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Better Home & Finance BETR Home Finance — Loan origination expense

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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+60.2%
Enterprise value$184.42M+70.5%
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 home finance — loan origination expense?
Better Home & Finance (BETR) reported home finance — loan origination expense of $3.62M in Q4 2025.
How has Better Home & Finance's home finance — loan origination expense changed year-over-year?
Better Home & Finance's home finance — loan origination expense increased by 47.0% year-over-year, from $2.47M to $3.62M.
What does home finance — loan origination expense mean?
This metric represents the direct costs incurred by the home finance segment to process, underwrite, and close mortgage loans. It captures the operational expenditures specifically tied to the loan production lifecycle, excluding general corporate overhead. Monitoring this helps investors assess the efficiency of the company's digital mortgage platform in scaling loan volume.

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