For the quarter ending 2025-09-30, BETRW had -$11,347K decrease in cash & cash equivalents over the period. $3,970K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -39,125 | -86,827 |
| Depreciation of property and equipment | 85 | 711 |
| Impairments | 76 | 1,356 |
| Amortization of internal use software and other intangible assets | 3,313 | 6,799 |
| Gain on sale of loans, net | 36,249 | 55,293 |
| Non-cash interest and amortization of debt issuance costs and discounts | 0 | 1,700 |
| Change in fair value of warrants | 5,579 | 344 |
| Stock-based compensation | 4,271 | 8,285 |
| Recovery of loan repurchase reserve | 1,436 | -2,549 |
| Provision for credit losses | -146 | 802 |
| Amortization/accretion of deferred fees and costs | 1,079 | - |
| Change in fair value of derivatives | 2,351 | 392 |
| Change in fair value of mortgage loans held for sale | 770 | -7,206 |
| Loss on disposal of assets held for sale | -692 | - |
| Change in operating lease of right-of-use assets | 147 | -3,431 |
| Originations of mortgage loans held for sale | 1,200,231 | 2,055,658 |
| Proceeds from sale of mortgage loans held for sale | 1,267,890 | 2,068,863 |
| Other receivables, net | 1,770 | 14,138 |
| Prepaid expenses and other assets | -6,430 | 1,502 |
| Operating lease liabilities | -907 | 1,951 |
| Accounts payable and accrued expenses | 8,723 | 11,737 |
| Escrow payable and other customer accounts | 259 | 721 |
| Other liabilities | -13,603 | 10,212 |
| Net cash used in operating activities | 4,210 | -113,515 |
| Purchase of property and equipment | 240 | 609 |
| Payment to dispose of assets held for sale | 1,597 | - |
| Capitalization of internal use software | 2,560 | 4,843 |
| Maturities of short-term investments | 104,273 | 247,869 |
| Purchase of short-term investments | 102,874 | 324,557 |
| Origination of loans held for investment | 204,814 | 300,624 |
| Principal payments received on loans held for investment | 250 | 797 |
| Net cash used in investing activities | -207,562 | -381,967 |
| Principal payments on notes | 1,606 | 110,000 |
| Net borrowings on warehouse lines of credit | -21,418 | 127,119 |
| Net increase/(decrease) in customer deposits | 212,455 | 348,230 |
| Proceeds from issuance of common stock under at-the-market offering | 589 | - |
| Proceeds from exercise of stock options | 3 | 1 |
| Net cash provided by financing activities | 190,023 | 365,350 |
| Effects of currency translation on cash, cash equivalents, and restricted cash | 1,982 | -8,922 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | -11,347 | -139,054 |
Better Home & Finance Holding Co (BETRW)
Better Home & Finance Holding Co (BETRW)