Better Home & Finance Holding C (BETR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Better Home & Finance Holding C

NasdaqGM•Financial Services•Mortgage Finance

$14.48+1.28(0.10%)Market closed

Market Cap

$229.82M

P/S

1.2x

P/B

4.0x

Better Home & Finance Holding Company operates as a homeownership company in the United States. The company provides government-sponsored enterprise (GSE) conforming loans, Federal Housing Administration insured loans, Department of Veterans Affairs guaranteed loans, and jumbo loans to GSEs, banks, insurance companies, asset managers, and mortgage real estate investment trusts. It offers real estate agent services, title insurance and settlement services, and homeowners insurance services. It also offers home equity lines of credit and closed-end second-lien loans. The company has a strategic collaboration with Coinbase Global, Inc. for the development of token-backed mortgage products. The company formerly known as Better Mortgage Corporation and changed its name to Better Home & Finance Holding Company in August 2023. Better Home & Finance Holding Company is headquartered in New York, New York.

How this company scores

WeakMetricSide Score: 47/100

Grade capped at D — Interest coverage below 1× (-6.5x) — earnings cannot cover interest. Strongest: Growth (20/25); weakest: Balance Sheet & Red Flags (2/25).

Profitability13/25

Growth20/25

Balance Sheet & Red Flags2/25

Cash & Earnings Quality12/25

Strengths

Growing revenueCash-backed earningsProfit converts from growthConsistent growth

Grade capped at D

Interest coverage below 1× (-6.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 1403.4x5y range 1403.4x – 1403.4x

P/S · 1.2x5y range 1.2x – 723.0x

Currently below its 12-quarter median.

P/B · 4.0x5y range 2.5x – 694.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $229.82M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $190.37M
Q. Revenue: $54.70M
TTM EBITDA: $-149.02M
TTM Op. Income: $-161.55M
Q. Op. Income: $-31.40M
TTM Net Income: $-179.95M
Q. Net Income: $-30.59M
EPS: $-1.64
Shares Out.: $18.65M

$190.37M in TTM revenue grew 45.7% YoY, reaching $54.70M last quarter. TTM EBITDA of $-149.02M and TTM operating income of $-161.55M show growth is flowing through to the bottom line. However, net income is negative at $179.95M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -52.0%
Op. Margin: -57.4%
Net Margin: -55.9%

Op. margin of -57.4% is up 24.5% YoY — cost efficiency is improving. Net margin at -55.9% Over the past year, operating margin is up 30% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.2x
P/B Ratio: 4.0x

P/S of 1.2x and P/B of 4.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.54B
Cash: $102.25M
Long-Term Debt: $198.80M
Book Value: $57.90M
D/E Ratio: 3.4
Debt/EBITDA: N/A

With $1.54B in assets and $198.80M in long-term debt, D/E is 3.4and book value is $57.90M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 31% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $23.47M
TTM Free Cash Flow: $-155.82M
FCF Margin: -81.9%
FCF / Net Income: 0.9

TTM FCF of $-155.82M on $23.47M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 33% — an improving trend.