Short answer
Better Home & Finance Holding Co (BETR) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1M (down 71.7% year over year) with net income of −$70M.
Q1 2026 key financials · XBRL
- Revenue
- $1M
- −71.7% YoY
- Net income
- −$70M
- −39.1% YoY
- EPS (diluted)
- −$4.29
- −28.8% YoY
Source: XBRL data from the Better Home & Finance Holding Co (BETR) Q1 2026 10-Q on SEC EDGAR. USD.
Better Home & Finance Holding Co Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $47.5M, up 51.6% YoY from $31.3M, driven by gain on loans of $44.8M vs $24.6M
- Net loss $49.4M vs $46.0M; gain-on-sale margin 2.72% vs 2.83% YoY
- Best performer: gain on sale $44.1M, up 107%; weakest: real estate services $0.2M vs $0.9M
- Operating cash outflow $124.8M vs $46.3M; financing cash inflow $113.1M vs $53.4M outflow
- Outlook: loan growth supported by $750.0M warehouse capacity; elevated rates and affordability constraints remain headwinds
Risk Factors
- New divestiture risk: Birmingham Bank sale may fail due to unacceptable terms or required regulatory, contractual, or third-party approvals
- Most material update: Birmingham Bank classified as an asset held for sale following announced divestiture plans
- Regulatory risk: Birmingham Bank transaction requires regulatory approvals and satisfaction of definitive agreement conditions
- Operational risk: Sale process may divert management and employee attention and disrupt counterparties
- Market risk: Middle East conflict has increased energy and financial-market volatility, affecting U.S. interest rates and housing activity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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