BETRW · Better Home & Finance Holding Co
Price & Indicators
The closing range uses available history since Jul 23, 2026; less than a full year is stored.
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Latest filings
Better Home & Finance Holding Company appointed Linda Yaccarino as an independent director effective October 20, 2026. Paula Tuffin resigned from the Board effective October 22, 2026 but will continue as General Counsel, Chief Compliance Officer and Secretary.
Read the 8-KQuarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 10, 2026TL;DR. Better reported Q2 loan volume of $1.67B (+38% YoY) and net revenues of $54.7M (+28% YoY), but guided Q3 to lower loan volume of $1.375–$1.525B and a wider Adjusted EBITDA loss of $(18.0)–$(15.0)M amid an elevated-rate environment; founder Vishal Garg stepped down as CEO with board member Daniel Lewis named interim CEO, and the company raised its annualized cost-reduction target to exceed $45M by year-end.
- + Loan volume grew 38% YoY to $1.67B in Q2, exceeding the mid-point of prior guidance
- + Total net revenues grew 28% YoY to $54.7M in Q2 new
- + HELOC share of loan volume rose to 18% from 12% the prior quarter, a shift toward higher revenue-per-loan product new
- + Q2 Adjusted EBITDA loss improved 39% YoY to $(14.0)M
- + Company raised annualized cost-reduction target to exceed $45M by year-end 2026, above the prior $25M target new
- + Warehouse capacity expanded ~48% from year-end 2025 to ~$850M new
- − Company guided Q3 Adjusted EBITDA loss to $(18.0)–$(15.0)M, a wider loss than the Q2 $(14.0)M print new
- − Q3 loan volume guided to $1.375–$1.525B, implying sequential decline from Q2's $1.67B
- − Management expects elevated rate environment to persist over the medium term, pressuring mortgage application activity
- − Q2 GAAP net loss of $(30.6)M continued, with total expenses up YoY to $86.1M new
- − Company deprioritized long, expensive enterprise integrations that have not yielded material results, with no partner launches yet in Q3 new
- − Founder Vishal Garg stepped down as CEO; Daniel Lewis named interim CEO with a permanent CEO search underway new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders illustrative — not investment adviceIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Loan Volume | $1.4B | Q3 2026 preliminary | — |
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| Tinman AI platform volume | $790M | Q3 2026 | — |
| Total Loan Volume | $1.39B | Q3 2026 | — |
| Average Loan Amount | $291,208 | Three Months Ended June 30, 2026 filing | — |
| Better Real Estate Transaction Volume | $54M | Three Months Ended June 30, 2026 filing | — |
| Gain on Sale Margin | 3.09% | Three Months Ended June 30, 2026 filing | — |
| Insurance Coverage Written | $1.17B | Three Months Ended June 30, 2026 filing | — |
| Total Market Share | 0.3% | Three Months Ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | $14M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net loss -30.59M
+63K Income tax (benefit)/expense
+2.97M Depreciation and amortization expense
+14.59M Stock-based compensation expense
+14K Interest and amortization on non-funding debt
+909K Restructuring, impairment, and other expenses
-1.07M Change in fair value of warrants and equity related liabilities
-872K Loss from discontinued operations
= Adjusted EBITDA -13.99M
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| D2C Loan Volume | 755M | Q2 2026 | — |
| HELOC Loan Volume | 294M | Q2 2026 | — |
| Platform Loan Volume | 912M | Q2 2026 | — |
| Purchase Loan Volume | 824M | Q2 2026 | — |
| Refinance Loan Volume | 549M | Q2 2026 | — |
| Total Loans | 5,724 | Q2 2026 | — |
| Funded Loan Volume | 1.67B | three months ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Mortgage Finance — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BETRW
this stock
Better Home & Finance Holding Co
|
$395.17M | — | +52.0% | — | — |
|
RKT
Rocket Companies, Inc.
|
$33.33B | -40.2% | +31.2% | — | 5.0% |
|
FNMA
Federal National Mortgage Association Fannie Mae
|
$4.97B | -60.0% | -0.4% | 19.5 | 1.3% |
|
PFSI
PennyMac Financial Services, Inc.
|
$3.33B | -51.9% | +3.1% | 8.8 | 7.1% |
|
FMCC
Federal Home Loan Mortgage Corp
|
$2.54B | -61.4% | -2.7% | 391.0 | 1.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- % held
- 38.7%
- Reported
- 20 of 102
- Top holder
- BlackRock, Inc.
- Filed
- Oct 27, 2026
- This year
- 57
Better Home & Finance Holding Company appointed Linda Yaccarino as an independent director effective October 20, 2026. Paula Tuffin resigned from the Board effective October 22, 2026 but will continue as General Counsel, Chief Compliance Officer and Secretary.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BETRW | +1.3% | +20.0% | — | +28.7% | — |
| SPY | -0.1% | +1.3% | +5.6% | +1.3% | +13.3% |
| vs SPY | +1.4% | +18.7% | — | +27.4% | — |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.