Better Home & Finance Holding Co

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.

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.

Better Home & Finance Holding Company announced its 2026 Annual Meeting of Stockholders will be held virtually on Wednesday, June 10, 2026, at 12:00 p.m. Eastern Time. Stockholders of record as of April 15, 2026, are entitled to vote. Key proposals include the election of eight director nominees and the ratification of BDO USA, P.C. as the independent registered public accounting firm for the year ending December 31, 2026.

Better Home & Finance Holding Company has entered into an underwriting agreement to sell 1,875,000 shares of its Class A common stock. The company has also granted the underwriters an option to purchase up to an additional 281,250 shares, potentially bringing the total offering to 2,156,250 shares. This capital raise, facilitated by BTIG, LLC and Cantor Fitzgerald & Co. as representatives, aims to strengthen the company's financial position by issuing authorized but unissued shares. The offering is being conducted under a previously declared effective S-3 registration statement.