BETTER HOME FINANCE HOLDING CLASS (BETR)
Financials · Digital mortgage origination / fintech lending · NASDAQ
A technology-enabled mortgage platform digitizing the homeownership journey through proprietary origination technology and strategic partner licensing, despite current unprofitability and industry headwinds.
What BETTER HOME FINANCE HOLDING CLASS does
Better Home & Finance is a technology-enabled homeownership platform that offers mortgage, home equity, and related products through a digital-first approach. The company originated $4.7 billion in funded loan volume in 2025, growing revenue 52% year-over-year to $164.9 million. Better serves consumers across key homeownership stages—purchase, ownership, refinance, and sale—primarily by selling originated loans to GSEs, banks, and other institutional purchasers, while also licensing its proprietary Tinman technology platform to third-party strategic partners.
Themes: ["mortgage origination / residential lending","digital homeownership platform","mortgage technology / fintech","B2B mortgage technology licensing","home equity products"]
Fundamentals
- Price$25.62 as of 2026-07-09 close
- Market cap$483M as of 2026-07-10
- 1-year return+87.0% as of 2026-07-09 close
- Net margin-83.7% as of 2026-07-10
- Gross margin+81.0% as of 2026-07-10
- ROE-452.2% as of 2026-07-10
- Debt / equity82.59 as of 2026-07-10
- Revenue growth (YoY)+56.4% as of 2026-07-10
- Revenue CAGR (3y)+137.5% SEC XBRL
- Beta1.74 as of 2026-07-10
Key risks (from latest filing)
["Elevated interest rates and lower home sales/refinancing activity materially impact mortgage origination volumes, revenue, and profitability","Company is unprofitable (net loss of $165.9M in 2025) and depends on raising additional financing to sustain operations and achieve profitability","Regulatory complexity and compliance requirements across mortgage lending, including GSE conformance standards and state licensing, create operational and legal risks"]
Competitors & peers
- Rocket Companies / Quicken Loans
- Loan Depot
- Blend Labs
- Better.com's traditional bank mortgage divisions
- Roofstock
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.