Better Home & Finance Q3 net loss $340M, revenue $16.4M; guides Q4 funded volume ~$500M

Better Home & Finance Holding Co

2023-Q3 EPS reported -$1.30

Revenue $16.4M, net loss $340.0M, Adjusted EBITDA loss $54.4M for Q3 2023.
Closed de-SPAC business combination, unlocking ~$565M fresh capital; cash $584M at quarter end.
Funded loan volume $731M across 2,067 loans; gain on sale margin 1.94%.
Q4 2023 guidance: funded loan volume approximately $500M, with continued expense management.
HELOC business grew to 326 funded loans in first nine months of 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Better Home & Finance Holding Co reported for the three and nine months ended September 30, 2023 results: revenue $16.4 million and $67.6 million, net income $340.0 million and $475.4 million.

Period: for the three and nine months ended September 30, 2023
Revenue: $16.4 million and $67.6 million
Net income: $340.0 million and $475.4 million
Result: reported results

Exact text from the filing

Revenue was $16.4 million and $67.6 million in the three and nine months ended September 30, 2023, respectively. Net loss was $340.0 million and $475.4 million in the three and nine months ended September 30, 2023, respectively.

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Source: SEC EDGAR

accession 0001628280-23-038791

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