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Better Home & Finance

(NASDAQ) BETR

Current Price$22.94
Market Cap$427.40MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-96%
5 Year-95%
1 Year+70%
1 Month-23%
Better Home & Finance last closing stock price
MetricPriceDate
Last closeUSD 22.652026-07-16
Better Home & Finance stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-11.59%USD 25.622026-07-09
1 month-22.56%USD 29.252026-06-16
3 month-45.06%USD 41.232026-04-17
Year to date-30.48%USD 32.582025-12-31
1 year+69.54%USD 13.362025-07-16
3 year-95.63%USD 518.502023-07-17
5 year-95.43%USD 495.502021-07-16
Since inception-95.62%USD 517.502021-04-30

Better Home & Finance Financials at a Glance

Market Cap

$427.40MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$202.06M

Net Income (TTM)

-$185.62M

EPS (TTM)

-$11.76

P/E Ratio

-1.93

Dividend

$0.00

Beta (Volatility)

1.89 (High)

Price

$22.94

Volume

98,083.465

Open

$21.74

Previous Close

$22.65

Daily Range

$21.34 - $23.40

52-Week Range

$12.57 - $94.06

Estimated Earnings Date

Aug 6, 2026

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About Better Home & Finance

Better helps people buy and finance homes online. It uses technology to replace slow, manual paperwork. The company supports borrowers during the entire homeownership cycle.

Software, Loans, and Protection

  • Home Finance: Residential mortgages including loans backed by government agencies and private jumbo loans for large amounts; licensed in all 50 states.
  • Tinman AI Platform: Proprietary software used to automate mortgage underwriting and processing for business partners; includes an artificial intelligence assistant named Betsy.
  • Better Plus: Homeownership services like real estate agent referrals and title insurance; provided through external third-party partners.
  • International Lending: Residential mortgage and financial products offered in the United Kingdom through Birmingham Bank.

A Shift Toward Technology

  • Completed a merger with Aurora Acquisition Corp. in August 2023 to become a public company.
  • Changed the official name to Better Home & Finance in August 2023 to reflect broader services.
  • Consolidated the retail sales team into a single platform distribution channel during the fiscal year.
  • Started the process of exiting non-core international business operations in 2025.

What Makes Better Different?

Better uses its Tinman system to turn complex mortgage tasks into automated workflows. This digital-first approach tracks thousands of data points per customer to reduce errors and labor costs.

Tracking the 2025 Performance

  • Funded loan volume hit $4.7 billion in 2025, up 32% from the prior year.
  • Total revenue reached $164.9 million in 2025, up 52% from 2024.
  • Gross profit for Q4 2025 was $42.6 million, up 314.2% from Q4 2024.
  • Net loss narrowed to $165.9 million in 2025, an improvement of 20% year-over-year.
  • Free cash flow for Q4 2025 was negative $39.4 million, which narrowed by 28.1% from Q4 2024.

Moving Toward Modern Lending

Better has evolved from a mortgage startup into a technology-focused homeownership platform. It aims to modernize the residential real estate market by automating the loan manufacturing process.

AI Generated • May 3, 2026

Industry

Diversified Financial Services

Employees

1,329

CEO

Vishal Garg

Headquarters

New York City, NY 10007, US

BETR Financials

Key Financial Metrics (TTM)

Gross Margin

62.22%

Operating Margin

-61.39%

Net Income Margin

-91.86%

Return on Equity

-428.29%

Return on Capital

-18.85%

Return on Assets

-11.83%

Earnings Yield

-51.81%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$427.40MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

18.87M

Volume

98.08K

Avg. Volume

445.43K

Financials (TTM)

Gross Profit

$125.73M

Operating Income

-$124.06M

EBITDA

-$110.34M

Operating Cash Flow

-$172.65M

Capital Expenditure

-$3.94M

Free Cash Flow

-$176.58M

Cash & ST Invst.

$73.68M

Total Debt

$710.77M

Better Home & Finance Performance Analysis

Better Home & Finance annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 0N/A
20232023-12-31USD -133,829,000N/A
20242024-12-31USD 129,531,000N/A
20252025-12-31USD 204,619,00058.0%
Better Home & Finance sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3047.5%
Q32025-09-30-13.8%
Q42025-12-3120.4%
Q12026-03-31-0.1%
Better Home & Finance annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 12.57N/A
20232023-12-31USD -58.09N/A
20242024-12-31USD -13.65-76.5%
20252025-12-31USD -10.80-20.9%
Better Home & Finance sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3028.2%
Q32025-09-30-7.1%
Q42025-12-310.8%
Q12026-03-31-68.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$53.23M

+53.0%

Gross Profit

$39.50M

+289.2%

Gross Margin

74.21%

N/A

Market Cap

$427.40MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$321.60K

N/A

Employees

1,329

N/A

Net Income

-$70.31M

-39.1%

EBITDA

-$42.19M

+8.8%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$73.68M

-67.7%

Total Debt

$710.77M

-7.1%

Accounts Receivable

$22.78M

-46.5%

Inventory

$0.00

N/A

Long Term Debt

$203.19M

-61.6%

Short Term Debt

$507.58M

+115.1%

Return on Assets

-11.83%

N/A

Return on Invested Capital

-11.74%

N/A

Free Cash Flow

-$77.12M

-29.1%

Operating Cash Flow

-$76.74M

-34.2%

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Questions About BETR

What is the current price of Better Home & Finance?

Better Home & Finance is trading at $22.94 per share.

What is the 52-week range for Better Home & Finance?

Over the past 52 weeks, Better Home & Finance has traded between $12.57 and $94.06.

How much debt does Better Home & Finance have?

As of the most recent reporting period, Better Home & Finance reported total debt of $710.77M.

How much cash does Better Home & Finance have on hand?

Better Home & Finance reported $73.68M in cash and cash equivalents in its most recent financial results.

What is Better Home & Finance’s dividend yield?

Better Home & Finance does not currently have a dividend yield.

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