← Better Home & Finance Holding Co
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net loss | — | ($5.0m) | ($877.1m) | ($536.4m) | ($206.3m) | ($165.9m) | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($6.5m) | $8.7m | ($536.4m) | ($206.3m) | ($165.9m) | — | |
| Depreciation, Depletion and Amortization | — | — | $13.7m | $5.8m | $7.1m | $1.0m | $12.5m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $272.7m | $8.2m | $6.2m | $1.7m | — | |
| Amortization of Intangible Assets | — | — | $35.7m | $37.1m | $26.1m | $13.0m | — | |
| Depreciation | — | — | $13.7m | $5.8m | $7.1m | $1.0m | $833k | |
| Amortization of internal use software and other intangible assets | — | — | $35.7m | $37.1m | $26.1m | $13.0m | — | |
| Amortization/accretion of deferred fees and costs | — | — | — | — | $0 | ($1.7m) | — | |
| Amortization Cash Flow | — | — | $35.7m | $37.1m | $26.1m | $13.0m | — | |
| Amortization Of Intangibles | — | — | $35.7m | $37.1m | $26.1m | $13.0m | $11.7m | |
| Depreciation Amortization Depletion | — | — | $49.4m | $42.9m | $33.2m | $14.1m | $12.5m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $83k | $4k | ($39k) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $54.2m | $26.8m | $20.4m | $50.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | $54.1m | $26.8m | $20.4m | $50.5m | |
| Stock-based compensation | — | — | $30.5m | $54.2m | $26.8m | $20.4m | $50.5m | |
| Capitalization of stock-based compensation related to internal use software | — | — | $4.1m | $4.1m | $1.8m | $1.4m | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | $7.3m | $14.0m | $11.5m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $2.3m | $0 | $0 | — | |
| Impairment charges, net | — | — | $145.5m | $9.4m | $16.4m | $12.5m | — | |
| Asset Impairment Charge | — | — | $145.5m | $9.4m | $16.4m | $12.5m | $11.5m | |
| Nonoperating Income (Expense) | — | — | — | ($243.1m) | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $13.6m | — | — | — | |
| Change In Working Capital | — | — | ($48.5m) | ($52.9m) | ($10.3m) | $26.3m | ($4.7m) | |
| Other receivables, net | — | — | $37.5m | ($97k) | ($1.9m) | $2.3m | — | |
| Change In Receivables | — | — | $37.5m | ($97k) | ($1.9m) | $2.3m | $8.9m | |
| Accounts payable and accrued expenses | — | $5.2m | ($971k) | ($22.2m) | ($21.1m) | $17.0m | ($7.8m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | $1.7m | $584k | — | |
| Prepaid expenses and other assets | — | — | ($2.9m) | $14.7m | $16.9m | $9.5m | — | |
| Other liabilities | — | — | ($19.8m) | ($29.9m) | $1.5m | ($3.5m) | — | |
| Change In Other Current Assets | — | ($11.7m) | ($13.6m) | — | — | — | — | |
| Change In Other Current Liabilities | — | — | ($36.0m) | ($40.7m) | ($4.7m) | ($3.0m) | ($12.8m) | |
| Other Operating Income (Expense), Net | — | — | — | — | ($17.4m) | ($16.3m) | — | |
| Net Cash Provided by (Used in) Operating Activities | — | ($3.2m) |
($1.2m)
+64.46%
|
($159.7m)
-13759.31%
|
($380.0m)
-137.90%
|
($166.6m)
+56.16%
|
($151.6m)
+9.00%
|
|
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | ($11.7m) | $456k | $3.4m | $1.2m | ($10.7m) | |
| Proceeds from sale of property and equipment | — | — | $4.5m | $764k | $2.9m | $0 | — | |
| Capital Expenditure Reported | — | — | ($23.5m) | ($9.3m) | ($6.7m) | ($10.0m) | ($10.7m) | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | $529.2m | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | $297k | — | — | — | $1.9m | ($7.6m) | |
| Maturities of short-term investments | — | — | $0 | $31.3m | $183.3m | $446.7m | — | |
| Purchase of short-term investments | — | — | $0 | ($48.2m) | ($211.9m) | ($493.1m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $12.7m | $0 | — | $0 | |
| Net Other Investing Changes | — | — | — | — | ($108.1m) | ($603.9m) | ($301.7m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($278.0m) | ($34.6m) | ($38.6m) | ($143.8m) | ($661.5m) | ($282.1m) | |
| Cash flows from financing activities: | ||||||||
| Net borrowings on warehouse lines of credit | — | — | — | ($17.8m) | $117.9m | $167.8m | — | |
| Issuance Of Debt | — | — | $10.1b | $528.6m | $117.9m | $167.8m | $83.1m | |
| Long Term Debt Issuance | — | — | $10.1b | $528.6m | $117.9m | $167.8m | $83.1m | |
| Long Term Debt Payments | — | — | ($11.7b) | ($165.3m) | ($1.1m) | ($111.6m) | ($1.6m) | |
| Net Issuance Payments Of Debt | — | — | ($1.5b) | $363.2m | $116.7m | $56.2m | $81.5m | |
| Net Long Term Debt Issuance | — | — | ($1.5b) | $363.2m | $116.7m | $56.2m | $81.5m | |
| Net Short Term Debt Issuance | — | ($540.0m) | ($1.5b) | ($17.8m) | — | — | — | |
| Repayment Of Debt | — | — | ($11.7b) | ($165.3m) | ($1.1m) | ($111.6m) | ($1.6m) | |
| Short Term Debt Issuance | — | $50.5b | $10.1b | $2.7b | — | — | — | |
| Short Term Debt Payments | — | ($51.0b) | ($11.7b) | ($2.7b) | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | $0 | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | $0 | $16.4m | $0 | $29.2m | $40.9m | |
| Proceeds from issuance of common stock and exercise of stock options | — | — | $734k | $87k | $91k | $75k | $40.9m | |
| Vesting of common stock issued via notes receivable from stockholders | — | — | $14.6m | $3.6m | $893k | $0 | — | |
| Common Stock Issuance | — | — | $0 | $16.4m | $0 | $29.2m | $40.9m | |
| Common Stock Payments | — | ($5.6m) | ($7.9m) | $0 | — | — | $224k | |
| Issuance Of Capital Stock | — | — | $0 | $16.4m | $0 | $29.2m | $40.9m | |
| Repurchase Of Capital Stock | — | ($5.6m) | ($7.9m) | $0 | — | — | $224k | |
| Net Other Financing Charges | — | ($425k) | — | $260k | $122.3m | $628.9m | $628.9m | |
| Net Cash Provided by (Used in) Financing Activities | — | $281.3m |
$1.4m
-99.50%
|
$381.4m
+27141.05%
|
$239.1m
-37.30%
|
$714.3m
+198.72%
|
$474.9m
-33.52%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $38k | $248k | $182.0m | ($284.9m) | ($121.2m) | $139.0m | |
| Cash, cash equivalents, and restricted cash—Beginning of year | — | $38k | $285k | $528.1m | $235.5m | $116.6m | — | |
| Beginning Cash Position | — | — | $978.9m | $346.1m | $528.1m | $235.5m | $97.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $38k | $285k | $528.1m | $235.5m | $116.6m | $139.0m | |
| Effects of currency translation on cash, cash equivalents, and restricted cash | — | — | $726k | ($1.1m) | ($217k) | ($7.5m) | — | |
| Net decrease in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | — | $38k | $248k | $182.0m | ($284.9m) | ($121.2m) | — | |
| Less: net change in cash, cash equivalents and restricted cash classified within assets held for sale | — | — | — | $0 | ($7.7m) | ($2.3m) | — | |
| Restricted cash, end of year | — | — | $28.1m | $24.5m | $24.4m | $16.8m | — | |
| Effect Of Exchange Rate Changes | — | — | $726k | ($1.1m) | ($217k) | ($7.5m) | $1.2m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $13.1m | $12.0m | $13.8m | $21.8m | — | |
| Income Taxes Paid, Net | — | — | $1.8m | ($8.5m) | ($677k) | $1.7m | — | |
| Additional Financial Items | ||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($692k) | — | |
| Gain (Loss) on Sales of Loans, Net | — | — | — | $37.7m | $78.1m | $136.1m | — | |
| General and Administrative Expense | — | — | — | $147.2m | $52.2m | $45.3m | — | |
| Goodwill | — | — | — | $32.4m | $23.6m | $11.0m | $11.5m | |
| Income Tax Expense (Benefit) | — | — | — | $2.0m | $850k | $53k | — | |
| Investment Income, Interest | — | $20k | $4.3m | — | — | — | — | |
| Operating Costs and Expenses | — | $8.1m | $8.6m | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | $734k | $87k | $91k | $75k | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | $12.9m | $11.3m | — | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | $26k | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | ($452k) | $1.7m | ($673k) | — | |
| Gain on sale of loans, net | — | — | — | ($46.7m) | ($59.2m) | ($128.2m) | — | |
| Change in fair value of warrants and equity related liabilities | — | ($1.6m) | ($12.9m) | $507k | ($924k) | $69k | — | |
| Recovery of loan repurchase reserve | — | — | $33.5m | ($1.8m) | ($9.9m) | ($821k) | — | |
| Provision for credit losses | — | — | — | $0 | $1.7m | $584k | — | |
| Change in fair value of derivatives | — | — | $5.7m | $452k | ($1.7m) | $673k | — | |
| Change in fair value of loans held for investment attributable to hedged risk | — | — | — | — | $0 | ($1.9m) | — | |
| Change in fair value of mortgage loans held for sale | — | — | $54.3m | $26k | ($2.3m) | ($7.4m) | — | |
| Loss on disposal of assets held for sale | — | — | — | — | $0 | $692k | — | |
| Change in operating lease of right-of-use assets | — | — | — | $5.3m | ($2.3m) | ($3.3m) | — | |
| Originations of mortgage loans held for sale | — | — | ($10.5b) | ($3.0b) | ($3.6b) | ($4.7b) | — | |
| Proceeds from sale of mortgage loans held for sale | — | — | $12.0b | $3.0b | $3.5b | $4.7b | — | |
| Operating lease liabilities | — | — | ($16.1m) | ($10.8m) | ($6.2m) | $548k | — | |
| Escrow payable and other customer accounts | — | — | — | ($4.6m) | $567k | $484k | — | |
| Payment to dispose of assets held for sale | — | — | — | — | $0 | ($1.6m) | — | |
| Capitalization of internal use software | — | — | ($23.5m) | ($9.3m) | ($6.7m) | ($10.0m) | — | |
| Origination of loans held for investment | — | — | — | $0 | ($110.9m) | ($603.8m) | — | |
| Principal payments received on loans held for investment | — | — | — | $0 | $2.8m | $1.5m | — | |
| Principal payments on convertible notes | — | — | — | $0 | ($1.1m) | ($110.0m) | — | |
| Principal payments on senior notes | — | — | — | — | $0 | ($1.6m) | — | |
| Net increase in customer deposits | — | — | $0 | ($534k) | $122.3m | $628.9m | — | |
| Cash and cash equivalents, end of year | — | — | $318.0m | $503.6m | $211.1m | $99.8m | — | |
| Convertible notes exchange | — | — | — | — | $0 | $209.3m | — | |
| Reduction of lease liability via modification/termination | — | — | $0 | $2.5m | $20.9m | $0 | — | |
| Vesting of stock options early exercised in prior periods | — | — | $16.4m | $2.8m | $1.6m | $0 | — | |
| Settlement of notes receivable from stockholders | — | — | — | $0 | $1.8m | $0 | — | |
| Reclasses to internal use software | — | — | — | $0 | $2.3m | $0 | — | |
| Termination of notes receivable from stockholders | — | — | — | — | $0 | $9.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | ($1.5b) | $381.4m | $239.1m | $714.3m | $474.9m | |
| Cash Flow From Continuing Investing Activities | — | — | ($34.6m) | ($38.6m) | ($143.8m) | ($661.5m) | ($282.1m) | |
| Change In Account Payable | — | — | ($43.6m) | ($22.2m) | ($21.1m) | $17.0m | ($7.8m) | |
| Change In Cash Supplemental As Reported | — | — | ($632.8m) | $182.0m | ($284.9m) | ($121.2m) | — | |
| Change In Payable | — | — | ($47.1m) | ($26.8m) | ($20.5m) | $17.5m | ($7.8m) | |
| Change In Prepaid Assets | — | — | ($2.9m) | $14.7m | $16.9m | $9.5m | $5.8m | |
| Changes In Cash | — | — | ($633.5m) | $183.1m | ($284.6m) | ($113.7m) | $41.2m | |
| End Cash Position | — | — | $346.1m | $528.1m | $235.5m | $116.6m | $139.0m | |
| Financing Cash Flow | — | — | ($1.5b) |
$381.4m
+124.81%
|
$239.1m
-37.30%
|
$714.3m
+198.72%
|
$474.9m
-33.52%
|
|
| Free Cash Flow | — | — | $903.0m | ($169.5m) | ($390.1m) | ($177.8m) | ($165.5m) | |
| Gain Loss On Investment Securities | — | — | ($259.8m) | $237.3m | ($2.6m) | ($1.2m) | $4.0m | |
| Investing Cash Flow | — | — | ($34.6m) | ($38.6m) | ($143.8m) | ($661.5m) | ($282.1m) | |
| Net Business Purchase And Sale | — | ($5.1m) | ($3.8m) | ($12.7m) | $0 | — | $0 | |
| Net Intangibles Purchase And Sale | — | $5.0m | $0 | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | $0 | ($16.9m) | ($28.6m) | ($46.4m) | ($46.4m) | |
| Net PPE Purchase And Sale | — | — | ($7.2m) | $308k | ($450k) | ($1.2m) | ($1.1m) | |
| Operating Gains Losses | — | — | ($259.8m) | $237.3m | ($2.6m) | ($512k) | $3.7m | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | $0 | ($7.7m) | $2.3m | — | |
| Other Non Cash Items | — | — | $1.8b | $87.6m | ($226.6m) | ($65.9m) | — | |
| Proceeds From Stock Option Exercised | — | — | $734k | $1.5m | $91k | $75k | $5.8m | |
| Provisionand Write Offof Assets | — | — | $33.5m | ($1.8m) | ($8.3m) | ($237k) | $3.0m | |
| Purchase Of Business | — | ($5.1m) | ($3.8m) | ($12.7m) | $0 | — | $0 | |
| Purchase Of Investment | — | — | $0 | ($48.2m) | ($211.9m) | ($493.1m) | ($493.1m) | |
| Purchase Of PPE | — | — | ($11.7m) | ($456k) | ($3.4m) | ($1.2m) | ($10.7m) | |
| Sale Of Intangibles | — | $5.0m | $0 | — | — | — | — | |
| Sale Of Investment | — | — | $0 | $31.3m | $183.3m | $446.7m | $446.7m | |
| Sale Of PPE | — | — | $4.5m | $764k | $2.9m | $0 | $0 | |
| Unrealized Gain Loss On Investment Securities | — | — | $54.3m | $26k | ($2.3m) | ($7.4m) | ($7.6m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.