Better Home & Finance Holding Company Class A Common Stock Q1 2026 Earnings Recap

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.