |  | 13,974 |
Income (loss) from operations |  | 5,737 |  |  | (447) |  |  | (13,617) |  |  | (8,327) |
Total other income (expense), net |  | — |  |  | — |  |  | (2,816) |  |  | (2,816) |
Income (loss) before income taxes and non-controlling interests |  | $ | 5,737 |  |  | $ | (447) |  |  | $ | (16,433) |  |  | $ | (11,143) |
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Total assets: |  |  |  |  |  |  |  |
March 31, 2023 |  | $ | 61,898 |  |  | $ | 54,681 |  |  | $ | 61,004 |  |  | $ | 177,583 |
December 31, 2022 |  | 63,696 |  |  | 53,984 |  |  | 77,325 |  |  | 195,005 |
Schedule of Premises and Equipment, Net by Country | Premises and equipment, net consist of the following, by country:
(in thousands) |  | March 31, 2023 |  | December 31, 2022
Luxembourg |  | $ | 2,117 |  |  | $ | 2,455 |
India |  | 960 |  |  | 1,129 |
United States |  | 376 |  |  | 586 |
Uruguay |  | 47 |  |  | 52 |
Total |  | $ | 3,500 |  |  | $ | 4,222 |

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- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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