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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2023
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, as well as eliminations between reportable segments.
Financial information for our segments is as follows:
 
Three months ended June 30, 2023
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$26,848 $8,387 $— $35,235 
Cost of revenue18,038 8,018 3,647 29,703 
Gross profit (loss) 8,810 369 (3,647)5,532 
Selling, general and administrative expenses2,638 2,350 7,353 12,341 
Income (loss) from operations6,172 (1,981)(11,000)(6,809)
Total other income (expense), net— — (11,389)(11,389)
Income (loss) before income taxes and
non-controlling interests
$6,172 $(1,981)$(22,389)$(18,198)
 
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)
 
Six months ended June 30, 2023
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$58,793 $15,903 $— $74,696 
Cost of revenue37,763 15,472 7,425 60,660 
Gross profit (loss)21,030 431 (7,425)14,036 
Selling, general and administrative expenses4,939 4,076 15,420 24,435 
Income (loss) from operations16,091 (3,645)(22,845)(10,399)
Total other income (expense), net— — (19,137)(19,137)
Income (loss) before income taxes and
non-controlling interests
$16,091 $(3,645)$(41,982)$(29,536)
 
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)
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Total assets:
June 30, 2023$57,808 $54,598 $52,150 $164,556 
December 31, 202263,696 53,984 77,325 195,005