Better Home & Finance Holding Company

BETR

Financial - Mortgages · Financial Services

Price

$11.68

+0.08 (+0.69%)

Market Cap

$183.0M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count falling — buybacks

−97.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 737.6M (2021) → 15.3M (2025)

Winston Score History

The full picture

Better Home & Finance Holding Company is a digital mortgage lender that helps people buy homes or refinance their existing home loans entirely online. Its main product is home mortgages, and its customers are everyday homebuyers and homeowners across the United States. The company is known for removing traditional loan officers from the process and using technology to speed up approvals.

Better makes money by originating mortgage loans and then selling them to investors, keeping a fee on each transaction. It also earns revenue from related services like homeowners insurance and title insurance. The company operates primarily in the US and, despite a 62% gross margin, is still losing significant money at the operating level, reflecting heavy spending relative to its small revenue base. The biggest risk Better faces is its sensitivity to interest rates — when rates are high, fewer people refinance or buy homes, which directly shrinks its loan volume and revenue.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+18.7% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+31.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

38.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 months

$115M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Better Home & Finance Holding Company has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

84.5%

Premium pricing power — 84.5% gross margin

Profit after running costs

Operating Margin

-42.1%

Losing money on operations — -42.1%

Return on the money invested

ROCE

-17.2%

Weak — -17.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+32.2%

Fast-growing sales (+32.2% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-111.6%

Burning cash (-111.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

11.36

Heavy debt load (11.36)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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