For the quarter ending 2026-03-31, BETR had -$12,816K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total net revenues | - | 164,872 | - | - |
| Compensation and benefits | - | 174,226 | - | - |
| General and administrative | - | 45,323 | - | - |
| Technology | - | 27,874 | - | - |
| Marketing and advertising | - | 38,356 | - | - |
| Home Finance Segment | - | 14,499 | - | - |
| Banking Segment | - | 0 | - | - |
| Loan origination expense | - | 14,499 | - | - |
| Depreciation and amortization | - | 14,069 | - | - |
| Other expenses/(income) | - | -16,344 | - | - |
| Impairment charges, net | - | 11,073 | 76 | 1,356 |
| Income tax expense | - | 53 | - | - |
| Net loss | -70,311 | -39,920 | -39,125 | -86,827 |
| Net loss discontinued operations | -20,961 | - | - | - |
| Depreciation of property and equipment | 244 | 248 | 85 | 711 |
| Impairment charges, net | -87 | - | - | - |
| Amortization of internal use software and other intangible assets | 2,753 | 2,913 | 3,313 | 6,799 |
| Gain on sale of loans, net | 44,064 | 36,667 | 36,249 | 55,293 |
| Non-cash interest and amortization of debt issuance costs and discounts | 0 | 0 | 0 | 1,700 |
| Change in fair value of warrants and equity related liabilities | 6,202 | -5,854 | 5,579 | 344 |
| Stock-based compensation | 23,795 | 7,876 | 4,271 | 8,285 |
| Provision (recovery) of loan repurchase reserve | 638 | 292 | 1,436 | -2,549 |
| Provision for credit losses | 584 | -72 | -146 | 802 |
| Amortization/accretion of deferred fees and costs | - | 630 | 1,079 | - |
| Change in fair value of derivatives | 2,282 | -3,416 | 2,351 | 392 |
| Change in operating lease of right-of-use assets | - | - | 147 | -3,431 |
| Change in fair value of loans held for investment attributable to hedged risk | - | 1,946 | - | - |
| Change in fair value of mortgage loans held for sale | 4,905 | -921 | 770 | -7,206 |
| Gain on disposal of assets held for sale | 1,000 | 0 | -692 | - |
| Change in operating lease of right-of-use assets | 217 | -3,291 | - | - |
| Originations of mortgage loans held for sale | 1,616,945 | 1,423,088 | 1,200,231 | 2,055,658 |
| Proceeds from sale of mortgage loans held for sale | 1,568,508 | 1,407,803 | 1,267,890 | 2,068,863 |
| Other receivables, net | 5,418 | -18,203 | 1,770 | 14,138 |
| Prepaid expenses and other assets | 6,161 | -4,564 | -6,430 | 1,502 |
| Operating lease liabilities | -246 | -496 | -907 | 1,951 |
| Accounts payable and accrued expenses | -1,973 | -3,432 | 8,723 | 11,737 |
| Escrow payable and other customer accounts | 2,198 | -496 | 259 | 721 |
| Other liabilities | 2,497 | -129 | -13,603 | 10,212 |
| Net cash used in operating activities | - | -57,270 | 4,210 | -113,515 |
| Origination of loans held for investment | - | 98,399 | 204,814 | 300,624 |
| Principal payments received on loans held for investment | - | 471 | 250 | 797 |
| Maturities of short-term investments | - | 94,584 | 104,273 | 247,869 |
| Purchase of short-term investments | - | 65,657 | 102,874 | 324,557 |
| Net cash used in operating activities-continuing operations | -124,795 | - | - | - |
| Purchase of property and equipment | 378 | 344 | 240 | 609 |
| Payment to dispose of assets held for sale | - | 0 | 1,597 | - |
| Net cash used in investing activities | - | -71,978 | -207,562 | -381,967 |
| Proceeds from sale of property and equipment | - | 0 | - | - |
| Proceeds of sale of assets held for sale | 2,371 | - | - | - |
| Principal payments on convertible notes | - | -1,606 | 1,606 | 110,000 |
| Capitalization of internal use software | 2,348 | 2,633 | 2,560 | 4,843 |
| Principal payments on senior notes | - | 1,606 | - | - |
| Net cash used in investing activities-continuing operations | -355 | - | - | - |
| Net borrowings (repayments) on warehouse lines of credit | 95,719 | 62,091 | -21,418 | 127,119 |
| Net increase in customer deposits | - | 68,169 | 212,455 | 348,230 |
| Proceeds from issuance of common stock under at-the-market offering | 11,686 | 28,632 | 589 | - |
| Proceeds from issuance of stock options | 0 | - | - | - |
| Proceeds from exercise of warrants | 5,732 | 71 | 3 | 1 |
| Net investment in discontinued operations | 0 | - | - | - |
| Net cash provided by financing activities | - | 158,963 | 190,023 | 365,350 |
| Net cash provided by/(used in) financing activities-continuing operations | 113,137 | - | - | - |
| Effects of currency translation on cash, cash equivalents, and restricted cash | -803 | -562 | 1,982 | -8,922 |
| Net decrease in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | -12,816 | 29,153 | -11,347 | -139,054 |
| Less net change in cash, cash equivalents and restricted cash classified within assets held for sale | 1,790 | - | - | - |
| Cash, cash equivalents, and restricted cashbeginning of period | 88,283 | - | - | - |
| Cash, cash equivalents, and restricted cashend of period | 73,677 | - | - | - |
Better Home & Finance Holding Co (BETR)
Better Home & Finance Holding Co (BETR)