Better Home & Finance Holding Co financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Better Home & Finance Holding Co files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
378
72.3
108
165
Research and development
124
39.4
26.1
27.9
Selling and marketing
69
19.5
34
38.4
General and administrative
186
60.2
52.2
45.3
Operating income
-8.12
-859
-291
Interest expense
17.1
11.7
Interest income
0.02
4.26
Other non-operating income
-17.1
-243
Pre-tax income
-876
-534
-205
-166
Income tax
1.1
2
0.85
0.05
Net income
-6.53
-877
-536
-206
-166
EBITDA
-845
-285
EPS, basic
-150.73
-58.09
-13.65
-10.80
EPS, diluted
-150.73
-58.09
-13.65
-10.80
Shares, basic (weighted)
19.8
5.82
9.23
15.1
15.4
Shares, diluted (weighted)
19.8
5.82
9.23
15.1
15.4
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.04
318
504
211
79.4
Short-term investments
0
25.6
53.8
104
Receivables
0.5
Inventory
1.14
0
Other current assets
0.53
0.13
Total current assets
1.07
0.42
Property, plant and equipment
30.4
16.5
2.72
1.82
Lease right-of-use assets
39.7
20
1.39
4.68
Goodwill
18.7
17.4
32.4
23.6
11
Intangible assets
62
38.1
20.9
17.3
Total assets
279
1,083
906
913
1,505
Accounts payable
5.68
4.71
Deferred revenue
0
11.8
134
763
Total current liabilities
7.09
15
Total liabilities
28.9
1,251
783
971
1,468
Paid-in capital
13.7
618
1,838
1,863
2,110
Retained earnings
-6.55
-1,168
-1,704
-1,910
-2,076
Other comprehensive income
-1.42
-1.71
-1.94
3.66
Shareholders' equity
243
-604
123
-58.2
37.2
Total equity
243
-604
123
-58.2
37.2
Total liabilities and equity
279
1,083
906
913
1,505
Shares outstanding
5.99
15
15.2
16
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-6.53
8.74
-536
-206
-166
Depreciation and amortization
13.7
5.8
7.1
1
Stock-based compensation
30.5
54.2
26.8
20.4
Deferred income tax
0.07
0.08
0
-0.04
Change in payables
5.23
-43.6
-22.2
-21.1
17
Cash from operations
-3.24
938
-160
-380
-167
Capital expenditures
-11.7
-0.46
-3.39
-1.19
Acquisitions
-3.85
-12.7
0
Purchases of investments
0
-48.2
-212
-493
Cash from investing
-278
-34.6
-38.6
-144
-662
Debt repaid
0
-1.61
Stock issued
0
16.4
0
29.2
Share buybacks
-7.95
0
Cash from financing
281
-1,537
381
239
714
Net change in cash
0.04
-633
182
-285
-121
Free cash flow
927
-160
-383
-168
Interest paid
13.1
12
13.8
21.8
Income taxes paid
1.83
-8.45
-0.68
1.71
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.45 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-83.7%
Pre-tax income / revenue.
Net margin
-93.2%
Net income / revenue.
FCF margin
-80.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-80.3%
Cash from operations / revenue.
Return on equity (ROE)
-310.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-11.7%
Net income / average total assets.
R&D / revenue
16.0%
Research and development expense / revenue.
Stock-based pay / revenue
26.2%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.5%
Capital expenditures / revenue.
D&A / revenue
6.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
52.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-24.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
64.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
11.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
1.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
38.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$10.35
Revenue / diluted weighted shares.
FCF per share
-$8.37
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$8.31
Cash from operations / diluted weighted shares.
Book value per share
$3.05
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.03x
Market cap / revenue.
P/B
3.43x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
6.74x
Market cap / tangible book value, when positive.
EV/Sales
0.50x
Enterprise value / revenue.
FCF yield
-78.7%
Free cash flow / market cap.
Earnings yield
-90.6%
Net income / market cap (the inverse of P/E).
What was Better Home & Finance Holding Co's revenue in fiscal 2025?
Better Home & Finance Holding Co reported revenue of $164.9M for fiscal 2025, 52% higher than the year before.
Was Better Home & Finance Holding Co profitable in fiscal 2025?
No. It reported a net loss of $165.9M.
How much free cash flow did Better Home & Finance Holding Co generate in fiscal 2025?
Cash from operations of $166.6M minus capital expenditures of $1.2M left free cash flow of -$167.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.