Better Home & Finance Holding Company Class A Common Stock Earnings Recaps
Q1 2026
May 11, 2026
Better Home & Finance shares edged up 1.7% after Q1 results that showed solid volume growth but were tempered by slower-than-expected forward momentum due to macroeconomic headwinds and cautiously moderated guidance.
Key takeaways
- Funded loan volume reached approximately $1.64 billion in Q1, up 89% year-over-year, though Q2 guidance anticipates only 37% growth amid macro uncertainty.
- Revenue grew 52% year-over-year to $47.5 million, with expected 15% sequential revenue growth in Q2 driven by a mix shift towards higher-margin HELOC products.
- Adjusted EBITDA loss improved 48% year-over-year but remains negative at roughly $19 million.
- Conversion rates have softened recently as rising mortgage rates (from ~5.75% to >6.5%) due to geopolitical tensions cause consumer hesitation, especially for refis.
- Strategic cost reductions totaling at least $25 million annualized are in progress to support a path to adjusted EBITDA breakeven by end of Q3 2026.
Q3 2025
Nov 13, 2025
Better Home & Finance Holding Company reported a pivotal Q3 2025, highlighting a transformative shift toward an AI-driven platform that enhances profitability and market reach through strategic partnerships.
Key takeaways
- Announced three new partnerships that validate the company's strategy and are expected to significantly expand market reach.
- Monthly funded loan volume is projected to double to at least $1 billion within six months, driven by strong momentum from partnerships.
- Achieving breakeven adjusted EBITDA by Q3 2026 remains a key goal, supported by the strong unit economics of the Tinman AI platform.
- Default rates for originated mortgages are one-third that of the industry average, showcasing the effectiveness of Better's proprietary data and AI models.
- Continued expansion of the client pipeline illustrates growing demand for Better's innovative solutions in the home finance space.