Better Home & Finance Holding Company(BETR)Earnings, Financials & Key Ratios
BETR•NASDAQ•Banking & Credit
$42.69
$656M mkt cap·Price updated May 6, 2026
SectorFinancial ServicesIndustryMortgage FinanceSub-IndustryConsumer mortgage originators and brokers
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$17M
- Total Revenue$191M+59.4%
- Net Income-$166M+19.6%
- Return on Equity-446.09%+30.3%
- Net Interest Margin1.16%
- Efficiency Ratio141.98%+17.2%
- ROA-13.72%+39.5%
- Equity / Assets2.47%+138.8%
- Book Value per Share2.42+163.0%
- Tangible BV/Share0.27+104.0%
- Debt/Equity16.55
BETR Key Insights
Better Home & Finance Holding Company (BETR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓Diversified revenue: 68.5% from non-interest income
✗Weaknesses
- ✗High debt to equity ratio of 16.5x
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak NIM of 1.2%
- ✗High cost structure: 142.0% 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.
BETR Price & Volume
Better Home & Finance Holding Company (BETR) stock price & volume — 10-year historical chart
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BETR Growth Metrics
Better Home & Finance Holding Company (BETR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-6.71%
3 Years-21.46%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM19.59%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-38.01%
Return on Capital
10 Years-26.71%
5 Years-42.06%
3 Years-28.71%
Last Year-15.7%
BETR Recent Earnings
Better Home & Finance Holding Company (BETR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (67%)●Beat Revenue 3/12 qtrs (100%)
Q2 2026Latest
Mar 13, 2026EPS
$1.70
Est $2.01
+15.3%
Revenue
$44M
Est $41M
+8.8%
Q4 2025
Nov 13, 2025EPS
$1.86
Est $1.75
-6.3%
Revenue
$44M
Est $41M
+8.7%
Q3 2025
Aug 13, 2025EPS
$1.99
Est $2.27
+12.3%
Revenue
$51M
Est $47M
+8.5%
Q2 2025
May 14, 2025EPS
$3.04
Revenue
$35M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 13, 2026 | $1.70vs $2.01+15.3% | $44Mvs $41M+8.8% |
| Q4 2025 | Nov 13, 2025 | $1.86vs $1.75-6.3% | $44Mvs $41M+8.7% |
| Q3 2025 | Aug 13, 2025 | $1.99vs $2.27+12.3% | $51Mvs $47M+8.5% |
| Q2 2025 | May 14, 2025 | $3.04 | $35M |
Based on last 12 quarters of dataView full earnings history →
BETR Peer Comparison
Better Home & Finance Holding Company (BETR) competitors in Consumer mortgage originators and brokers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 UWMC | 542.86M | 3.49 | 29.08 | 65.83% | 1.67% | 9.06 | ||
 GHLD | 439.06M | 20.01 | 12.83 | 60.87% | 10.27% | 2.42 | ||
 PFSI | 4.54B | 86.94 | 9.35 | 173.81% | 12.02% | 5.35 | ||
 RKT | 2.07B | 14.65 | 69.76 | 34.84% | -1.15% | 1.55 | ||
 LMND | 4.07B | 53.00 | -23.04 | 40.15% | -16.92% | -26.52% | 0.34 | |
 LDI | 469.04M | 1.40 | -4.67 | 37.59% | -14.5% | 13.05 | ||
 TREE | 549.66M | 39.67 | 3.68 | 24.12% | 85.96% | 1.52 | ||
 ICE | 86.89B | 153.40 | 26.59 | 7.46% | 11.57% | 0.70 |
Compare BETR vs Peers
Better Home & Finance Holding Company (BETR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BETR Income Statement
Better Home & Finance Holding Company (BETR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'15 | Dec'16 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | -100.97M | -303.18M | -31.6M | 0 | 17.43M |
| NII Growth % | - | - | - | -200.25% | 89.58% | 100% | - |
| Net Interest Margin % | 0% | 0% | -3.06% | -27.98% | -3.49% | 0% | 1.16% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 60.27M |
| Interest Expense | 12.43M | 22.9M | 100.97M | 303.18M | 31.6M | 0 | 42.84M |
| Loan Loss Provision | 68.54M | 117.8M | 868.32M | 390.39M | 118.22M | 162.58M | -204K |
| Non-Interest Income | 183.91M | 270.81M | 1.31B | 395.08M | 88.5M | 120.05M | 131.1M |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 100% | 68.51% |
| Total Revenue | 183.91M▲ 0% | 270.81M▲ 47.2% | 1.31B▲ 384.3% | 395.08M▼ 69.9% | 88.5M▼ 77.6% | 120.05M▲ 35.7% | 191.37M▲ 59.4% |
| Revenue Growth % | - | 47.25% | 384.32% | -69.88% | -77.6% | 35.65% | 59.41% |
| Non-Interest Expense | 66.31M | 70.25M | 581.98M | 560.43M | 229.97M | 145.49M | 271.71M |
| Efficiency Ratio | 36.05% | 25.94% | 44.37% | 141.85% | 259.85% | 121.19% | 141.98% |
| Operating Income | 36.63M▲ 0% | 60.36M▲ 64.8% | -239.68M▼ 497.1% | -858.92M▼ 258.4% | -291.28M▲ 66.1% | -188.02M▲ 35.5% | -122.97M▲ 34.6% |
| Operating Margin % | 19.92% | 22.29% | -18.27% | -217.4% | -329.13% | -156.61% | -64.26% |
| Operating Income Growth % | - | 64.78% | -497.05% | -258.37% | 66.09% | 35.45% | 34.59% |
| Pretax Income | 24.21M▲ 0% | 42.65M▲ 76.2% | -303.51M▼ 811.6% | -875.98M▼ 188.6% | -534.42M▲ 39.0% | -205.44M▲ 61.6% | -165.82M▲ 19.3% |
| Pretax Margin % | 13.16% | 15.75% | -23.14% | -221.72% | -603.87% | -171.12% | -86.65% |
| Income Tax | 14.32M | 15.36M | -2.38M | 1.1M | 2M | 850K | 53K |
| Effective Tax Rate % | 59.16% | 36.01% | 0.79% | -0.13% | -0.37% | -0.41% | -0.03% |
| Net Income | 9.88M▲ 0% | 27.29M▲ 176.1% | -301.13M▼ 1203.3% | -877.08M▼ 191.3% | -536.42M▲ 38.8% | -206.29M▲ 61.5% | -165.87M▲ 19.6% |
| Net Margin % | 5.37% | 10.08% | -22.96% | -222% | -606.12% | -171.83% | -86.67% |
| Net Income Growth % | - | 176.11% | -1203.32% | -191.26% | 38.84% | 61.54% | 19.59% |
| Net Income (Continuing) | 9.88M | 27.29M | -301.13M | -877.08M | -536.42M | -206.29M | -165.87M |
| EPS (Diluted) | 0.13▲ 0% | 0.38▲ 192.3% | -0.41▼ 207.9% | -1.21▼ 195.1% | -1.16▲ 4.1% | -13.65▼ 1076.7% | -10.82▲ 20.7% |
| EPS Growth % | - | 192.31% | -207.89% | -195.12% | 4.13% | -1076.72% | 20.73% |
| EPS (Basic) | 0.13 | 0.38 | -0.41 | -1.21 | -1.16 | -13.65 | -10.82 |
| Diluted Shares Outstanding | 74.82M | 71.52M | 737.59M | 737.59M | 461.68M | 15.11M | 15.34M |
BETR Balance Sheet
Better Home & Finance Holding Company (BETR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'15 | Dec'16 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 18.75M | 10.32M | 938.32M | 317.96M | 529.19M | 264.88M | 220.22M |
| Cash & Due from Banks | 18.75M | 10.32M | 938.32M | 317.96M | 503.59M | 211.1M | 116.61M |
| Short Term Investments | 0 | 0 | 0 | 0 | 25.6M | 53.77M | 103.61M |
| Total Investments | 0 | 0 | -279.09M | 0 | 25.6M | 53.77M | 831.5M |
| Investments Growth % | - | - | - | 100% | - | 110.08% | 1446.29% |
| Long-Term Investments | 0 | 0 | -279.09M | 0 | 0 | 0 | 727.89M |
| Accounts Receivables | 0 | 0 | 0 | 283.08M | 0 | 0 | 0 |
| Goodwill & Intangibles | 316.89M | 711.95M | 92.3M | 79.38M | 70.52M | 44.55M | 32.98M |
| Goodwill | 47.42M | 151.95M | 19.81M | 17.39M | 32.39M | 23.61M | 10.99M |
| Intangible Assets | 269.47M | 560M | 72.49M | 62M | 38.13M | 20.94M | 21.98M |
| PP&E (Net) | 2.15M | 45.88M | 97.93M | 70.15M | 36.44M | 4.1M | 6.62M |
| Other Assets | 2.9M | -8.62M | 23.56M | 239.65M | 1.72M | 2.54M | 496.67M |
| Total Current Assets | 38.85M | 79.23M | 3.09B | 694.16M | 792.09M | 861.86M | 241.27M |
| Total Non-Current Assets | 321.94M | 759.01M | 213.79M | 389.19M | 108.67M | 51.19M | 1.26B |
| Total Assets | 360.79M▲ 0% | 838.24M▲ 132.3% | 3.3B▲ 293.6% | 1.08B▼ 67.2% | 905.55M▼ 16.4% | 913.06M▲ 0.8% | 1.51B▲ 64.9% |
| Asset Growth % | - | 132.33% | 293.65% | -67.17% | -16.41% | 0.83% | 64.88% |
| Return on Assets (ROA) | 2.74% | 4.55% | -14.55% | -40.02% | -53.94% | -22.69% | -13.72% |
| Accounts Payable | 9.3M | 32.58M | 133.26M | 82.44M | 66.56M | 48.13M | 74.56M |
| Total Debt | 16.51M | 7.67M | 2.37B | 1.1B | 672.06M | 767.9M | 615.29M |
| Net Debt | -2.24M | -2.65M | 1.43B | 778M | 168.47M | 556.8M | 498.68M |
| Long-Term Debt | 3.76M | 6.68M | 626.36M | 894.4M | 514.64M | 519.75M | 198.8M |
| Short-Term Debt | 12.75M | 991K | 1.67B | 144.05M | 126.22M | 244.07M | 411.86M |
| Other Liabilities | 277.17M | 664.9M | -416.81M | 34.65M | 28.84M | 11.84M | 852.96M |
| Total Current Liabilities | 59.33M | 60.04M | 2.34B | 264.69M | 208.26M | 435.56M | 416.49M |
| Total Non-Current Liabilities | 286.04M | 726.47M | 283.21M | 986.56M | 574.69M | 535.66M | 1.05B |
| Total Liabilities | 345.37M | 786.51M | 2.62B | 1.25B | 782.95M | 971.23M | 1.47B |
| Total Equity | 15.42M▲ 0% | 51.73M▲ 235.4% | 677.81M▲ 1210.2% | -167.9M▼ 124.8% | 122.6M▲ 173.0% | -58.17M▼ 147.4% | 37.18M▲ 163.9% |
| Equity Growth % | - | 235.43% | 1210.19% | -124.77% | 173.02% | -147.45% | 163.92% |
| Equity / Assets (Capital Ratio) | 4.27% | 6.17% | 20.54% | -15.5% | 13.54% | -6.37% | 2.47% |
| Return on Equity (ROE) | 64.09% | 81.28% | -82.55% | -344.01% | -437.54% | -640.35% | -446.09% |
| Book Value per Share | 0.21 | 0.72 | 0.92 | -0.23 | 0.27 | -3.85 | 2.42 |
| Tangible BV per Share | -4.03 | -9.23 | 0.79 | -0.34 | 0.11 | -6.80 | 0.27 |
| Common Stock | 0 | 8K | 10K | 10K | 74K | 2K | 2K |
| Additional Paid-in Capital | 0 | 0 | 13.69M | 618.11M | 1.84B | 1.86B | 2.11B |
| Retained Earnings | 14.62M | 41.92M | -292.61M | -1.17B | -1.7B | -1.91B | -2.08B |
| Accumulated OCI | 0 | -31.47M | -105K | -1.42M | -1.71M | -1.94M | 3.66M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 436.28M | 436.28M | 0 | 0 | 0 |
BETR Cash Flow Statement
Better Home & Finance Holding Company (BETR) cash flow — operating, investing & free cash flow history
| Line item | Dec'15 | Dec'16 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 47M | -803K | 361.21M | 938.22M | -159.72M | -379.97M | -232.15M |
| Operating CF Growth % | - | -101.71% | 45083.19% | 159.74% | -117.02% | -137.9% | 38.9% |
| Net Income | 9.88M | 27.29M | -301.13M | -262.94M | -536.42M | -206.29M | -165.87M |
| Depreciation & Amortization | 5.37M | 9.5M | 27.22M | 49.42M | 42.89M | 33.23M | 14.07M |
| Deferred Taxes | -8.24M | -1.66M | 118.31M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 56.79M | -81.27M | 51.84B | 11.67B | 332.58M | -223.38M | -106.68M |
| Working Capital Changes | -20.11M | 39.67M | -51.37B | -10.55B | -52.93M | -10.28M | 26.33M |
| Cash from Investing | -8.61M | -388.08M | -68.7M | -34.66M | -38.59M | -143.81M | -595.93M |
| Purchase of Investments | 0 | 0 | 0 | 0 | -48.19M | -211.86M | -5.24B |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 31.32M | 183.31M | 5.13B |
| Net Investment Activity | 0 | 0 | 0 | 0 | -16.87M | -28.55M | -111.94M |
| Acquisitions | -7.83M | -365.62M | -5.07M | -3.85M | -11.95M | 0 | 0 |
| Other Investing | 0 | -16.52M | 5.02M | 4.47M | 0 | -105.17M | -472.76M |
| Cash from Financing | -25.26M | 380.97M | 304.54M | -1.54B | 381.4M | 239.13M | 714.34M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -18.75M | -10.32M | -5.65M | -7.95M | 0 | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 0 | 16.35M | 91K | 29.3M |
| Net Stock Activity | -18.75M | -10.32M | -5.65M | -7.95M | 16.35M | 91K | 29.3M |
| Debt Issuance (Net) | 0 | 0 | 1000K | -1000K | 1000K | 1000K | 1000K |
| Other Financing | -25.26M | 380.97M | 21.19M | 838K | 1.81M | 122.29M | 0 |
| Net Change in Cash | 13.14M▲ 0% | -8.43M▼ 164.2% | 597.09M▲ 7184.6% | -632.81M▼ 206.0% | 182M▲ 128.8% | -292.55M▼ 260.7% | -118.9M▲ 59.4% |
| Exchange Rate Effect | 0 | -520K | 35K | 725K | -1.09M | -7.9M | -5.16M |
| Cash at Beginning | 5.62M | 18.75M | 381.79M | 978.87M | 346.06M | 528.07M | 235.52M |
| Cash at End | 18.75M | 10.32M | 978.87M | 346.06M | 528.07M | 235.52M | 116.61M |
| Interest Paid | 0 | 0 | 0 | 13.07M | 0 | 13.82M | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 1.83M | 0 | 0 | 0 |
| Free Cash Flow | 46.22M▲ 0% | -6.74M▼ 114.6% | 292.57M▲ 4440.8% | 902.94M▲ 208.6% | -169.5M▼ 118.8% | -390.05M▼ 130.1% | -233.35M▲ 40.2% |
| FCF Growth % | - | -114.58% | 4440.76% | 208.63% | -118.77% | -130.12% | 40.18% |
BETR Banking Ratios
Better Home & Finance Holding Company (BETR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2015 | 2016 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 64.09% | 81.28% | -82.55% | -344.01% | -437.54% | -640.35% | -446.09% |
| Return on Assets (ROA) | 2.74% | 4.55% | -14.55% | -40.02% | -53.94% | -22.69% | -13.72% |
| Net Interest Margin | 0% | 0% | -3.06% | -27.98% | -3.49% | 0% | 1.16% |
| Efficiency Ratio | 36.05% | 25.94% | 44.37% | 141.85% | 259.85% | 121.19% | 141.98% |
| Equity / Assets | 4.27% | 6.17% | 20.54% | -15.5% | 13.54% | -6.37% | 2.47% |
| Book Value / Share | 0.21 | 0.72 | 0.92 | -0.23 | 0.27 | -3.85 | 2.42 |
| NII Growth | - | - | - | -200.25% | 89.58% | 100% | - |
BETR Frequently Asked Questions
Better Home & Finance Holding Company (BETR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Better Home & Finance Holding Company (BETR) grew revenue by 59.4% over the past year. This is strong growth.
Better Home & Finance Holding Company (BETR) reported a net loss of $165.9M for fiscal year 2025.
Dividend & Returns
Better Home & Finance Holding Company (BETR) has a return on equity (ROE) of -446.1%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Better Home & Finance Holding Company (BETR) has a net interest margin (NIM) of 1.2%. NIM has been under pressure due to interest rate environment.
Better Home & Finance Holding Company (BETR) has an efficiency ratio of 142.0%. This is higher than peers, suggesting room for cost optimization.
Explore More BETR
Better Home & Finance Holding Company (BETR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates