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SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our business segments are based upon our organizational structure, which focuses primarily on the services offered, and are consistent with the internal reporting used by our Chief Executive Officer (our chief operating decision maker) to evaluate operating performance and to assess the allocation of our resources.
We conduct our operations through two reportable segments: Servicer and Real Estate and Origination. In addition, we report Corporate and Others separately.
The Servicer and Real Estate segment provides loan servicers and real estate investors with solutions and technologies that span the mortgage and real estate lifecycle. The Origination segment provides originators with solutions and technologies that span the mortgage origination lifecycle. Corporate and Others includes interest expense and costs related to corporate functions including executive, infrastructure and certain technology groups, finance, law, compliance, human resources, vendor management, facilities, risk management, and eliminations between reportable segments.
Financial Information
Financial information for our segments is as follows:
 Three months ended September 30, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$32,549 $7,982 $— $40,531 
Cost of revenue20,509 6,312 1,640 28,461 
Gross profit (loss) 12,040 1,670 (1,640)12,070 
Selling, general and administrative expenses3,194 1,325 6,446 10,965 
Income (loss) from operations8,846 345 (8,086)1,105 
Total other income (expense), net62 — (9,660)(9,598)
Income (loss) before income taxes and non-controlling interests$8,908 $345 $(17,746)$(8,493)
Three months ended September 30, 2023
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$28,702 $7,511 $— $36,213 
Cost of revenue18,312 7,151 3,561 29,024 
Gross profit (loss) 10,390 360 (3,561)7,189 
Selling, general and administrative expenses1,966 1,797 6,971 10,734 
Income (loss) from operations8,424 (1,437)(10,532)(3,545)
Total other income (expense), net— — (7,317)(7,317)
Income (loss) before income taxes and non-controlling interests$8,424 $(1,437)$(17,849)$(10,862)
Nine months ended September 30, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$95,175 $23,946 $— $119,121 
Cost of revenue58,357 18,801 4,872 82,030 
Gross profit (loss)36,818 5,145 (4,872)37,091 
Selling, general and administrative expenses8,687 5,030 20,734 34,451 
Income (loss) from operations28,131 115 (25,606)2,640 
Total other income (expense), net61 — (27,195)(27,134)
Income (loss) before income taxes and non-controlling interests$28,192 $115 $(52,801)$(24,494)
 
Nine months ended September 30, 2023
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$87,495 $23,414 $— $110,909 
Cost of revenue56,075 22,623 10,986 89,684 
Gross profit (loss) 31,420 791 (10,986)21,225 
Selling, general and administrative expenses6,905 5,873 22,391 35,169 
Income (loss) from operations24,515 (5,082)(33,377)(13,944)
Total other income (expense), net— — (26,454)(26,454)
Income (loss) before income taxes and non-controlling interests$24,515 $(5,082)$(59,831)$(40,398)
Total Assets
Total assets for our segments are as follows:
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Total assets:
September 30, 2024$56,465 $48,342 $39,696 $144,503 
December 31, 202357,535 50,431 46,892 154,858