YOLFTbeta
Better Home & Finance Holding Company

Better Home & Finance Holding Company

BETR · NASDAQ · Financial Services / Mortgage Finance

15.44USD-0.24 (-1.53%)

Price History

Full chart

Market Stats

Previous Close15.68
Open15.71
Day Range15.00 – 15.88
52-Week Range7.51 – 82.89
Volume311.71K
Market Cap317.86M
P/E (TTM)0.00
Forward P/E51.81
EPS-9.70
Dividend Yield0.00%
Beta1.75
50-Day Avg12.16
200-Day Avg25.60

About

Better Home & Finance Holding Company operates as a homeownership company in the United States. The company provides government-sponsored enterprise (GSE) conforming loans, Federal Housing Administration insured loans, Department of Veterans Affairs guaranteed loans, and jumbo loans to GSEs, banks, insurance companies, asset managers, and mortgage real estate investment trusts. It offers real estate agent services, title insurance and settlement services, and homeowners insurance services. It also offers home equity lines of credit and closed-end second-lien loans. The company has a strategic collaboration with Coinbase Global, Inc. for the development of token-backed mortgage products. The company formerly known as Better Mortgage Corporation and changed its name to Better Home & Finance Holding Company in August 2023. Better Home & Finance Holding Company is headquartered in New York, New York.

Company Details

  • SectorFinancial Services
  • IndustryMortgage Finance
  • CEOMr. Vishal Garg
  • Employees1.33K
  • Headquarters1 World Trade Center, New York, NY, United States, 10007, USA
  • Websitehttps://better.com

Leadership

  • Mr. Vishal GargFounder & Director · b. 1978
  • Ms. Paula A. TuffinGeneral Counsel, Chief Compliance Officer, Director & Secretary · b. 1963
  • Mr. Loveen AdvaniCFO and Principal Financial & Accounting Officer · b. 1977
  • Mr. Barry S. FeiersteinChief Operating Officer · b. 1961
  • Tarek AfifiCorporate Finance & Investor Relations Manager
  • Mr. Sigurgeir JonssonChief Technology Officer
  • Mr. Nicholas J. Calamari J.D.Chief Administrative Officer, Director & Senior Counsel · b. 1979
  • Nick TaylorHead of Real Estate
  • Mr. Patrick KandianisHead of Business Development
  • Mr. Jerome John SelittoTreasurer · b. 1942

Financials

Income Statement

Currency: USD2015-12-312016-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue183.91M270.81M--1.31B395.08M88.50M120.05M191.37M
Growth (%)-+47.25%----69.88%-77.60%+35.65%+59.41%
Cost of Revenue80.97M140.70M--969.29M693.57M149.81M162.58M42.64M
Gross Profit102.94M130.11M--342.30M-298.49M-61.31M-42.52M148.73M
Gross Margin55.97%48.05%--26.10%-75.55%-69.28%-35.42%77.72%
Operating Expense66.31M69.75M--581.98M560.43M229.97M145.49M271.71M
Operating Income36.63M60.36M--20.00K-239.68M-858.92M-291.28M-188.02M-122.97M
Operating Margin19.92%22.29%---18.27%-217.40%-329.13%-156.61%-64.26%
EBITDA42.01M75.05M--20.00K-175.32M-523.38M-459.94M-154.79M-108.91M
EBITDA Margin22.84%27.71%---13.37%-132.47%-519.70%-128.93%-56.91%
Net Income9.88M27.29M--20.00K-301.13M-877.08M-536.42M-206.29M-165.87M
Net Income Margin5.37%10.08%---22.96%-222.00%-606.12%-171.83%-86.67%
R&D----144.49M124.31M83.81M--
R&D as % of Total Revenue----11.02%31.46%94.71%--
Interest Expense12.43M22.90M--100.97M303.18M31.60M-42.84M
Interest Expense % of Total Revenue6.76%8.46%--7.70%76.74%35.70%-22.39%

Balance Sheet

Currency: USD2015-12-312016-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets360.79M838.24M--3.30B1.08B905.55M913.06M1.51B
Total Liabilities345.37M786.51M--2.62B1.25B782.95M971.23M1.47B
Total Equity15.42M51.73M--676.44M-167.90M122.60M-58.17M37.18M
Cash18.75M10.32M--938.32M317.96M503.59M211.10M116.61M
Total Debt16.51M7.67M--2.37B1.10B672.06M767.90M615.29M
Net Debt-2.24M-2.65M--1.43B778.00M168.47M556.80M498.68M

Cash Flow

Currency: USD2015-12-312016-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow47.00M-803.00K-324.16M-20.00K361.21M938.22M-159.72M-379.97M-232.15M
Investing Cash Flow-8.61M-388.08M-13.47M16.99M-68.70M-34.66M-38.59M-143.81M-595.93M
Financing Cash Flow-25.26M380.97M369.83M20.00K304.54M-1.54B381.40M239.13M714.34M
Capital Expenditure777.00K5.94M7.05M12.40M68.65M35.28M9.78M10.08M1.19M
Free Cash Flow46.22M-6.74M--20.00K292.57M902.94M-169.50M-390.05M-233.35M
Dividends Paid22.29M--------
FCF to OCF98.35%839.35%-100.00%81.00%96.24%106.12%102.65%100.51%
Dividend Paid to FCF48.21%--------

Earnings

Report DateMay 26, 2021Aug 11, 2021Nov 15, 2021Mar 25, 2022May 16, 2022Aug 15, 2022Nov 14, 2022Dec 31, 2022Apr 17, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Mar 19, 2025May 14, 2025Aug 13, 2025Nov 12, 2025Mar 13, 2026May 11, 2026Aug 6, 2026Nov 12, 2026
EPS Estimate0.000.000.000.000.000.000.00-0.00------0.000.00-2.18-1.79-1.82-1.70-1.41-1.44
EPS Actual-0.07-0.16-0.020.100.030.05-0.039.940.20-0.06-34.24-3.92-3.41-2.74-3.58-3.91-3.33-1.99-1.86-1.70-2.69-1.74-
Surprise-----------------8.72%-3.91%6.59%-58.33%-23.40%-
Timing-----------------After-hoursAfter-hoursAfter-hoursPre-marketAfter-hours-

Key Statistics & Ratios

Market Cap317.86M
Enterprise Value1.23B
Trailing P/E0.00
Forward P/E51.81
Price / Sales1.65
Price / Book11.42
EPS-9.70
Book Value3.05
Revenue (TTM)193.06M
Gross Profit (TTM)193.06M
Profit Margin-93.21%
Operating Margin-56.86%
Return on Equity-250.42%
Return on Assets-12.14%
Shares Outstanding13.26M
Shares Float8.45M
Beta1.75
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 8 analystsTarget 22.14
  • Strong Buy
    6
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
54.94%
Insiders
34.46%
Retail / Other
10.60%

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  • The Goldman Sachs Group Inc
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    253.99K1.34%
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    237.32K1.25%
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    221.64K1.17%
  • State Street Corp
    180.53K0.95%
  • Morgan Stanley - Brokerage Accounts
    130.30K0.69%
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    127.26K0.67%
  • GRATIA CAPITAL, LLC
    100.46K0.53%
  • Northern Trust Corp
    75.19K0.40%
  • Vanguard Fiduciary Trust Co
    71.92K0.38%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    365.09K1.92%
  • iShares Russell 2000 ETF
    244.97K1.29%
  • Fidelity Small Cap Index
    87.13K0.46%
  • iShares Russell 2000 Growth ETF
    86.45K0.45%

Stock Splits

  • Aug 19, 20241:50