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Discontinued — last reported Q4 '23

Operating Income at other companies

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Intercontinental ExchangeICE
$1.67B+36.4%
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Blend LabsBLND
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Upstart Holdings, Inc.UPST
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LendingTreeTREE
$31.11M+538%

Other financials

Income statement

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Revenue$47.5M+51.6%
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:OperatingIncomeLoss.

The official record: Better Home & Finance’s 10-K, filed April 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

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.