Better Home & Finance Holding Co. engages in the provision of comprehensive homeownership services. The company is headquartered in New York City, New York and currently employs 1,250 full-time employees. The company went IPO on 2021-03-04. The firm is an AI-powered mortgage lender and fintech company. Its AI platform, Tinman, allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in three weeks. In addition, Betsy, a voice-based AI loan assistant built exclusively for the mortgage industry that delivers timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. The company offers Home Finance (home loan) products and Better Plus (non-mortgage) products, including real estate services and insurance products. Its mortgage offerings include government-sponsored enterprises (GSE)-conforming mortgage loans, U.S. Federal Housing Administration (FHA) and Veterans Affairs (VA) loans, and jumbo mortgage loans. Its suite of non-mortgage products includes Better Real Estate, Better Settlement Services, and Better Cover.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenue
181
129
103
400
1,311
900
Revenue Growth (YoY)
52%
25%
-74%
-69%
46%
827.99%
Cost of Revenue
35
21
31
634
909
348
Gross Profit
145
108
72
-234
401
552
Selling, General & Admin
242
226
258
263
480
242
Research & Development
27
26
39
124
144
57
Operating Expenses
329
296
589
388
624
299
Other Non Operating Income (Expenses)
--
--
--
32
-32
-23
Pretax Income
-184
-205
-534
-887
-303
214
Income Tax Expense
0
0
1
1
-2
42
Net Income
-185
-206
-536
-888
-301
172
Net Income Growth
-6%
-62%
-40%
195%
-275%
-357%
Shares Outstanding (Diluted)
15.26
15.11
9.23
15.02
15.02
15.02
Shares Change (YoY)
1%
64%
-39%
0%
0%
0%
EPS (Diluted)
-12.13
-13.65
-58.09
-59.16
-20.04
11.45
EPS Growth
-7%
-77%
-2%
195%
-275%
-354%
Free Cash Flow
-234
-397
-169
902
292
-1,809
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
80.11%
83.72%
69.9%
-58.5%
30.58%
61.33%
Operating Margin
-101.65%
-144.96%
-500.97%
-155.75%
-16.93%
28%
Profit Margin
-102.2%
-159.68%
-520.38%
-222%
-22.95%
19.11%
Free Cash Flow Margin
-129.28%
-307.75%
-164.07%
225.5%
22.27%
-200.99%
EBITDA
-166
-154
-474
-574
-195
261
EBITDA Margin
-91.71%
-119.37%
-460.19%
-143.5%
-14.87%
28.99%
D&A For EBITDA
18
33
42
49
27
9
EBIT
-184
-187
-516
-623
-222
252
EBIT Margin
-101.65%
-144.96%
-500.97%
-155.75%
-16.93%
28%
Effective Tax Rate
0%
0%
-0.18%
-0.11%
0.66%
19.62%
Follow-Up Questions
What are Better Home & Finance Holding Co's key financial statements?
According to the latest financial statement (Form-10K), Better Home & Finance Holding Co has a total asset of $913, Net loss of $-206
What are the key financial ratios for BETR?
Better Home & Finance Holding Co's Current ratio is 0.94, has a Net margin is -159.68, sales per share of $8.53.
How is Better Home & Finance Holding Co's revenue broken down by segment or geography?
Better Home & Finance Holding Co largest revenue segment is Gain on loans, Net, at a revenue of 78,098,000 in the most earnings release.For geography, United States is the primary market for Better Home & Finance Holding Co, at a revenue of 108,488,000.
Is Better Home & Finance Holding Co profitable?
no, according to the latest financial statements, Better Home & Finance Holding Co has a net loss of $-206
Does Better Home & Finance Holding Co have any liabilities?
yes, Better Home & Finance Holding Co has liability of 971
How many outstanding shares for Better Home & Finance Holding Co?
Better Home & Finance Holding Co has a total outstanding shares of 15.16