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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2025
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.
Income (loss) before income taxes and non-controlling interests is the measure of segment profit and loss that is determined in accordance with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements and used by the chief operating decision maker to evaluate segment results.
Financial Information
Financial information for our segments is as follows:
Three months ended June 30, 2025
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$34,198 $9,090 $— $43,288 
Cost of revenue21,886 6,779 1,596 30,261 
Gross profit (loss) 12,312 2,311 (1,596)13,027 
Selling, general and administrative expenses
1,023 1,758 7,015 9,796 
Income (loss) from operations11,289 553 (8,611)3,231 
Other income (expense), net:
Interest income (expense)(34)— (2,581)(2,615)
Debt amendment costs— — (472)(472)
Other, net1
16 — 27 43 
Total other income (expense), net(18)— (3,026)(3,044)
Income (loss) before income taxes and non-controlling interests$11,271 $553 $(11,637)$187 
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1.Corporate and Others other income primarily include other non-operating gains and losses.
Three months ended June 30, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$31,124 $7,997 $— $39,121 
Cost of revenue18,716 6,356 1,332 26,404 
Gross profit (loss) 12,408 1,641 (1,332)12,717 
Selling, general and administrative expenses
2,395 1,746 6,493 10,634 
Income (loss) from operations10,013 (105)(7,825)2,083 
Other income (expense), net:
Interest income (expense)(1)— (9,787)(9,788)
Other, net1
— — 139 139 
Total other income (expense), net(1)— (9,648)(9,649)
Income (loss) before income taxes and non-controlling interests$10,012 $(105)$(17,473)$(7,566)
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1.Corporate and Others other income primarily include other non-operating gains and losses.
Six months ended June 30, 2025
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$69,355 $17,372 $— $86,727 
Cost of revenue43,747 13,469 3,159 60,375 
Gross profit (loss)25,608 3,903 (3,159)26,352 
Selling, general and administrative expenses
3,363 3,423 13,090 19,876 
Income (loss) from operations22,245 480 (16,249)6,476 
Other income (expense), net:
Interest income (expense)(67)— (7,486)(7,553)
Debt amendment costs— — (3,452)(3,452)
Other, net1
22 — 165 187 
Total other income (expense), net(45)— (10,773)(10,818)
Income (loss) before income taxes and non-controlling interests$22,200 $480 $(27,022)$(4,342)
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1.Corporate and Others other income primarily include other non-operating gains and losses.
 
Six months ended June 30, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$62,626 $15,964 $— $78,590 
Cost of revenue37,848 12,489 3,232 53,569 
Gross profit (loss) 24,778 3,475 (3,232)25,021 
Selling, general and administrative expenses
5,493 3,705 14,288 23,486 
Income (loss) from operations19,285 (230)(17,520)1,535 
Other income (expense), net:
Interest income (expense)(1)— (19,316)(19,317)
Other, net1
— — 1,781 1,781 
Total other income (expense), net(1)— (17,535)(17,536)
Income (loss) before income taxes and non-controlling interests$19,284 $(230)$(35,055)$(16,001)
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1.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 EstateOriginationCorporate and OthersConsolidated Altisource
Total assets:
June 30, 2025$60,383 $47,167 $35,391 $142,941 
December 31, 202458,000 47,251 38,355 143,606