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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Financial Information of Segments
Financial information for our segments is as follows:
 Three months ended June 30, 2022
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$31,947 $8,474 $— $40,421 
Cost of revenue22,413 9,245 4,697 36,355 
Gross profit (loss) 9,534 (771)(4,697)4,066 
Selling, general and administrative expenses3,237 2,220 9,068 14,525 
Income (loss) from operations6,297 (2,991)(13,765)(10,459)
Total other income (expense), net— — (3,341)(3,341)
Income (loss) before income taxes and
non-controlling interests
$6,297 $(2,991)$(17,106)$(13,800)
 Three months ended June 30, 2021
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$30,150 $14,926 $965 $46,041 
Cost of revenue22,204 12,881 8,952 44,037 
Gross profit (loss) 7,946 2,045 (7,987)2,004 
Selling, general and administrative expenses3,566 1,572 11,418 16,556 
Income (loss) from operations4,380 473 (19,405)(14,552)
Total other income (expense), net— (3,520)(3,518)
Income (loss) before income taxes and
non-controlling interests
$4,382 $473 $(22,925)$(18,070)
 
Six months ended June 30, 2022
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$60,483 $19,454 $— $79,937 
Cost of revenue42,153 18,552 9,519 70,224 
Gross profit (loss) 18,330 902 (9,519)9,713 
Selling, general and administrative expenses6,296 4,340 17,863 28,499 
Income (loss) from operations12,034 (3,438)(27,382)(18,786)
Total other income (expense), net— — (6,157)(6,157)
Income (loss) before income taxes and
non-controlling interests
$12,034 $(3,438)$(33,539)$(24,943)
 
Six months ended June 30, 2021
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$62,791 $32,193 $1,522 $96,506 
Cost of revenue47,975 27,167 19,053 94,195 
Gross profit (loss) 14,816 5,026 (17,531)2,311 
Selling, general and administrative expenses7,420 2,882 25,140 35,442 
Income (loss) from operations7,396 2,144 (42,671)(33,131)
Total other income (expense), net— (6,015)(6,011)
Income (loss) before income taxes and
non-controlling interests
$7,400 $2,144 $(48,686)$(39,142)
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Total assets:
June 30, 2022$76,651 $56,941 $91,247 $224,839 
December 31, 202161,832 59,741 136,235 257,808 
Schedule of Premises and Equipment, Net by Country
Our services are provided to customers primarily located in the United States. Premises and equipment, net consist of the following, by country:
(in thousands)June 30,
2022
December 31,
2021
Luxembourg$3,169 $3,883 
United States1,079 1,932 
India1,440 999 
Uruguay79 59 
Total$5,767 $6,873