Better Home & Finance Holding Company (BETR) Earnings
Better Home & Finance Holding Company is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-1.15. BETR has beaten EPS estimates in 1 of its last 4 reported quarters (average surprise -17.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-1.74 | $-3.01 | -73.2% | $48M | +0.6% |
| Mar 13, 2026 | $-2.01 | $-2.07 | -3.1% | $44M | -12.2% |
| Nov 13, 2025 | $-1.75 | $-1.86 | -6.3% | $44M | +8.7% |
| Aug 13, 2025 | $-2.27 | $-1.99 | +12.3% | $52M | +10.6% |
| Mar 18, 2025 | — | $-2.51 | — | $47M | — |
| Nov 14, 2024 | — | $-3.23 | — | $27M | — |
| Aug 13, 2024 | — | $-2.00 | — | $28M | — |
| May 15, 2024 | — | $-3.00 | — | $27M | — |
| Nov 14, 2023 | — | $-7.50 | — | $19M | — |
| Aug 4, 2023 | — | $-0.09 | — | $34M | — |
| May 12, 2023 | — | $-0.01 | — | $20M | — |
| Sep 29, 2022 | — | $-0.31 | — | $31M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Partnerships are growing with newer ones ramping up; Betsy technology offers 24-7 customer contact and is expanded in partner funnels; Tin Man AI platform aims for 60% volume by year-end; Cost reduction program in place targeting breakeven EBITDA by end of Q3; Birmingham Bank in UK is in active sale process
Guidance
Q2 guide assumes no macro improvement, Q2 EBITDA close to negative $13M; Target to achieve breakeven EBITDA by end of Q3 relying on revenue mix reaching low to mid-70s; Coinbase partnership crypto-backed mortgage product expected in late Q2 with NEO-like margins
Segment performance
No detailed product segment financial performance data provided as described
Risks & headwinds
Challenging macro backdrop impacting partnership discussions; Middle East conflict and higher rates affecting customer eligibility; Potential prolonged macro issues affecting breakeven EBITDA; Regulatory approval process for Birmingham Bank sale in UK taking 2-4 months
Analyst Q&A
Q: Has the more challenging macro backdrop caused any slowdown in your partnership discussions or partnership pipeline conversion?
A: Accelerated, especially in traditional mortgage broker and retail lender channel, with more inbound from fintechs pivoting to secured offerings.
Q: Comment on Tin Man and Direct mix and changing environment impact on target.
A: Well on track to 60% Tin Man by end of year, de-risked from traditional D2C lead conversion issues.
Q: Comparison of unit economics between Tinman platform-generated volume vs D2C.
A: Price platform partnerships for same contribution margin, aiming $2k per loan contribution on mortgage, lower on HELOCs initially.
Q: Typical lag in consumer behavior and impact on business, Q2 guide.
A: Refis show immediate impact, purchases 6-month cycle, HELOCs vary; Q2 guide is conservative with no macro improvement.
Q: How newer partnerships are ramping, engagement rates.
A: Newest partnership ramped well, April top of funnel volume increased, big partners like Credit Karma with high conversion potential.
Q: Operational benefits from Betsy and machine learning.
A: 24-7 customer contact capability, expanding Betsy in partner funnels.
Q: Managing infrastructure if demand spikes.
A: Leveraging Betsy AI to handle spikes, reducing operating costs.
Q: Competitive advantage with partners.
A: Partners see 2X improvement in productivity and customer served, promise to double revenue and cut costs.
Q: Timing of Birmingham Bank sale.
A: Active sale process, regulatory approval in UK takes 2-4 months, impact in Q4.
Q: Coinbase partnership economics and launch timeline.
A: Late Q2 launch, expected NEO-like margins.
Q: Risk to Q3 breakeven if macro worsens.
A: May need deeper cost cuts