The company's financial position is increasingly vulnerable, as evidenced by a current ratio that plummeted from 3.80 in 2023Q4 to 0.19 in 2026Q1.
| Total Current Assets | 96.46M | 241.27M | 861.86M | 792.09M | 694.16M | 3.09B | 79.23M | 38.85M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 34.83M | 184.51M | 28.11M | 2.11B | 7.8M | 1.29M |
| Total Non-Current Assets | 1.47B | 1.26B | 51.19M | 108.67M | 389.19M | 213.79M | 759.01M | 321.94M |
| Property, Plant & Equipment | 6.4M | 6.62M | 4.1M | 36.44M | 70.15M | 97.93M | 45.88M | 2.15M |
| Fixed Asset Turnover | 30.75x | 28.90x | 29.25x | 2.43x | 5.63x | 13.39x | 5.90x | 85.42x |
| Goodwill | 0 | 10.99M | 23.61M | 32.39M | 17.39M | 19.81M | 151.95M | 47.42M |
| Intangible Assets | 28.96M | 21.98M | 20.94M | 38.13M | 62M | 72.49M | 560M | 269.47M |
| Long-Term Investments | 737.96M | 727.89M | 0 | 0 | 0 | -279.09M | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - |
| Total Assets | 1.57B | 1.51B | 913.06M | 905.55M | 1.08B | 3.3B | 838.24M | 360.79M |
| Asset Turnover | 0.14x | 0.13x | 0.13x | 0.10x | 0.36x | 0.40x | 0.32x | 0.51x |
| Asset Growth % | 214.44% | 64.88% | 0.83% | -16.41% | -67.17% | 293.65% | 132.33% | - |
| Total Current Liabilities | 511.96M | 416.49M | 435.56M | 208.26M | 264.69M | 2.34B | 60.04M | 59.33M |
| Accounts Payable | 0 | 74.56M | 48.13M | 66.56M | 82.44M | 133.26M | 32.58M | 9.3M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - |
| Short-Term Debt | 511.96M | 411.86M | 244.07M | 126.22M | 144.05M | 1.67B | 991K | 12.75M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | -833.09M | 6.12M | 0 | 0 | 477.33M | 26.46M | 36.84M |
| Current Ratio | 0.19x | 0.58x | 1.98x | 3.80x | 2.62x | 1.32x | 1.32x | 0.65x |
| Quick Ratio | 0.19x | 0.58x | 1.98x | 3.80x | 2.62x | 1.32x | 1.32x | 0.65x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.05B | 1.05B | 535.66M | 574.69M | 986.56M | 283.21M | 726.47M | 286.04M |
| Long-Term Debt | 198.8M | 198.8M | 519.75M | 514.64M | 894.4M | 626.36M | 6.68M | 3.76M |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.56B | 1.47B | 971.23M | 782.95M | 1.25B | 2.62B | 786.51M | 345.37M |
| Total Debt | 710.77M | 615.29M | 767.9M | 672.06M | 1.1B | 2.37B | 7.67M | 16.51M |
| Net Debt | 637.09M | 498.68M | 556.8M | 168.47M | 778M | 1.43B | -2.65M | -2.24M |
| Debt / Equity | 83.10x | 16.55x | - | 5.48x | - | 3.49x | 0.15x | 1.07x |
| Debt / EBITDA | -6.41x | - | - | - | - | - | 0.11x | 0.39x |
| Net Debt / EBITDA | -5.74x | - | - | - | - | - | -0.04x | -0.05x |
| Interest Coverage | -2.93x | -2.87x | - | -15.91x | -1.89x | -2.01x | 2.86x | 2.95x |
| Total Equity | 8.55M | 37.18M | -58.17M | 122.6M | -167.9M | 677.81M | 51.73M | 15.42M |
| Equity Growth % | 13405.66% | 163.92% | -147.45% | 173.02% | -124.77% | 1210.19% | 235.43% | - |
| Book Value per Share | 0.52 | 2.42 | -3.85 | 0.27 | -0.23 | 0.92 | 0.72 | 0.21 |
| Total Shareholders' Equity | 8.55M | 37.18M | -58.17M | 122.6M | -167.9M | 676.44M | 51.73M | 15.42M |
| Common Stock | 2K | 2K | 2K | 74K | 10K | 10K | 8K | 0 |
| Retained Earnings | -2.15B | -2.08B | -1.91B | -1.7B | -1.17B | -292.61M | 41.92M | 14.62M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.03M | 3.66M | -1.94M | -1.71M | -1.42M | -105K | -31.47M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 1.37M | 0 | 0 |
Rapidly depleting liquidity runway
As reported in recent financial filings, the company's equity base has deteriorated significantly, falling from $122.6 million in 2023Q4 to a mere $8.6 million by 2026Q1, signaling a precarious trajectory driven by persistent net losses and the inability to retain earnings within the business.
The consistent accumulation of negative retained earnings, which reached -$2.1 billion, indicates that the company is consuming its capital base to fund ongoing operations. This trend suggests that the balance sheet is becoming increasingly fragile, leaving little room for error in a high-interest-rate environment.
Based on the latest quarterly data, the current ratio has plummeted from 3.80 in 2023Q4 to 0.19 in 2026Q1, reflecting a critical contraction in the company's ability to cover short-term obligations with existing liquid assets as cash reserves dwindle toward $73.7 million.
The rapid decline in the current ratio suggests that the company's liquidity position is no longer adequate to support its current operating scale. Investors should monitor whether the firm can secure additional financing or achieve a sudden pivot to cash-flow positivity before the current cash runway is exhausted.
According to the company's balance sheet, the debt-to-equity ratio has surged to an extreme 83.10 as of 2026Q1, a dramatic increase from 5.48 in 2023Q4, which highlights the company's growing reliance on debt financing to sustain operations amidst a shrinking equity base.
This elevated leverage profile appears to be a necessity-driven response to operational cash burn rather than a strategic capital allocation choice. The high debt burden relative to equity suggests that the company's financial flexibility is severely constrained, increasing the risk of insolvency if market conditions do not improve.
As indicated by the financial statements, the company's equity position has been consistently eroded by deep, recurring losses, with retained earnings reaching -$2.1 billion, which effectively negates the value of shareholder capital and underscores the lack of internal value creation over the observed period.
The persistent negative equity trend suggests that the company is effectively operating on borrowed time and capital. The lack of positive retained earnings implies that the business model has yet to prove its ability to generate sustainable returns for shareholders, warranting extreme caution regarding the long-term viability of the equity.
Quick answers to the most common questions about buying BETR stock.
As of 2025, Better Home & Finance Holding Company (BETR) had total assets of $1.51B including $241.3M in current assets.
Better Home & Finance Holding Company (BETR) carries total debt of $615.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Better Home & Finance Holding Company (BETR) has total shareholders' equity (book value) of $37.2M ($2.42 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Better Home & Finance Holding Company (BETR) reported a current ratio of 0.58x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.