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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Financial Information of Segments

Financial information for our segments is as follows:

						Three months ended June 30, 2023
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	26,848					$	8,387					$	—					$	35,235
Cost of revenue						18,038						8,018						3,647						29,703
Gross profit (loss)						8,810						369						(3,647)						5,532
Selling, general and administrative expenses						2,638						2,350						7,353						12,341
Income (loss) from operations						6,172						(1,981)						(11,000)						(6,809)
Total other income (expense), net						—						—						(11,389)						(11,389)
Income (loss) before income taxes and non-controlling interests						$	6,172					$	(1,981)					$	(22,389)					$	(18,198)

						Three months ended June 30, 2022
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	31,947					$	8,474					$	—					$	40,421
Cost of revenue						22,413						9,245						4,697						36,355
Gross profit (loss)						9,534						(771)						(4,697)						4,066
Selling, general and administrative expenses						3,237						2,220						9,068						14,525
Income (loss) from operations						6,297						(2,991)						(13,765)						(10,459)
Total other income (expense), net						—						—						(3,341)						(3,341)
Income (loss) before income taxes and non-controlling interests						$	6,297					$	(2,991)					$	(17,106)					$	(13,800)

						Six months ended June 30, 2023
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	58,793					$	15,903					$	—					$	74,696
Cost of revenue						37,763						15,472						7,425						60,660
Gross profit (loss)						21,030						431						(7,425)						14,036
Selling, general and administrative expenses						4,939						4,076						15,420						24,435
Income (loss) from operations						16,091						(3,645)						(22,845)						(10,399)
Total other income (expense), net						—						—						(19,137)						(19,137)
Income (loss) before income taxes and non-controlling interests						$	16,091					$	(3,645)					$	(41,982)					$	(29,536)

						Six months ended June 30, 2022
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	60,483					$	19,454					$	—					$	79,937
Cost of revenue						42,153						18,552						9,519						70,224
Gross profit (loss)						18,330						902						(9,519)						9,713
Selling, general and administrative expenses						6,296						4,340						17,863						28,499
Income (loss) from operations						12,034						(3,438)						(27,382)						(18,786)
Total other income (expense), net						—						—						(6,157)						(6,157)
Income (loss) before income taxes and non-controlling interests						$	12,034					$	(3,438)					$	(33,539)					$	(24,943)

(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Total assets:
June 30, 2023						$	57,808					$	54,598					$	52,150					$	164,556
December 31, 2022						63,696						53,984						77,325						195,005

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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