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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Financial Information of Segments

Financial Information

Financial information for our segments is as follows:

						Three months ended September 30, 2024
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	32,549					$	7,982					$	—					$	40,531
Cost of revenue						20,509						6,312						1,640						28,461
Gross profit (loss)						12,040						1,670						(1,640)						12,070
Selling, general and administrative expenses						3,194						1,325						6,446						10,965
Income (loss) from operations						8,846						345						(8,086)						1,105
Total other income (expense), net						62						—						(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 Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	28,702					$	7,511					$	—					$	36,213
Cost of revenue						18,312						7,151						3,561						29,024
Gross profit (loss)						10,390						360						(3,561)						7,189
Selling, general and administrative expenses						1,966						1,797						6,971						10,734
Income (loss) from operations						8,424						(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 Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	95,175					$	23,946					$	—					$	119,121
Cost of revenue						58,357						18,801						4,872						82,030
Gross profit (loss)						36,818						5,145						(4,872)						37,091
Selling, general and administrative expenses						8,687						5,030						20,734						34,451
Income (loss) from operations						28,131						115						(25,606)						2,640
Total other income (expense), net						61						—						(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 Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	87,495					$	23,414					$	—					$	110,909
Cost of revenue						56,075						22,623						10,986						89,684
Gross profit (loss)						31,420						791						(10,986)						21,225
Selling, general and administrative expenses						6,905						5,873						22,391						35,169
Income (loss) from operations						24,515						(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 Estate						Origination						Corporate and Others						Consolidated Altisource
Total assets:
September 30, 2024						$	56,465					$	48,342					$	39,696					$	144,503
December 31, 2023						57,535						50,431						46,892						154,858

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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