Better Home & Finance Holding Company
BETRUSBetter Home & Finance Holding Company operates as a U.S.-based enterprise dedicated to various facets of homeownership. The company provides a comprehensive suite of mortgage products, including Government-Sponsored Enterprise (GSE) conforming loans, FHA-insured loans, VA-guaranteed loans, and jumbo loans. These lending solutions are offered to a diverse client base that encompasses GSEs, banks, insurance providers, asset managers, and mortgage real estate investment trusts. Additionally, its service portfolio extends to real estate agency, title insurance, settlement coordination, and homeowners' insurance. Formerly known as Better Mortgage Corporation, the company officially rebranded to Better Home & Finance Holding Company in August 2023. Its corporate headquarters are located in New York, New York.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Financial Services
- Sub-sector
- Mortgage & Real-Estate Finance
- Listing
- BETR
- Country
- US
Annual financials & analyst forecasts
| $M | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|
| Revenue YoY | — | -65% | 46% | 42% | 23% | 42% |
| Revenue | $253M | $89M | $130M | $184M | $226M | $321M |
| Gross Profit | ($217M) | ($115M) | ($33M) | $65M | — | — |
| Gross Profit Margin | -86.0% | -130.1% | -25.5% | 35.6% | — | — |
| EBITDA | ($570M) | ($246M) | ($141M) | ($114M) | ($167M) | ($238M) |
| EBITDA Margin | -225.7% | -277.8% | -108.7% | -62.3% | -74.1% | -74.1% |
| EBIT | ($587M) | ($288M) | ($180M) | ($129M) | ($171M) | ($244M) |
| Net Income | ($817M) | ($547M) | ($206M) | ($166M) | ($92M) | $8M |
| Free Cash Flow | $469M | ($173M) | ($336M) | ($159M) | — | — |
| FCF Margin | 185.8% | -194.9% | -259.3% | -86.7% | — | — |
| Short-Term Debt | $144M | $126M | $244M | $412M | — | — |
| Long-Term Debt | $894M | $515M | $520M | $199M | — | — |
| Cash & Cash Equivalents | $318M | $504M | $211M | $117M | — | — |
| Net Debt | $720M | $137M | $553M | $494M | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Rule of 40 | — | -259.9% | -213.2% | -44.9% | — | — |