Better Home & Finance Holding Company
NASDAQ:BETR · NASDAQ Global Market
+$0.88 today
Vol 0.43M · Avg 0.52M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:BETR · Revenue to Net Income
Key Ratios
Analysis
$202.1M of revenue converted into -$185.6M of net income for the selected period. Gross margin is 62.4% and net margin is -91.5%, showing how much revenue survives after costs and taxes. EPS is $-11.77, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191.4M +59.4% | $120.1M +35.7% | $88.5M -77.6% | $395.1M -69.9% | $1.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $42.6M -73.8% | $162.6M +8.5% | $149.8M -78.4% | $693.6M -28.4% | $969.3M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $148.7M +449.8% | -$42.5M +30.6% | -$61.3M +79.5% | -$298.5M -187.2% | $342.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 77.7% +113.1pp | -35.4% +33.9pp | -69.3% +6.3pp | -75.6% -101.6pp | 26.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 -100.0% | $83.8M -32.6% | $124.3M -14.0% | $144.5M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $83.7M -2.9% | $86.2M -25.0% | $114.9M -31.8% | $168.6M -51.8% | $349.6M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $271.7M +86.8% | $145.5M -36.7% | $230.0M -59.0% | $560.4M -3.7% | $582.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $14.1M -57.7% | $33.2M -22.5% | $42.9M -13.2% | $49.4M +81.6% | $27.2M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$108.9M +29.6% | -$154.8M +66.3% | -$459.9M +12.1% | -$523.4M -198.5% | -$175.3M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -56.9% +72.0pp | -128.9% +390.8pp | -519.7% -387.2pp | -132.5% -119.1pp | -13.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$123.0M +34.6% | -$188.0M +35.5% | -$291.3M +66.1% | -$858.9M -258.4% | -$239.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -64.3% +92.4pp | -156.6% +172.5pp | -329.1% -111.7pp | -217.4% -199.1pp | -18.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $60.3M | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $42.8M | $0 -100.0% | $31.6M -89.6% | $303.2M +200.3% | $101.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$42.8M -145.9% | -$17.4M +92.8% | -$243.1M -1325.5% | -$17.1M +73.3% | -$63.8M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$165.8M +19.3% | -$205.4M +61.6% | -$534.4M +39.0% | -$876.0M -188.6% | -$303.5M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -86.6% +84.5pp | -171.1% +432.7pp | -603.9% -382.1pp | -221.7% -198.6pp | -23.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $53.0K -93.8% | $850.0K -57.5% | $2.0M +81.6% | $1.1M +146.2% | -$2.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$165.9M +19.6% | -$206.3M +61.5% | -$536.4M +38.8% | -$877.1M -191.3% | -$301.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | -86.7% +85.2pp | -171.8% +434.3pp | -606.1% -384.1pp | -222.0% -199.0pp | -23.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$11 +20.7% | -$14 -1076.7% | -$1 +4.1% | -$1 -195.1% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$11 +20.7% | -$14 -1076.7% | -$1 +4.1% | -$1 -195.1% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $15.3M +1.5% | $15.1M -96.7% | $461.7M -37.4% | $737.6M +0.0% | $737.6M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $15.3M +1.5% | $15.1M -96.7% | $461.7M -37.4% | $737.6M +0.0% | $737.6M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Selective Insurance Group, Inc.
NASDAQ:SIGI
$5.52B
Encore Capital Group, Inc.
NASDAQ:ECPG
$1.79B
Dime Community Bancshares, Inc.
NYSE:DCOM
$1.72B
Guild Holdings Company
GHLD
$1.25B
Jefferson Capital, Inc. Common Stock
NASDAQ:JCAP
$962.90M
Bit Digital, Inc.
NASDAQ:BTBT
$771.71M
Root, Inc.
NASDAQ:ROOT
$716.09M
Lufax Holding Ltd
NYSE:LU
$547.15M
loanDepot, Inc.
NYSE:LDI
$397.01M
Horizon Technology Finance Corporation
NASDAQ:HRZN
$184.24M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does BETR generate?
Better Home & Finance Holding Company (BETR) reported $191.37M of revenue in fiscal 2025.
Is BETR profitable?
Better Home & Finance Holding Company (BETR) reported -$165,871,000.00 of net income, with a net margin of -86.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.