Quarterly ResultMay 11, 2026, 05:32 PM
Better Home & Finance Q1 Net Loss $(70.3)M; Revenue $47.5M
AI Summary
Better Home & Finance Holding Co. reported a net loss of $(70.3) million for Q1 2026, a significant increase from $(50.6) million in Q1 2025. Total net revenues rose to $47.5 million, up 51.6% year-over-year, primarily driven by a substantial increase in gain on loans. The company also classified its Birmingham Bank business as held for sale, with discontinued operations contributing $(21.0) million to the net loss.
Key Highlights
- Net loss for Q1 2026 was $(70.3) million, up from $(50.6) million in Q1 2025.
- Total net revenues increased 51.6% to $47.5 million in Q1 2026 from $31.3 million in Q1 2025.
- Loss per share (basic and diluted) was $(4.29) in Q1 2026, compared to $(3.33) in Q1 2025.
- Gain on loans, net, rose 82.3% to $44.8 million in Q1 2026 from $24.6 million in Q1 2025.
- Net loss from discontinued operations was $(21.0) million in Q1 2026, up from $(4.6) million.
- Cash and cash equivalents decreased to $64.3 million as of March 31, 2026, from $79.4 million.
- Total Stockholders' Equity decreased to $8.6 million from $37.2 million.