For the year ending 2025-12-31, BETR had -$121,248K decrease in cash & cash equivalents over the period. -$167,768K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| 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 |
| Income tax expense | 53 |
| Net loss | -165,872 |
| Depreciation of property and equipment | 1,044 |
| Impairment charges, net | 12,505 |
| Amortization of internal use software and other intangible assets | 13,025 |
| Gain on sale of loans, net | 128,209 |
| Non-cash interest and amortization of debt issuance costs and discounts | 1,700 |
| Change in fair value of warrants and equity related liabilities | 69 |
| Stock-based compensation | 20,432 |
| Recovery of loan repurchase reserve | -821 |
| Provision for credit losses | 584 |
| Amortization/accretion of deferred fees and costs | 1,709 |
| Change in fair value of derivatives | -673 |
| 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 | -7,357 |
| Loss on disposal of assets held for sale | -692 |
| Change in operating lease of right-of-use assets | -3,291 |
| Originations of mortgage loans held for sale | 4,678,977 |
| Proceeds from sale of mortgage loans held for sale | 4,744,556 |
| Other receivables, net | -2,295 |
| Prepaid expenses and other assets | -9,492 |
| Operating lease liabilities | 548 |
| Accounts payable and accrued expenses | 17,028 |
| Escrow payable and other customer accounts | 484 |
| Other liabilities | -3,520 |
| Net cash used in operating activities | -166,575 |
| Purchase of property and equipment | 1,193 |
| Payment to dispose of assets held for sale | 1,597 |
| Proceeds from sale of property and equipment | 0 |
| Capitalization of internal use software | 10,036 |
| Maturities of short-term investments | 446,726 |
| Purchase of short-term investments | 493,088 |
| Origination of loans held for investment | 603,837 |
| Principal payments received on loans held for investment | 1,518 |
| Net cash used in investing activities | -661,507 |
| Principal payments on convertible notes | 110,000 |
| Principal payments on senior notes | 1,606 |
| Net borrowings on warehouse lines of credit | 167,792 |
| Net increase in customer deposits | 628,854 |
| Proceeds from issuance of common stock under at-the-market offering | 29,221 |
| Proceeds from issuance of common stock and exercise of stock options | 75 |
| Net cash provided by financing activities | 714,336 |
| Effects of currency translation on cash, cash equivalents, and restricted cash | -7,502 |
| Net decrease in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | -121,248 |
Better Home & Finance Holding Co (BETR)
Better Home & Finance Holding Co (BETR)