Better Home & Finance Holding Company (BETR) Income Statement
BETR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBETR revenue and net income
Where BETR's revenue goes
2025Each bar shows an amount and its share of revenue. BETR kept −86.7% of revenue as net income.
BETR profit margins
BETR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +59.4% | −21.5% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BETR quarterly EPS vs estimates
Better Home & Finance beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 12, 2026 (estimate $-1.44).
BETR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191.4M | $120.1M | $88.5M | $395.1M | $1.31B | $0 | $270.8M | $183.9M |
| Cost of revenue | $42.6M | $162.6M | $149.8M | $693.6M | $969.3M | — | $140.7M | $81.0M |
| Gross profit | $148.7M | −$42.5M | −$61.3M | −$298.5M | $342.3M | — | $130.1M | $102.9M |
| Research & development | — | — | $83.8M | $124.3M | $144.5M | — | — | — |
| Sales, general & admin | $83.7M | $86.2M | $114.9M | $168.6M | $349.6M | — | $38.2M | $46.3M |
| Total operating expenses | $271.7M | $145.5M | $230.0M | $560.4M | $582.0M | −$54.7M | $70.3M | $66.3M |
| Operating income | −$123.0M | −$188.0M | −$291.3M | −$858.9M | −$239.7M | −$20,000 | $60.4M | $36.6M |
| Interest expense | $42.8M | — | $31.6M | $303.2M | $101.0M | — | $22.9M | $12.4M |
| Income before taxes | −$165.8M | −$205.4M | −$534.4M | −$876.0M | −$303.5M | −$20,000 | $42.7M | $24.2M |
| Income taxes | $53,000 | $850,000 | $2.0M | $1.1M | −$2.4M | −$20,000 | $15.4M | $14.3M |
| Net income | −$165.9M | −$206.3M | −$536.4M | −$877.1M | −$301.1M | −$20,000 | $27.3M | $9.9M |
| EBITDA | −$108.9M | −$154.8M | −$459.9M | −$523.4M | −$175.3M | −$20,000 | $75.0M | $42.0M |
| EPS (diluted) | −$8.88 | −$13.65 | −$38.01 | $9.99 | −$0.15 | — | $0.38 | $0.13 |
| Gross margin | 77.7% | −35.4% | −69.3% | −75.6% | 26.1% | — | 48.0% | 56.0% |
| Operating margin | −64.3% | −156.6% | −329.1% | −217.4% | −18.3% | — | 22.3% | 19.9% |
| Net margin | −86.7% | −171.8% | −606.1% | −222.0% | −23.0% | — | 10.1% | 5.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.9M | $53.2M | $53.3M | $44.2M | $51.3M | $34.8M | $47.2M | $26.7M | $28.4M | $27.1M | $11.4M | $20.0M |
| Cost of revenue | $9.4M | $13.7M | $10.7M | $10.5M | $41.4M | $55.7M | $37.0M | $43.2M | $36.9M | $45.5M | $18.5M | $99.0M |
| Gross profit | $51.5M | $39.5M | $42.6M | $33.7M | $9.9M | −$20.9M | $10.3M | −$16.5M | −$8.5M | −$18.4M | −$7.1M | −$79.0M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $17.2M | $20.7M |
| Sales, general & admin | $19.8M | $18.2M | $20.1M | $20.7M | $22.6M | $20.3M | $19.2M | $24.7M | $23.7M | $18.6M | $34.3M | $14.2M |
| Total operating expenses | $77.1M | $84.7M | $68.8M | $59.7M | $36.6M | $29.3M | $36.9M | $40.8M | $35.7M | $33.1M | $59.8M | $12.6M |
| Operating income | −$25.7M | −$45.2M | −$26.2M | −$26.0M | −$26.7M | −$50.2M | −$26.6M | −$57.2M | −$44.2M | −$51.5M | −$66.9M | −$91.6M |
| Interest income | $646,000 | $343,000 | — | $3.2M | $2.5M | $2.1M | — | $4.5M | $4.9M | $5.6M | — | $466,000 |
| Interest expense | $6.2M | $5.7M | $14.1M | $12.2M | $10.1M | $1.7M | — | $2.3M | $2.6M | — | $3.8M | $14.7M |
| Income before taxes | −$31.4M | −$50.9M | −$40.2M | −$39.0M | −$36.2M | −$50.4M | −$58.8M | −$54.1M | −$41.2M | −$51.3M | −$61.5M | −$353.2M |
| Income taxes | $63,000 | −$1.6M | −$331,000 | $145,000 | $94,000 | $145,000 | $378,000 | $126,000 | $203,000 | $143,000 | −$541,000 | $659,000 |
| Net income | −$30.6M | −$70.3M | −$39.9M | −$39.1M | −$36.3M | −$50.6M | −$59.2M | −$54.2M | −$41.4M | −$51.5M | −$61.0M | −$353.9M |
| EBITDA | −$22.2M | −$42.2M | −$23.0M | −$22.6M | −$22.6M | −$46.2M | −$18.7M | −$49.0M | −$30.6M | −$42.5M | −$47.6M | −$106.2M |
| EPS (diluted) | −$1.74 | −$2.69 | −$1.70 | −$1.86 | −$1.99 | −$3.33 | −$3.91 | −$3.58 | −$2.74 | −$3.41 | −$3.92 | −$34.24 |
| Gross margin | 84.5% | 74.2% | 80.0% | 76.2% | 19.3% | −60.0% | 21.8% | −61.5% | −29.9% | −67.9% | −62.3% | −395.0% |
| Operating margin | −42.1% | −84.9% | −49.1% | −58.7% | −52.1% | −144.3% | −56.4% | −213.9% | −155.4% | −190.1% | −587.5% | −457.9% |
| Net margin | −50.2% | −132.1% | −74.9% | −88.4% | −70.7% | −145.3% | −125.4% | −202.7% | −145.5% | −190.0% | −535.5% | −1,769.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BETR's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BETR financial results
In fiscal year 2025 (ended December 31, 2025), Better Home & Finance reported revenue of $191.4 million, up 59.4% from the year before. It had a net loss of $165.9 million, a net profit margin of −86.7%. Diluted earnings per share came to −$8.88.
See the BETR stock overview for the latest quote and news, or the BETR chart for price history and technical indicators.
BETR income statement FAQ
What is Better Home & Finance's annual revenue?
Better Home & Finance reported total revenue of $191.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 59.4% from $120.1 million the previous year.
Is Better Home & Finance profitable?
No. Better Home & Finance reported a net loss of $165.9 million in fiscal 2025, a net profit margin of −86.7%; its operating margin was −64.3%.
What is Better Home & Finance's gross margin?
Better Home & Finance's gross margin was 77.7% in fiscal 2025: for every $100 of revenue, Better Home & Finance kept $78 after the direct cost of its products and services.
What are Better Home & Finance's earnings per share?
Better Home & Finance earned $-8.88 per diluted share in fiscal 2025, compared with $-13.65 a year earlier.
When will Better Home & Finance report its next earnings?
Better Home & Finance is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Better Home & Finance's fiscal year end?
Better Home & Finance's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.