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

Net gains (losses) on investments at other companies

Intercontinental Exchange logo
Intercontinental ExchangeICE
$17M+183%
Hanmi Financial logo
Hanmi FinancialHAFC
-$467.75K
City Holding Company logo
City Holding CompanyCHCO
$58K+151%
Northrim BanCorp logo
Northrim BanCorpNRIM
-$256K-412%
C&F Financial logo
C&F FinancialCFFI
$4K+33.3%
First Financial Corporation logo
First Financial CorporationTHFF
-$109K-3,533%

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$340.6M+60.2%
Enterprise value$233.3M+70.5%
P/S1.8×+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:UnrealizedGainLossOnInvestments.

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
(Amounts in thousands)Year Ended December 31, 2025Year Ended December 31, 2024
Provision for credit losses5841,667
Amortization/accretion of deferred fees and costs(1,709)
Change in fair value of derivatives673(1,685)
Change in fair value of loans held for investment attributable to hedged risk(1,946)
Change in fair value of mortgage loans held for sale(7,357)(2,321)
Loss on disposal of assets held for sale692
Change in operating lease of right-of-use assets(3,291)(2,292)
Originations of mortgage loans held for sale(4,678,977)(3,649,956)

Item 8. Financial Statements and Supplementary Data

FAQ

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.

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