Better Home & Finance Holding Co (BETR) reported revenue of $164.87M and net income of -$165.87M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from Better Home & Finance Holding Co’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Loan Brokers.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | $164.87M | $108.49M | $72.34M | $378.02M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | -$291.28M | -$858.92M |
| Net income | -$165.87M | -$206.29M | -$536.42M | -$877.08M |
| Research & development | $27.87M | $26.11M | $39.43M | $124.31M |
| Weighted-average diluted shares | shares 15.36M | shares 15.11M | shares 9.23M | shares 291.30M |
| Pretax income | -$165.82M | -$205.44M | -$534.42M | -$875.98M |
| Income tax expense | $53.00K | $850.00K | $2.00M | $1.10M |
| Diluted EPS | $-10.80 | $-13.65 | $-58.09 | $-3.01 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $45.32M | $52.23M | $60.15M | $185.88M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash & equivalents | $79.36M | $211.10M | $503.59M | $317.96M |
| Total assets | $1.51B | $913.06M | $905.55M | $1.08B |
| Current assets | Unavailable | Unavailable | Unavailable | $419.18K |
| Total liabilities | $1.47B | $971.23M | $782.95M | $1.25B |
| Current liabilities | Unavailable | Unavailable | Unavailable | $15.02M |
| Total equity incl. NCI | $37.18M | -$58.17M | $122.60M | -$604.18M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | $0 | $436.28M |
| Inventory | Unavailable | Unavailable | $0 | $1.14M |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $11.00M | $23.62M | $32.39M | $17.39M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating cash flow | -$166.58M | -$379.97M | -$159.72M | $938.25M |
| Capital expenditures | $1.19M | $3.39M | $456.00K | $11.74M |
| Investing cash flow | -$661.51M | -$143.81M | -$38.59M | -$34.58M |
| Financing cash flow | $714.34M | $239.13M | $381.40M | -$1.54B |
| Net change in cash | -$121.25M | -$284.87M | $182.00M | -$632.81M |
| Stock-based compensation | $20.43M | $26.75M | $54.16M | $30.54M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | $0 | $7.95M |
| Depreciation & amortization | $1.00M | $7.10M | $5.80M | $13.70M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free cash flow | -$167.77M | -$383.36M | -$160.18M | $926.52M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | -227.2% |
| FCF margin | -101.8% | -353.4% | -221.4% | 245.1% |
| SBC / revenue | 12.4% | 24.7% | 74.9% | 8.1% |
| Current ratio | Unavailable | Unavailable | Unavailable | 0.03x |
| Revenue YoY growth | 52.0% | 50.0% | -80.9% | Unavailable |
| Net margin | -100.6% | -190.2% | -741.5% | -232.0% |
| R&D / revenue | 16.9% | 24.1% | 54.5% | 32.9% |
| CapEx / revenue | 0.7% | 3.1% | 0.6% | 3.1% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BETR in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.