Revenue: As of FY2026 Q1, the actual value is USD 47.5 B.EPS: As of FY2026 Q1, the actual value is USD -4.29.EBIT: As of FY2026 Q1, the actual value is USD -52.47 B.<h4>Continuing Operations (Home Finance)</h4><h5>Revenue</h5><ul><li>Total Net Revenues: $47,497 thousand for the three months ended March 31, 2026, compared to $31,328 thousand for the three months ended March 31, 2025 .</li><li>Gain on loans, net: $44,801 thousand for the three months ended March 31, 2026, compared to $24,576 thousand for the three months ended March 31, 2025 .<ul><li>Gain on sale of loans, net: $44,064 thousand (March 31, 2026) vs. $21,278 thousand (March 31, 2025) .</li><li>Broker revenue: $1,375 thousand (March 31, 2026) vs. $1,171 thousand (March 31, 2025) .</li><li>Loan repurchase reserve (provision)/recovery: - $638 thousand (March 31, 2026) vs. $2,127 thousand (March 31, 2025) .</li></ul></li><li>Other revenue: $1,142 thousand for the three months ended March 31, 2026, compared to $3,650 thousand for the three months ended March 31, 2025 .<ul><li>International lending revenue: $47 thousand (March 31, 2026) vs. $1,538 thousand (March 31, 2025) .</li><li>Insurance services: $578 thousand (March 31, 2026) vs. $673 thousand (March 31, 2025) .</li><li>Real estate services: $170 thousand (March 31, 2026) vs. $947 thousand (March 31, 2025) .</li><li>Other revenue (miscellaneous): $347 thousand (March 31, 2026) vs. $492 thousand (March 31, 2025) .</li></ul></li><li>Net interest income: $1,554 thousand for the three months ended March 31, 2026, compared to $3,102 thousand for the three months ended March 31, 2025 .<ul><li>Interest income: $7,284 thousand (March 31, 2026) vs. $7,595 thousand (March 31, 2025) .</li><li>Interest expense: - $5,730 thousand (March 31, 2026) vs. - $4,493 thousand (March 31, 2025) .</li></ul></li></ul><h5>Operational Metrics</h5><ul><li>Net Loss from Continuing Operations: - $49,350 thousand for the three months ended March 31, 2026, compared to - $45,972 thousand for the three months ended March 31, 2025 .</li><li>Total Expenses: $98,413 thousand for the three months ended March 31, 2026, compared to $77,155 thousand for the three months ended March 31, 2025 .<ul><li>Compensation and benefits: $55,736 thousand (March 31, 2026) vs. $43,892 thousand (March 31, 2025) .</li><li>General and administrative: $8,948 thousand (March 31, 2026) vs. $10,777 thousand (March 31, 2025) .</li><li>Technology: $8,361 thousand (March 31, 2026) vs. $6,649 thousand (March 31, 2025) .</li><li>Marketing and advertising: $9,217 thousand (March 31, 2026) vs. $8,679 thousand (March 31, 2025) .</li><li>Loan origination expense: $7,733 thousand (March 31, 2026) vs. $2,503 thousand (March 31, 2025) .</li><li>Depreciation and amortization: $2,997 thousand (March 31, 2026) vs. $3,773 thousand (March 31, 2025) .</li><li>Other expenses: $5,421 thousand (March 31, 2026) vs. $882 thousand (March 31, 2025) .</li></ul></li></ul><h5>Key Business Metrics</h5><ul><li>Funded Loan Volume: $1,645 million for the three months ended March 31, 2026, compared to $868 million for the three months ended March 31, 2025 .<ul><li>Refinance Loan Volume: $854 million (March 31, 2026) vs. $133 million (March 31, 2025) .</li><li>Purchase Loan Volume: $588 million (March 31, 2026) vs. $578 million (March 31, 2025) .</li><li>HELOC Volume: $203 million (March 31, 2026) vs. $157 million (March 31, 2025) .</li></ul></li><li>Loan Volume by Channel:<ul><li>D2C Loan Volume: $824 million (March 31, 2026) vs. $614 million (March 31, 2025) .</li><li>B2B Loan Volume: $0 million (March 31, 2026) vs. $91 million (March 31, 2025) .</li><li>Platform Loan Volume: $821 million (March 31, 2026) vs. $163 million (March 31, 2025) .</li></ul></li><li>Total Loans (number): 5,018 (March 31, 2026) vs. 2,975 (March 31, 2025) .</li><li>Average Loan Amount: $327,723 (March 31, 2026) vs. $291,909 (March 31, 2025) .</li><li>Gain on Sale Margin: 2.72% (March 31, 2026) vs. 2.83% (March 31, 2025) .</li><li>Total Market Share: 0.3% (March 31, 2026) vs. 0.2% (March 31, 2025) .</li></ul><h5>Better Plus Metrics</h5><ul><li>Better Real Estate Transaction Volume: $33 million (March 31, 2026) vs. $70 million (March 31, 2025) .</li><li>Insurance Coverage Written: $1,305 million (March 31, 2026) vs. $996 million (March 31, 2025) .</li></ul><h5>Cash Flow</h5><ul><li>Net cash used in operating activities-continuing operations: - $124,795 thousand for the three months ended March 31, 2026, compared to - $46,275 thousand for the three months ended March 31, 2025 .</li><li>Net cash used in investing activities-continuing operations: - $355 thousand for the three months ended March 31, 2026, compared to - $2,541 thousand for the three months ended March 31, 2025 .</li><li>Net cash provided by financing activities-continuing operations: $113,137 thousand for the three months ended March 31, 2026, compared to - $53,360 thousand for the three months ended March 31, 2025 .</li></ul><h4>Discontinued Operations (Birmingham Bank)</h4><h5>Revenue</h5><ul><li>Total Net Revenues: $2,656 thousand for the three months ended March 31, 2026, compared to $1,225 thousand for the three months ended March 31, 2025 .<ul><li>Other revenue: - $22 thousand (March 31, 2026) vs. $380 thousand (March 31, 2025) .</li><li>Net interest income: $2,678 thousand (March 31, 2026) vs. $845 thousand (March 31, 2025) .<ul><li>Interest income: $11,284 thousand (March 31, 2026) vs. $2,850 thousand (March 31, 2025) .</li><li>Interest expense: - $8,606 thousand (March 31, 2026) vs. - $2,005 thousand (March 31, 2025) .</li></ul></li></ul></li></ul><h5>Operational Metrics</h5><ul><li>Net Loss from Discontinued Operations: - $20,961 thousand for the three months ended March 31, 2026, compared to - $4,585 thousand for the three months ended March 31, 2025 .</li><li>Total Expenses: $23,617 thousand for the three months ended March 31, 2026, compared to $5,810 thousand for the three months ended March 31, 2025 .<ul><li>Compensation and benefits: $2,765 thousand (March 31, 2026) vs. $2,776 thousand (March 31, 2025) .</li><li>General and administrative: $1,069 thousand (March 31, 2026) vs. $853 thousand (March 31, 2025) .</li><li>Technology: $591 thousand (March 31, 2026) vs. $533 thousand (March 31, 2025) .</li><li>Marketing and advertising: $2 thousand (March 31, 2026) vs. $8 thousand (March 31, 2025) .</li><li>Depreciation and amortization: $286 thousand (March 31, 2026) vs. $202 thousand (March 31, 2025) .</li><li>Other expenses: $18,904 thousand (March 31, 2026) vs. $1,438 thousand (March 31, 2025) .</li></ul></li></ul><h5>Cash Flow</h5><ul><li>Net cash used in operating activities-discontinued operations: - $657 thousand for the three months ended March 31, 2026, compared to - $10,912 thousand for the three months ended March 31, 2025 .</li><li>Net cash used in investing activities-discontinued operations: - $11,238 thousand for the three months ended March 31, 2026, compared to - $156,302 thousand for the three months ended March 31, 2025 .</li><li>Net cash (used in)/provided by financing activities-discontinued operations: - $7,900 thousand for the three months ended March 31, 2026, compared to $172,181 thousand for the three months ended March 31, 2025 .</li></ul><h4>Future Outlook and Strategy</h4>The company’s core strategy focuses on making homeownership cheaper, faster, and more accessible through its AI-native platform, Tinman, and by partnering with other financial institutions to enhance efficiency . The sale of Birmingham Bank is anticipated to close in 2026, with no material future revenue expected from non-core international operations . To support growth in loan production and funded loan volume, the company has discontinued its at-the-market offering program and increased its warehouse line capacity to $850 million following a recent public offering .

BETTER HOME & FINANCE HOLDING C/WTS 22/08/2028(TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 47.5 B