Better Home & Finance Holding C
77.90+1.93 (+2.54%)
Oct 29, 4:00:02 PM EDT · NasdaqGM · BETR · USD
Key Stats
Market Cap
1.20BP/E (TTM)
-Basic EPS (TTM)
-13.22Dividend Yield
0%Recent Filings
8-K
CFO Kevin Ryan retires
Better Home & Finance Holding Company announced on September 30, 2025, that CFO Kevin Ryan is retiring to pursue other opportunities, with no disagreements on company matters. The firm launched a search for his successor, while Ryan aids the transition. He steered the company through its IPO and raised $1.25 billion in capital over five years. Vishal Garg praised Ryan's pivotal role. Leadership shifts test continuity amid market evolution.
10-Q
Q2 FY2025 results
Better Home & Finance Holding Company posted Q2 FY2025 net revenues of $44.1M, up 37% y/y from $32.3M, fueled by gain on loans jumping 52% y/y to $36.8M on funded volume surging to $1.2B from $962M, while net interest income dipped 21% y/y to $4.1M amid higher warehouse and deposit costs. Expenses climbed 9% y/y to $80.3M, driven by compensation up 17% y/y on headcount growth for the retail channel, yet net loss narrowed to $36.3M from $41.4M, with diluted EPS improving to $(2.39) from $(2.74) on 15.2M shares. Liquidity strengthened with cash and equivalents at $87.1M plus $134.4M short-term investments, customer deposits ballooning to $482.4M to fund $420.6M loans held for investment, while warehouse lines hit $371.2M against $575M capacity; in April 2025, the company exchanged $532.5M convertible notes for $155M senior notes due 2028 (6% rate, secured) plus a $110M cash payment, recognizing $210M gain through equity. U.K. units classified as held for sale saw $0.5M goodwill impairment. Regulatory risks loom from TRID compliance issues.
8-K
Q2 loan volume surges 25%
Better Home & Finance Holding Company reported Q2 2025 funded loan volume of $1.2 billion, up 25% year-over-year, fueled by 166% growth in home equity products and 109% in refinances, while purchase loans edged up 1%. Revenue climbed to $44 million from $32 million last year, narrowing net loss to $36 million; Adjusted EBITDA loss widened slightly to $27 million. The company retired $521 million in convertible debt with SoftBank, unlocking over $210 million in pre-tax equity value. AI efficiencies are boosting unit economics. It targets Adjusted EBITDA breakeven by Q3 2026 end.
8-K
New independent directors appointed
Better Home & Finance Holding Company appointed David Barse and Bhaskar Menon as independent directors, effective August 1, 2025, to bolster board oversight. Both qualify under Nasdaq independence rules, with committee roles pending. They'll receive prorated compensation: $150,000 annual cash retainer and $150,000 in restricted stock units vesting pre-annual meeting. This strengthens governance amid the company's emerging growth phase.
8-K
Annual meeting elects directors
Better Home & Finance Holding Company held its 2025 Annual Meeting on June 10, 2025, electing six directors—Harit Talwar, Vishal Garg, Michael Farello, Arnaud Massenet, Prabhu Narasimhan, and Steven Sarracino—to serve until the next meeting. Shareholders ratified Deloitte & Touche LLP as the independent auditor for 2025, with strong support: over 6 million votes for the election nominees and 6.6 million for the ratification. Votes against were minimal for directors but notable at 3.4 million for the auditor. This affirms steady governance amid ongoing operations.
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