Better Home & Finance Holding Co (BETRW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
3 WORLD TRADE CENTER NEW YORK, NY 10007 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6163 - Loan Brokers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments, including: | 264,875 | 529,200 | 285 | 38 | |||
| Cash and cash equivalent | 211,101 | 503,591 | 285 | 38 | |||
| Short-term investments | 53,774 | 25,597 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 12 | ||||||
| Receivables | 503 | ||||||
| Prepaid expense | 134 | 527 | |||||
| Total current assets: | 264,875 | 529,200 | 419 | 1,067 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 1,387 | 19,988 | |||||
| Intangible assets, net (including goodwill) | 44,551 | 70,516 | |||||
| Goodwill | 23,615 | 32,390 | |||||
| Intangible assets, net (excluding goodwill) | 20,936 | 38,126 | |||||
| Asset, held-in-trust | 282,285 | 278,022 | |||||
| Total noncurrent assets: | 45,938 | 90,504 | 282,285 | 278,022 | |||
| Other undisclosed assets | 602,244 | 285,850 | |||||
| TOTAL ASSETS: | 913,057 | 905,554 | 282,704 | 279,090 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 4,712 | 5,683 | |||||
| Other undisclosed accounts payable and accrued liabilities | 4,712 | 5,683 | |||||
| Deferred revenue | 134,130 | 11,839 | |||||
| Debt | 244,070 | 126,218 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 2,812 | 1,412 | ||
| Other undisclosed current liabilities | 7,500 | ||||||
| Total current liabilities: | 378,200 | 138,057 | 15,024 | 7,095 | |||
| Noncurrent Liabilities | |||||||
| Other undisclosed noncurrent liabilities | 473 | 21,846 | |||||
| Total noncurrent liabilities: | 473 | 21,846 | |||||
| Other undisclosed liabilities | 593,027 | 644,897 | |||||
| Total liabilities: | 971,227 | 782,954 | 15,497 | 28,941 | |||
| Temporary equity, including noncontrolling interest | 243,003 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | (58,170) | 122,600 | 20,578 | 7,146 | |||
| Common stock | 2 | 74 | |||||
| Additional paid in capital | 1,863,288 | 1,838,427 | 18,389 | 13,692 | |||
| Accumulated other comprehensive income (loss) | (1,936) | (1,714) | |||||
| Retained earnings (accumulated deficit) | (1,910,366) | (1,704,076) | 2,188 | (6,547) | |||
| Stockholders' equity note, subscriptions receivable | (9,158) | (10,111) | |||||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||||
| Other undisclosed equity | 246,628 | ||||||
| Total equity: | (58,170) | 122,600 | 267,207 | 7,146 | |||
| TOTAL LIABILITIES AND EQUITY: | 913,057 | 905,554 | 282,704 | 279,090 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 117,088 | 53,242 | ||||
| Gain on disposition of assets for financial service operations | 78,098 | 37,667 | ||||
| Net investment income | 38,990 | 15,575 | ||||
| Cost of revenue | (150,718) | (97,528) | ||||
| Gross profit: | (33,630) | (44,286) | ||||
| Operating expenses | (163,210) | (270,568) | (8,578) | (8,120) | ||
| Other operating expense, net | (17,424) | |||||
| Other undisclosed operating income | 23,578 | |||||
| Operating loss: | (214,264) | (291,276) | (8,578) | (8,120) | ||
| Nonoperating income (expense) | (243,146) | 4,262 | 20 | |||
| Investment income, nonoperating | 4,262 | 20 | ||||
| Interest and debt expense | (11,680) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (214,264) | (546,102) | (4,315) | (8,101) | ||
| Other undisclosed income from continuing operations before income taxes | 8,824 | 11,680 | ||||
| Loss from continuing operations before income taxes: | (205,440) | (534,422) | (4,315) | (8,101) | ||
| Income tax expense | (850) | (1,998) | ||||
| Loss from continuing operations: | (206,290) | (536,420) | (4,315) | (8,101) | ||
| Other undisclosed net income | 13,051 | 1,574 | ||||
| Net income (loss) attributable to parent: | (206,290) | (536,420) | 8,736 | (6,527) | ||
| Preferred stock dividends and other adjustments | (3,626) | |||||
| Net income (loss) available to common stockholders, diluted: | (206,290) | (536,420) | 5,110 | (6,527) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (206,290) | (536,420) | 8,736 | (6,527) | ||
| Comprehensive income (loss): | (206,290) | (536,420) | 8,736 | (6,527) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (222) | (291) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (206,512) | (536,711) | 8,736 | (6,527) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.