Filing Flows › Better Home & Finance Holding (BETR) › Q1 2025
Better Home & Finance Holding (BETR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Better Home & Finance Holding (BETR) reported revenue of $31.3M for the first quarter 2025 (Q1 2025), +41% from a year earlier and +25% from the quarter before. Operating margin was -164.8%, net loss $50.6M (161.4% of revenue).
Better Home & Finance Holding, Q1 2025: revenue $31.3M (+41% year over year), operating margin -164.8%, net loss $50.6M, operating cash flow −$57.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.3M | +25% | +41% |
| Operating profit | −$51.6M | — | — |
| Net earnings | −$50.6M | — | — |
| Operating cash flow | −$57.2M | — | — |
What changed
Revenue was $31.3M in Q1 2025, up 41% year over year and up 25% from the previous quarter.
Operating costs exceeded revenue by $51.6M, an operating margin of -164.8%. Total costs grew 13% against revenue growth of 41%. The fastest-growing cost line was Sales & marketing (+91%). The quarter ended with a net loss of $50.6M, narrower than the previous quarter's $59.2M loss.
Operating cash flow was −$57.2M. Non-cash charges added back $4.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $14.6M. Capital expenditures of $202K exceeded it, leaving free cash flow of −$57.4M.
Questions
What was Better Home & Finance Holding's revenue in the first quarter 2025?
Better Home & Finance Holding (BETR) reported revenue of $31.3M for the first quarter 2025 (Q1 2025), +41% from a year earlier and +25% from the quarter before.
Was Better Home & Finance Holding profitable in the first quarter 2025?
Operating loss was $51.6M (-164.8% of revenue) and net loss $50.6M.