Better Home & Finance Holding Company Announces $25 Million Share Repurchase Program
Better Home & Finance Holding Company (NASDAQ: BETR) has announced a $25 million share repurchase program approved by its board of directors. The company will be able to repurchase shares of Class A common stock through various methods, including open market purchases and privately negotiated transactions.
The program, which runs until December 31, 2025, will be executed based on market conditions, stock prices, and capital needs. The company maintains flexibility to modify, suspend, or discontinue the program at any time.
CEO Vishal Garg emphasized Better's position to benefit from financial services deregulation and their AI-driven mortgage solutions. The buyback aims to provide market liquidity and signals management's belief that the stock is undervalued given Better's capital position, B2B growth prospects, and technological advantages.
Better Home & Finance Holding Company (NASDAQ: BETR) ha annunciato un programma di riacquisto di azioni da 25 milioni di dollari approvato dal suo consiglio di amministrazione. L'azienda sarà in grado di riacquistare azioni di classe A tramite vari metodi, inclusi acquisti nel mercato aperto e transazioni private concordate.
Il programma, che proseguirà fino al 31 dicembre 2025, sarà attuato in base alle condizioni di mercato, ai prezzi delle azioni e alle esigenze di capitale. L'azienda mantiene la flessibilità di modificare, sospendere o interrompere il programma in qualsiasi momento.
Il CEO Vishal Garg ha sottolineato la posizione di Better per beneficiare della deregolamentazione dei servizi finanziari e delle loro soluzioni ipotecarie guidate dall'IA. Il riacquisto mira a fornire liquidità al mercato e segnala la convinzione della direzione che il titolo sia sottovalutato data la posizione di capitale di Better, le prospettive di crescita B2B e i vantaggi tecnologici.
Better Home & Finance Holding Company (NASDAQ: BETR) ha anunciado un programa de recompra de acciones de 25 millones de dólares aprobado por su junta directiva. La empresa podrá recomprar acciones de clase A a través de diversos métodos, incluidas compras en el mercado abierto y transacciones negociadas de forma privada.
El programa, que se extenderá hasta el 31 de diciembre de 2025, se ejecutará en función de las condiciones del mercado, los precios de las acciones y las necesidades de capital. La empresa mantiene la flexibilidad para modificar, suspender o finalizar el programa en cualquier momento.
El CEO Vishal Garg enfatizó la posición de Better para beneficiarse de la desregulación de los servicios financieros y sus soluciones hipotecarias impulsadas por IA. La recompra tiene como objetivo proporcionar liquidez al mercado y señala la creencia de la dirección de que las acciones están subvaloradas, dado la posición de capital de Better, las perspectivas de crecimiento B2B y las ventajas tecnológicas.
베터 홈 & 파이낸스 홀딩 컴퍼니 (NASDAQ: BETR)는 이사회가 승인한
이 프로그램은 2025년 12월 31일까지 진행되며, 시장 상황, 주가 및 자본 필요에 따라 시행될 것입니다. 회사는 프로그램을 언제든지 수정, 중단 또는 종료할 수 있는 유연성을 유지합니다.
CEO 비샬 가르그는 베터가 금융 서비스 규제 완화와 AI 기반 모기지 솔루션의 혜택을 받을 수 있는 입장을 강조했습니다. 자사주 매입은 시장 유동성을 제공하고 베터의 자본 위치, B2B 성장 전망 및 기술적 장점을 고려할 때 주식이 저평가되었다는 경영진의 믿음을 나타냅니다.
Better Home & Finance Holding Company (NASDAQ: BETR) a annoncé un programme de rachat d'actions de 25 millions de dollars approuvé par son conseil d'administration. L'entreprise pourra racheter des actions ordinaires de catégorie A par le biais de diverses méthodes, y compris des achats sur le marché ouvert et des transactions négociées de manière privée.
Le programme, qui se poursuivra jusqu'au 31 décembre 2025, sera exécuté en fonction des conditions du marché, des prix des actions et des besoins en capital. L'entreprise conserve la flexibilité de modifier, de suspendre ou d'interrompre le programme à tout moment.
Le PDG Vishal Garg a souligné la position de Better pour bénéficier de la déréglementation des services financiers et de leurs solutions hypothécaires alimentées par l'IA. Le rachat vise à fournir de la liquidité au marché et signale la conviction de la direction que l'action est sous-évaluée compte tenu de la position de capital de Better, des perspectives de croissance B2B et des avantages technologiques.
Better Home & Finance Holding Company (NASDAQ: BETR) hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm über 25 Millionen Dollar bekannt gegeben. Das Unternehmen wird in der Lage sein, Aktien der Klasse A über verschiedene Methoden zurückzukaufen, einschließlich Käufen am offenen Markt und privat verhandelten Transaktionen.
Das Programm, das bis zum 31. Dezember 2025 läuft, wird basierend auf den Marktbedingungen, den Aktienkursen und dem Kapitalbedarf durchgeführt. Das Unternehmen behält sich die Flexibilität vor, das Programm jederzeit zu ändern, auszusetzen oder einzustellen.
CEO Vishal Garg betonte die Position von Better, von der Deregulierung der Finanzdienstleistungen und ihren KI-gestützten Hypothekenlösungen zu profitieren. Der Rückkauf soll die Marktliquidität erhöhen und signalisiert den Glauben des Managements, dass die Aktie aufgrund der Kapitalposition von Better, der Wachstumsaussichten im B2B-Bereich und der technologischen Vorteile unterbewertet ist.
- $25 million share repurchase program approval shows confidence in company's value
- Strong capital position indicated by ability to fund buyback
- Potential growth opportunities in B2B business segment
- Technological advantage through AI implementation in mortgage solutions
- Significant cash allocation to buyback could limit other growth investments
- Extended program duration until 2025 may indicate gradual rather than immediate deployment
Insights
Better Home & Finance's $25 million share repurchase program represents a strategic move that deserves careful analysis. With a market capitalization of
The program's structure offers notable flexibility through multiple execution channels: open market purchases, accelerated repurchases and Rule 10b5-1 trading plans. This multi-channel approach allows management to optimize timing and pricing while maintaining regulatory compliance. For retail investors, this means potential price support through consistent buying pressure, though the actual impact will depend on execution timing and market conditions.
Looking deeper, this announcement carries several strategic implications:
- The company's willingness to allocate substantial capital to share repurchases suggests strong confidence in its cash position and future cash flow generation
- The timing aligns with the broader trend of technological disruption in mortgage lending, where Better's AI-driven platform positions it as a potential market leader
- Management's emphasis on perceived undervaluation indicates they see a disconnect between current market price and intrinsic value, particularly considering their B2B growth prospects and AI capabilities
However, investors should consider that while buybacks can enhance shareholder value through increased earnings per share and potential price appreciation, they also reduce the company's cash reserves that could otherwise be used for growth initiatives or operational improvements. The success of this program will largely depend on execution timing and the company's ability to capitalize on the anticipated deregulation and technological transformation in the mortgage industry.
Better's technological strategy reveals a sophisticated understanding of the mortgage industry's future direction. Their AI-first approach targets two critical aspects of the mortgage business:
- Front-end automation through AI-driven customer interfaces that streamline the application process and improve accessibility
- Back-end optimization using machine learning algorithms for underwriting and processing, potentially reducing operational costs and accelerating approval times
The company's emphasis on AI deployment across their entire organization suggests a comprehensive digital transformation strategy that extends beyond simple automation. This technology-first approach could create significant competitive advantages through:
- Reduced processing times and operational costs compared to traditional mortgage lenders
- Enhanced accuracy in risk assessment and underwriting decisions
- Improved customer experience through personalized, data-driven interactions
The integration of AI with their B2B business model is particularly noteworthy, as it could enable Better to offer white-label solutions to traditional financial institutions, potentially creating a new revenue stream while expanding market reach. This technological edge, combined with anticipated financial services deregulation, positions Better to potentially capture significant market share from traditional mortgage providers who may struggle to match their technological capabilities.
"We believe we are in a new era for homeownership in America, where AI-driven mortgage solutions which make homeownership more affordable and more accessible will be at the forefront,” said Vishal Garg, CEO and Founder of Better. “As such, we believe Better is poised to be a significant beneficiary of the coming deregulation in financial services and housing. This buyback will both provide liquidity to the market for our stock and demonstrates to the market our belief that the stock is currently undervalued considering Better’s strong capital position, the prospects of growing our B2B business, our technology advantage vis-à-vis the traditional mortgage industry, and our deployment of AI across the entire organization to streamline and make the homeownership journey better for all Americans."
About Better Home & Finance Holding Company
Since 2017, Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) has leveraged its industry-leading technology platform, Tinman™, to fund more than
Forward-Looking Statements
This press release contains forward-looking statements related to, among other things, Better’s share repurchase program, the development and use of artificial intelligence by Better, and expectations regarding Better’s business prospects and market conditions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including Better’s ability to effectively manage the risks, challenges and efficiencies presented by using artificial Intelligence in its business. Such factors can be found in Better’s annual report on Form 10-K and Better’s quarterly reports on Form 10-Q, which are available, free of charge, at the SEC’s website at www.sec.gov. New risks and uncertainties arise from time to time, and it is impossible for Better.com to predict these events or how they may affect Better.com. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Better.com undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
For more information, follow @betterdotcom.
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Nneka Etoniru
better@avenuez.com
For investor relations inquiries, please contact ir@better.com
Source: Better Home & Finance Company
FAQ
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