What is BETTER HOME & FINANCE HOLDING's earnings per share (EPS)?

BETTER HOME & FINANCE HOLDING (BETRW) reported diluted earnings per share of $-10.80 for fiscal year 2025. This represents a 20.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BETTER HOME & FINANCE HOLDING Financials

BETRW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows BETTER HOME & FINANCE HOLDING (BETRW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 25/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

BETTER HOME & FINANCE HOLDING's revenue surged 52.0% year-over-year to $164.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

BETTER HOME & FINANCE HOLDING has elevated debt relative to equity (D/E of 39.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

While BETTER HOME & FINANCE HOLDING generated -$166.6M in operating cash flow, capex of $1.2M consumed most of it, leaving -$167.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

BETTER HOME & FINANCE HOLDING generates a -446.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Weak

1/9

BETTER HOME & FINANCE HOLDING passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

1.00x

For every $1 of reported earnings, BETTER HOME & FINANCE HOLDING generates $1.00 in operating cash flow (-$166.6M OCF vs -$165.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$164.9M

YoY+52.0%

BETTER HOME & FINANCE HOLDING generated $164.9M in revenue in fiscal year 2025. This represents an increase of 52.0% from the prior year.

EBITDA

N/A

Net Income

-$165.9M

YoY+19.6%

BETTER HOME & FINANCE HOLDING reported -$165.9M in net income in fiscal year 2025. This represents an increase of 19.6% from the prior year.

EPS (Diluted)

$-10.80

YoY+20.9%

BETTER HOME & FINANCE HOLDING earned $-10.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 20.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$167.8M

YoY+56.2%

BETTER HOME & FINANCE HOLDING generated -$167.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 56.2% from the prior year.

Cash & Debt

$99.8M

YoY-52.7%

BETTER HOME & FINANCE HOLDING held $99.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

16M

YoY+5.5%

BETTER HOME & FINANCE HOLDING had 16M shares outstanding in fiscal year 2025. This represents an increase of 5.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-100.6%

YoY+89.5pp

BETTER HOME & FINANCE HOLDING's net profit margin was -100.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 89.5 percentage points from the prior year.

Return on Equity

-446.1%

BETTER HOME & FINANCE HOLDING's ROE was -446.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$27.9M

YoY+6.8%

BETTER HOME & FINANCE HOLDING invested $27.9M in research and development in fiscal year 2025. This represents an increase of 6.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.2M

YoY-64.8%

BETTER HOME & FINANCE HOLDING invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 64.8% from the prior year.

BETRW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$164.9M+52.0%	$108.5M+50.0%	$72.3M-80.9%	$378.0M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$27.9M+6.8%	$26.1M-33.8%	$39.4M-68.3%	$124.3M	N/A
SG&A Expenses	$45.3M-13.2%	$52.2M-13.2%	$60.1M-67.6%	$185.9M	N/A
Operating Income	N/A	N/A	-$291.3M+66.1%	-$858.9M-10477.5%	-$8.1M
Interest Expense	$42.8M+99.4%	$21.5M+84.0%	$11.7M-31.5%	$17.1M	N/A
Income Tax	$53K-93.8%	$850K-57.5%	$2.0M+81.6%	$1.1M	N/A
Net Income	-$165.9M+19.6%	-$206.3M+61.5%	-$536.4M+38.8%	-$877.1M-13337.3%	-$6.5M
EPS (Diluted)	$-10.80+20.9%	$-13.65+76.5%	$-58.09-1829.9%	$-3.01	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$44.3M+1.0%	$43.9M-0.6%	$44.1M+35.6%	$32.6M+30.3%	$25.0M-13.8%	$29.0M-10.1%	$32.3M+45.0%	$22.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$7.0M+4.3%	$6.7M-3.2%	$6.9M-3.3%	$7.2M+5.3%	$6.8M-5.9%	$7.2M+10.1%	$6.6M+20.6%	$5.5M
SG&A Expenses	$12.0M+18.2%	$10.2M-11.6%	$11.5M-1.1%	$11.6M+11.6%	$10.4M-17.4%	$12.6M-16.8%	$15.2M+7.9%	$14.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$14.1M+15.5%	$12.2M+20.8%	$10.1M+55.2%	$6.5M-6.4%	$6.9M+27.5%	$5.4M+28.3%	$4.2M-12.5%	$4.9M
Income Tax	-$331K-328.3%	$145K+54.3%	$94K-35.2%	$145K-61.6%	$378K+200.0%	$126K-37.9%	$203K+42.0%	$143K
Net Income	-$39.9M-2.0%	-$39.1M-7.9%	-$36.3M+28.3%	-$50.6M+14.6%	-$59.2M-9.2%	-$54.2M-31.1%	-$41.4M+19.7%	-$51.5M
EPS (Diluted)	N/A	$-2.56-7.1%	$-2.39+28.2%	$-3.33	N/A	$-3.58	$-2.74+19.6%	$-3.41

BETRW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$1.5B+64.9%	$913.1M+0.8%	$905.6M-16.4%	$1.1B+288.2%	$279.1M
Current Assets	N/A	N/A	N/A	$419K-60.7%	$1.1M
Cash & Equivalents	$99.8M-52.7%	$211.1M-58.1%	$503.6M+58.4%	$318.0M+844524.8%	$38K
Inventory	N/A	N/A	$0-100.0%	$1.1M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$503K
Goodwill	$11.0M-53.4%	$23.6M-27.1%	$32.4M+86.3%	$17.4M-6.9%	$18.7M
Total Liabilities	$1.5B+51.2%	$971.2M+24.0%	$783.0M-53.6%	$1.7B+5731.0%	$28.9M
Current Liabilities	N/A	N/A	N/A	$15.0M+111.8%	$7.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$37.2M+163.9%	-$58.2M-147.4%	$122.6M+120.3%	-$604.2M-349.1%	$242.6M
Retained Earnings	-$2.1B-8.7%	-$1.9B-12.1%	-$1.7B-45.9%	-$1.2B-17734.5%	-$6.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.5B+8.8%	$1.4B+12.4%	$1.2B+22.6%	$1.0B+10.1%	$913.1M+8.0%	$845.2M-11.8%	$957.9M+13.8%	$841.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$99.8M+35.1%	$73.9M-15.2%	$87.1M-21.2%	$110.6M-47.6%	$211.1M+1.7%	$207.7M-35.3%	$320.9M-24.4%	$424.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$11.0M-55.1%	$24.5M-1.0%	$24.8M+3.2%	$24.0M+1.6%	$23.6M-29.3%	$33.4M+3.6%	$32.2M+0.1%	$32.2M
Total Liabilities	$1.5B+9.4%	$1.3B+16.2%	$1.2B+4.4%	$1.1B+14.0%	$971.2M+15.0%	$844.8M-7.5%	$913.0M+19.3%	$765.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$37.2M-11.3%	$41.9M-45.3%	$76.6M+174.9%	-$102.1M-75.6%	-$58.2M-15092.3%	$388K-99.1%	$44.9M-41.1%	$76.3M
Retained Earnings	-$2.1B-2.0%	-$2.0B-2.0%	-$2.0B-1.8%	-$2.0B-2.6%	-$1.9B-3.2%	-$1.9B-3.0%	-$1.8B-2.4%	-$1.8B

BETRW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$166.6M+56.2%	-$380.0M-137.9%	-$159.7M-117.0%	$938.3M+29031.5%	-$3.2M
Capital Expenditures	$1.2M-64.8%	$3.4M+643.0%	$456K-96.1%	$11.7M	N/A
Free Cash Flow	-$167.8M+56.2%	-$383.4M-139.3%	-$160.2M-117.3%	$926.5M	N/A
Investing Cash Flow	-$661.5M-360.0%	-$143.8M-272.6%	-$38.6M-11.6%	-$34.6M+87.6%	-$278.0M
Financing Cash Flow	$714.3M+198.7%	$239.1M-37.3%	$381.4M+124.8%	-$1.5B-646.5%	$281.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$7.9M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$57.3M-1460.3%	$4.2M+107.5%	-$56.3M+1.5%	-$57.2M+46.1%	-$106.0M-903.7%	-$10.6M+95.2%	-$220.6M-415.3%	-$42.8M
Capital Expenditures	$344K+43.3%	$240K-41.0%	$407K+101.5%	$202K-57.1%	$471K-60.3%	$1.2M-5.9%	$1.3M+166.2%	$473K
Free Cash Flow	-$57.6M-1551.2%	$4.0M+107.0%	-$56.7M+1.1%	-$57.4M+46.1%	-$106.5M-806.5%	-$11.7M+94.7%	-$221.8M-412.6%	-$43.3M
Investing Cash Flow	-$72.0M+65.3%	-$207.6M+7.0%	-$223.1M-40.5%	-$158.8M-396.6%	-$32.0M+34.5%	-$48.9M-65.1%	-$29.6M+11.4%	-$33.4M
Financing Cash Flow	$159.0M-16.3%	$190.0M-22.9%	$246.5M+107.5%	$118.8M-18.6%	$146.0M+382.3%	-$51.7M-135.4%	$146.0M+12815.6%	-$1.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

BETRW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	-402.7%-175.4pp	-227.2%	N/A
Net Margin	-100.6%+89.5pp	-190.2%+551.4pp	-741.5%-509.5pp	-232.0%	N/A
Return on Equity	-446.1%	N/A	-437.5%	N/A	-2.7%
Return on Assets	-11.0%+11.6pp	-22.6%+36.7pp	-59.2%+21.7pp	-81.0%-78.6pp	-2.3%
Current Ratio	N/A	N/A	N/A	0.03-0.1	0.15
Debt-to-Equity	39.49+56.2	-16.70-23.1	6.39+9.2	-2.79-2.9	0.12
FCF Margin	-101.8%+251.6pp	-353.4%-132.0pp	-221.4%-466.5pp	245.1%	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-90.1%-0.9pp	-89.2%-7.0pp	-82.2%+73.1pp	-155.3%+81.8pp	-237.1%-50.1pp	-187.0%-58.7pp	-128.2%+103.2pp	-231.4%
Return on Equity	-107.4%-14.0pp	-93.3%-46.0pp	-47.4%	N/A	N/A	-13971.6%-13879.5pp	-92.1%-24.6pp	-67.5%
Return on Assets	-2.6%+0.2pp	-2.8%+0.1pp	-2.9%+2.1pp	-5.0%+1.5pp	-6.5%-0.1pp	-6.4%-2.1pp	-4.3%+1.8pp	-6.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	39.49+7.5	32.02+16.9	15.09+25.9	-10.84+5.9	-16.70-2194.0	2177.26+2156.9	20.33+10.3	10.03
FCF Margin	-130.0%-139.1pp	9.0%+137.6pp	-128.5%+47.8pp	-176.3%+250.0pp	-426.3%-385.8pp	-40.5%+647.1pp	-687.6%-493.1pp	-194.5%

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Frequently Asked Questions

What is BETTER HOME & FINANCE HOLDING's annual revenue?

BETTER HOME & FINANCE HOLDING (BETRW) reported $164.9M in total revenue for fiscal year 2025. This represents a 52.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BETTER HOME & FINANCE HOLDING's revenue growing?

BETTER HOME & FINANCE HOLDING (BETRW) revenue grew by 52% year-over-year, from $108.5M to $164.9M in fiscal year 2025.

Is BETTER HOME & FINANCE HOLDING profitable?

No, BETTER HOME & FINANCE HOLDING (BETRW) reported a net income of -$165.9M in fiscal year 2025, with a net profit margin of -100.6%.

What is BETTER HOME & FINANCE HOLDING's net profit margin?

BETTER HOME & FINANCE HOLDING (BETRW) had a net profit margin of -100.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BETTER HOME & FINANCE HOLDING's return on equity (ROE)?

BETTER HOME & FINANCE HOLDING (BETRW) has a return on equity of -446.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BETTER HOME & FINANCE HOLDING's free cash flow?

BETTER HOME & FINANCE HOLDING (BETRW) generated -$167.8M in free cash flow during fiscal year 2025. This represents a 56.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BETTER HOME & FINANCE HOLDING's operating cash flow?

BETTER HOME & FINANCE HOLDING (BETRW) generated -$166.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BETTER HOME & FINANCE HOLDING's total assets?

BETTER HOME & FINANCE HOLDING (BETRW) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are BETTER HOME & FINANCE HOLDING's capital expenditures?

BETTER HOME & FINANCE HOLDING (BETRW) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does BETTER HOME & FINANCE HOLDING spend on research and development?

BETTER HOME & FINANCE HOLDING (BETRW) invested $27.9M in research and development during fiscal year 2025.

How many shares does BETTER HOME & FINANCE HOLDING have outstanding?

BETTER HOME & FINANCE HOLDING (BETRW) had 16M shares outstanding as of fiscal year 2025.

What is BETTER HOME & FINANCE HOLDING's debt-to-equity ratio?

BETTER HOME & FINANCE HOLDING (BETRW) had a debt-to-equity ratio of 39.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BETTER HOME & FINANCE HOLDING's return on assets (ROA)?

BETTER HOME & FINANCE HOLDING (BETRW) had a return on assets of -11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BETTER HOME & FINANCE HOLDING's cash runway?

Based on fiscal year 2025 data, BETTER HOME & FINANCE HOLDING (BETRW) had $99.8M in cash against an annual operating cash burn of $166.6M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is BETTER HOME & FINANCE HOLDING's Piotroski F-Score?

BETTER HOME & FINANCE HOLDING (BETRW) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BETTER HOME & FINANCE HOLDING's earnings high quality?

BETTER HOME & FINANCE HOLDING (BETRW) has an earnings quality ratio of 1.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is BETTER HOME & FINANCE HOLDING?

BETTER HOME & FINANCE HOLDING (BETRW) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.