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Better Home & Finance Holding Company

BETR NASDAQ Categories PDF
Financial Services · Financial - Mortgages · United States · Updated May 11, 1:55pm
$31.60
Price
$495.1M
Market Cap
1,250
Employees
1.85
Beta
Vishal Garg
CEO
Business Description

Better 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.

Business History
Price Overview
Last updated: May 11, 2026 1:55pm (just now)
$31.60
+1.53 (+5.09%)
Day Range
$29.46 – $31.95
52-Week Range
$10.81 – $94.06
50-Day MA
$36.23
200-Day MA
$38.42
Volume
307,949.48
Analyst Price Targets
Low $40.00
Consensus $46.50
High $53.00
(2 analysts)
Share Structure
Outstanding 15,669,118.00
Float 8,717,456.00
Free Float 55.6%
Normal free float — 55.6% of shares trade freely, ~44.4% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Small absolute float (8.7M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-2.92
Stock Price: $31.60
EPS (Diluted): -10.82
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
13.44
Stock Price: $31.60
Total Equity: $37.18M
Shares: 15,335,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-9.01
Market Cap: $495.14M
Total Debt: $610.66M
Cash: $116.62M
EBITDA: -$108.91M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$998.3M
Market Cap: $495.14M
Total Debt: $610.66M
Cash: $116.62M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
77.7%
Gross Profit: $148.73M
Revenue: $191.37M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-64.3%
Operating Income: -$122.98M
Revenue: $191.37M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-86.7%
Net Income: -$165.87M
Revenue: $191.37M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-1,184.8%
Net Income: -$165.87M
Total Equity: $37.18M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-8.2%
Operating Income: -$122.98M
Tax Rate: 0.0%
Equity: $37.18M
Total Debt: $610.66M
Cash: $116.62M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
0.58
Current Assets: $241.27M
Current Liabilities: $416.49M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
16.42
Short-Term Debt: $411.86M
Long-Term Debt: $198.80M
Total Debt: $610.66M
Total Equity: $37.18M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$12.48
Revenue: $191.37M
Shares: 15,335,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$2.42
Total Equity: $37.18M
Shares: 15,335,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-15.22
Operating CF: -$232.15M
CapEx: -$1.19M
Shares: 15,335,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $31.60
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$165.87M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BETR against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $1.3B $395.1M $88.5M $120.1M $191.4M
Cost of Revenue $969.3M $693.6M $149.8M $162.6M $42.6M
Gross Profit $342.3M -$298.5M -$61.3M -$42.5M $148.7M
Operating Expenses $582.0M $560.4M $230.0M $145.5M $271.7M
Operating Income -$239.7M -$858.9M -$291.3M -$188.0M -$123.0M
Net Income -$301.1M -$877.1M -$536.4M -$206.3M -$165.9M
EBITDA -$175.3M -$523.4M -$459.9M -$154.8M -$108.9M
EPS $-0.41 $-1.21 $-1.16 $-13.65 $-10.82
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $938.3M $318.0M $503.6M $211.1M $116.6M
Total Current Assets $3.1B $694.2M $792.1M $861.9M $241.3M
Total Assets $3.3B $1.1B $905.6M $913.1M $1.5B
Current Liabilities $2.3B $264.7M $208.3M $435.6M $416.5M
Long-Term Debt $626.4M $894.4M $514.6M $519.7M $198.8M
Total Liabilities $2.6B $1.3B $783.0M $971.2M $1.5B
Total Equity $676.4M -$167.9M $122.6M -$58.2M $37.2M
Retained Earnings -$292.6M -$1.2B -$1.7B -$1.9B -$2.1B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $361.2M $938.2M -$159.7M -$380.0M -$232.2M
Capital Expenditure -$68.6M -$35.3M -$9.8M -$10.1M -$1.2M
Free Cash Flow $292.6M $902.9M -$169.5M -$390.1M -$233.3M
Acquisitions (net) -$5.1M -$3.8M -$11.9M $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$5.6M -$7.9M $0 $0 $0
Net Change in Cash $597.1M -$632.8M $182.0M -$292.5M -$118.9M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $161.3M
$159.3M – $163.2M
 $253.1M
$236.4M – $269.9M
 $388.2M
$367.6M – $402.5M
 $448.1M
$424.4M – $464.7M
EBITDA -$119.4M
-$120.9M – -$118.0M
 -$187.5M
-$199.9M – -$175.1M
 -$287.5M
-$298.1M – -$272.2M
 -$331.8M
-$344.1M – -$314.3M
Net Income -$143.3M
-$151.8M – -$134.8M
 -$65.8M
-$69.7M – -$61.9M
 $21.3M
$20.0M – $22.5M
 $60.9M
$56.7M – $63.8M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -69.9% -77.6% +35.7% +59.4%
Gross Profit Growth -187.2% +79.5% +30.6% +449.8%
Operating Income Growth -258.4% +66.1% +35.5% +34.6%
Net Income Growth -191.3% +38.8% +61.5% +19.6%
EBITDA Growth -198.5% +12.1% +66.3% +29.6%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-05 Smith Chad M. M-Exempt 5,000.00 $0.00 $0
2026-05-08 Smith Chad M. S-Sale 1,366.00 $29.81 $40,726
2026-05-08 Smith Chad M. S-Sale 971.00 $30.51 $29,625
2026-05-08 Smith Chad M. S-Sale 118.00 $31.38 $3,703
2026-05-06 Smith Chad M. M-Exempt 5,000.00 $0.00 $0
2026-05-06 Smith Chad M. F-InKind 2,545.00 $42.69 $108,646
2026-05-07 Garg Vishal P-Purchase 6,483.00 $30.00 $194,490
2026-05-07 Garg Vishal P-Purchase 100.00 $29.95 $2,995
2026-03-12 Orn Jonsson Sigurgeir 46,276.00 $82.77 $3.8M
2026-04-10 Framework Ventures IV L.P. P-Purchase 54,384.00 $32.96 $1.8M
2026-04-09 Talwar Harit P-Purchase 5,000.00 $32.89 $164,432
2026-04-08 Garg Vishal P-Purchase 10,000.00 $35.05 $350,519
2026-04-08 Orn Jonsson Sigurgeir P-Purchase 979.00 $36.09 $35,332
2026-04-08 Orn Jonsson Sigurgeir P-Purchase 21.00 $36.05 $757
2026-04-08 Advani Loveen P-Purchase 10.00 $35.50 $355
2026-04-08 MENON BHASKAR P-Purchase 590.00 $34.14 $20,140
2026-04-08 Talwar Harit P-Purchase 1,000.00 $33.34 $33,340
2026-04-02 Orn Jonsson Sigurgeir F-InKind 1,409.00 $32.90 $46,356
2026-03-12 Orn Jonsson Sigurgeir 0.00 $0.00 $0
2026-03-12 Orn Jonsson Sigurgeir 63,850.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27