BETR · Better Home & Finance Holding Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.50M | - | $43.87M | $44.14M | $32.55M | - | $28.99M | $31.09M | $22.25M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $8.36M | - | $6.73M | $6.95M | $7.18M | - | $7.25M | $11.16M | $5.46M | - |
| SG&A | $8.95M | - | $10.17M | $11.51M | $11.63M | - | $12.61M | $12.71M | $14.05M | - |
| Total Operating Expenses | $98.41M | - | $82.85M | $80.32M | $82.97M | - | $83.08M | $73.42M | $73.60M | - |
| D&A | $3.00M | - | $3.40M | $3.54M | $3.98M | - | $10.49M | $10.82M | $9.07M | - |
| Operating Income | ($50.92M) | - | ($38.98M) | ($36.18M) | ($50.41M) | - | ($54.08M) | ($43.55M) | ($51.35M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | $4.85M | - |
| Income Tax | ($1.57M) | - | $145.0K | $94.0K | $145.0K | - | $126.0K | $456.0K | $143.0K | - |
| Net Income | ($70.31M) | - | ($39.13M) | ($36.27M) | ($50.56M) | - | ($54.21M) | ($41.37M) | ($51.49M) | - |
| EPS - Basic | ($4.29) | - | ($2.56) | ($2.39) | ($3.33) | - | ($3.58) | ($2.50) | ($3.50) | - |
| EPS - Diluted | ($4.29) | - | ($2.56) | ($2.39) | ($3.33) | - | ($3.58) | ($2.50) | ($3.50) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $64.27M | $99.83M | $73.89M | $87.13M | $110.56M | $211.10M | $207.67M | $320.94M | $424.53M | $503.59M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | $0 |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.57B | $1.51B | $1.38B | $1.23B | $1.00B | $913.06M | $845.16M | $957.88M | $841.59M | $905.55M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.56B | $1.47B | $1.34B | $1.16B | $1.11B | $971.23M | $844.77M | $912.98M | $765.30M | $782.95M |
| Stockholders' Equity | $8.55M | $37.18M | $41.91M | $76.56M | ($102.14M) | ($58.17M) | $388.0K | $44.91M | $76.29M | $122.60M |
| Retained Earnings | ($2.15B) | ($2.08B) | ($2.04B) | ($2.00B) | ($1.96B) | ($1.91B) | ($1.85B) | ($1.80B) | ($1.76B) | ($1.70B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($125.18M) | - | - | - | ($57.19M) | - | - | - | ($42.81M) | - |
| Investing Cash Flow | ($11.59M) | - | - | - | ($158.84M) | - | - | - | ($33.39M) | - |
| Financing Cash Flow | $105.24M | - | - | - | $118.82M | - | - | - | ($1.15M) | - |
| CapEx | $378.0K | - | - | - | $202.0K | - | - | - | $473.0K | - |
| Free Cash Flow | ($125.55M) | - | - | - | ($57.39M) | - | - | - | ($43.28M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -107.2% | - | -88.9% | -81.9% | -154.9% | - | -186.5% | -140.1% | -230.8% | - |
| EBITDA margin | -100.9% | - | -81.1% | -73.9% | -142.7% | - | -150.4% | -105.3% | -190.0% | - |
| Net margin | -148.0% | - | -89.2% | -82.2% | -155.3% | - | -187.0% | -133.0% | -231.4% | - |
| Free cash flow margin | -264.3% | - | - | - | -176.3% | - | - | - | -194.5% | - |
| FCF / Net income | 1.79 | - | - | - | 1.14 | - | - | - | 0.84 | - |
| R&D / Revenue | 17.6% | - | 15.3% | 15.7% | 22.1% | - | 25.0% | 35.9% | 24.5% | - |
| SG&A / Revenue | 18.8% | - | 23.2% | 26.1% | 35.7% | - | 43.5% | 40.9% | 63.1% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.5% | - | -2.8% | -2.9% | -5.0% | - | -6.4% | -4.3% | -6.1% | - |
| Return on equity | -822.1% | - | -93.4% | -47.4% | 49.5% | - | -13971.6% | -92.1% | -67.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -10.6x | - |
| Equity multiplier | 183.42 | 40.49 | 33.02 | 16.09 | -9.84 | -15.70 | 2178.26 | 21.33 | 11.03 | 7.39 |
| Liabilities / Assets | 0.99 | 0.98 | 0.97 | 0.94 | 1.10 | 1.06 | 1.00 | 0.95 | 0.91 | 0.86 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.04 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 68.3x | - | 20.4x | 2.5x | - | - | 694.1x | 385.7x | 245.6x | - |
| P / S | 12.3x | - | 19.5x | 4.3x | 5.1x | - | 9.3x | 557.1x | 842.1x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 45.9% | - | 51.3% | 42.0% | 46.3% | - | 76.3% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -1.0% | - | 27.9% | 16.9% | 1.8% | - | 41.0% | -2271.0% | -2705.0% | - |
| Net income growth (YoY) | -39.1% | - | 27.8% | 12.3% | 1.8% | - | 84.1% | -4877.0% | -40142.3% | - |
| EPS growth (YoY) | -28.8% | - | 28.5% | 4.4% | 4.9% | - | -426.5% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -118.8% | - | - | - | -32.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | 10702.1% | 70.5% | - | - | -99.8% | 4767.5% | 4201.2% | 495.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$164.87M totalHome Finance Segment$157.26M · 95.4%
Banking Segment$7.61M · 4.6%
Geographic
$164.87M totalUS$138.83M · 84.2%
Non Us$26.04M · 15.8%
Peer comparison
Same SIC group: Loan Brokers
Comparing Better Home & Finance Holding Co against the 4 most active filers in the same SIC group.