XML 60 R50.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENT REPORTING (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information of Segments | Financial Information Financial information for our segments is as follows:
|  | Three months ended March 31, 2025
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Revenue |  | $ | 35,157 |  |  | $ | 8,282 |  |  | $ | — |  |  | $ | 43,439 |
Cost of revenue |  | 21,861 |  |  | 6,690 |  |  | 1,563 |  |  | 30,114 |
Gross profit (loss) |  | 13,296 |  |  | 1,592 |  |  | (1,563) |  |  | 13,325 |
Selling, general and administrative expenses 1 |  | 2,340 |  |  | 1,665 |  |  | 6,075 |  |  | 10,080 |
Income (loss) from operations |  | 10,956 |  |  | (73) |  |  | (7,638) |  |  | 3,245 |
Other income (expense), net: |  |  |  |  |  |  |  |
Interest income (expense) |  | (33) |  |  | — |  |  | (4,905) |  |  | (4,938) |
Debt amendment costs |  | — |  |  | — |  |  | (2,980) |  |  | (2,980) |
Other, net 2 |  | 6 |  |  | — |  |  | 138 |  |  | 144 |
Total other income (expense), net |  | (27) |  |  | — |  |  | (7,747) |  |  | (7,774) |
Income (loss) before income taxes and non-controlling interests |  | $ | 10,929 |  |  | $ | (73) |  |  | $ | (15,385) |  |  | $ | (4,529) |
____________________________________________________ 1.Servicer and Real Estate and Origination selling, general and administrative expenses include $0.1 million and $0.1 million of other expenses primarily related to bad debt expense and other operating expenses, respectively. Corporate and Others selling, general and administrative expenses include $0.7 million of other expenses primarily related to other operating expenses. 2.Servicer and Real Estate other income is primarily interest income. Corporate and Others other income primarily include other non-operating gains and losses.
|  | Three months ended March 31, 2024
(in thousands) |  | Servicer and Real Estate |  | Origination |  | Corporate and Others |  | Consolidated Altisource
Revenue |  | $ | 31,502 |  |  | $ | 7,967 |  |  | $ | — |  |  | $ | 39,469 |
Cost of revenue |  | 19,132 |  |  | 6,133 |  |  | 1,900 |  |  | 27,165 |
Gross profit (loss) |  | 12,370 |  |  | 1,834 |  |  | (1,900) |  |  | 12,304 |
Selling, general and administrative expenses 1 |  | 3,098 |  |  | 1,959 |  |  | 7,795 |  |  | 12,852 |
Income (loss) from operations |  | 9,272 |  |  | (125) |  |  | (9,695) |  |  | (548) |
Other income (expense), net: |  |  |  |  |  |  |  |
Interest income (expense) |  | — |  |  | — |  |  | (9,529) |  |  | (9,529) |
Other, net 2 |  | — |  |  | — |  |  | 1,642 |  |  | 1,642 |
Total other income (expense), net |  | — |  |  | — |  |  | (7,887) |  |  | (7,887) |
Income (loss) before income taxes and non-controlling interests |  | $ | 9,272 |  |  | $ | (125) |  |  | $ | (17,582) |  |  | $ | (8,435) |
_________________________________________________ 1.Servicer and Real Estate and Origination selling, general and administrative expenses include $0.3 million and $0.5 million of other expenses primarily related to bad debt expense and other operating expenses, respectively. Corporate and Others selling, general and administrative expenses include $0.8 million of other expenses primarily related to other operating expenses. 2.Servicer and Real Estate other income is primarily interest income. 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: |  |  |  |  |  |  |  |
March 31, 2025 |  | $ | 59,315 |  |  | $ | 47,344 |  |  | $ | 39,000 |  |  | $ | 145,659 |
December 31, 2024 |  | 58,000 |  |  | 47,251 |  |  | 38,355 |  |  | 143,606 |

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