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Better Home & Finance BETR Payments to Develop Software

Payments to Develop Software at other companies

Intercontinental Exchange logo
Intercontinental ExchangeICE
$112M+7.7%
ServiceTitan, Inc. logo
ServiceTitan, Inc.TTAN
$6.66M+3.0%

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:PaymentsToDevelopSoftware.

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 payments to develop software?
Better Home & Finance (BETR) reported payments to develop software of $2.35M in Q1 2026.
How has Better Home & Finance's payments to develop software changed year-over-year?
Better Home & Finance's payments to develop software increased by 0.4% year-over-year, from $2.34M to $2.35M.
What is the long-term trend for Better Home & Finance's payments to develop software?
Over 2 years (2023 to 2025), Better Home & Finance's payments to develop software has grown at a 3.8% compound annual growth rate (CAGR), from $9.32M to $10.04M.
What does payments to develop software mean?
This captures the cash expenditures directed toward the internal development and enhancement of proprietary software platforms. For a digital-first company, this reflects ongoing investment in technological infrastructure and product innovation.