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Better Home & Finance BETR Banking — Loan origination expense

Other segment segments

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$14.5M+47.0%

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Other financials

Income statement

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Revenue$54.7M+28.2%
Operating income-$56.6M+55.0%
Net income-$30.6M+15.7%
EPS (diluted)-$1.64+31.4%

Balance sheet

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Cash & equivalents$111.9M+36.9%
Total debt$4.6M-24.1%
Total equity$57.9M-24.4%
Total assets$1.5B+25.2%

Cash flow

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Operating cash flow-$125.2M-119%
CapEx$92.0K-77.4%
Free cash flow-$125.6M-119%

Valuation

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Market cap$291.73M+37.2%
Enterprise value$184.42M+34.7%
P/S1.5×-0.1×

Profitability

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Operating margin-343.9%
Net margin-94.5%-26.8pp
FCF margin-134.3%-50.5pp

Returns & leverage

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Return on equity-267.7%-42.4pp
Debt / equity0.1×0.0×
Current ratio0.1×+0.1×

Where this comes from

Reported directly by Better Home & Finance in its filing.

Tagged under the XBRL concept us-gaap:LoanProcessingFee.

The source filing: Better Home & Finance’s 10-K, filed March 13, 2026.

Filed
Mar 13, 2026, 4:50 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-017747
Line itemHome FinanceBankingConsolidated
General and administrative41,6023,72145,323
Technology25,7722,10227,874
Marketing and advertising38,2936338,356
Loan origination expense14,49914,499
Depreciation and amortization13,25081914,069
Other expenses/(income)2,24614,09816,344
Income tax expense (benefit)525(472)53
Net loss$(140,428)$(25,444)$(165,872)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Better Home & Finance's banking — loan origination expense?
Better Home & Finance (BETR) reported banking — loan origination expense of $0 in Q4 2025.
What does banking — loan origination expense mean?
This metric represents the direct costs incurred by the banking segment to process, underwrite, and fund new loan applications. It captures the operational expenditure associated with converting a lead into a funded mortgage or credit product. Monitoring this helps evaluate the efficiency of the segment's lending operations and the cost-to-acquire for new credit assets.

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