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Better Home & Finance BETR Mortgage platform — Expenses

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Other financials

Income statement

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Revenue$47.5M+51.6%
Operating income-$56.6M+55.0%
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

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Market cap$482.69M+142%
Enterprise value$413.4M+360%
P/S2.7×+1.0×

Profitability

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Operating margin-343.9%
Net margin-103.2%-30.0pp
FCF margin-133.4%-50.3pp

Returns & leverage

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Return on equity-875.5%-1,394pp
Debt / equity0.5×
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:CostOfGoodsAndServicesSold.

The official record: Better Home & Finance’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Better Home & Finance's mortgage platform — expenses?
Better Home & Finance (BETR) reported mortgage platform — expenses of $200K in Q1 2026.
How has Better Home & Finance's mortgage platform — expenses changed year-over-year?
Better Home & Finance's mortgage platform — expenses decreased by 33.3% year-over-year, from $300K to $200K.
What is the long-term trend for Better Home & Finance's mortgage platform — expenses?
Over 2 years (2023 to 2025), Better Home & Finance's mortgage platform — expenses has grown at a 6.1% compound annual growth rate (CAGR), from $800K to $900K.
What does mortgage platform — expenses mean?
This metric represents the total operating costs directly attributable to the mortgage origination and servicing platform. It encompasses personnel, technology infrastructure, and administrative overhead required to support the digital mortgage lending process. Monitoring this figure helps investors assess the cost structure and operational scalability of the company's primary lending business.