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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 expenses1						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, net2						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 expenses1						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, net2						—						—						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

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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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