XML 72 R57.htm IDEA: XBRL DOCUMENT v3.25.1

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of financial information of segments

Financial information for our segments is as follows:

						For the year ended December 31, 2024
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	128,950					$	31,184					$	—					$	160,134
Cost of revenue						79,631						24,473						6,501						110,605
Gross profit (loss)						49,319						6,711						(6,501)						49,529
Selling, general and administrative expenses1						11,421						6,584						27,615						45,620
Loss on sale of business2						—						—						685						685
Income (loss) from operations						37,898						127						(34,801)						3,224
Other income (expense), net:
Interest income (expense)						(30)						—						(38,847)						(38,877)
Other, net3						150						—						2,636						2,786
Total other income (expense), net						120						—						(36,211)						(36,091)
Income (loss) before income taxes and non-controlling interests						$	38,018					$	127					$	(71,012)					$	(32,867)

1.Servicer and Real Estate and Origination selling, general and administrative expenses include $1.1 million and $1.0 million of other expenses primarily related to bad debt expense and other operating expenses. Corporate and Others selling, general and administrative expenses include $3.1 million of other expenses primarily related to other operating expenses.

2.Loss on sale of business includes a $0.7 million loss in connection with the indemnity escrow from the Pointillist sale.

3.Servicer and Real Estate other income is primarily interest income. Corporate and Others other income primarily include other non-operating gains and losses.

						For the year ended December 31, 2023
(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Revenue						$	115,467					$	29,599					$	—					$	145,066
Cost of revenue						73,746						27,946						13,722						115,414
Gross profit (loss)						41,721						1,653						(13,722)						29,652
Selling, general and administrative expenses1						9,622						7,693						29,105						46,420
Income (loss) from operations						32,099						(6,040)						(42,827)						(16,768)
Other income (expense), net
Interest income (expense)						—						—						(36,103)						(36,103)
Change in fair value of warrant liability						—						—						1,145						1,145
Debt amendment costs						—						—						(3,410)						(3,410)
Other, net2						—						—						2,788						2,788
Total other income (expense), net						—						—						(35,580)						(35,580)
Income (loss) before income taxes and non-controlling interests						$	32,099					$	(6,040)					$	(78,407)					$	(52,348)

1.Servicer and Real Estate and Origination Selling, general and administrative expenses include $0.7 million and $1.4 million of other expenses primarily related to bad debt expense and other operating expenses. Corporate and Others other selling, general and administrative expenses include $2.8 million of other expenses primarily related to other operating expenses.

2.Corporate and Others other income primarily include other non-operating gains and losses.

Total Assets

Total assets for our segments are as follows:

(in thousands)						Servicer and Real Estate						Origination						Corporate and Others						Consolidated Altisource
Total assets:
December 31, 2024						$	58,000					$	47,251					$	38,355					$	143,606
December 31, 2023						57,535						50,431						46,892						154,858

X

- 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration