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Better Home & Finance Holding (BETR) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 13, 2026

Better Home & Finance Holding (BETR) reported revenue of $44.3M for the fourth quarter 2025 (Q4 2025), +77% from a year earlier and +1% from the quarter before. Operating margin was -90.8%, net loss $39.9M (90.1% of revenue).

Revenue$44.3M
Year over year+77%
Quarter over quarter+1%
Operating margin-90.8%
Net earnings−$39.9M

Better Home & Finance Holding, Q4 2025: revenue $44.3M (+77% year over year), operating margin -90.8%, net loss $39.9M, operating cash flow −$57.3M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$44.3M+1%+77%
Operating profit−$40.3M——
Net earnings−$39.9M——
Operating cash flow−$57.3M-1576%—

What changed

Revenue was $44.3M in Q4 2025, up 77% year over year and up 1% from the previous quarter.

Operating costs exceeded revenue by $40.3M, an operating margin of -90.8%. Total costs grew 1% against revenue growth of 77%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $39.9M, wider than the previous quarter's $39.1M loss.

Operating cash flow was −$57.3M. Non-cash charges added back $3.2M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items used $28.4M. Capital expenditures of $344K exceeded it, leaving free cash flow of −$57.6M.

Questions

What was Better Home & Finance Holding's revenue in the fourth quarter 2025?

Better Home & Finance Holding (BETR) reported revenue of $44.3M for the fourth quarter 2025 (Q4 2025), +77% from a year earlier and +1% from the quarter before.

Was Better Home & Finance Holding profitable in the fourth quarter 2025?

Operating loss was $40.3M (-90.8% of revenue) and net loss $39.9M.

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Source: Better Home & Finance Holding 10-K on SEC EDGAR.