NASDAQ · Financial Statements

Better Home & Finance Holding Company (BETR) Financial Statements

$16.72 NASDAQ: BETR Market Cap $221.64M

Better Home & Finance Holding Company most recently reported annual revenue of $191.0M, a net loss of $166.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Better Home & Finance Holding Company: Revenue rose from $184.0M in 2015 to $191.0M in 2025, a change of +3.8% over 7 years; net profit was positive in 2 of 8 reported years; operating margin moved from 19.9% to -64.3%, a shift of -84.2 percentage points; the most recent year shows a net loss of $166.0M.

Income Statement — 8 Years (USD millions)

Metric	2015	2016	2020	2021	2022	2023	2024	2025
Revenue	$184.0M	$271.0M	$0	$1.3B	$395.0M	$89.0M	$120.0M	$191.0M
Operating Expenses	$147.0M	$210.0M	$0	$1.6B	$1.3B	$380.0M	$308.0M	$314.0M
Operating Profit	$37.0M	$60.0M	$0	$-240.0M	$-859.0M	$-291.0M	$-188.0M	$-123.0M
Operating Margin	19.9%	22.3%	0.0%	-18.3%	-217.4%	-329.1%	-156.6%	-64.3%
Other Income	$-12.0M	$-18.0M	$0	$-64.0M	$-17.0M	$-243.0M	$-17.0M	$-43.0M
Interest	$12.0M	$23.0M	$0	$101.0M	$303.0M	$32.0M	$0	$43.0M
Depreciation	$5.0M	$9.0M	$0	$27.0M	$49.0M	$43.0M	$33.0M	$14.0M
Profit Before Tax	$24.0M	$43.0M	$0	$-304.0M	$-876.0M	$-534.0M	$-205.0M	$-166.0M
Tax	$59.2M	$36.0M	$0	$790,000	$-130,000	$-370,000	$-410,000	$-30,000
Net Profit	$10.0M	$27.0M	$0	$-301.0M	$-877.0M	$-536.0M	$-206.0M	$-166.0M
EPS	$0.13	$0.38	$-3656.31	$-0.41	$-1.21	$-1.16	$-13.65	$-10.82
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$20.0M	$11.0M	$27.0M	$28.0M	$27.0M	$47.0M	$35.0M	$51.0M	$44.0M	$53.0M	$53.0M	$61.0M
Operating Expenses	$112.0M	$78.0M	$79.0M	$73.0M	$84.0M	$74.0M	$85.0M	$78.0M	$70.0M	$79.0M	$98.0M	$87.0M
Operating Profit	$-92.0M	$-67.0M	$-52.0M	$-44.0M	$-57.0M	$-27.0M	$-50.0M	$-27.0M	$-26.0M	$-26.0M	$-45.0M	$-26.0M
Operating Margin	-457.9%	-587.5%	-190.1%	-155.4%	-213.9%	-56.4%	-144.3%	-52.0%	-58.7%	-49.1%	-84.9%	-42.1%
Interest	$15.0M	$4.0M	$0	$3.0M	$0	$0	$0	$10.0M	$12.0M	$14.0M	$6.0M	$6.0M
Profit Before Tax	$-353.0M	$-62.0M	$-51.0M	$-41.0M	$-54.0M	$-59.0M	$-50.0M	$-36.0M	$-39.0M	$-40.0M	$-51.0M	$-31.0M
Tax	$-190,000	$880,000	$-280,000	$-490,000	$-230,000	$-640,000	$-290,000	$-260,000	$-370,000	$820,000	$3.1M	$-200,000
Net Profit	$-354.0M	$-61.0M	$-51.0M	$-41.0M	$-54.0M	$-59.0M	$-51.0M	$-36.0M	$-39.0M	$-40.0M	$-70.0M	$-31.0M
EPS	$-0.68	$-0.12	$-0.20	$-0.16	$-3.58	$-3.90	$-3.33	$-2.39	$-2.56	$-2.54	$-4.28	$-1.64

Over the 8 years reported for Better Home & Finance Holding Company, borrowings increased from $17.0M in 2015 to $615.0M in 2025, cash stood at $117.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.58 times.

Balance Sheet — 8 Years (USD millions)

Metric	2015	2016	2020	2021	2022	2023	2024	2025
Total Assets	$361.0M	$838.0M	—	$3.3B	$1.1B	$906.0M	$913.0M	$1.5B
Current Assets	$39.0M	$79.0M	—	$3.1B	$694.0M	$792.0M	$862.0M	$241.0M
Cash	$19.0M	$10.0M	—	$938.0M	$318.0M	$504.0M	$211.0M	$117.0M
Inventory	$7.0M	$18.0M	—	$1.0M	$1.0M	$0	$502.0M	$0
Receivables	$12.0M	$43.0M	—	$1.0M	$301.0M	$35.0M	$32.0M	$21.0M
Fixed Assets	$2.0M	$46.0M	—	$98.0M	$70.0M	$36.0M	$4.0M	$7.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$-279.0M	$0	$26.0M	$54.0M	$832.0M
Other Assets	$47.0M	$152.0M	—	$20.0M	$17.0M	$32.0M	$24.0M	$11.0M
Total Liabilities	$345.0M	$787.0M	—	$2.6B	$1.3B	$783.0M	$971.0M	$1.5B
Current Liabilities	$59.0M	$60.0M	—	$2.3B	$265.0M	$208.0M	$436.0M	$416.0M
Borrowings	$17.0M	$8.0M	$0	$2.4B	$1.1B	$672.0M	$768.0M	$615.0M
Other Liabilities	$329.0M	$779.0M	—	$255.0M	$155.0M	$111.0M	$203.0M	$853.0M
Equity	$0	$0	—	$0	$0	$0	$0	$0
Reserves	$15.0M	$52.0M	—	$676.0M	$-168.0M	$123.0M	$-58.0M	$37.0M

For Better Home & Finance Holding Company, operating cash flow was positive in 3 of 8 reported years; free cash flow in the latest year was negative at $233.0M; free cash flow was positive in 3 of 8 years.

Cash Flow Statement — 8 Years (USD millions)

Metric	2015	2016	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$47.0M	$-1.0M	$0	$361.0M	$938.0M	$-160.0M	$-380.0M	$-232.0M
Investing Cash Flow	$-9.0M	$-394.0M	$0	$-415.0M	$-70.0M	$-57.0M	$-154.0M	$-597.0M
Financing Cash Flow	$-44.0M	$371.0M	$0	$16.0M	$-7.0M	$2.0M	$122.0M	$0
Net Cash Flow	$13.0M	$-8.0M	$0	$597.0M	$-633.0M	$182.0M	$-293.0M	$-119.0M
Free Cash Flow	$46.0M	$-7.0M	$0	$293.0M	$903.0M	$-169.0M	$-390.0M	$-233.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.06
EV / EBITDA	-6.55
FCF Yield	-135.45%
Quick Ratio	0.28
Interest Coverage	-3.22
Return 1Y	47.90%
Return 3Y	-95.80%
Return 5Y	-95.09%

Better Home & Finance Holding Company (BETR) financials — frequently asked questions

What is Better Home & Finance Holding Company's annual revenue?

Better Home & Finance Holding Company (BETR) reported annual revenue of $191.0M in its most recent fiscal year.

What is Better Home & Finance Holding Company's net profit?

Better Home & Finance Holding Company (BETR) reported a net loss of $166.0M in its most recent fiscal year.

What is BETR EV/EBITDA?

Better Home & Finance Holding Company's enterprise value to EBITDA (EV/EBITDA) ratio is -6.55. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

Related stock screens

High ROE Financial Services Stocks Low P/E Financial Services Stocks High Net Margin Financial Services Stocks Dividend Financial Services Stocks Low Debt Financial Services Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks Nasdaq High ROE Stocks All stock screens

BETR Overview BETR Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.