Better Home & Finance Holding Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Better Home & Finance Holding Co reported revenue of $164.9M (+52.0% year on year) and net income of ($165.9M) (+19.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Gain on loans, net | $136.1M | $78.1M | — | — |
| Other revenue | $11.3M | $12.9M | — | — |
| Interest income | $60.3M | $39.0M | $15.6M | — |
| Interest expense | ($42.8M) | ($21.5M) | — | — |
| Net interest income | $17.4M | $17.5M | $3.9M | — |
| Total net revenues | $164.9M | $108.5M | $76.8M | — |
| Compensation and benefits | $174.2M | $141.1M | — | — |
| General and administrative | $45.3M | $52.2M | $147.2M | — |
| Technology | $27.9M | $26.1M | $83.8M | — |
| Marketing and advertising | $38.4M | $34.0M | $22.1M | — |
| Loan origination expense | $14.5M | $9.9M | — | — |
| Depreciation and amortization | $14.1M | $33.2M | — | — |
| Other expenses/(income) | $16.3M | $17.4M | — | — |
| Total Expenses | $330.7M | $313.9M | $368.1M | — |
| Loss before income tax expense | ($165.8M) | ($205.4M) | ($534.4M) | — |
| Income tax expense | $53.0K | $850.0K | $2.0M | — |
| Net loss | ($165.9M) | ($206.3M) | ($536.4M) | $8.7M |
| Foreign currency translation adjustment, net of tax | $5.6M | ($222.0K) | ($291.0K) | — |
| Comprehensive loss | ($160.3M) | ($206.5M) | ($536.7M) | — |
| Loss per share attributable to common stockholders: Basic (in dollars per share) | -$10.80 | -$13.65 | -$1.16 | — |
| Loss per share attributable to common stockholders: Diluted (in dollars per share) | -$10.80 | -$13.65 | -$1.16 | — |
| Weighted average common shares outstanding — basic (in shares) | 15.4M | 15.1M | 461.7M | 24.3M |
| Weighted average common shares outstanding — diluted (in shares) | 15.4M | 15.1M | 461.7M | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Gain on loans, net | $51.5M | $44.8M | $36.4M | $36.8M |
| Other revenue | $1.1M | $1.1M | $2.8M | $3.3M |
| Interest income | $8.3M | $7.3M | $16.9M | $14.2M |
| Interest expense | ($6.2M) | ($5.7M) | ($12.2M) | ($10.1M) |
| Net interest income | $2.1M | $1.6M | $4.7M | $4.1M |
| Total net revenues | $54.7M | $47.5M | $43.9M | $44.1M |
| Compensation and benefits | $51.6M | $55.7M | $41.3M | $41.4M |
| General and administrative | $10.3M | $8.9M | $10.2M | $11.5M |
| Technology | $8.8M | $8.4M | $6.7M | $6.9M |
| Marketing and advertising | $9.4M | $9.2M | $10.5M | $11.1M |
| Loan origination expense | $3.5M | $7.7M | $3.7M | $3.9M |
| Depreciation and amortization | $3.0M | $3.0M | $3.4M | $3.5M |
| Other expenses (income) | ($462.0K) | $5.4M | $7.1M | $1.9M |
| Total expenses | $86.1M | $98.4M | $82.8M | $80.3M |
| Loss before income tax expense | ($31.4M) | ($50.9M) | ($39.0M) | ($36.2M) |
| Income tax (benefit) expense | $63.0K | ($1.6M) | $145.0K | $94.0K |
| Net loss continuing operations | ($31.5M) | ($49.4M) | — | — |
| Net income (loss) discontinued operations | $872.0K | ($21.0M) | — | — |
| Net loss | ($30.6M) | ($70.3M) | ($39.1M) | ($36.3M) |
| Net loss from continuing operations, basic (in dollars per share) | -$1.69 | -$3.01 | — | — |
| Net loss from continuing operations, diluted (in dollars per share) | -$1.69 | -$3.01 | — | — |
| Net income (loss) from discontinued operations, basic (in dollars per share) | $0.05 | -$1.28 | — | — |
| Net income (loss) from discontinued operations, diluted (in dollars per share) | $0.05 | -$1.28 | — | — |
| Net loss, basic (in dollars per share) | -$1.64 | -$4.29 | -$2.56 | -$2.39 |
| Net loss, diluted (in dollars per share) | -$1.64 | -$4.29 | -$2.56 | -$2.39 |
| Weighted average common shares outstanding - basic (in shares) | 18.7M | 16.4M | 15.3M | 15.2M |
| Weighted average common shares outstanding - diluted (in shares) | 18.7M | 16.4M | 15.3M | 15.2M |
| Foreign currency translation adjustment, net of tax | $49.0K | ($1.6M) | ($1.7M) | $5.3M |
| Comprehensive loss | ($30.5M) | ($71.9M) | ($40.9M) | ($31.0M) |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $99.8M | $211.1M | $503.6M | $285.3K |
| Restricted cash | $16.8M | $24.4M | $24.5M | — |
| Short-term investments | $103.6M | $53.8M | $25.6M | — |
| Mortgage loans held for sale, at fair value | $466.7M | $399.2M | $170.2M | — |
| Loans held for investment (net of allowance for credit losses of $2,251 and $1,667 as of December 31, 2025 and 2024, respectively) | $723.3M | $111.5M | — | — |
| Other receivables, net | $14.8M | $17.5M | $16.9M | — |
| Assets held for sale | $8.7M | $10.4M | — | — |
| Property and equipment, net | $1.9M | $2.7M | $16.5M | — |
| Right-of-use assets | $4.7M | $1.4M | $20.0M | — |
| Internal use software and other intangible assets, net | $22.0M | $20.9M | $38.1M | — |
| Goodwill | $11.0M | $23.6M | $32.4M | — |
| Derivative assets, at fair value | $4.2M | $2.5M | $1.7M | — |
| Prepaid expenses and other assets | $27.9M | $33.9M | $56.2M | — |
| Total Assets | $1.5B | $913.1M | $905.6M | $282.7M |
| Warehouse lines of credit | $411.9M | $244.1M | $126.2M | — |
| Convertible note | $0 | $519.7M | $514.6M | — |
| Senior notes | $198.8M | — | — | — |
| Customer deposits | $763.0M | $134.1M | $11.8M | — |
| Liabilities held for sale | $4.8M | $6.1M | — | — |
| Accounts payable and accrued expenses (includes $200 and $74 payable to related parties as of December 31, 2025 and 2024, respectively) | $74.6M | $48.1M | $66.6M | — |
| Escrow payable and other customer accounts | $172.0K | $74.0K | $3.4M | — |
| Derivative liabilities, at fair value | $2.4M | $0 | $949.0K | — |
| Warrant and equity related liabilities, at fair value | $1.5M | $1.4M | $2.3M | — |
| Lease liabilities | $4.6M | $4.1M | $31.2M | — |
| Other liabilities | $6.5M | $13.5M | $25.8M | — |
| Total Liabilities | $1.5B | $971.2M | $783.0M | $15.5M |
| Common stock $0.0001 par value; 66,000,000 and 66,000,000 shares authorized as of December 31, 2025 and 2024, respectively, and 15,996,907 and 15,168,795 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 2.0K | 2.0K | 74.0K | 1.0K |
| Notes receivable from stockholders | $0 | ($9.2M) | ($10.1M) | — |
| Additional paid-in capital | $2.1B | $1.9B | $1.8B | $18.4M |
| Accumulated deficit | ($2.1B) | ($1.9B) | ($1.7B) | $2.2M |
| Accumulated other comprehensive gain/(loss) | $3.7M | ($1.9M) | ($1.7M) | — |
| Total Stockholders’ Equity/(Deficit) | $37.2M | ($58.2M) | $122.6M | $20.6M |
| Total Liabilities and Stockholders’ Equity/(Deficit) | $1.5B | $913.1M | $905.6M | $282.7M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $102.3M | $64.3M | $73.9M | $87.1M |
| Restricted cash | $9.6M | $9.4M | $12.6M | $10.6M |
| Mortgage loans held for sale, at fair value | $511.1M | $563.0M | $414.0M | $447.7M |
| Other receivables, net | $18.2M | $16.1M | $32.9M | $30.9M |
| Property and equipment, net | $1.7M | $1.9M | $1.9M | $1.9M |
| Right-of-use assets | $4.7M | $4.5M | $4.7M | $4.8M |
| Internal use software and other intangible assets, net | $17.5M | $18.0M | $21.5M | $21.3M |
| Goodwill | $11.0M | $11.0M | $24.5M | $24.8M |
| Derivative assets | $3.6M | $6.0M | $5.3M | $5.2M |
| Prepaid expenses and other assets | $32.2M | $33.3M | $30.0M | $33.4M |
| Assets held for sale and discontinued operations | $830.4M | $841.3M | $7.7M | $9.1M |
| Total Assets | $1.5B | $1.6B | $1.4B | $1.2B |
| Warehouse lines of credit | $454.3M | $507.6M | $349.8M | $371.2M |
| Senior notes | $198.8M | $198.8M | $198.8M | $200.4M |
| Accounts payable and accrued expenses (includes payables to related parties of $453 and $200) | $50.1M | $60.4M | $74.3M | $63.8M |
| Escrow payable and other customer accounts | $806.0K | $664.0K | $410.0K | $376.0K |
| Derivative liabilities | $220.0K | $329.0K | — | $2.4M |
| Warrant and equity related liabilities, at fair value | $2.2M | $3.2M | $7.3M | $1.8M |
| Lease liabilities | $4.6M | $4.4M | $5.1M | $6.0M |
| Other liabilities | $6.2M | $6.1M | $6.5M | $20.1M |
| Liabilities held for sale and discontinued operations | $767.2M | $778.7M | $5.2M | $6.9M |
| Total Liabilities | $1.5B | $1.6B | $1.3B | $1.2B |
| Common stock $0.0001 par value; 66,000,000 shares authorized and 18,981,789 and 15,996,907 shares issued and outstanding | 2.0K | 2.0K | 2.0K | 2.0K |
| Additional paid-in capital | $2.2B | $2.2B | $2.1B | $2.1B |
| Accumulated deficit | ($2.2B) | ($2.1B) | ($2.0B) | ($2.0B) |
| Accumulated other comprehensive gain | $2.1M | $2.0M | $3.9M | $5.6M |
| Total Stockholders’ Equity | $57.9M | $8.6M | $41.9M | $76.6M |
| Total Liabilities and Stockholders’ Equity | $1.5B | $1.6B | $1.4B | $1.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($165.9M) | ($206.3M) | ($536.4M) | — |
| Depreciation of property and equipment | $1.0M | $7.1M | $5.8M | — |
| Impairment charges, net | $12.5M | $16.4M | $9.4M | — |
| Amortization of internal use software and other intangible assets | $13.0M | $26.1M | $37.1M | — |
| Gain on sale of loans, net | ($128.2M) | ($59.2M) | — | — |
| Non-cash interest and amortization of debt issuance costs and discounts | $1.7M | $6.2M | $8.2M | — |
| Change in fair value of warrants and equity related liabilities | $69.0K | ($924.0K) | $507.0K | ($12.9M) |
| Stock-based compensation | $20.4M | $26.8M | $54.2M | — |
| Recovery of loan repurchase reserve | ($821.0K) | ($9.9M) | ($1.8M) | — |
| Provision for credit losses | $584.0K | $1.7M | — | — |
| Amortization/accretion of deferred fees and costs | ($1.7M) | — | — | — |
| Change in fair value of derivatives | $673.0K | ($1.7M) | $452.0K | — |
| Change in fair value of loans held for investment attributable to hedged risk | ($1.9M) | — | — | — |
| Change in fair value of mortgage loans held for sale | ($7.4M) | ($2.3M) | $26.0K | — |
| Loss on disposal of assets held for sale | $692.0K | — | — | — |
| Change in operating lease of right-of-use assets | ($3.3M) | ($2.3M) | — | — |
| Originations of mortgage loans held for sale | ($4.7B) | ($3.6B) | ($3.0B) | — |
| Proceeds from sale of mortgage loans held for sale | $4.7B | $3.5B | $3.0B | — |
| Other receivables, net | $2.3M | ($1.9M) | ($97.0K) | — |
| Prepaid expenses and other assets | $9.5M | $16.9M | $14.7M | — |
| Operating lease liabilities | $548.0K | ($6.2M) | ($10.8M) | — |
| Accounts payable and accrued expenses | $17.0M | ($21.1M) | ($22.2M) | ($970.6K) |
| Escrow payable and other customer accounts | $484.0K | $567.0K | — | — |
| Other liabilities | ($3.5M) | $1.5M | ($29.9M) | — |
| Net cash used in operating activities | ($166.6M) | ($380.0M) | ($159.7M) | ($1.2M) |
| Purchase of property and equipment | ($1.2M) | ($3.4M) | ($456.0K) | — |
| Payment to dispose of assets held for sale | ($1.6M) | — | — | — |
| Proceeds from sale of property and equipment | $0 | $2.9M | $764.0K | — |
| Capitalization of internal use software | ($10.0M) | ($6.7M) | ($9.3M) | — |
| Maturities of short-term investments | $446.7M | $183.3M | $31.3M | — |
| Purchase of short-term investments | ($493.1M) | ($211.9M) | ($48.2M) | — |
| Origination of loans held for investment | ($603.8M) | ($110.9M) | — | — |
| Principal payments received on loans held for investment | $1.5M | $2.8M | — | — |
| Net cash used in investing activities | ($661.5M) | ($143.8M) | ($38.6M) | — |
| Principal payments on convertible notes | ($110.0M) | ($1.1M) | — | — |
| Principal payments on senior notes | ($1.6M) | — | — | — |
| Net borrowings on warehouse lines of credit | $167.8M | $117.9M | — | — |
| Net increase in customer deposits | $628.9M | $122.3M | ($534.0K) | — |
| Proceeds from issuance of common stock under at-the-market offering | $29.2M | $0 | $16.4M | — |
| Proceeds from issuance of common stock and exercise of stock options | $75.0K | $91.0K | $87.0K | — |
| Net cash provided by financing activities | $714.3M | $239.1M | $381.4M | $1.4M |
| Effects of currency translation on cash, cash equivalents, and restricted cash | ($7.5M) | ($217.0K) | ($1.1M) | — |
| Net decrease in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | ($121.2M) | ($284.9M) | $182.0M | $247.7K |
| Less: net change in cash, cash equivalents and restricted cash classified within assets held for sale | ($2.3M) | ($7.7M) | — | — |
| Cash, cash equivalents, and restricted cash—Beginning of year | $235.5M | $528.1M | $346.1M | $37.6K |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($100.9M) | ($70.3M) | ($126.0M) | ($86.8M) |
| Net income (loss) discontinued operations | ($20.1M) | ($21.0M) | — | — |
| Net loss from continuing operations | ($80.8M) | ($49.4M) | — | — |
| Depreciation of property and equipment | $500.0K | $244.0K | $796.0K | $711.0K |
| Impairment charges, net | $399.0K | ($87.0K) | — | — |
| Amortization of internal use software and other intangible assets | $5.5M | $2.8M | $10.1M | $6.8M |
| Gain on sale of loans, net | ($94.9M) | ($44.1M) | ($91.5M) | ($55.3M) |
| Non-cash interest and amortization of debt issuance costs and discounts | $0 | $0 | $1.7M | $1.7M |
| Change in fair value of warrants and equity related liabilities | $5.1M | $6.2M | $5.9M | $344.0K |
| Stock-based compensation | $38.4M | $23.8M | $12.6M | $8.3M |
| Provision (Recovery) of loan repurchase reserve | $1.5M | $638.0K | ($1.1M) | ($2.5M) |
| Change in fair value of derivatives | $68.0K | ($2.3M) | ($2.7M) | ($392.0K) |
| Change in fair value of mortgage loans held for sale | ($7.4M) | ($4.9M) | ($6.4M) | ($7.2M) |
| Gain on disposal of assets held for sale | ($1.0M) | ($1.0M) | $692.0K | — |
| Change in operating lease of right-of-use assets | $14.0K | $217.0K | ($3.3M) | ($3.4M) |
| Originations of mortgage loans held for sale | ($3.3B) | ($1.6B) | ($3.3B) | ($2.1B) |
| Proceeds from sale of mortgage loans held for sale | $3.3B | $1.6B | $3.3B | $2.1B |
| Other receivables, net | ($7.5M) | ($5.4M) | ($15.9M) | ($14.1M) |
| Prepaid expenses and other assets | ($5.2M) | ($6.2M) | $4.9M | ($1.5M) |
| Operating lease liabilities | ($51.0K) | ($246.0K) | $1.0M | $2.0M |
| Accounts payable and accrued expenses | ($13.1M) | ($2.0M) | $20.5M | $11.7M |
| Escrow payable and other customer accounts | $1.4M | $2.2M | $980.0K | $721.0K |
| Other liabilities | $2.4M | $2.5M | ($3.4M) | $10.2M |
| Net cash used in operating activities-continuing operations | ($98.5M) | ($124.8M) | — | — |
| Net cash used in operating activities-discontinued operations | ($3.2M) | ($381.0K) | — | — |
| Net cash used in operating activities | ($101.7M) | ($125.2M) | ($109.3M) | ($113.5M) |
| Purchase of property and equipment | ($470.0K) | ($378.0K) | ($849.0K) | ($609.0K) |
| Proceeds of sale of assets held for sale | $2.4M | $2.4M | — | — |
| Capitalization of internal use software | ($4.4M) | ($2.3M) | ($7.4M) | ($4.8M) |
| Net cash used in investing activities-continuing operations | ($2.5M) | ($355.0K) | — | — |
| Net cash used in investing activities-discontinued operations | $11.7M | ($11.2M) | — | — |
| Net cash provided by (used in) investing activities | $9.2M | ($11.6M) | ($589.5M) | ($382.0M) |
| Principal payments on convertible notes | $0 | — | ($111.6M) | ($110.0M) |
| Net borrowings on warehouse lines of credit | $42.5M | — | $105.7M | — |
| Proceeds from issuance of common stock | $77.7M | $11.7M | $589.0K | — |
| Proceeds from issuance of stock options | $0 | $0 | — | — |
| Proceeds from exercise of warrants | $5.7M | $5.7M | $4.0K | $1.0K |
| Net investment in discontinued operations | $0 | $0 | — | — |
| Net cash provided by/(used in) financing activities-continuing operations | $125.9M | $113.1M | — | — |
| Net cash (used in)/provided by financing activities-discontinued operations | ($17.0M) | ($7.9M) | — | — |
| Net cash provided by financing activities | $108.9M | $105.2M | $555.4M | $365.4M |
| Effects of currency translation on cash, cash equivalents, and restricted cash | ($269.0K) | ($803.0K) | ($6.9M) | ($8.9M) |
| Net change in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | $24.6M | ($12.8M) | ($150.4M) | ($139.1M) |
| Less: net change in cash, cash equivalents and restricted cash classified within assets held for sale | ($976.0K) | $1.8M | $1.3M | $1.3M |
| Cash, cash equivalents, and restricted cash—Beginning of period | $88.3M | $88.3M | $235.5M | $235.5M |
Better Home & Finance Holding Co score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.