Short answer
Better Home & Finance Holding Co (BETR) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3M (down 9.5% year over year) with net income of −$39M.
Q3 2025 key financials · XBRL
- Revenue
- $3M
- −9.5% YoY · −15.8% QoQ
- Net income
- −$39M
- +27.8% YoY · −7.9% QoQ
- EPS (diluted)
- −$2.55
- +73.5% YoY · −6.7% QoQ
Source: XBRL data from the Better Home & Finance Holding Co (BETR) Q3 2025 10-Q on SEC EDGAR. USD.
Better Home & Finance Holding Co Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Total net revenue $43.9M, up from $29.0M YoY; gain on loans $36.4M vs $21.5M
- Gain-on-sale margin 3.01% vs 2.08% YoY; funded loan volume $1.21B vs $1.04B
- Best channel Retail loan volume $483M; worst B2B volume $0 vs $259M YoY
- Net loss $39.1M vs $54.2M YoY; total expenses $82.8M vs $83.1M
- Ally relationship winding down; investments in Tinman AI, Retail expansion, and strategic partnerships for HELOCs and HELOANs
Risk Factors
- Equity dilution risk: September 2025 ATM program permits Class A sales up to $75.0 million
- Stock-price volatility: September 22, 2025 intraday range of $33.24–$94.06
- Market-liquidity risk: Nasdaq closing prices ranged $9.25–$86.07 from January 22–November 10, 2025
- Key-person risk: CFO Kevin Ryan stepping down November 14, 2025 during successor search
- Insider-sale risk: Rule 10b5-1 plans cover up to 18,000 and 24,000 shares respectively
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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