What is BETTER HOME & FINANCE HOLDING's earnings per share (EPS)?

BETTER HOME & FINANCE HOLDING (BETRW) reported diluted earnings per share of $-10.80 for fiscal year 2025. This represents a 20.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BETTER HOME & FINANCE HOLDING Financials

BETRW

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows BETTER HOME & FINANCE HOLDING (BETRW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BETRW FY2025 2026-04-22

Narrowing losses are being offset by continued cash consumption, so balance-sheet growth still depends mainly on outside funding.

From FY2024 to FY2025, revenue rose 52.0% while net loss improved by about $40M. Yet a $714.3M financing inflow still ended with less cash, which means the larger balance sheet is being funded externally rather than by cash conversion from operations.

FY2025 assets expanded by roughly $592M while liabilities increased by about $497M, so the company’s scale-up came mostly from balance-sheet funding instead of retained earnings. Equity turned positive again, but at just $37.2M against a 39.5x debt-to-equity ratio, the capital cushion remains thin relative to obligations.

The expense mix suggests a business trying to get leaner without abandoning product buildout: SG&A fell to $45.3M while R&D stayed near $27.9M. But interest expense jumped from $21.5M to $42.8M, so some of the operating improvement is being absorbed by the cost of carrying a more heavily funded balance sheet.

Financial Health Signals

Financial Health Score 50/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of BETTER HOME & FINANCE HOLDING's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Piotroski F-Score Partial

1/6

BETTER HOME & FINANCE HOLDING passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

1.00x

For every $1 of reported earnings, BETTER HOME & FINANCE HOLDING generates $1.00 in operating cash flow (-$166.6M OCF vs -$165.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$164.9M

YoY+52.0%

BETTER HOME & FINANCE HOLDING generated $164.9M in revenue in fiscal year 2025. This represents an increase of 52.0% from the prior year.

EBITDA

N/A

Net Income

-$165.9M

YoY+19.6%

BETTER HOME & FINANCE HOLDING reported -$165.9M in net income in fiscal year 2025. This represents an increase of 19.6% from the prior year.

EPS (Diluted)

$-10.80

YoY+20.9%

BETTER HOME & FINANCE HOLDING earned $-10.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 20.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$167.8M

YoY+56.2%

BETTER HOME & FINANCE HOLDING generated -$167.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 56.2% from the prior year.

Cash & Debt

$79.4M

YoY-62.4%

BETTER HOME & FINANCE HOLDING held $79.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

16M

YoY+5.5%

BETTER HOME & FINANCE HOLDING had 16M shares outstanding in fiscal year 2025. This represents an increase of 5.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-100.6%

YoY+89.5pp

BETTER HOME & FINANCE HOLDING's net profit margin was -100.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 89.5 percentage points from the prior year.

Return on Equity

-446.1%

BETTER HOME & FINANCE HOLDING's ROE was -446.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$27.9M

YoY+6.8%

BETTER HOME & FINANCE HOLDING invested $27.9M in research and development in fiscal year 2025. This represents an increase of 6.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.2M

YoY-64.8%

BETTER HOME & FINANCE HOLDING invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 64.8% from the prior year.

BETRW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$164.9M+52.0%	$108.5M+50.0%	$72.3M-80.9%	$378.0M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$27.9M+6.8%	$26.1M-33.8%	$39.4M-68.3%	$124.3M	N/A
SG&A Expenses	$45.3M-13.2%	$52.2M-13.2%	$60.1M-67.6%	$185.9M	N/A
Operating Income	N/A	N/A	-$291.3M+66.1%	-$858.9M-10477.5%	-$8.1M
Interest Expense	$42.8M+99.4%	$21.5M+84.0%	$11.7M-31.5%	$17.1M	N/A
Income Tax	$53K-93.8%	$850K-57.5%	$2.0M+81.6%	$1.1M	N/A
Net Income	-$165.9M+19.6%	-$206.3M+61.5%	-$536.4M+38.8%	-$877.1M-13337.3%	-$6.5M
EPS (Diluted)	$-10.80+20.9%	$-13.65+76.5%	$-58.09-1829.9%	$-3.01	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$47.5M+4.3%	$45.5M+3.8%	$43.9M-0.6%	$44.1M+40.9%	$31.3M+25.4%	$25.0M-13.8%	$29.0M-10.1%	$32.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$8.4M+10.7%	$7.6M+12.3%	$6.7M-3.2%	$6.9M+4.5%	$6.6M-2.5%	$6.8M-5.9%	$7.2M+10.1%	$6.6M
SG&A Expenses	$8.9M-30.5%	$12.9M+26.6%	$10.2M-11.6%	$11.5M+6.8%	$10.8M+3.5%	$10.4M-17.4%	$12.6M-16.8%	$15.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.7M-64.4%	$16.1M+32.0%	$12.2M+20.8%	$10.1M+124.5%	$4.5M-35.3%	$6.9M+27.5%	$5.4M+28.3%	$4.2M
Income Tax	-$1.6M-373.1%	-$331K-328.3%	$145K+54.3%	$94K-35.2%	$145K-61.6%	$378K+200.0%	$126K-37.9%	$203K
Net Income	-$70.3M-76.1%	-$39.9M-2.0%	-$39.1M-7.9%	-$36.3M+28.3%	-$50.6M+14.6%	-$59.2M-9.2%	-$54.2M-31.1%	-$41.4M
EPS (Diluted)	$-4.29	N/A	$-2.56-7.1%	$-2.39+28.2%	$-3.33	N/A	$-3.58	$-2.74

BETRW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$1.5B+64.9%	$913.1M+0.8%	$905.6M-16.4%	$1.1B+288.2%	$279.1M
Current Assets	N/A	N/A	N/A	$419K-60.7%	$1.1M
Cash & Equivalents	$79.4M-62.4%	$211.1M-58.1%	$503.6M+58.4%	$318.0M+844524.8%	$38K
Inventory	N/A	N/A	$0-100.0%	$1.1M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$503K
Goodwill	$11.0M-53.4%	$23.6M-27.1%	$32.4M+86.3%	$17.4M-6.9%	$18.7M
Total Liabilities	$1.5B+51.2%	$971.2M+24.0%	$783.0M-53.6%	$1.7B+5731.0%	$28.9M
Current Liabilities	N/A	N/A	N/A	$15.0M+111.8%	$7.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$37.2M+163.9%	-$58.2M-147.4%	$122.6M+120.3%	-$604.2M-349.1%	$242.6M
Retained Earnings	-$2.1B-8.7%	-$1.9B-12.1%	-$1.7B-45.9%	-$1.2B-17734.5%	-$6.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.6B+4.2%	$1.5B+8.8%	$1.4B+12.4%	$1.2B+22.6%	$1.0B+10.1%	$913.1M+8.0%	$845.2M-11.8%	$957.9M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$64.3M-19.0%	$79.4M+7.4%	$73.9M-15.2%	$87.1M-8.4%	$95.1M-54.9%	$211.1M+1.7%	$207.7M-35.3%	$320.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$11.0M0.0%	$11.0M-55.1%	$24.5M-1.0%	$24.8M+125.2%	$11.0M-53.4%	$23.6M-29.3%	$33.4M+3.6%	$32.2M
Total Liabilities	$1.6B+6.3%	$1.5B+9.4%	$1.3B+16.2%	$1.2B+4.4%	$1.1B+14.0%	$971.2M+15.0%	$844.8M-7.5%	$913.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.6M-77.0%	$37.2M-11.3%	$41.9M-45.3%	$76.6M+174.9%	-$102.1M-75.6%	-$58.2M-15092.3%	$388K-99.1%	$44.9M
Retained Earnings	-$2.1B-3.4%	-$2.1B-2.0%	-$2.0B-2.0%	-$2.0B-1.8%	-$2.0B-2.6%	-$1.9B-3.2%	-$1.9B-3.0%	-$1.8B

BETRW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$166.6M+56.2%	-$380.0M-137.9%	-$159.7M-117.0%	$938.3M+29031.5%	-$3.2M
Capital Expenditures	$1.2M-64.8%	$3.4M+643.0%	$456K-96.1%	$11.7M	N/A
Free Cash Flow	-$167.8M+56.2%	-$383.4M-139.3%	-$160.2M-117.3%	$926.5M	N/A
Investing Cash Flow	-$661.5M-360.0%	-$143.8M-272.6%	-$38.6M-11.6%	-$34.6M+87.6%	-$278.0M
Financing Cash Flow	$714.3M+198.7%	$239.1M-37.3%	$381.4M+124.8%	-$1.5B-646.5%	$281.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$7.9M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$125.2M-118.6%	-$57.3M-1460.3%	$4.2M+107.5%	-$56.3M+1.5%	-$57.2M+46.1%	-$106.0M-903.7%	-$10.6M+95.2%	-$220.6M
Capital Expenditures	$378K+9.9%	$344K+43.3%	$240K-41.0%	$407K+101.5%	$202K-57.1%	$471K-60.3%	$1.2M-5.9%	$1.3M
Free Cash Flow	-$125.6M-117.9%	-$57.6M-1551.2%	$4.0M+107.0%	-$56.7M+1.1%	-$57.4M+46.1%	-$106.5M-806.5%	-$11.7M+94.7%	-$221.8M
Investing Cash Flow	-$11.6M+83.9%	-$72.0M+65.3%	-$207.6M+7.0%	-$223.1M-40.5%	-$158.8M-396.6%	-$32.0M+34.5%	-$48.9M-65.1%	-$29.6M
Financing Cash Flow	$105.2M-33.8%	$159.0M-16.3%	$190.0M-22.9%	$246.5M+107.5%	$118.8M-18.6%	$146.0M+382.3%	-$51.7M-135.4%	$146.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

BETRW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	-402.7%-175.4pp	-227.2%	N/A
Net Margin	-100.6%+89.5pp	-190.2%+551.4pp	-741.5%-509.5pp	-232.0%	N/A
Return on Equity	-446.1%	N/A	-437.5%	N/A	-2.7%
Return on Assets	-11.0%+11.6pp	-22.6%+36.7pp	-59.2%+21.7pp	-81.0%-78.6pp	-2.3%
Current Ratio	N/A	N/A	N/A	0.03-0.1	0.15
Debt-to-Equity	39.49+56.2	-16.70-23.1	6.39+9.2	-2.79-2.9	0.12
FCF Margin	-101.8%+251.6pp	-353.4%-132.0pp	-221.4%-466.5pp	245.1%	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-148.0%-60.4pp	-87.7%+1.5pp	-89.2%-7.0pp	-82.2%+79.2pp	-161.4%+75.7pp	-237.1%-50.1pp	-187.0%-58.7pp	-128.2%
Return on Equity	-822.1%-714.7pp	-107.4%-14.0pp	-93.3%-46.0pp	-47.4%	N/A	N/A	-13971.6%-13879.5pp	-92.1%
Return on Assets	-4.5%-1.8pp	-2.6%+0.2pp	-2.8%+0.1pp	-2.9%+2.1pp	-5.0%+1.5pp	-6.5%-0.1pp	-6.4%-2.1pp	-4.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	182.42+142.9	39.49+7.5	32.02+16.9	15.09+25.9	-10.84+5.9	-16.70-2194.0	2177.26+2156.9	20.33
FCF Margin	-264.3%-137.8pp	-126.5%-135.6pp	9.0%+137.6pp	-128.5%+54.7pp	-183.2%+243.1pp	-426.3%-385.8pp	-40.5%+647.1pp	-687.6%

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Frequently Asked Questions

What is BETTER HOME & FINANCE HOLDING's annual revenue?

BETTER HOME & FINANCE HOLDING (BETRW) reported $164.9M in total revenue for fiscal year 2025. This represents a 52.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BETTER HOME & FINANCE HOLDING's revenue growing?

BETTER HOME & FINANCE HOLDING (BETRW) revenue grew by 52% year-over-year, from $108.5M to $164.9M in fiscal year 2025.

Is BETTER HOME & FINANCE HOLDING profitable?

No, BETTER HOME & FINANCE HOLDING (BETRW) reported a net income of -$165.9M in fiscal year 2025, with a net profit margin of -100.6%.

What is BETTER HOME & FINANCE HOLDING's net profit margin?

BETTER HOME & FINANCE HOLDING (BETRW) had a net profit margin of -100.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BETTER HOME & FINANCE HOLDING's return on equity (ROE)?

BETTER HOME & FINANCE HOLDING (BETRW) has a return on equity of -446.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BETTER HOME & FINANCE HOLDING's free cash flow?

BETTER HOME & FINANCE HOLDING (BETRW) generated -$167.8M in free cash flow during fiscal year 2025. This represents a 56.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BETTER HOME & FINANCE HOLDING's operating cash flow?

BETTER HOME & FINANCE HOLDING (BETRW) generated -$166.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BETTER HOME & FINANCE HOLDING's total assets?

BETTER HOME & FINANCE HOLDING (BETRW) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are BETTER HOME & FINANCE HOLDING's capital expenditures?

BETTER HOME & FINANCE HOLDING (BETRW) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does BETTER HOME & FINANCE HOLDING spend on research and development?

BETTER HOME & FINANCE HOLDING (BETRW) invested $27.9M in research and development during fiscal year 2025.

How many shares does BETTER HOME & FINANCE HOLDING have outstanding?

BETTER HOME & FINANCE HOLDING (BETRW) had 16M shares outstanding as of fiscal year 2025.

What is BETTER HOME & FINANCE HOLDING's debt-to-equity ratio?

BETTER HOME & FINANCE HOLDING (BETRW) had a debt-to-equity ratio of 39.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BETTER HOME & FINANCE HOLDING's return on assets (ROA)?

BETTER HOME & FINANCE HOLDING (BETRW) had a return on assets of -11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BETTER HOME & FINANCE HOLDING's cash runway?

Based on fiscal year 2025 data, BETTER HOME & FINANCE HOLDING (BETRW) had $79.4M in cash against an annual operating cash burn of $166.6M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is BETTER HOME & FINANCE HOLDING's Piotroski F-Score?

BETTER HOME & FINANCE HOLDING (BETRW) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BETTER HOME & FINANCE HOLDING's earnings high quality?

BETTER HOME & FINANCE HOLDING (BETRW) has an earnings quality ratio of 1.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is BETTER HOME & FINANCE HOLDING?

BETTER HOME & FINANCE HOLDING (BETRW) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.