BETR News & Events

Better Home & Finance Holding reported $1.64B in preliminary funded loan volume for Q1 2026 exceeding prior guidance; strengthens balance sheet and announces strategic actions to drive profitable growth. The Company announced a Public Offering of Class A Common Stock of $60M with over-allotments of up to $9M totaling an anticipated total of $69M before underwriting discounts and commissions. The Offering price reflects an approximate 3.9% discount to the Company's 30-day volume weighted average price of the Company's Class A common stock as of 4/7/26. After closing, the Company will terminate its At-The-Market equity program. Upon closing, the Company expects to have an estimated cash and cash equivalents balance of $130M, including $24M held at the Company's U.K.-based bank, and does not anticipate the need to raise additional capital for the foreseeable future. The Company also announced at least $25M in annualized cost reductions, beginning in Q2 2026. These actions reflect a disciplined review of the Company's cost structure as its AI-driven operating model continues to scale. The Company has clear line of sight to its target of Adjusted EBITDA breakeven by the end of Q3 2026 as Tinman AI Platform volume expands and grows as a percentage of Loan Volume. The Company's U.K.-based bank is currently in an active sale process and will be classified as held for sale effective Q1 2026. The Company believes the bank is well capitalized, does not anticipate any additional funding requirements, and views the sale as an important step in simplifying operations and unlocking shareholder value.

Better Home & Finance Holding Company announced the one-year renewal of its warehouse credit facility with a leading global investment firm, increasing the Company's capacity of that facility from $250M to $350M. The expansion comes after the Company grew its total warehouse capacity to $750M the week prior. Following this renewal, the Company's total warehouse capacity will increase from $750M to $850M, providing greater funding certainty as the Company continues to scale origination volume.

Better Home & Finance Holding announced the amendment of its warehouse credit facility with a leading global banking institution, doubling the Company's capacity of that facility from $175M to $350M. The expansion increases the Company's total warehouse capacity from $575M to $750M, significantly strengthening Better's ability to fund anticipated origination growth in the coming months.