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Saturday 7 November 2026
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Better Home & Finance Holding Company
BETR Financial Mortgage Finance
Better Home & Finance Holding Company’s revenue for fiscal 2025 (year ended December 2025) was $207.7 million, up 59.8% from fiscal 2024.
- Revenue
- +25.8%
- EPS
- +31.4%
- Free cash flow
- +136.1%
Quarter to June 2026, against a year earlier
19.24
0.27
+1.42%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 2 | 395 | 104 | 130 | 208 | 238 | +237.9% | 193 | 267 | 348 | +18.7% | |
| Gross margin, % | — | — | — | — | — | 100.00 | 95.68 | 69.60 | 83.47 | 79.37 | 81.25 | (20.6) pt | ||||||
| EBT | — | — | — | — | 0 | (7) | (876) | (534) | (205) | (166) | (170) | n/m | ||||||
| EBT margin, % | — | — | — | — | 0.00 | (409.73) | (221.72) | (514.18) | (158.06) | (79.83) | (71.56) | (79.8) pt | ||||||
| Net income | — | 0 | — | — | 0 | (5) | (877) | (536) | (206) | (166) | (160) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 8.31 | 67.81 | 11.26 | 8.60 | 13.52 | 12.74 | n/m | |||||
| Earnings | — | — | — | — | 0.00 | (11.09) | (150.54) | (58.00) | (13.65) | (10.80) | (11.02) | n/m | ||||||
| Cash flow | — | — | — | — | 0.00 | (16.91) | 161.05 | (17.30) | (25.14) | (10.85) | (8.31) | n/m | ||||||
| Capex | — | — | — | — | 0.00 | 0.00 | (5.28) | (0.98) | (0.47) | (0.73) | (0.57) | n/m | ||||||
| Free cash flow | — | — | — | — | 0.00 | (16.91) | 155.77 | (18.27) | (25.62) | (11.58) | (8.89) | n/m | ||||||
| Book value | — | — | — | — | 0.00 | 37.26 | (28.82) | 13.28 | (3.85) | 2.42 | 3.10 | +653.0% | ||||||
| Shares, m | — | — | — | — | 55 | 0 | 6 | 9 | 15 | 15 | 16 | (22.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 65.52 | 0.00 | 0.00 | 0.00 | 0.00 | 13.1 | |||||
| P/S | — | — | — | — | — | 59.60 | 0.00 | 5.72 | 1.04 | 2.41 | 1.52 | 13.8 | ||||||
| P/B | — | — | — | — | — | 16.60 | 0.00 | 4.85 | 0.00 | 13.46 | 6.25 | 7.0 | ||||||
| EV/Sales | — | — | — | — | — | 59.58 | 1.42 | (1.83) | (1.19) | 1.98 | — | 12.0 | ||||||
| EV/FCF | — | — | — | — | — | (29.26) | 28.86 | 1.13 | 0.40 | (2.32) | — | (0.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | (3) | 938 | (160) | (380) | (167) | (155) | n/m | |||||
| Capex | — | — | — | — | 0 | 0 | (31) | (9) | (7) | (11) | (11) | n/m | ||||||
| Free cash flow | — | — | — | — | 0 | (3) | 908 | (169) | (387) | (178) | (166) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 0 | (7) | (509) | 26 | (129) | (23) | (62) | +307.2% | |||||
| Net debt | — | — | — | — | — | 0 | (346) | (554) | (289) | (220) | (112) | +774.8% | ||||||
| Shareholders’ equity | — | — | — | — | 0 | 7 | (168) | 123 | (58) | 37 | 58 | +494.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (7.10) | (4.67) | (128.75) | (53.94) | (22.69) | (13.72) | (12.97) | (6.6) pt | |||||
| ROIC | — | — | — | — | 0.00 | (57.39) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | (0.55) | (228.10) | 293.11 | 222.77 | (640.36) | 1,580.70 | (267.67) | +1,581.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 3 | 3 | 820 | 1,250 | 1,329 | — | +358.8% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.53 | 131.69 | 0.13 | 0.10 | 0.16 | — | (26.3%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Better Home & Finance Holding Company vs peers in Mortgage Finance (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PFSI PennyMac Financial Services, Inc. | $3.5B | 14.2× | 15.8× | −25.93% (below 0%: shrinking) | −84.29% (below 0%: shrinking) | +218.40% (above 0%: growing) | 76.86% | 14.29% | Compare |
| UWMC UWM Holdings Corporation | $2.6B | — (loss-making) | — (loss-making) | −81.06% (below 0%: shrinking) | n/m | +64.57% (above 0%: growing) | 24.81% | (192.94%) | Compare |
| WD Walker & Dunlop, Inc. | $1.4B | — (loss-making) | 35.2× | −11.62% (below 0%: shrinking) | n/m | +175.64% (above 0%: growing) | 44.82% | (10.67%) | Compare |
| VEL Velocity Financial, Inc. | $689.0M | 6.3× | 12.1× | +34.05% (above 0%: growing) | +3.03% (above 0%: growing) | −152.77% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| BETR Better Home & Finance Holding Company | $360.6M | — (loss-making) | — (loss-making) | +25.81% (above 0%: growing) | n/m | +136.12% (above 0%: growing) | 89.80% | 0.00% | |
| ONIT Onity Group Inc. | $269.2M | 2.0× | 13.2× | −0.78% (below 0%: shrinking) | −80.82% (below 0%: shrinking) | +306.19% (above 0%: growing) | 100.00% | 0.00% | Compare |
| LDI loanDepot, Inc. | $211.5M | — (loss-making) | — (loss-making) | +19.39% (above 0%: growing) | n/m | +589.11% (above 0%: growing) | 87.77% | 10.45% | Compare |
| GHI Greystone Housing Impact Investors LP | $103.1M | — (loss-making) | 3.2× | −7.10% (below 0%: shrinking) | n/m | −92.85% (below 0%: shrinking) | 93.66% | 60.90% | Compare |
| IOR Income Opportunity Realty Investors, Inc. | $72.7M | 20.1× | 13.8× | +534.29% (above 0%: growing) | −29.17% (below 0%: shrinking) | +155.56% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $479.1M | 10.2× | 13.5× | −3.94% | −54.99% | +165.60% | 60.84% | 0.00% |