Better Home & Finance Holding Co (BETR) Financial Statements
Industry: Loan Brokers
In fiscal 2025, Better Home & Finance reported revenue of $11.3M, down 12.3% from $12.9M the year before. Net income was -$165.9M (a -1468.0% net margin), or -$10.80 per diluted share. Gross margin was -2826.7% and operating margin was -3938.5%. Operating activities generated -$166.6M of cash, leaving -$167.8M of free cash flow. At fiscal year end, Better Home & Finance held $1.51B in total assets against $1.47B in total liabilities, including $99.8M of cash and equivalents.
Open the full interactive Better Home & Finance financials → Quarterly statements, key ratios, valuation history and price charts.
Better Home & Finance Key Stats
| Share Price | $8.97 |
|---|---|
| Market Cap | $167.3M |
| Revenue YoY Growth | -12.3% |
| 52-Week Range | $8.97 – $86.07 |
| Shares Outstanding | 18.7 million (basic, 2026 Q2) |
Better Home & Finance Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $76.8M | $12.9M | $11.3M |
| Cost of Goods Sold | $0 | $0 | $368.1M | $313.9M | $330.7M |
| Gross Profit | $0 | $0 | -$291.3M | -$301.0M | -$319.4M |
| Operating Income | -$7.4M | -$8.6M | -$291.3M | -$446.6M | -$445.0M |
| Pre-Tax Income | -$5.0M | $8.7M | -$534.4M | -$205.4M | -$165.8M |
| Income Tax | — | — | $2.0M | $850,000 | $53,000 |
| Net Income | -$5.0M | $8.7M | -$536.4M | -$206.3M | -$165.9M |
| Diluted EPS | -$7.50 | — | -$58.00 | -$13.65 | -$10.80 |
Better Home & Finance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.8M | $1.2M | $1.1M | $1.1M |
| Net Income | -$39.1M | -$39.9M | -$70.3M | -$30.6M |
| Diluted EPS | -$2.56 | -$2.60 | -$4.29 | -$1.64 |
Better Home & Finance Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $37,645 | $285,307 | $503.6M | $211.1M | $99.8M |
| Current Assets | $1.1M | $419,183 | — | — | — |
| Total Assets | $279.1M | $282.7M | $905.6M | $913.1M | $1.51B |
| Current Liabilities | $7.0M | $15.0M | — | — | — |
| Total Long-Term Debt | — | — | $514.6M | $519.7M | $198.8M |
| Total Liabilities | $28.9M | $15.5M | $783.0M | $971.2M | $1.47B |
| Shareholders' Equity | $7.2M | $20.6M | $122.6M | -$58.2M | $37.2M |
Better Home & Finance Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$3.2M | -$1.2M | -$159.7M | -$380.0M | -$166.6M |
| Cash From Investing | -$278.0M | — | -$38.6M | -$143.8M | -$661.5M |
| Cash From Financing | $281.3M | $1.4M | $381.4M | $239.1M | $714.3M |
| Free Cash Flow | — | — | -$160.2M | -$383.4M | -$167.8M |
Figures from Better Home & Finance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Better Home & Finance financials page for every line item.
Better Home & Finance Company Profile
| Ticker | BETR |
|---|---|
| Exchange | Nasdaq |
| Industry | Loan Brokers |
| Headquarters | New York, New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001835856 |
Frequently Asked Questions
What was Better Home & Finance's revenue in fiscal 2025?
Better Home & Finance (BETR) reported revenue of $11.3M for fiscal 2025.
What is Better Home & Finance's annual revenue history?
Better Home & Finance's annual revenue by fiscal year: 2021: $0; 2022: $0; 2023: $76.8M; 2024: $12.9M; 2025: $11.3M.
What was Better Home & Finance's net income in fiscal 2025?
Better Home & Finance reported net income of -$165.9M for fiscal 2025.
What was Better Home & Finance's earnings per share (EPS) in fiscal 2025?
Better Home & Finance's diluted EPS was -$10.80 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Better Home & Finance generate in fiscal 2025?
Better Home & Finance generated -$167.8M of free cash flow in fiscal 2025.
What was Better Home & Finance's revenue last quarter?
In its most recent reported quarter (2026 Q2), Better Home & Finance reported revenue of $1.1M.
How much debt does Better Home & Finance have?
Better Home & Finance reported $198.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Better Home & Finance are outstanding?
Better Home & Finance reported a weighted average of 18.7 million basic shares outstanding in 2026 Q2.
What is Better Home & Finance's market cap?
Based on its latest closing price, Better Home & Finance (BETR) has a market capitalization of about $167.3M.
When does Better Home & Finance's fiscal year end?
Better Home & Finance's fiscal year end, as registered with the SEC, is December 31.
Where is Better Home & Finance headquartered?
Better Home & Finance lists its business address in New York, New York in its SEC filings.