Better Home & Finance Q1 revenue up 26% QoQ to $22M; net loss flat at $51M

Better Home & Finance Holding Co

2024-Q1 EPS reported -$0.07 revenue$2,817,000

Funded loan volume grew 25% sequentially in Q1'24; revenue of $22M, up 26% from Q4'23.
Net loss of $51M, unchanged from Q4'23; ended quarter with $509M cash and short-term investments.
Management expects Q2'24 funded loan volume above $800M, citing home equity and purchase demand.
Continued investment in proprietary Tinman platform to improve mortgage fulfillment efficiency.
Focus on managing toward profitability with technology efficiency and corporate cost reductions.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Better Home & Finance Holding Co reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 13, 2024, Better Home & Finance Holding Company (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001628280-24-022922

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