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Better Home & Finance Holding Company (BETR) 10-Year Financial Performance & Capital Metrics

BETR • • Banking & Credit
Financial ServicesMortgage FinanceResidential Mortgage Origination & ServicingDigital Mortgage Lenders
AboutBetter Home & Finance Holding Company operates as a homeownership company in the United States. The company provides government-sponsored enterprise (GSE) conforming loans, U.S. Federal Housing Administration insured loans, U.S. Department of Veterans Affairs guaranteed loans, and jumbo loans to GSEs, banks, insurance companies, asset managers, and mortgage real estate investment trusts. It also offers real estate agent services, title insurance and settlement services, and homeowners insurance services. The company formerly known as Better Mortgage Corporation and changed its name to Better Home & Finance Holding Company in August 2023. Better Home & Finance Holding Company is headquartered in New York, New York.Show more
  • Net Interest Income $0 +100.0%
  • Total Revenue $120M +35.7%
  • Net Income -$206M +61.5%
  • Return on Equity -640.35% -46.4%
  • Net Interest Margin 0% +100.0%
  • Efficiency Ratio 121.19% -53.4%
  • ROA -22.69% +57.9%
  • Equity / Assets -6.37% -147.1%
  • Book Value per Share -3.85 -1549.6%
  • Tangible BV/Share -6.80 -6125.4%
  • Debt/Equity -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Share count reduced 96.7% through buybacks
  • ✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

  • ✗High cost structure: 121.2% efficiency ratio
  • ✗Thin capital base
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-8.18%
3Y-54.93%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM10.99%

EPS CAGR

10Y-
5Y-
3Y-
TTM-200%

ROCE

10Y Avg-28.55%
5Y Avg-36.69%
3Y Avg-55.68%
Latest-32.01%

Peer Comparison

Digital Mortgage Lenders
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Momentum & Returns
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Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RKTRocket Companies, Inc.22.67B23.44111.6234.84%0.54%-1.15%1.55
BETRBetter Home & Finance Holding Company361.49M36.68-2.6935.65%-171.83%-362.58%
LDIloanDepot, Inc.337.47M2.67-5.047.04%-8.8%-16.94%10.72

Profit & Loss

Dec 2015Dec 2016Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+00-100.97M-303.18M-31.6M0
NII Growth %----2%0.9%1%
Net Interest Margin %------
Interest Income000000
Interest Expense12.43M22.9M100.97M303.18M31.6M0
Loan Loss Provision68.54M117.8M868.32M390.39M118.22M162.58M
Non-Interest Income+183.91M270.81M1.31B395.08M88.5M120.05M
Non-Interest Income %------
Total Revenue+183.91M270.81M1.31B395.08M88.5M120.05M
Revenue Growth %-0.47%3.84%-0.7%-0.78%0.36%
Non-Interest Expense66.31M70.25M581.98M560.43M229.97M145.49M
Efficiency Ratio------
Operating Income+36.63M60.36M-239.68M-858.92M-291.28M-188.02M
Operating Margin %------
Operating Income Growth %-0.65%-4.97%-2.58%0.66%0.35%
Pretax Income+24.21M42.65M-303.51M-875.98M-534.42M-205.44M
Pretax Margin %------
Income Tax+14.32M15.36M-2.38M1.1M2M850K
Effective Tax Rate %------
Net Income+9.88M27.29M-301.13M-877.08M-536.42M-206.29M
Net Margin %------
Net Income Growth %-1.76%-12.03%-1.91%0.39%0.62%
Net Income (Continuing)9.88M27.29M-301.13M-877.08M-536.42M-206.29M
EPS (Diluted)+0.130.38-0.41-1.21-1.16-13.65
EPS Growth %-1.92%-2.08%-1.95%0.04%-10.77%
EPS (Basic)0.130.38-0.41-1.21-1.16-13.65
Diluted Shares Outstanding74.82M71.52M737.59M737.59M461.68M15.11M

Balance Sheet

Dec 2015Dec 2016Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K
Cash & Due from Banks18.75M10.32M938.32M317.96M503.59M211.1M
Short Term Investments00001000K1000K
Total Investments+00-279.09M025.6M53.77M
Investments Growth %---1%-1.1%
Long-Term Investments00-279.09M000
Accounts Receivables0001000K00
Goodwill & Intangibles+------
Goodwill47.42M151.95M19.81M17.39M32.39M23.61M
Intangible Assets269.47M560M72.49M62M38.13M20.94M
PP&E (Net)2.15M45.88M97.93M70.15M36.44M4.1M
Other Assets2.9M-8.62M23.56M239.65M1.72M2.54M
Total Current Assets38.85M79.23M3.09B694.16M792.09M861.86M
Total Non-Current Assets321.94M759.01M213.79M389.19M108.67M51.19M
Total Assets+360.79M838.24M3.3B1.08B905.55M913.06M
Asset Growth %-1.32%2.94%-0.67%-0.16%0.01%
Return on Assets (ROA)0.03%0.05%-0.15%-0.4%-0.54%-0.23%
Accounts Payable9.3M32.58M133.26M82.44M66.56M48.13M
Total Debt+16.51M7.67M2.37B1.1B672.06M767.9M
Net Debt-2.24M-2.65M1.43B778M168.47M556.8M
Long-Term Debt3.76M6.68M626.36M894.4M514.64M519.75M
Short-Term Debt12.75M991K1.67B144.05M126.22M244.07M
Other Liabilities277.17M664.9M-416.81M34.65M28.84M11.84M
Total Current Liabilities59.33M60.04M2.34B264.69M208.26M435.56M
Total Non-Current Liabilities286.04M726.47M283.21M986.56M574.69M535.66M
Total Liabilities345.37M786.51M2.62B1.25B782.95M971.23M
Total Equity+15.42M51.73M677.81M-167.9M122.6M-58.17M
Equity Growth %-2.35%12.1%-1.25%1.73%-1.47%
Equity / Assets (Capital Ratio)------
Return on Equity (ROE)0.64%0.81%-0.83%-3.44%-4.38%-6.4%
Book Value per Share0.210.720.92-0.230.27-3.85
Tangible BV per Share------
Common Stock08K10K10K74K2K
Additional Paid-in Capital0013.69M618.11M1.84B1.86B
Retained Earnings14.62M41.92M-292.61M-1.17B-1.7B-1.91B
Accumulated OCI0-31.47M-105K-1.42M-1.71M-1.94M
Treasury Stock000000
Preferred Stock00436.28M436.28M00

Cash Flow

Dec 2015Dec 2016Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+47M-803K361.21M938.22M-159.72M-379.97M
Operating CF Growth %--1.02%450.83%1.6%-1.17%-1.38%
Net Income9.88M27.29M-301.13M-262.94M-536.42M-206.29M
Depreciation & Amortization5.37M9.5M27.22M49.42M42.89M33.23M
Deferred Taxes-8.24M-1.66M118.31M000
Other Non-Cash Items56.79M-81.27M51.84B11.67B332.58M-223.38M
Working Capital Changes-20.11M39.67M-51.37B-10.55B-52.93M-10.28M
Cash from Investing+-8.61M-388.08M-68.7M-34.66M-38.59M-143.81M
Purchase of Investments0000-48.19M-211.86M
Sale/Maturity of Investments00001000K1000K
Net Investment Activity------
Acquisitions-7.83M-365.62M-5.07M-3.85M-11.95M0
Other Investing0-16.52M5.02M4.47M0-105.17M
Cash from Financing+-25.26M380.97M304.54M-1.54B381.4M239.13M
Dividends Paid000000
Share Repurchases-18.75M-10.32M-5.65M-7.95M00
Stock Issued000016.35M91K
Net Stock Activity------
Debt Issuance (Net)001000K-1000K1000K1000K
Other Financing-25.26M380.97M21.19M838K1.81M122.29M
Net Change in Cash+13.14M-8.43M597.09M-632.81M182M-292.55M
Exchange Rate Effect0-520K35K725K-1000K-1000K
Cash at Beginning5.62M18.75M381.79M978.87M346.06M528.07M
Cash at End18.75M10.32M978.87M346.06M528.07M235.52M
Interest Paid00013.07M013.82M
Income Taxes Paid0001.83M00
Free Cash Flow+46.22M-6.74M292.57M902.94M-169.5M-390.05M
FCF Growth %--1.15%44.41%2.09%-1.19%-1.3%

Banking Ratios

Metric201520162021202220232024
Return on Equity (ROE)64.09%81.28%-82.55%-344.01%-437.54%-640.35%
Return on Assets (ROA)2.74%4.55%-14.55%-40.02%-53.94%-22.69%
Net Interest Margin0%0%-3.06%-27.98%-3.49%0%
Efficiency Ratio36.05%25.94%44.37%141.85%259.85%121.19%
Equity / Assets4.27%6.17%20.54%-15.5%13.54%-6.37%
Book Value / Share0.210.720.92-0.230.27-3.85
NII Growth----200.25%89.58%100%

Frequently Asked Questions

Growth & Financials

Better Home & Finance Holding Company (BETR) grew revenue by 35.7% over the past year. This is strong growth.

Better Home & Finance Holding Company (BETR) reported a net loss of $185.2M for fiscal year 2024.

Dividend & Returns

Better Home & Finance Holding Company (BETR) has a return on equity (ROE) of -640.4%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Better Home & Finance Holding Company (BETR) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Better Home & Finance Holding Company (BETR) has an efficiency ratio of 121.2%. This is higher than peers, suggesting room for cost optimization.

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