← Better Home & Finance Holding Co
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | — | $38k | $285k | $503.6m | $211.1m | $99.8m | |
| Short-term Investments | — | — | $0 | $25.6m | $53.8m | $103.6m | |
| Other receivables, net | — | — | $16.6m | $16.9m | $17.5m | $14.8m | |
| Prepaid expenses and other assets | — | — | $66.6m | $56.2m | $33.9m | $27.9m | |
| Notes receivable from stockholders | — | — | ($53.2m) | ($10.1m) | ($9.2m) | $0 | |
| Assets, Current | $5k | $1.1m | $419k | — | — | — | |
| Property and equipment, net | — | — | $30.4m | $16.5m | $2.7m | $1.9m | |
| Internal use software and other intangible assets, net | — | — | $62.0m | $38.1m | $20.9m | $22.0m | |
| Goodwill | — | — | $17.4m | $19.4m | $23.6m | $11.0m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | $20.9m | $22.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $29.0m | $1.4m | $4.7m | |
| Right-of-use assets | — | — | $39.7m | $20.0m | $1.4m | $4.7m | |
| Additional Financial Items | |||||||
| Restricted cash | — | — | $28.1m | $24.5m | $24.4m | $16.8m | |
| Mortgage loans held for sale, at fair value | — | — | $248.8m | $170.2m | $399.2m | $466.7m | |
| Loans held for investment (net of allowance for credit losses of $2,251 and $1,667 as of December 31, 2025 and 2024, respectively) | — | — | — | $4.8m | $111.5m | $723.3m | |
| Assets held for sale | — | — | — | $0 | $10.4m | $8.7m | |
| Derivative assets, at fair value | — | — | $3.0m | $1.7m | $2.5m | $4.2m | |
| Warehouse lines of credit | — | — | $144.0m | $126.2m | $244.1m | $411.9m | |
| Convertible note | — | — | $0 | $514.6m | $519.7m | $0 | |
| Senior notes | — | — | — | — | $0 | $198.8m | |
| Customer deposits | — | — | $0 | $11.8m | $134.1m | $763.0m | |
| Liabilities held for sale | — | — | — | $0 | $6.1m | $4.8m | |
| Escrow payable and other customer accounts | — | — | $8.0m | $3.4m | $74k | $172k | |
| Derivative liabilities, at fair value | — | — | $1.8m | $949k | $0 | $2.4m | |
| Warrant and equity related liabilities, at fair value | — | — | $0 | $2.3m | $1.4m | $1.5m | |
| Lease liabilities | — | — | $57.5m | $31.2m | $4.1m | $4.6m | |
| Other liabilities | — | — | $59.9m | $25.8m | $13.5m | $6.5m | |
| Total Stockholders’ Equity/(Deficit) | $5k | $7.2m | $20.6m | $122.6m | ($58.2m) | $37.2m | |
| Assets | $563k | $279.1m | $282.7m | $1.1b | $913.1m | $1.5b | |
| LIABILITIES AND EQUITY | |||||||
| Total Liabilities and Stockholders’ Equity/(Deficit) | $563k | $279.1m | $282.7m | $905.6m | $913.1m | $1.5b | |
| Current liabilities: | |||||||
| Accounts payable and accrued expenses (includes $200 and $74 payable to related parties as of December 31, 2025 and 2024, respectively) | — | — | $82.4m | $66.6m | $48.1m | $74.6m | |
| Liabilities, Current | $558k | $7.1m | $15.0m | — | — | — | |
| Liabilities | $558k | $28.9m | $15.5m | $1.3b | $971.2m | $1.5b | |
| Total Liabilities | $558k | $28.9m | $15.5m | $783.0m | $971.2m | $1.5b | |
| Stockholders’ equity: | |||||||
| Preferred Stock, Value, Issued | $0 | $0 | $1k | $74k | $2k | $2k | |
| Common Stock, Value, Issued | $720 | $1k | $1k | — | $2k | $2k | |
| Additional Paid in Capital | $24k | $13.7m | $18.4m | $625.5m | $1.9b | $2.1b | |
| Retained Earnings (Accumulated Deficit) | ($20k) | ($6.5m) | $2.2m | ($1.3b) | ($1.9b) | ($2.1b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | ($1.9m) | $3.7m | |
| Common stock $0.0001 par value; 66,000,000 and 66,000,000 shares authorized as of December 31, 2025 and 2024, respectively, and 15,996,907 and 15,168,795 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 720 | 1k | 1k | 74k | 2k | 2k | |
| Accumulated deficit | ($20k) | ($5.1m) | $2.2m | ($1.7b) | ($1.9b) | ($2.1b) | |
| Accumulated other comprehensive gain/(loss) | — | — | ($1.4m) | ($1.7m) | ($1.9m) | $3.7m | |
| Stockholders' Equity Attributable to Parent | $5k | $7.1m | $20.6m | ($686.9m) | ($58.2m) | $37.2m | |
| Liabilities and Equity | $563k | $279.1m | $282.7m | $1.1b | $913.1m | $1.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.