Better Home & Finance Holding (BETR) financial statements
Better Home & Finance Holding reported revenue of $11M in fiscal 2025, down 69.0% a year over 3 years.
Net income was -$166M.
Free cash flow was -$178M.
The diluted share count rose 3773% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Better Home & Finance Holding's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $378M | $16M | $13M | $11M |
| Research and development | — | $124M | $39M | $26M | $28M |
| Selling, general and admin | — | $186M | $60M | $52M | $45M |
| Operating income | -$8M | -$859M | -$291M | -$301M | -$319M |
| Interest expense | — | $17M | $12M | — | — |
| Pre-tax income | — | -$876M | -$534M | -$205M | -$166M |
| Income tax | — | $1M | $2M | $850,000 | $53,000 |
| Net income | -$7M | -$877M | -$536M | -$206M | -$166M |
| EPS (diluted) | — | -$150.50 | -$58.09 | -$13.65 | -$10.80 |
| Diluted shares | 0M | 6M | 9M | 15M | 15M |
| Operating margin | — | -227.2% | -1808.2% | -2335.8% | -2826.7% |
| Net margin | — | -232.0% | -3329.9% | -1600.6% | -1468.0% |
Balance sheet
Fiscal years, from Better Home & Finance Holding's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $37,645 | $285,307 | $529M | $265M | $183M |
| Receivables | $502,956 | — | — | — | — |
| Inventory | — | $1M | $0 | — | — |
| Total current assets | $1M | $419,183 | — | — | — |
| Property, plant and equipment | — | $30M | $16M | $3M | $2M |
| Goodwill | $19M | $17M | $32M | $24M | $11M |
| Total assets | $279M | $1.1B | $906M | $913M | $1.5B |
| Total current liabilities | $7M | $15M | — | — | — |
| Total liabilities | $29M | $1.3B | $783M | $971M | $1.5B |
| Shareholders' equity | $243M | -$604M | $123M | -$58M | $37M |
| Net debt | -$37,645 | -$285,307 | -$504M | -$211M | -$79M |
Cash flow
Fiscal years, from Better Home & Finance Holding's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$3M | $938M | -$160M | -$380M | -$167M |
| Capital spending | — | $35M | $10M | $10M | $11M |
| Free cash flow | — | $903M | -$169M | -$390M | -$178M |
| Stock-based compensation | — | $31M | $54M | $27M | $20M |
| Share buybacks (net) | — | -$8M | $0 | — | — |
| Free cash flow margin | — | 238.9% | -1052.2% | -3026.5% | -1573.6% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for BETR.
Open BETR in InvestinglyQuestions
What was Better Home & Finance Holding's revenue in 2025?
$11M in fiscal 2025, from its 10-K filing.
How much free cash flow does Better Home & Finance Holding generate?
-$178M in fiscal 2025 (operating cash flow minus capital spending).
From Better Home & Finance Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.