Quarterly ResultMay 7, 2026, 07:27 AM
Better Home & Finance Q1 Loan Volume +89% to $1.64B; Revenue +52% to $48M
AI Summary
Better Home & Finance Holding Company reported strong first quarter 2026 results, with Loan Volume growing 89% year over year to $1.64 billion and Total Net Revenues increasing 52% to $48 million, exceeding previously issued guidance. The company significantly improved its Adjusted EBITDA loss by 48% year over year to $19 million, despite an increased net loss of $70 million. Better also provided positive guidance for Q2 2026, projecting continued revenue growth and further reduction in Adjusted EBITDA loss, while highlighting strategic actions like a $69 million public offering, $25 million in cost reductions, and increased warehouse capacity.
Key Highlights
- Q1 2026 Loan Volume grew 89% year over year to $1.64 billion, exceeding guidance.
- Q1 2026 Total Net Revenues from Continuing Operations grew 52% year over year to $48 million.
- Q1 2026 Adjusted EBITDA loss improved 48% year over year to $19 million.
- Q1 2026 Net Loss increased to $70 million from $51 million in Q1 2025.
- Q2 2026 Loan Volume guidance set at $1.575 billion to $1.725 billion.
- Q2 2026 Total Net Revenues guidance set at $53.0 million to $56.0 million.
- Completed a $69 million underwritten public offering and announced $25 million in annualized cost reductions.
- Increased warehouse capacity to $850 million and initiated sale process for U.K.-based bank.