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Better Home & Finance BETR Mortgage Platform — G&A

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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:GeneralAndAdministrativeExpense.

The official record: Better Home & Finance’s 10-K, filed March 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Better Home & Finance's mortgage platform — G&A?
Better Home & Finance (BETR) reported mortgage platform — G&A of $0 in Q4 2025.
How has Better Home & Finance's mortgage platform — G&A changed year-over-year?
Better Home & Finance's mortgage platform — G&A decreased by 100.0% year-over-year, from $25K to $0.
What is the long-term trend for Better Home & Finance's mortgage platform — G&A?
Over 2 years (2023 to 2025), Better Home & Finance's mortgage platform — G&A has grown at a -100.0% compound annual growth rate (CAGR), from $165.9K to $0.
What does mortgage platform — G&A mean?
This metric represents the overhead costs associated with operating the mortgage platform segment, excluding direct production or sales expenses. It captures administrative support, corporate allocations, and general management costs required to maintain the platform's infrastructure. Monitoring this helps investors assess the operational efficiency and scalability of the company's core mortgage business.