Better Home & Finance Holding Company (BETRW)

Import this data to Google Sheets with:

=jivedata("BETRW","financials")

Full statements spill as a table. For one cell: =jivedata("BETRW","Revenue") or =jivedata("BETRW","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

Better Home & Finance Holding Company

BETRW • CIK 0001835856

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Gain (Loss) on Sales of Loans, Net	$37,667	$78,098	$136,148	$171,089
Revenue from Contract with Customer, Including Assessed Tax	—	$12,888	$11,299	$6,205
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-534,422	$-205,440	$-165,819	$-161,549
Revenues, Net of Interest Expense	$76,820	$108,488	$164,872	$190,374
Income Tax Expense (Benefit)	$1,998	$850	$53	$-1,689
Net Income (Loss) Attributable to Parent	$-536,420	$-206,290	$-165,872	$-179,949
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$-536,711	$-206,512	$-160,279	$-183,477
Labor and Related Expense	—	$141,089	$174,226	$193,461
General and Administrative Expense	$147,214	$52,230	$45,323	$41,461
Research and Development Expense	$83,815	$26,110	$27,874	$30,876
Marketing and Advertising Expense	$22,080	$33,984	$38,356	$37,190
Loan Processing Fee	—	$9,864	$14,499	$19,278
Depreciation, Depletion and Amortization, Nonproduction	—	$33,227	$14,069	$12,529
Other Operating Income (Expense), Net	—	$-17,424	$-16,344	$-17,128
Costs and Expenses	$368,096	$313,928	$330,691	$351,923
Interest Income, Operating	$15,575	$38,990	$60,269	$51,284
InterestExpenseOperating	—	$21,488	$42,844	$38,204
Interest Income (Expense), Net	$3,895	$17,502	$17,425	$13,080
Weighted Average Number of Shares Outstanding, Basic	461,684,130	15,111,701	15,358,433	17,711,062

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Cash Equivalents, at Carrying Value	$503,591	$211,101	$99,827	$102,250
Restricted Cash	$24,475	$24,416	$16,788	$9,633
Short-term Investments	$25,597	$53,774	$103,607	$103,607
Mortgages Held-for-sale, Fair Value Disclosure	$170,150	$399,241	$466,681	$511,080
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss	—	$111,477	$723,333	$729,184
Other Receivables	$16,888	$17,549	$14,808	$18,233
Disposal Group, Including Discontinued Operation, Assets	—	$10,411	$8,687	$8,687
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	$16,454	$2,717	$1,943	$1,747
Operating Lease, Right-of-Use Asset	$19,988	$1,387	$4,678	$4,664
Intangible Assets, Net (Excluding Goodwill)	$38,126	$20,936	$21,985	$17,464
Goodwill	$32,390	$23,615	$10,995	$10,995
Derivative Asset	$1,716	$2,539	$4,210	$3,558
Prepaid Expense and Other Assets	$56,179	$33,894	$27,892	$32,238
Assets	$905,554	$913,057	$1,505,434	$1,542,294
Warehouse Agreement Borrowings	$126,218	$244,070	$411,862	$454,334
Convertible Notes Payable	$514,644	$519,749	$0	$0
Senior Notes	—	—	$198,802	$198,802
Contract with Customer, Liability, Current	$11,839	$134,130	$762,984	$762,984
Disposal Group, Including Discontinued Operation, Liabilities	—	$6,116	$4,802	$4,802
Accounts Payable and Accrued Liabilities	$66,558	$48,134	$74,560	$50,112
Operating Lease, Liability	$31,202	$4,081	$4,629	$4,579
Other Liabilities	$25,837	$13,466	$6,533	$6,209
Liabilities	$782,954	$971,227	$1,468,251	$1,484,397
Common Stock, Value, Issued	$74	$2	$2	$2
Stockholders' Equity Note, Subscriptions Receivable	$10,111	$9,158	$0	$0
Additional Paid in Capital	$1,838,427	$1,863,288	$2,109,762	$2,232,960
Retained Earnings (Accumulated Deficit)	$-1,704,076	$-1,910,366	$-2,076,238	$-2,177,142
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-1,714	$-1,936	$3,657	$2,077
Stockholders' Equity Attributable to Parent	$122,600	$-58,170	$37,183	$57,897
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	—	$1,667	$2,251	$2,251
Common Stock, Shares Authorized	3,300,000,000	66,000,000	66,000,000	66,000,000
Common Stock, Shares, Issued	751,773,361	15,168,795	15,996,907	18,981,789

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss) Attributable to Parent	$-536,420	$-206,290	$-165,872	$-179,949
Net Cash Provided by (Used in) Operating Activities	$-159,720	$-379,971	$-166,575	$-154,770
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$-1,087	$-217	$-7,502	$1,151
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$182,001	$-284,867	$-121,248	$42,382
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations	—	$7,682	$2,346	$3,847
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$528,066	$235,517	$116,615	$54,530
Depreciation	$5,837	$7,089	$1,044	$833
Payments to Acquire Property, Plant, and Equipment	$456	$3,388	$1,193	$1,054
Other Asset Impairment Charges	$9,435	$16,405	$12,505	$12,505
Amortization of Intangible Assets	$37,054	$26,138	$13,025	$11,696
Proceeds from Sale of Property, Plant, and Equipment	$764	$2,938	$0	$0
Payments to Develop Software	$9,322	$6,694	$10,036	$9,636
Amortization of Debt Issuance Costs and Discounts	$8,191	$6,208	$1,700	$0
Proceeds from Maturities, Prepayments and Calls of Short-term Investments	$31,321	$183,309	$446,726	$446,726
Fair Value Adjustment of Warrants	$507	$-924	$69	$4,860
Payments to Acquire Short-term Investments	$48,188	$211,863	$493,088	$493,088
Share-based Payment Arrangement, Noncash Expense	$54,160	$26,753	$20,432	$50,527
Payments to Acquire Loans Held-for-investment	—	$110,903	$603,837	$603,837
Proceeds from Principal Repayments on Loans and Leases Held-for-investment	—	$2,791	$1,518	$1,518
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal	—	$1,667	$584	$-76
Net Cash Provided by (Used in) Investing Activities	$-38,594	$-143,810	$-661,507	$-270,331
Unrealized Gain (Loss) on Derivatives	$-452	$1,685	$-673	$-1,133
Unrealized Gain (Loss) on Investments	—	—	$1,946	$1,946
Gain (Loss) on Disposition of Assets	—	—	$-692	$308
Payments for Origination of Mortgage Loans Held-for-sale	$2,969,326	$3,649,956	$4,678,977	$5,878,446
Proceeds from Sale of Mortgage Loans Held-for-sale	$3,042,526	$3,478,682	$4,744,556	$5,987,079
Repayments of Convertible Debt	—	$1,103	$110,000	$0
Repayments of Senior Debt	—	—	$1,606	$1,606
Proceeds from (Repayments of) Lines of Credit	—	$117,852	$167,792	$271,625
Proceeds from Issuance of Common Stock	$16,351	$0	$29,221	$106,918
Proceeds from Stock Options Exercised	$87	$91	$75	$5,806
Net Cash Provided by (Used in) Financing Activities	$381,402	$239,131	$714,336	$457,905
Cash and Cash Equivalents, at Carrying Value	$503,591	$211,101	$99,827	$53,527
Restricted Cash	$24,475	$24,416	$16,788	$1,003
Interest Paid, Excluding Capitalized Interest, Operating Activities	$12,044	$13,822	$21,753	$25,156
Income Taxes Paid, Net	$-8,451	$-677	$1,707	$3,553
Conversion of Stock, Amount Converted	—	—	$209,303	$3,980
Share-based Payment Arrangement, Amount Capitalized	$4,123	$1,781	$1,419	$1,785
Increase (Decrease) in Other Receivables	$97	$1,908	$-2,295	$-8,914
Increase (Decrease) in Prepaid Expense and Other Assets	$-14,697	$-16,859	$-9,492	$-5,808
IncreaseDecreaseInOperatingLeaseLiability	$-10,810	$-6,228	$548	$-1,454
Increase (Decrease) in Accounts Payable and Accrued Liabilities	$-22,211	$-21,084	$17,028	$-7,802
Increase (Decrease) in Other Operating Liabilities	$-29,888	$1,514	$-3,520	$-11,323

Loading financial statements…

Import this data to Google Sheets with:

=jivedata("BETRW","financials")

Full statements spill as a table. For one cell: =jivedata("BETRW","Revenue") or =jivedata("BETRW","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.