| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -125,952 | -86,827 |
| Depreciation of property and equipment | 796 | 711 |
| Impairments | 1,432 | 1,356 |
| Amortization of internal use software and other intangible assets | 10,112 | 6,799 |
| Gain on sale of loans, net | 91,542 | 55,293 |
| Non-cash interest and amortization of debt issuance costs and discounts | 1,700 | 1,700 |
| Change in fair value of warrants | 5,923 | 344 |
| Stock-based compensation | 12,556 | 8,285 |
| Recovery of loan repurchase reserve | -1,113 | -2,549 |
| Provision for credit losses | 656 | 802 |
| Amortization/accretion of deferred fees and costs | 1,079 | - |
| Change in fair value of derivatives | 2,743 | 392 |
| Change in fair value of mortgage loans held for sale | -6,436 | -7,206 |
| Loss on disposal of assets held for sale | -692 | - |
| Change in operating lease of right-of-use assets | -3,284 | -3,431 |
| Originations of mortgage loans held for sale | 3,255,889 | 2,055,658 |
| Proceeds from sale of mortgage loans held for sale | 3,336,753 | 2,068,863 |
| Other receivables, net | 15,908 | 14,138 |
| Prepaid expenses and other assets | -4,928 | 1,502 |
| Operating lease liabilities | 1,044 | 1,951 |
| Accounts payable and accrued expenses | 20,460 | 11,737 |
| Escrow payable and other customer accounts | 980 | 721 |
| Other liabilities | -3,391 | 10,212 |
| Net cash used in operating activities | -109,305 | -113,515 |
| Purchase of property and equipment | 849 | 609 |
| Payment to dispose of assets held for sale | 1,597 | - |
| Capitalization of internal use software | 7,403 | 4,843 |
| Maturities of short-term investments | 352,142 | 247,869 |
| Purchase of short-term investments | 427,431 | 324,557 |
| Origination of loans held for investment | 505,438 | 300,624 |
| Principal payments received on loans held for investment | 1,047 | 797 |
| Net cash used in investing activities | -589,529 | -381,967 |
| Principal payments on notes | 111,606 | 110,000 |
| Net borrowings on warehouse lines of credit | 105,701 | 127,119 |
| Net increase/(decrease) in customer deposits | 560,685 | 348,230 |
| Proceeds from issuance of common stock under at-the-market offering | 589 | - |
| Proceeds from exercise of stock options | 4 | 1 |
| Net cash provided by financing activities | 555,373 | 365,350 |
| Effects of currency translation on cash, cash equivalents, and restricted cash | -6,940 | -8,922 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash, including cash classified within assets held for sale | -150,401 | -139,054 |
Better Home & Finance Holding Co (BETRW)
Better Home & Finance Holding Co (BETRW)