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Better Home & Finance

BETR

Better Home & Finance is a technology-enabled homeownership company that provides a digital platform for mortgage, home equity, and related real estate services.

Market cap
$411.55M+105%
Revenue$179.8M+52.9%
Net income-$185.6M+9.6%
Free cash flow-$239.9M+39.6%
EPS (diluted)-$11.77+13.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$52.8M
EPS estimate-$1.15

Financials

Q1 2026

Income statement

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Revenue$47.5M+51.6%
Net income-$70.3M-39.1%
EPS (diluted)-$4.29-28.8%

Balance sheet

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Cash & equivalents$73.7M-36.9%
Total debt$4.4M-41.3%
Total equity$8.6M+108%
Total assets$1.6B+56.1%

Cash flow

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Operating cash flow-$125.2M-119%
CapEx$378.0K+87.1%
Free cash flow-$125.6M-119%

Valuation & ratios

Valuation

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Market cap$411.55M+105%
Enterprise value$342.26M+186%
P/S2.3×+0.7×

Profitability

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Net margin-103.2%-30.0pp
FCF margin-133.4%-50.3pp

Returns & leverage

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Debt / equity0.5×

Segments

By product

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Insurance services$578.0K-14.1%
Other revenue$347.0K-29.5%
Real estate services$170.0K-82.0%
International lending revenue$47.0K-96.9%

Competitors

Profile

Better Home & Finance is a technology-enabled homeownership company that provides a digital platform for mortgage, home equity, and related real estate services. The company leverages its proprietary Tinman AI platform to automate the loan origination process, aiming to reduce transaction costs and improve the speed of the homeownership journey. Its value proposition centers on a seamless, digital-first experience for consumers and strategic partners across the purchase, refinance, and sale stages.

Competitive position

A digital-first challenger in the mortgage industry focusing on low-cost loan manufacturing through high-scale automation and AI.

GeographiesUnited States, United Kingdom
Customer segmentsConsumers, Enterprise
Business modelB2C, B2B2C, Marketplace, SaaS
SuppliersWarehouse credit facility providers, Credit bureaus, Data API providers, Cloud infrastructure providers
CustomersFannie Mae, Freddie Mac, Institutional loan purchasers, Asset managers, Mortgage REITs
Listed2023
CEOVishal Garg
Websitebetter.com
FilingsSEC EDGAR

Questions, answered.

What is Better Home & Finance's market cap?
Better Home & Finance (BETR) has a market capitalization of $411.6M and trades on NASDAQ.
What is Better Home & Finance's revenue and profitability?
Better Home & Finance generated $179.8M in trailing twelve-month revenue with a net loss of $185.6M, representing a net margin of -103.2%, with free cash flow of -$239.9M. These figures are based on the Q1 2026 filing.
Who are Better Home & Finance's competitors?
Better Home & Finance's key competitors include ICE Mortgage Technology, Rocket Companies, UWM Holdings, and others. These companies compete in similar markets and product categories.
Who does Better Home & Finance partner with?
Better Home & Finance's notable partners include Fannie Mae, Freddie Mac.
What subsidiaries does Better Home & Finance have?
Better Home & Finance's subsidiaries include Birmingham Bank.
Where is Better Home & Finance headquartered?
Better Home & Finance is headquartered in United States of America. It has been publicly traded since 2023.