Better Home & Finance Holding Co (BETR) Form 8-K — Oct 14, 2026
Better Home & Finance (BETR) announced preliminary Q3 2026 results: Loan Volume of $1.395 billion was within guidance, but Total Net Revenues of $45.1 million missed the $49.0-$52.0 million guidance range, with Net Loss of $33.1-$34.1 million and Adjusted EBITDA loss of $24.8-$25.8 million versus $15.0-$18.0 million guided. The company attributes roughly $8.0 million of the shortfall to proxy-contest-related legal and PR expenses; excluding these, Adjusted EBITDA loss would have been approximately $17.8 million, within guidance. Revenue still declined 17.5% sequentially amid rate headwinds and what management called the proxy fight's impact on conversion and partner launches.
Key figures
- Revenue
- 45100000
- Guidance
- Prior Q3 2026 guidance: Loan Volume $1.375-$1.525B (met), Net Revenues $49.0-$52.0M (missed), Adjusted EBITDA loss $15.0-$18.0M (missed); company targets Adjusted EBITDA breakeven by year end
- Net Income
- -$33.1M to -$34.1M (preliminary Net Loss)
- Revenue Yoy
- 8.6%
- Cash Position
- $81 million cash and cash equivalents plus $9 million restricted cash
- Loan volume qoq
- -16.3%
- Loan volume yoy
- 15.3%
- July 2026 volume
- $496M
- July 2026 revenue
- $17M
- Loan volume q3 2026
- $1.395B
- Stock comp reversal
- $7M to $8M non-cash
- Proxy related expenses
- ~$8.0M
- July 2026 adjusted ebitda
- -$4.8M
- Uk bank sale expected cash
- $65M (expected Q1 2027 close)
- Adjusted ebitda loss preliminary
- -$24.8M to -$25.8M
- Uk bank unencumbered tangible equity
- $75M
AI analysis
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