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SEGMENT REPORTING
 9 Months Ended
Sep. 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 September 30, 2025
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$33,242 $8,666 $— $41,908 
Cost of revenue21,977 6,984 1,600 30,561 
Gross profit (loss) 11,265 1,682 (1,600)11,347 
Selling, general and administrative expenses2,344 2,040 6,442 10,826 
Income (loss) from operations8,921 (358)(8,042)521 
Other income (expense), net:
Interest income (expense)(30)— (2,338)(2,368)
Debt amendment costs— — (194)(194)
Other, net1
83 — 293 376 
Total other income (expense), net53 — (2,239)(2,186)
Income (loss) before income taxes and non-controlling interests$8,974 $(358)$(10,281)$(1,665)
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1.Corporate and Others other income primarily include other non-operating gains and losses.
Three months ended September 30, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$32,549 $7,982 $— $40,531 
Cost of revenue20,509 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 operations8,846 345 (8,086)1,105 
Other income (expense), net:
Interest income (expense)(12)— (9,948)(9,960)
Other, net1
74 — 288 362 
Total other income (expense), net62 — (9,660)(9,598)
Income (loss) before income taxes and non-controlling interests$8,908 $345 $(17,746)$(8,493)
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1.Corporate and Others other income primarily include other non-operating gains and losses.
Nine months ended September 30, 2025
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$102,597 $26,038 $— $128,635 
Cost of revenue65,724 20,453 4,759 90,936 
Gross profit (loss)36,873 5,585 (4,759)37,699 
Selling, general and administrative expenses
5,707 5,463 19,532 30,702 
Income (loss) from operations31,166 122 (24,291)6,997 
Other income (expense), net:
Interest income (expense)(97)— (9,824)(9,921)
Debt amendment costs— — (3,646)(3,646)
Other, net1
105 — 458 563 
Total other income (expense), net8 — (13,012)(13,004)
Income (loss) before income taxes and non-controlling interests$31,174 $122 $(37,303)$(6,007)
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1.Corporate and Others other income primarily include other non-operating gains and losses.
 
Nine months ended September 30, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$95,175 $23,946 $— $119,121 
Cost of revenue58,357 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 operations28,131 115 (25,606)2,640 
Other income (expense), net:
Interest income (expense)(13)— (29,264)(29,277)
Other, net1
74 — 2,069 2,143 
Total other income (expense), net61 — (27,195)(27,134)
Income (loss) before income taxes and non-controlling interests$28,192 $115 $(52,801)$(24,494)
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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:
September 30, 2025$58,652 $46,280 $34,978 $139,910 
December 31, 202458,000 47,251 38,355 143,606