What is Better Home & Finance's senior unsecured notes, net?

Better Home & Finance (BETR) reported senior unsecured notes, net of $198.8M in Q1 2026.

What does senior unsecured notes, net mean?

This represents long-term corporate debt obligations that are not backed by specific collateral or assets. These notes are typically issued by companies with established credit profiles to fund general corporate purposes or long-term capital investments. The balance reflects the company's reliance on unsecured credit markets for its long-term capital structure.

Better Home & Finance BETR Senior unsecured notes, net

Senior unsecured notes, net at other companies

UWM HoldingsUWMC

$2.98B+7.1%

Hilltop HoldingsHTH

$148.65M-24.9%

Dream Finders HomesDFH

$591.69M+100%

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:SeniorNotes.

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 senior unsecured notes, net?: Better Home & Finance (BETR) reported senior unsecured notes, net of $198.8M in Q1 2026.
What does senior unsecured notes, net mean?: This represents long-term corporate debt obligations that are not backed by specific collateral or assets. These notes are typically issued by companies with established credit profiles to fund general corporate purposes or long-term capital investments. The balance reflects the company's reliance on unsecured credit markets for its long-term capital structure.