ALTISOURCE PORTFOLIO SOLUTIONS S.A.ASPS

ALTISOURCE PORTFOLIO SOLUTIONS S.A. Segments Disclosure

10-KFiled Mar 4, 20263 min read
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:
 
For the year ended December 31, 2025
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$134,837 $36,138 $— $170,975 
Cost of revenue86,752 28,861 6,452 122,065 
Gross profit (loss) 48,085 7,277 (6,452)48,910 
Selling, general and administrative expenses7,503 7,162 26,311 40,976 
Litigation settlement loss (Note 22)7,517 — — 7,517 
Income (loss) from operations33,065 115 (32,763)417 
Other income (expense), net:
Interest income (expense)(119)(5)(12,049)(12,173)
Debt amendment costs— — (3,646)(3,646)
Other, net1
347 — 909 1,256 
Total other income (expense), net228 (5)(14,786)(14,563)
Income (loss) before income taxes and non-controlling interests$33,293 $110 $(47,549)$(14,146)
1.Servicer and Real Estate other income is primarily interest income. Corporate and Others other income primarily include other non-operating gains and losses.
 
For the year ended December 31, 2024
(in thousands)Servicer and Real EstateOriginationCorporate and OthersConsolidated Altisource
Revenue$128,950 $31,184 $— $160,134 
Cost of revenue79,631 24,473 6,501 110,605 
Gross profit (loss) 49,319 6,711 (6,501)49,529 
Selling, general and administrative expenses11,421 6,584 27,615 45,620 
Loss on sale of business1
— — 685 685 
Income (loss) from operations37,898 127 (34,801)3,224 
Other income (expense), net
Interest income (expense)(30)— (38,847)(38,877)
Other, net2
150 — 2,636 2,786 
Total other income (expense), net120 — (36,211)(36,091)
Income (loss) before income taxes and non-controlling interests$38,018 $127 $(71,012)$(32,867)
1.Loss on sale of business includes a $0.7 million loss in connection with the indemnity escrow from the Pointillist sale.
2.Servicer and Real Estate other income is primarily interest income. 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:
December 31, 2025$56,545 $47,271 $35,985 $139,801 
December 31, 202458,000 47,251 38,355 143,606 

Historical Timeline

Fiscal YearFiled
2025Mar 4, 2026Showing above
2024Mar 31, 2025
2023Mar 7, 2024
2022Mar 30, 2023
2018Feb 26, 2019
2017Feb 22, 2018
2016Feb 16, 2017
2015Mar 15, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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