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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information of Segments
Financial information for our segments is as follows:
 
Three months ended September 30, 2023
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$28,702 $7,511 $— $36,213 
Cost of revenue18,312 7,151 3,561 29,024 
Gross profit (loss) 10,390 360 (3,561)7,189 
Selling, general and administrative expenses1,966 1,797 6,971 10,734 
Income (loss) from operations8,424 (1,437)(10,532)(3,545)
Total other income (expense), net— — (7,317)(7,317)
Income (loss) before income taxes and
non-controlling interests
$8,424 $(1,437)$(17,849)$(10,862)
 
Three months ended September 30, 2022
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$30,866 $7,514 $— $38,380 
Cost of revenue22,082 7,654 4,651 34,387 
Gross profit (loss) 8,784 (140)(4,651)3,993 
Selling, general and administrative expenses2,931 2,399 9,226 14,556 
Income (loss) from operations5,853 (2,539)(13,877)(10,563)
Total other income (expense), net— (3,894)(3,890)
Income (loss) before income taxes and
non-controlling interests
$5,857 $(2,539)$(17,771)$(14,453)
 
Nine months ended September 30, 2023
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$87,495 $23,414 $— $110,909 
Cost of revenue56,075 22,623 10,986 89,684 
Gross profit (loss)31,420 791 (10,986)21,225 
Selling, general and administrative expenses6,905 5,873 22,391 35,169 
Income (loss) from operations24,515 (5,082)(33,377)(13,944)
Total other income (expense), net— — (26,454)(26,454)
Income (loss) before income taxes and
non-controlling interests
$24,515 $(5,082)$(59,831)$(40,398)
 
Nine months ended September 30, 2022
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$91,349 $26,968 $— $118,317 
Cost of revenue64,235 26,206 14,170 104,611 
Gross profit (loss) 27,114 762 (14,170)13,706 
Selling, general and administrative expenses9,227 6,739 27,089 43,055 
Income (loss) from operations17,887 (5,977)(41,259)(29,349)
Total other income (expense), net— (10,051)(10,047)
Income (loss) before income taxes and
non-controlling interests
$17,891 $(5,977)$(51,310)$(39,396)
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Total assets:
September 30, 2023$57,143 $51,191 $54,302 $162,636 
December 31, 202263,696 53,984 77,588 195,268