Better Home & Finance Q3 revenue $29M, funded loan volume $1.035B, net loss $54.1M

Better Home & Finance Holding Co

2024-Q3 EPS reported -$9.74 revenue$8,768,000

Q3 funded loan volume $1.035B, up 42% YoY and 8% QoQ; revenue $29.0M ($4.9M in Q3'23).
Net loss $54.1M, compared to $41.4M in Q2'24 and $353.9M in Q3'23; cash $480.1M.
Launched Betsy, voice-based AI loan assistant; plan to diversify distribution via 'NEO Powered by Better'.
Expects Q4 funded loan volume approximately in-line with Q3 due to seasonality offset by growth initiatives.
Q2'24 revenue included ~$5.5M nonrecurring mark-to-market benefit; exclude for sequential comparison.

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