Better Home & Finance Holding Company (BETR) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:529,20028538
Cash and cash equivalents503,59128538
Short-term investments25,597  
Other undisclosed cash, cash equivalents, and short-term investments12  
Receivables   503
Prepaid expense  134527
Total current assets:529,2004191,067
Noncurrent Assets
Operating lease, right-of-use asset19,988  
Intangible assets, net (including goodwill)70,516  
Goodwill32,390  
Intangible assets, net (excluding goodwill)38,126  
Asset, held-in-trust  282,285278,022
Total noncurrent assets:90,504282,285278,022
Other undisclosed assets285,850  
TOTAL ASSETS:905,554282,704279,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  4,7125,683
Other undisclosed accounts payable and accrued liabilities  4,7125,683
Deferred revenue11,839  
Debt126,218  
Due to related parties2,8121,412
Other undisclosed current liabilities  7,500 
Total current liabilities:138,05715,0247,095
Noncurrent Liabilities
Other undisclosed noncurrent liabilities  47321,846
Total noncurrent liabilities:  47321,846
Other undisclosed liabilities644,897  
Total liabilities:782,95415,49728,941
Temporary equity, carrying amount   243,003
Equity
Equity, attributable to parent, including:122,60020,5787,146
Common stock74  
Additional paid in capital1,838,42718,38913,692
Accumulated other comprehensive loss(1,714)  
Retained earnings (accumulated deficit)(1,704,076)2,188(6,547)
Stockholders' equity note, subscriptions receivable(10,111)  
Other undisclosed equity, attributable to parent  11
Other undisclosed equity  246,628 
Total equity:122,600267,2077,146
TOTAL LIABILITIES AND EQUITY:905,554282,704279,090

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues53,242  
Gain on disposition of assets for financial service operations37,667  
Net investment income15,575  
Cost of revenue(97,528)  
Gross profit:(44,286)  
Operating expenses(270,568)(8,578)(8,120)
Other operating income, net
(Other undisclosed Other operating income, net)
   
Other undisclosed operating income23,578  
Operating loss:(291,276)(8,578)(8,120)
Nonoperating income (expense)(243,146)4,26220
Investment income, nonoperating 4,26220
Interest and debt expense(11,680)  
Loss from continuing operations before equity method investments, income taxes:(546,102)(4,315)(8,101)
Other undisclosed income from continuing operations before income taxes11,680  
Loss from continuing operations before income taxes:(534,422)(4,315)(8,101)
Income tax expense(1,998)  
Loss from continuing operations:(536,420)(4,315)(8,101)
Other undisclosed net income  13,0511,574
Net income (loss):(536,420)8,736(6,527)
Other undisclosed net income attributable to parent   
Net income (loss) attributable to parent:(536,420)8,736(6,527)
Preferred stock dividends and other adjustments  (3,626) 
Net income (loss) available to common stockholders, diluted:(536,420)5,110(6,527)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(536,420)8,736(6,527)
Comprehensive income (loss):(536,420)8,736(6,527)
Other undisclosed comprehensive loss, net of tax, attributable to parent(291)  
Comprehensive income (loss), net of tax, attributable to parent:(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.

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