NASDAQ : BETR
Better Home & Finance Holding Company — Financial statements
Financials · Mortgage Finance · United States
Last price 20.84 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 395.93M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 59.73M | 60.27M | 38.99M | 29.03M | 26.71M | 89.63M |
| Total Interest Expense | 44.56M | 42.84M | 21.49M | 31.60M | 303.18M | 100.97M |
| Net Interest Income | 15.17M | 17.43M | 17.50M | -2.56M | -276.46M | -11.35M |
| Gain (Loss) on Sale of Loans & Receivables | 171.09M | 136.15M | 78.10M | 58.80M | ||
| Other Revenue | 6.79M | 11.30M | 12.89M | 16.11M | 368.37M | 1.22B |
| Revenue Before Loan Losses | 193.06M | 164.87M | 108.49M | 72.34M | 91.91M | 1.21B |
| Provision for Loan Losses | 105.60M | |||||
| Revenue | 193.06M | 164.87M | 108.49M | 72.34M | -13.70M | 1.21B |
| Salaries & Employee Benefits | 199.82M | 174.23M | 141.09M | 178.77M | 25.18M | 39.89M |
| Cost of Services Provided | 130.57M | 124.85M | 121.29M | 128.58M | 677.72M | 1.29B |
| Other Operating Expenses | 8.11M | 4.74M | -4.43M | 232.31M | 56.66M | 96.33M |
| Total Operating Expenses | 351.48M | 317.88M | 291.17M | 582.54M | 760.31M | 1.42B |
| Operating Income | -158.42M | -153.01M | -182.68M | -510.20M | -774.01M | -214.17M |
| EBT Excluding Unusual Items | -158.42M | -153.01M | -182.68M | -510.20M | -735.10M | -286.46M |
| Restructuring Charges | -1.20M | -1.20M | -1.25M | -11.63M | -102.59M | -17.05M |
| Impairment of Goodwill | -13.51M | -14.00M | -7.27M | |||
| Other Unusual Items | 2.10M | 2.10M | -4.20M | |||
| Pretax Income | -170.04M | -165.82M | -205.44M | -534.42M | -875.98M | -303.51M |
| Income Tax Expense | -1.69M | 53.00K | 850.00K | 2.00M | 1.10M | -2.38M |
| Net Income | -179.95M | -165.87M | -206.29M | -536.42M | -877.08M | -301.13M |
| Net Income to Common | -179.95M | -165.87M | -206.29M | -536.42M | -877.08M | -301.13M |
| Shares Outstanding (Basic) | 16.53M | 15.36M | 15.11M | 9.23M | 5.83M | 1.74M |
| Shares Outstanding (Diluted) | 16.53M | 15.36M | 15.11M | 9.23M | 5.83M | 1.74M |
| EPS (Basic) | -10.88 | -10.80 | -13.65 | -58.09 | -150.54 | -173.09 |
| EPS (Diluted) | -10.88 | -10.80 | -13.65 | -58.09 | -150.54 | -173.09 |
| Free Cash Flow | -156.15M | -167.77M | -383.36M | -160.18M | 926.52M | 345.49M |
| Free Cash Flow Per Share | -9.44 | -10.92 | -25.37 | -17.35 | 159.03 | 198.59 |
| Operating Margin | -82.06% | -92.81% | -168.39% | -705.29% | -17.69% | |
| Profit Margin | -93.21% | -100.61% | -190.15% | -741.53% | -24.87% | |
| Free Cash Flow Margin | -80.88% | -101.76% | -353.37% | -221.42% | 28.54% | |
| Revenue as Reported | 1.24B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 102.25M | 99.83M | 211.10M | 503.59M | 317.96M | 938.32M |
| Long-Term Investments | 103.61M | 53.77M | 25.60M | |||
| Trading Asset Securities | 3.56M | 4.21M | 2.54M | 1.72M | 239.65M | 9.30M |
| Loans & Lease Receivables | 511.08M | 1.19B | 510.72M | 174.94M | 264.94M | 1.99B |
| Other Receivables | 24.83M | 21.05M | 23.03M | 25.24M | 35.66M | 85.47M |
| Property, Plant & Equipment | 6.41M | 6.62M | 4.10M | 36.44M | 70.15M | 97.93M |
| Goodwill | 10.99M | 10.99M | 23.61M | 32.39M | 17.39M | 19.81M |
| Other Intangible Assets | 17.46M | 21.98M | 20.94M | 38.13M | 62.00M | 72.49M |
| Restricted Cash | 9.63M | 16.79M | 24.42M | 24.48M | 28.11M | 40.55M |
| Other Current Assets | 30.70M | 30.34M | 38.82M | 43.04M | 46.35M | 32.16M |
| Long-Term Deferred Charges | 14.26M | |||||
| Total Assets | 1.54B | 1.51B | 913.06M | 905.55M | 1.08B | 3.30B |
| Accounts Payable | 42.26M | 62.56M | 33.16M | 49.56M | 62.14M | 110.26M |
| Accrued Expenses | 400.00K | |||||
| Short-Term Debt | 156.75M | 215.37M | 949.00K | 751.83M | 495.72M | |
| Current Portion of Long-Term Debt | 297.80M | 198.92M | 60.75M | 288.45M | 861.31M | |
| Current Portion of Leases | 1.78M | |||||
| Long-Term Debt | 202.88M | 203.07M | 710.60M | 660.33M | 939.62M | |
| Long-Term Leases | 4.58M | 2.85M | 4.08M | 31.20M | 58.57M | 75.84M |
| Long-Term Unearned Revenue | 3.04M | 272.00K | 30.20M | 50.01M | ||
| Other Current Liabilities | 767.22M | 769.46M | 141.73M | 14.17M | ||
| Other Long-Term Liabilities | 12.51M | 14.24M | 17.88M | 26.47M | 56.97M | 58.52M |
| Total Liabilities | 1.48B | 1.47B | 971.23M | 782.95M | 1.25B | 2.59B |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 10.00K | 10.00K |
| Additional Paid-In Capital | 2.23B | 2.11B | 1.86B | 1.84B | 618.11M | 571.50M |
| Retained Earnings | -2.18B | -2.08B | -1.91B | -1.70B | -1.17B | -292.61M |
| Comprehensive Income & Other | 2.08M | 3.66M | -11.09M | -11.82M | -54.65M | -38.74M |
| Total Common Equity | 57.90M | 37.18M | -58.17M | 122.60M | -604.18M | 240.16M |
| Shareholders' Equity | 57.90M | 37.18M | -58.17M | 122.60M | -164.81M | 708.44M |
| Total Liabilities & Equity | 1.54B | 1.51B | 913.06M | 905.55M | 1.08B | 3.30B |
| Total Debt | 662.01M | 621.99M | 775.42M | 692.49M | 1.10B | 2.37B |
| Net Cash (Debt) | -556.21M | -517.96M | -561.78M | -187.18M | -541.24M | -1.42B |
| Net Cash Per Share | -33.64 | -33.72 | -37.18 | -20.27 | -92.90 | -819.04 |
| Filing Date Shares Outstanding | 19.00M | 16.45M | 15.17M | 15.12M | 98.08M | 99.07M |
| Total Common Shares Outstanding | 18.98M | 16.00M | 15.17M | 15.04M | 98.08M | 99.07M |
| Working Capital | -582.38M | 114.13M | 574.99M | 708.32M | -168.60M | 1.63B |
| Book Value Per Share | 3.05 | 2.32 | -3.83 | 8.15 | -6.16 | 2.42 |
| Tangible Book Value | 29.44M | 4.20M | -102.72M | 52.08M | -683.57M | 147.86M |
| Tangible Book Value Per Share | 1.55 | 0.26 | -6.77 | 3.46 | -6.97 | 1.49 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -179.95M | -165.87M | -206.29M | -536.42M | -877.08M | -301.13M |
| Depreciation & Amortization | 12.98M | 14.07M | 33.23M | 42.89M | 49.42M | 27.22M |
| Gain on Sale of Loans & Receivables | -175.42M | -135.57M | -61.56M | -46.65M | 54.27M | 67.68M |
| Loss (Gain) From Sale of Investments | 1.55M | 673.00K | -1.69M | 237.06M | -230.91M | 7.74M |
| Asset Writedown & Restructuring Costs | 11.55M | 12.51M | 16.41M | 9.44M | 145.47M | |
| Provision for Credit Losses | 584.00K | 584.00K | 1.67M | |||
| Stock-Based Compensation | 50.53M | 20.43M | 26.75M | 54.16M | 30.54M | 55.22M |
| Change in Accounts Payable | -4.12M | 17.03M | -21.08M | -22.21M | -43.56M | -7.96M |
| Change in Other Net Operating Assets | 105.11M | 74.88M | -160.47M | 89.16M | 1.52B | 425.21M |
| Other Operating Activities | 16.29M | -6.00M | -6.93M | 12.87M | 288.04M | 87.24M |
| Operating Cash Flow | -155.10M | -166.57M | -379.97M | -159.72M | 938.25M | 361.21M |
| Capital Expenditures | -1.05M | -1.19M | -3.39M | -456.00K | -11.73M | -15.72M |
| Sale of Property, Plant & Equipment | 2.38M | 2.94M | 764.00K | 4.55M | ||
| Cash Acquisitions | -12.71M | -3.85M | -5.07M | |||
| Sale (Purchase) of Intangibles | -9.64M | -10.04M | -6.69M | -9.32M | -23.55M | -47.91M |
| Investment in Securities | -46.36M | -46.36M | -28.55M | -16.87M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -602.32M | -602.32M | -108.11M | |||
| Other Investing Activities | 386.67M | -1.60M | ||||
| Investing Cash Flow | -270.33M | -661.51M | -143.81M | -38.59M | -34.58M | -68.70M |
| Long-Term Debt Issued | 167.79M | 117.85M | 528.59M | 10.13B | 51.33B | |
| Long-Term Debt Repaid | -111.61M | -1.10M | -165.88M | -11.66B | -51.04B | |
| Net Debt Issued (Repaid) | 81.54M | 56.19M | 116.75M | 362.71M | -1.53B | 289.00M |
| Issuance of Preferred Stock | 1.46M | |||||
| Issuance of Common Stock | 112.72M | 29.30M | 91.00K | 16.44M | 734.00K | 21.62M |
| Repurchase of Common Stock | -7.95M | -5.65M | ||||
| Other Financing Activities | 263.64M | 628.85M | 122.29M | 794.00K | -425.00K | |
| Financing Cash Flow | 457.90M | 714.34M | 239.13M | 381.40M | -1.54B | 304.54M |
| Foreign Exchange Rate Adjustments | -10.28M | -7.50M | -217.00K | -1.09M | 726.00K | 35.00K |
| Net Cash Flow | 41.02M | -118.90M | -292.55M | 182.00M | -632.81M | 597.09M |
| Free Cash Flow | -156.15M | -167.77M | -383.36M | -160.18M | 926.52M | 345.49M |
| Free Cash Flow Margin | -80.88% | -101.76% | -353.37% | -221.42% | 28.54% | |
| Free Cash Flow Per Share | -9.44 | -10.92 | -25.37 | -17.35 | 159.03 | 198.59 |
| Cash Interest Paid | 25.16M | 21.75M | 13.82M | 12.04M | 13.07M | 78.81M |
| Cash Income Tax Paid | 3.55M | 1.71M | -677.00K | -8.45M | 1.83M | 35.77M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 395.93M | 511.40M | 135.14M | 602.24M | 280.50M | 275.22M |
| PS Ratio | 2.05 | 3.10 | 1.25 | 8.32 | -20.48 | 0.23 |
| PB Ratio | 6.83 | 13.75 | -2.32 | 4.91 | -1.70 | 0.39 |
| P/FCF Ratio | 0.30 | 0.80 | ||||
| P/OCF Ratio | 0.30 | 0.76 | ||||
| Debt / Equity Ratio | 11.43 | 16.73 | -13.33 | 5.65 | -6.67 | 3.35 |
| Debt / FCF Ratio | 1.19 | 6.87 | ||||
| Net Debt / Equity Ratio | 9.61 | 13.93 | -9.66 | 1.53 | -3.28 | 2.01 |
| Net Debt / FCF Ratio | -3.56 | -3.09 | -1.47 | -1.17 | 0.58 | 4.12 |
| Quick Ratio | 0.51 | 1.05 | 3.17 | 10.91 | 0.78 | 2.06 |
| Current Ratio | 0.54 | 1.09 | 3.44 | 11.95 | 0.85 | 2.11 |
| Asset Turnover | 0.14 | 0.14 | 0.12 | 0.07 | 0.39 | |
| Return on Equity (ROE) | -250.42% | -640.35% | -322.67% | -50.47% | ||
| Return on Assets (ROA) | -12.14% | -13.72% | -22.69% | -53.94% | -40.02% | -9.58% |
| Return on Invested Capital (ROIC) | -21.95% | -23.21% | -62.59% | -7.30% | ||
| Earnings Yield | -52.23% | -32.44% | -152.65% | -89.07% | -312.68% | -109.41% |
| FCF Yield | -39.44% | -32.81% | -283.67% | -26.60% | 330.30% | 125.53% |
| Buyback Yield / Dilution | -9.06% | -1.63% | -63.66% | -58.49% | -234.89% | 27.29% |