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Better Home & Finance Holding (BETR) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Better Home & Finance Holding (BETR) Q2 2026 earnings results →

Q2 2026 Revenue up 28% year over year to $54.7M · 56¢ of every $1 of revenue lost · operating margin -57.4%

Better Home & Finance Holding made $54.7M in Q2 2026 (+28% Y/Y). Operating margin -57.4%, net loss $30.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$54.7M
Year over year+28%
Operating margin-57.4%
Net earnings−$30.6M
Operating cash flow$23.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $54.7M in Q2 2026, up 28% year over year and up 15% from the previous quarter.

Operating costs exceeded revenue by $31.4M, an operating margin of -57.4%. Total costs grew 15% against revenue growth of 28%. The fastest-growing cost line was Research & development (+37%). The quarter ended with a net loss of $30.6M, narrower than the previous quarter's $70.3M loss.

Operating cash flow was $23.5M. Non-cash charges added back $3.0M of depreciation and amortization and $14.6M of share-based compensation. Working capital and other items added $36.5M. Capital expenditures of $92K left free cash flow of $23.4M.

Quarterly history

Better Home & Finance Holding revenue by quarterBetter Home & Finance Holding revenue by quarter$25.0MQ4 2024$31.3MQ1 2025$42.7MQ2 2025$43.9MQ3 2025$44.3MQ4 2025$47.5MQ1 2026$54.7MQ2 2026
Better Home & Finance Holding net earnings by quarterBetter Home & Finance Holding net earnings by quarter−$59.2MQ4 2024−$50.6MQ1 2025−$36.3MQ2 2025−$39.1MQ3 2025−$39.9MQ4 2025−$70.3MQ1 2026−$30.6MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$54.7M+28%-57.4%−$30.6M$23.5M
Q1 202610-QMay 11, 2026$47.5M+52%-107.2%−$70.3M−$125M
Q4 202510-KMar 13, 2026$44.3M+77%-90.8%−$39.9M−$57.3M
Q3 202510-QNov 13, 2025$43.9M+51%-88.9%−$39.1M$3.9M
Q2 202510-QAug 13, 2025$42.7M+32%-88.2%−$36.3M−$56.0M
Q1 202510-QMay 14, 2025$31.3M+41%-164.8%−$50.6M−$57.2M
Q4 202410-KMar 19, 2025$25.0M+41%-235.6%−$59.2M−$106M

Charts

Better Home & Finance Holding: revenue growth, year over year and quarter over quarterBetter Home & Finance Holding: revenue growth, year over year and quarter over quarterY/YQ/Q+41%Q4 2024+41%+25%Q1 2025+32%+36%Q2 2025+51%+3%Q3 2025+77%+1%Q4 2025+52%+7%Q1 2026+28%+15%Q2 2026
Latest (Q2 2026): Y/Y +28%, Q/Q +15%.
Better Home & Finance Holding: where the cash came from (+) and went (−), TTM to Q2 2026Better Home & Finance Holding: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$345MOther investing−$269MOperating cash flow−$155MShares issued$113MCash drawn (+) / kept (−)−$41.0MNot reconciled$18.8MExchange rates−$10.3MCapital spending−$1.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Better Home & Finance Holding: profit against cash, quarter by quarterBetter Home & Finance Holding: profit against cash, quarter by quarterNet incomeOperating cash flow−$54.2M−$10.6MQ3 2024−$59.2M−$106MQ4 2024−$50.6M−$57.2MQ1 2025−$36.3M−$56.0MQ2 2025−$39.1M$3.9MQ3 2025−$39.9M−$57.3MQ4 2025−$70.3M−$125MQ1 2026−$30.6M$23.5MQ2 2026
Latest (Q2 2026): Net income −$30.6M, Operating cash flow $23.5M.
Better Home & Finance Holding: diluted shares by fiscal yearBetter Home & Finance Holding: diluted shares by fiscal year291MFY20229MFY202315MFY202415MFY2025
-94.7% since FY2022: buybacks shrank the count.
Better Home & Finance Holding in its industry: growth against margin (4 companies, SIC 6163)Better Home & Finance Holding in its industry: growth against margin (4 companies, SIC 6163)revenue growth, year over year →↑ operating marginmedian +113%median 34%TREEFIGRTAAGBETR (+28%, -57%)
Loan Brokers; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Better Home & Finance Holding

On August 22, 2023, we consummated the transactions contemplated by the Agreement and Plan of Merger (as amended, the “Merger Agreement”), by and among Aurora Acquisition Corp. (“Aurora”), Better Holdco, Inc. (“Pre-Business Combination Better”), and Aurora Merger Sub I, Inc., formerly a wholly owned subsidiary of Aurora (“Business Combination”). In connection with the closing of the transactions contemplated by the Merger Agreement, the Company’s Class A common stock and Warrants began trading on the Nasdaq Global Market and Nasdaq Capital Market, respectively, under the ticker symbols “BETR” and BETRW.” On March 13, 2024, the listing of the Company’s Class A common stock and warrants transferred from the Nasdaq Global Market to the Nasdaq Capital Market.

In its own words, from its 10-K, filed Mar 13, 2026.

Better Home & Finance Holding against its Loan Brokers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +28% against the peers' median +113%. Operating margin: -57.4% against the peers' median 34.5%.

CompanyQuarterRevenueY/YOp. margin
BETR Better Home & Finance HoldingQ2 2026$54.7M+28%-57.4%
TREE LendingTreeQ3 2026$344M+12%-20.5%
FIGR Figure Technology SolutionsQ2 2026$226M+113%34.5%
TAAG Awareness GroupQ3 FY26$2.8M37×36.1%

Source: Better Home & Finance Holding 10-Q on SEC EDGAR · CIK 1835856 · Loan Brokers

13F: who owns BETR and who is buying

Largest holders of BETR (13F)Largest holders of BETR (13F)BlackRock$18.9MSoftbank Group$17.3MFrontier Capital Management Co LLC$17.2MVanguard Group$16.6MHealthcare of Ontario Pension Pla…$15.9MVanguard Capital Management LLC$13.6MGoldman Sachs Group$9.3MCitadel Advisors LLC$9.2MWhetstone Capital Advisors, LLC$7.0MGeode Capital Management, LLC$6.5M
Funds' net buying of BETR by quarter (13F)Funds' net buying of BETR by quarter (13F)$18.4M2024-09$8.6M2024-12$1.2M2025-03−$3.0M2025-06−$78.2M2025-09$22.1M2025-12$26.1M2026-03$22.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BETR

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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