SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Financial Information of Segments

Financial Information

Financial information for our segments is as follows:


	Three months ended June 30, 2024
(in thousands)	Servicer and Real Estate		Origination		Corporate and Others		Consolidated Altisource

Revenue	$	31,124	$	7,997	$	—	$	39,121
Cost of revenue	18,716		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 operations	10,013		(105)		(7,825)		2,083
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)

	Three months ended June 30, 2023
(in thousands)	Servicer and Real Estate		Origination		Corporate and Others		Consolidated Altisource

Revenue	$	26,848	$	8,387	$	—	$	35,235
Cost of revenue	18,038		8,018		3,647		29,703
Gross profit (loss)	8,810		369		(3,647)		5,532
Selling, general and administrative expenses	2,638		2,350		7,353		12,341
Income (loss) from operations	6,172		(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)

	Six months ended June 30, 2024
(in thousands)	Servicer and Real Estate		Origination		Corporate and Others		Consolidated Altisource

Revenue	$	62,626	$	15,964	$	—	$	78,590
Cost of revenue	37,848		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 operations	19,285		(230)		(17,520)		1,535
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)


	Six months ended June 30, 2023
(in thousands)	Servicer and Real Estate		Origination		Corporate and Others		Consolidated Altisource

Revenue	$	58,793	$	15,903	$	—	$	74,696
Cost of revenue	37,763		15,472		7,425		60,660
Gross profit (loss)	21,030		431		(7,425)		14,036
Selling, general and administrative expenses	4,939		4,076		15,420		24,435
Income (loss) from operations	16,091		(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)

Total Assets

Total assets for our segments are as follows:


(in thousands)	Servicer and Real Estate		Origination		Corporate and Others		Consolidated Altisource

Total assets:
June 30, 2024	$	57,411	$	48,550	$	40,596	$	146,557
December 31, 2023	57,535		50,431		46,892		154,858