Better Home & Finance Q3 revenue of $45.1 million missed guidance; EBITDA loss widened
Better Home & Finance preliminarily reported third-quarter 2026 loan volume of $1.395 billion, within its guidance, but total net revenues of $45.1 million fell below the $49.0 million to $52.0 million guidance range. The adjusted EBITDA loss of $24.8 million to $25.8 million was wider than the $15.0 million to $18.0 million guided, and the company attributed about $8.0 million of it to proxy-related expenses. The results are unaudited and may change.
Key points
- Loan volume was $1.395 billion, within guidance of $1.375 billion to $1.525 billion, but down 16.3% from $1.666 billion in the second quarter of 2026.
- Total net revenues were $45.1 million, below guidance of $49.0 million to $52.0 million, and up 8.6% year over year.
- Net loss was $33.1 million to $34.1 million; adjusted EBITDA loss was $24.8 million to $25.8 million versus guidance of $15.0 million to $18.0 million.
- Cash and cash equivalents were $81 million; the sale of the Birmingham Bank is expected to close in Q1 2027 and add about $65 million of cash.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.