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Better Home & Finance BETR Operating Income
Discontinued — last reported Q4 '23
Operating Income at other companies
Other financials
Where this comes from
Reported directly by Better Home & Finance in its filing.
Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.
The source filing: Better Home & Finance’s 10-K, filed April 8, 2024.
- Filed
- Apr 8, 2024
- Fiscal year
- FY2023
- Accession
- 0001628280-24-015134
| (Amounts in thousands, except share and per share amounts) | Year Ended December 31, 2023 | Year Ended December 31, 2022 |
|---|---|---|
| Technology and product development expenses | 83,815 | 124,308 |
| Restructuring and impairment expenses (see Note 5) | 17,459 | 246,485 |
| Total expenses | 368,096 | 1,236,943 |
| (Loss) Income from operations | (291,276) | (858,920) |
| Interest and other income (expense), net | ||
| Other income | 13,614 | 3,556 |
| Interest expense and amortization on non-funding debt | (19,916) | (13,450) |
| Interest expense on Pre-Closing Bridge Notes | — | (272,667) |
Item 8. Financial Statements and Supplementary Data
FAQ
- What is Better Home & Finance's operating income?
- Better Home & Finance (BETR) reported operating income of -$56.62M in Q4 2023.
- How has Better Home & Finance's operating income changed year-over-year?
- Better Home & Finance's operating income increased by 55.0% year-over-year, from -$125.76M to -$56.62M.
- What is the long-term trend for Better Home & Finance's operating income?
- Over 2 years (2021 to 2023), Better Home & Finance's operating income has grown at a 453.5% compound annual growth rate (CAGR), from -$8.12M to -$248.78M.
- What does operating income mean?
- Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.
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