Earnings summaries and quarterly performance for Better Home & Finance Holding.
Executive leadership at Better Home & Finance Holding.
Board of directors at Better Home & Finance Holding.
Research analysts who have asked questions during Better Home & Finance Holding earnings calls.
Brendan Michael McCarthy
Sidoti & Company, LLC
5 questions for BETR
Also covers: AGM, ALEX, BENF +5 more
Eric Hagen
BTIG
3 questions for BETR
Also covers: AGNC, AOMR, ARR +21 more
Bose George
Keefe, Bruyette & Woods
2 questions for BETR
Also covers: ACT, AGM, AGNC +25 more
Kartik Mehta
Northcoast Research
2 questions for BETR
Also covers: ADP, CTAS, DLX +14 more
Mikhail Goberman
Citizens JMP
2 questions for BETR
Also covers: ARR, CHMI, COOP +5 more
Owen Rickert
Northland Securities
2 questions for BETR
Also covers: ASPU, HNST, LTH +3 more
Reginald Smith
JPMorgan Chase & Co.
2 questions for BETR
Also covers: AFRM, BFH, CIFR +8 more
Will Brenneman
Northcoast Research
2 questions for BETR
Also covers: DLX
Abigail Rudder
Oppenheimer & Co. Inc.
1 question for BETR
Also covers: JKHY, SEZL
Alexander Bond
Keefe, Bruyette & Woods, Inc.
1 question for BETR
Also covers: RDN
Brendan Michael McCarthy
Sidoti & Company
1 question for BETR
Doug Harder
UBS
1 question for BETR
Doug Harter
UBS Group AG
1 question for BETR
Also covers: ARCC, ARR, BXMT +12 more
Frank Cicero
Keefe, Bruyette & Woods, Inc.
1 question for BETR
Frankie Cicero
KBW
1 question for BETR
Jake Kooyman
Oppenheimer & Co. Inc.
1 question for BETR
James Friedman
Susquehanna Financial Group, LLLP
1 question for BETR
Also covers: AFRM, AVDX, BILL +18 more
Michael Kaye
Wells Fargo & Company
1 question for BETR
Also covers: GWRE, OMF, PFSI +1 more
Steven Martin
Slater Capital Management
1 question for BETR
Also covers: CVGI, LRFC, PTMN
Recent press releases and 8-K filings for BETR.
Better Home & Finance Reports Q3 2025 Results and Strategic Growth Initiatives
BETR
Earnings
Guidance Update
New Projects/Investments
- Better Home & Finance reported a 17% year-over-year increase in funded loan volume to approximately $1.2 billion and a 51% year-over-year increase in revenue to approximately $44 million for Q3 2025, while its Adjusted EBITDA loss improved to approximately $25 million.
- The company announced three new strategic partnerships, including one with a top five U.S. personal financial services platform, which are currently contributing to a $500 million monthly volume run rate and are expected to double to at least $1 billion a month in funded loan volume within the next six months.
- The TinMan AI Platform, which now accounts for approximately 40% of total revenue, and Betsy AI have significantly improved unit economics, increasing the lead-to-lock conversion rate by 84% and boosting net contribution margin per fund by approximately 64% quarter-on-quarter to $1,772.
- Better Home & Finance aims to achieve break-even Adjusted EBITDA by Q3 2026 and expects over $600 million in AI platform originations in Q4 2025, representing over 24% growth from Q3.
Nov 13, 2025, 1:30 PM
Better Home & Finance Reports Strong Q3 2025 Growth Driven by AI and New Partnerships
BETR
Earnings
Guidance Update
New Projects/Investments
- Better Home & Finance (BETR) reported a 17% year-over-year increase in funded loan volume to approximately $1.2 billion and a 51% year-over-year increase in revenue to approximately $44 million in Q3 2025, with expenses remaining flat.
- The company's AI platform, Tin Man, and generative AI agent, Bettsy, are driving significant efficiencies, leading to a 64% quarter-on-quarter increase in net contribution margin per fund to $1,772 and a cost to originate approximately half the industry average.
- BETR announced three new partnerships with a top five US personal financial services platform, a top five US non-bank mortgage loan originator, and Finance of America, which are expected to drive transformative growth and contribute to a $1 billion a month origination run rate within six months.
- The company aims to achieve adjusted EBITDA profitability by the end of Q3 2026, supported by AI-driven improvements, efficiency gains, and continued cost reductions.
Nov 13, 2025, 1:30 PM
BETR Announces Q3 2025 Results with Revenue Growth and Expanding Margins
BETR
Earnings
Revenue Acceleration/Inflection
Guidance Update
- BETR reported a significant increase in total net revenue to $44 million in Q3 2025, up from $29 million in Q3 2024. Total funded loan volume also grew across all product categories, with Purchase at $774 million, HELOC at $253 million, and Refi at $183 million for Q3 2025.
- The company demonstrated improved profitability, with Adjusted Net Loss at $(28,459) thousand and Adjusted EBITDA at $(24,915) thousand in Q3 2025, showing improvement compared to Q3 2024. BETR targets Adjusted EBITDA breakeven by the end of Q3 2026.
- Contribution Margin Per Fund expanded to $1,772 in Q3 2025, up from $500 in Q1 2025, driven by AI-driven efficiencies. The Betsy AI assistant has led to a ~3x increase in Loan Officer Productivity and a ~2x increase in lead-to-lock conversion to 6%.
- BETR announced new partnerships, including with a Top Five U.S. Personal Financial Services Platform and a Top Five U.S. Non-bank Mortgage Originator. An existing bank partner generated $483 million in funded loan volume in Q3 2025, a ~13% quarter-over-quarter increase.
Nov 13, 2025, 1:30 PM
Better (BETR) Reports Strong Q3 2025 Growth Driven by AI Platform and Partnerships
BETR
Earnings
Guidance Update
New Projects/Investments
- In Q3 2025, Better (BETR) reported a 17% year-over-year increase in funded loan volume to approximately $1.2 billion and a 51% year-over-year increase in revenue to approximately $44 million. The adjusted EBITDA loss improved to approximately $25 million, down from $39 million a year ago.
- The company is rapidly evolving into a platform powering the home finance ecosystem through institutional partners, announcing three new partnerships. These partnerships are already pacing to fund $500 million in monthly volume, with expectations to double to at least $1 billion a month in the next six months.
- Better's AI-driven platforms, Bettsy and Tin Man, are central to its strategy, enabling the lowest unit costs and significantly improving efficiency, as demonstrated by a 51% revenue growth year-over-year with flat expenses. Bettsy, the generative AI home finance agent, has increased the direct-to-consumer conversion rate from 3.3% to over 6%.
- Better aims to achieve break-even adjusted EBITDA by Q3 2026. For Q4 2025, the company expects over $600 million in AI platform originations, representing over 24% growth versus Q3. The company ended Q3 2025 with $226 million in cash, restricted cash, short-term investments, and assets held for sale.
Nov 13, 2025, 1:30 PM
Better Home & Finance Holding Co Announces Q3 2025 Results
BETR
Earnings
Guidance Update
Management Change
- Better Home & Finance Holding Company reported Q3 2025 revenue of approximately $44 million, a net loss of approximately $39 million, and an Adjusted EBITDA loss of approximately $25 million.
- Total funded loan volume for Q3 2025 was approximately $1.2 billion, marking a 17% year-over-year growth compared to Q3 2024, or 56% growth when excluding volume from a discontinued partnership.
- The company anticipates achieving Adjusted EBITDA breakeven by the end of Q3 2026 and expects a $500 million monthly run rate in total funded loan volume in Q4 2025, with a target of $1 billion monthly run rate within the next six months.
- Better executed two significant strategic partnerships during Q3 2025, with a third subsequent to the quarter end, and announced that CFO Kevin Ryan will retire effective November 14, 2025.
Nov 13, 2025, 12:00 PM
Better Home and Finance CEO Discusses Technology, Strategy, and 2026 EBITDA Goal
BETR
Product Launch
New Projects/Investments
Guidance Update
- Better Home and Finance's CEO, Vishal Garg, outlined the company's vision to revolutionize the mortgage process by making it cheaper, faster, and easier through technology, utilizing a machine learning-driven matching engine and an AI layer (Tinman AI and Betsy).
- The company operates a balance sheet-light model, functioning as a network that connects consumers and partners with investors, thereby avoiding credit, prepayment, and liquidity risks.
- Better recently restructured its capital structure, retiring $375 million of debt for a $110 million cash payment, which resulted in $265 million of positive equity. The company's current warehouse capital of $575 million is expected to increase to $2 billion to support anticipated funding demand from new partnerships.
- Growth is driven by a B2B strategy, including the Neo platform for loan officers, which eliminates customer acquisition costs, and new partnerships leveraging its Tinman AI platform, with a strategic goal to achieve positive adjusted EBITDA by 2026.
- The Tinman AI platform, featuring Betsy AI, automates mortgage processing and underwriting, enabling a one-day mortgage with 42% of purchase commitments delivered in less than 15 seconds, and boasts significantly lower error and delinquency rates compared to the industry average.
Oct 14, 2025, 4:00 PM
Better Home & Finance Holding Co. Announces Strategic Partnerships and $75 Million ATM Program
BETR
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Better Home & Finance Holding Company (BETR) executed two new agreements in September 2025 expected to materially increase its monthly loan volume. These partnerships include one with a top five U.S. personal financial services platform and another with a top five non-bank mortgage originator, both utilizing Better's Tinman® AI platform.
- To support the anticipated growth, the company implemented a $75 million "at-the-market" (ATM) program for sales of its Class A common stock on September 26, 2025, with proceeds intended for general corporate purposes.
- If the entire $75 million from the ATM Program is sold, it is expected to provide sufficient funding to scale monthly originations from approximately $500 million to as much as $2.0 billion per month.
Sep 29, 2025, 10:10 AM
Quarterly earnings call transcripts for Better Home & Finance Holding.
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