| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 73,893 | 87,134 | ||
| Restricted cash | 12,551 | 10,645 | ||
| Short-term investments | 131,902 | 134,390 | ||
| Mortgage loans held for sale, at fair value | 413,998 | 447,738 | ||
| Loans held for investment (net of allowance for credit losses of 2,323 and 1,667 as of september30, 2025 and december31, 2024, respectively) | 623,396 | 420,566 | ||
| Other receivables, net | 32,878 | 30,936 | ||
| Assets held for sale | 7,696 | 9,071 | ||
| Property and equipment, net | 1,850 | 1,923 | ||
| Right-of-use assets | 4,671 | 4,818 | ||
| Net carrying value | 19,666 | - | ||
| Intangible assets with indefinite lives-Internet Domain Names | 1,820 | - | ||
| Intangible assets with indefinite lives-Licenses And Other Intangibles | 34 | - | ||
| Internal use software and other intangible assets, net | 21,520 | 21,273 | ||
| Goodwill | 24,513 | 24,765 | ||
| Derivative assets, at fair value | 5,290 | 5,248 | ||
| Prepaid expenses and other assets | 29,976 | 33,354 | ||
| Total assets | 1,384,134 | 1,231,861 | ||
| Warehouse lines of credit | 349,771 | 371,189 | ||
| Convertible notes | 0 | 0 | ||
| Senior notes | 198,802 | 200,409 | ||
| Customer deposits | 694,815 | 482,360 | ||
| Liabilities held for sale | 5,171 | 6,932 | ||
| Accounts payable and accrued expenses (includes 131 and 74 payable to related parties as of september30, 2025 and december31, 2024, respectively) | 74,267 | 63,782 | ||
| Escrow payable and other customer accounts | 410 | 376 | ||
| Warrant and equity related liabilities, at fair value | 7,329 | 1,751 | ||
| Lease liabilities | 5,125 | 6,032 | ||
| Derivative liabilities, at fair value | - | 2,402 | ||
| Other liabilities | 6,532 | 20,071 | ||
| Total liabilities | 1,342,222 | 1,155,304 | ||
| Common stock 0.0001 par value 66,000,000 shares authorized as of september30, 2025 and december31, 2024, and 15,375,949 and 15,168,795 shares issued and outstanding as of september30, 2025 and december31, 2024, respectively | 2 | 2 | ||
| Notes receivable from stockholders | 9,160 | 9,160 | ||
| Additional paid-in capital | 2,083,521 | 2,077,303 | ||
| Accumulated deficit | -2,036,318 | -1,997,193 | ||
| Accumulated other comprehensive income/(loss) | 3,867 | 5,605 | ||
| Total stockholders equity/(deficit) | 41,912 | 76,557 | ||
| Total liabilities and stockholders equity/(deficit) | 1,384,134 | 1,231,861 | ||
Better Home & Finance Holding Co (BETR)
Better Home & Finance Holding Co (BETR)