What is Better Home & Finance's net gains (losses) on investments?

Better Home & Finance (BETR) reported net gains (losses) on investments of $486.5K in Q4 2025.

What does net gains (losses) on investments mean?

Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

Better Home & Finance BETR Net gains (losses) on investments

Net gains (losses) on investments at other companies

Hanmi FinancialHAFC

-$467.75K—

Blend LabsBLND

-$381K—

City Holding CompanyCHCO

$7K+240%

Northrim BanCorpNRIM

-$256K-412%

Chimera Investment Corp.CIM

-$8.56M-410%

Intercontinental ExchangeICE

——

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:UnrealizedGainLossOnInvestments.

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 net gains (losses) on investments?: Better Home & Finance (BETR) reported net gains (losses) on investments of $486.5K in Q4 2025.
What does net gains (losses) on investments mean?: Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.