Riaz Valani
On March 11, 2025, Riaz Valani, a member of the Board of Directors (the “Board”) of Better Home & Finance Holding Company (the “Company”) since its inception, informed the Company of his resignation as a director, effective immediately.
Highest-materiality recent filing
Loan volume $1.67B (+38% YoY); total net revenues $54.7M (+28% YoY).
Better Home & Finance CEO steps down; Daniel Lewis interim CEO; Q2 rev up 28% YoY
Vishal Garg stepped down as CEO; Board member Daniel Lewis appointed Interim CEO effective immediately.
Better Home & Finance expands Credit Karma partnership to include HELOC products
Amended broker agreement with Intuit Credit Karma to add HELOC products to existing partnership.
Director David Barse resigns; Daniel Lewis elected to board of Better Home & Finance
David Barse resigned from the board effective July 27, 2026, with no disagreement with the company.
All 8 director nominees elected; Harit Talwar received 10.3M for, 5.6M against, 0.7M abstain.
Better Home & Finance Q1 loan volume up 89% to $1.64B, net loss widens to $70M
Loan volume $1.64B (+89% YoY); total net revenues $48M (+52% YoY); net loss $70M vs $51M loss a year ago.
Better Home & Finance raises $66M in offering; Q1 loan volume $1.64B beats guidance
Raised $66.1M net in underwritten offering of 2.16M shares at $32.00/share; 60-day lock-up.
Better Home & Finance elects Hugh R. Frater as director and audit committee member
Elected effective March 23, 2026; Frater qualifies as independent under Nasdaq rules.
Better Home & Finance dismisses Deloitte as auditor, appoints BDO
Deloitte & Touche LLP dismissed as auditor on March 16, 2026; BDO USA, P.C. appointed for fiscal year 2026.
Better Home Q4 revenue $44M (+77% YoY); Tinman AI funded volume $646M, above guidance
Revenue $44M (+77% YoY); net loss $40M vs $59M loss in Q4 2024 (33% improvement).
Better Home & Finance issues warrant to Framework Ventures for up to 211,312 shares at $27 exercise
Warrant purchased for $0.01 to buy up to 211,312 shares of Class A common stock.
Better.com renews $175M warehouse facility on improved terms; reaffirms guidance
Amended $175M warehouse facility with lower cash deposit requirements, expanded leverage capacity, and higher advance rates on non-GSE loans.
Better Home renews $175M warehouse facility on improved terms; reaffirms volume & EBITDA guidance
Renewed $175M warehouse facility with reduced cash deposits, expanded leverage, and higher advance rates on non-GSE loans.
Better Home & Finance appoints Loveen Advani as CFO, updates ATM program
Appointed Loveen Advani as CFO effective Feb 2, 2026; base salary $450k, target bonus 100%, 110k RSUs, 100k PSUs.
CEO Vishal Garg to adopt $5M Rule 10b5-1 trading plan for stock purchases
CEO Vishal Garg will adopt a 10b5-1 plan to purchase up to $5M of Class A common stock.
Better Home & Finance appoints Barry Feierstein as COO; base salary $450k plus equity
Barry Feierstein, 64, named COO effective Dec 19, 2025; will oversee corporate operations.
Better Home & Finance Q3 revenue $44M, net loss narrows to $39M; sees $500M monthly run rate
Revenue $44M in Q3 2025 vs $29M in Q3 2024; net loss $39M vs $54M YoY.
CEO Vishal Garg receives 287,500 RSUs tied to stock price goals and 287,500 tied to revenue goals.
Better Home & Finance CFO Kevin Ryan retires; search underway for successor
Kevin Ryan announced retirement as CFO on Sep 30, 2025 to pursue other opportunities.
Better Home & Finance forms two major partnerships and launches $75M ATM to fund growth
Partnered with top-5 U.S. personal finance platform (50M+ customers) to offer mortgage products via Tinman AI.
Better Home & Finance sets committee roles for new directors Barse and Menon
David Barse appointed to Corporate Governance and Nominations Committee, effective Aug 29, 2025.
Better Home & Finance Q2 revenue $44M, net loss $36M; funded loan volume up 25% YoY
Revenue $44M (Q2'24: $32M; Q1'25: $33M); net loss $36M vs $41M loss in Q2'24.
Better Home & Finance elects David Barse and Bhaskar Menon to board effective August 1
David Barse and Bhaskar Menon elected to the Board, effective August 1, 2025.
Better Home & Finance Holds 2025 Annual Meeting; All Director Nominees Elected, Deloitte Ratified
All six director nominees elected with majority support; Harit Talwar received 811,611 against votes.
Better Home & Finance Q1 revenue $33M (+50% YoY); loan volume $868M (+31% YoY)
Revenue of $33M vs $22M in Q1'24 and $25M in Q4'24; net loss unchanged at $51M.
Exchanged $533.9M of 1% convertible notes held by SB Northstar for $155M of 6% senior secured notes due 2028 and $110M cash.
Exchange of $533.9M 1% convertible notes due 2028 for $110M cash + $155M new 6% secured notes due Dec 31, 2028.
Director Riaz Valani resigns from Better Home & Finance board effective March 11, 2025
Riaz Valani resigned as director effective immediately on March 11, 2025.
Better Home & Finance announces $25M share buyback program through end of 2025
Board authorized up to $25M repurchase of Class A common stock (BETR) through Dec 31, 2025.
Better Home & Finance Q3 revenue $29M, funded loan volume $1.035B, net loss $54.1M
Q3 funded loan volume $1.035B, up 42% YoY and 8% QoQ; revenue $29.0M ($4.9M in Q3'23).
Better Home & Finance regains Nasdaq minimum bid price compliance as of Sept 3, 2024
Nasdaq notified company on Sept 3, 2024 that closing bid price was $1.00 or higher for 10 consecutive business days through Aug 30, 2024.
Better Home & Finance completes 1-for-50 reverse stock split to regain Nasdaq compliance
Effective August 16, 2024, every 50 shares of common stock converted into 1 share; no fractional shares issued.
Better Home & Finance Q2 revenue up 41% QoQ, net loss narrows; announces 1-for-50 reverse split
Revenue ~$31M, up 41% from Q1; net loss improved to ~$42M from $51M in Q1.
Better Home & Finance shareholders approve reverse stock split authority and director elections
All seven director nominees elected: Harit Talwar, Vishal Garg, Michael Farello, Arnaud Massenet, Prabhu Narasimhan, Steven Sarracino, Riaz Valani (each >94% of votes cast).
Better Home & Finance Q1 revenue up 26% QoQ to $22M; net loss flat at $51M
Funded loan volume grew 25% sequentially in Q1'24; revenue of $22M, up 26% from Q4'23.
Better Home appoints Chad Smith as President & COO of Better Mortgage
Chad Smith, former CEO of Mission Loans, appointed President & COO of Better Mortgage effective May 6, 2024.
Better Home & Finance receives Nasdaq extension to cure bid price deficiency until Oct 7, 2024
Company received 180-day extension from Nasdaq until October 7, 2024 to regain compliance with $1.00 minimum bid price rule.
Better Home reports Q4 revenue $9M, net loss $59M; FY23 loss $534M; guides Q1 volume $600-650M
Q4 2023 GAAP revenue $9M, net loss $59M; FY23 revenue $77M, net loss $534M.
Better Home & Finance transfers to Nasdaq Capital Market due to bid price non-compliance
Transfer effective March 13, 2024; Class A common stock continues trading under BETR on Nasdaq Capital Market.
Better Home & Finance grants 3,088,000 RSUs to CFO Ryan and 129,600 to GC Tuffin, all fully vested
Kevin Ryan (CFO/President) granted 3,088,000 RSUs; Paula Tuffin (GC/Chief Compliance Officer) granted 129,600 RSUs.
Better Home & Finance sets 2024 annual meeting for June 4; record date April 8
Annual meeting rescheduled from May 16 to June 4, 2024.
Better Home & Finance Q3 net loss $340M, revenue $16.4M; guides Q4 funded volume ~$500M
Revenue $16.4M, net loss $340.0M, Adjusted EBITDA loss $54.4M for Q3 2023.
BETR receives Nasdaq deficiency notice for failing minimum bid price; 180-day cure period
On Oct 12, 2023, Nasdaq notified BETR that its common stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
Better Home & Finance awards $17M in transaction bonuses to key executives
Aggregate $17M in transaction bonuses awarded to named executive officers on Sept 25, 2023.
No Aurora shareholders exercised redemption rights; ~$21.4M remained in trust at closing.
Better Home & Finance completes merger with Aurora, now trades as BETR
Aurora domesticated to Delaware and merged with Better Holdco; combined entity renamed Better Home & Finance Holding Company.
Better Home & Finance closes business combination with Aurora, starts trading under 'BETR'
Business combination closed on Aug 22, 2023; Better begins trading on Nasdaq under BETR and BETRW on Aug 24.
Aurora Acquisition shareholders approve merger with Better; closing Aug 22, trading Aug 23
Shareholders approved business combination at August 11 extraordinary general meeting.
Aurora shareholders approve business combination with Better; closing expected Aug 22
BCA Proposal passed with 8,700,276 votes for, 19 against, 600 abstain.
SEC concludes investigation into Aurora and Better; no enforcement action recommended
SEC staff informed Aurora and Better on August 3, 2023 that investigation is closed with no enforcement action.
On March 11, 2025, Riaz Valani, a member of the Board of Directors (the “Board”) of Better Home & Finance Holding Company (the “Company”) since its inception, informed the Company of his resignation as a director, effective immediately.
Effective as of the Closing, the Board appointed Mr. Garg to serve as Chief Executive Officer, Mr. Kevin Ryan to serve as Chief Financial Officer and President, Mr. Nicholas Calamari to serve as Chief Administrative Officer and Senior Counsel, and Ms. Paula Tuffin to serve as General Counsel and Chief Compliance Officer.
Effective as of the Closing, each of Messrs. Björgólfsson and Massenet and Ms. Caroline Harding resigned as the Chairman, Chief Executive Officer and Chief Financial Officer, respectively.
Effective as of the Closing, Harit Talwar, Vishal Garg, Arnaud Massenet, Prabhu Narasimhan, Michael Farello, Steve Sarracino and Riaz Valani were appointed as directors of the Company
Effective as of the Closing, each of Messrs. Björgólfsson and Massenet and Ms. Caroline Harding resigned as the Chairman, Chief Executive Officer and Chief Financial Officer, respectively.
Thor Björgólfsson, Shravin Mittal, Sangeeta Desai and Michael Edelstein ceased serving on the Company’s board of directors.
Effective as of the Closing, the Board appointed Mr. Garg to serve as Chief Executive Officer, Mr. Kevin Ryan to serve as Chief Financial Officer and President, Mr. Nicholas Calamari to serve as Chief Administrative Officer and Senior Counsel, and Ms. Paula Tuffin to serve as General Counsel and Chief Compliance Officer.
Effective as of the Closing, Harit Talwar, Vishal Garg, Arnaud Massenet, Prabhu Narasimhan, Michael Farello, Steve Sarracino and Riaz Valani were appointed as directors of the Company
Effective as of the Closing, the Board appointed Mr. Garg to serve as Chief Executive Officer, Mr. Kevin Ryan to serve as Chief Financial Officer and President, Mr. Nicholas Calamari to serve as Chief Administrative Officer and Senior Counsel, and Ms. Paula Tuffin to serve as General Counsel and Chief Compliance Officer.
Effective as of the Closing, Harit Talwar, Vishal Garg, Arnaud Massenet, Prabhu Narasimhan, Michael Farello, Steve Sarracino and Riaz Valani were appointed as directors of the Company
Effective as of the Closing, Harit Talwar, Vishal Garg, Arnaud Massenet, Prabhu Narasimhan, Michael Farello, Steve Sarracino and Riaz Valani were appointed as directors of the Company
Thor Björgólfsson, Shravin Mittal, Sangeeta Desai and Michael Edelstein ceased serving on the Company’s board of directors.
Max materiality 1.00 · Median 0.65 · Most common event other_material