Better Home & Finance (BETR)
Market Price (4/15/2026): $34.62 | Market Cap: $545.7 MilSector: Financials | Industry: Commercial & Residential Mortgage Finance
Better Home & Finance (BETR)
Market Price (4/15/2026): $34.62Market Cap: $545.7 MilSector: FinancialsIndustry: Commercial & Residential Mortgage Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Smart Buildings & Proptech. Themes include Online Banking & Lending, and Real Estate Data Analytics. | Weak multi-year price returns3Y Excs Rtn is -163% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -153 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -74% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75% Stock price has recently run up significantly12M Rtn12 month market price return is 180% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -81%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -86% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -34% High stock price volatilityVol 12M is 122% Key risksBETR key risks include [1] persistent operating losses and a concerning pace of cash expenditure and [2] litigation involving its CEO coupled with material weaknesses in internal financial controls. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Smart Buildings & Proptech. Themes include Online Banking & Lending, and Real Estate Data Analytics. |
| Weak multi-year price returns3Y Excs Rtn is -163% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -153 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -74% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 180% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -81%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -86% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -34% |
| High stock price volatilityVol 12M is 122% |
| Key risksBETR key risks include [1] persistent operating losses and a concerning pace of cash expenditure and [2] litigation involving its CEO coupled with material weaknesses in internal financial controls. |
Qualitative Assessment
AI Analysis | Feedback
1. Exceeded Q1 2026 Loan Volume Guidance.
Better Home & Finance reported preliminary funded loan volume of $1.64 billion for the first quarter of 2026, surpassing its prior guidance of $1.40 billion to $1.55 billion. This operational beat represented an 89% year-over-year increase.
2. Implemented Strategic Actions to Bolster Financial Position and Growth.
The company announced a public offering of Class A common stock, raising an anticipated total of $69 million with over-allotments, and terminated its At-The-Market (ATM) program to strengthen its balance sheet. Additionally, Better Home & Finance initiated $25 million in annualized cost reductions starting in Q2 2026 and began an active sale process for its U.K.-based bank. The company also doubled its warehouse credit facility to $350 million, increasing its total warehouse capacity to $750 million.
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Stock Movement Drivers
Fundamental Drivers
The 6.7% change in BETR stock from 12/31/2025 to 4/14/2026 was primarily driven by a 10.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.58 | 34.75 | 6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 187 | 207 | 10.9% |
| P/S Multiple | 2.7 | 2.6 | -0.6% |
| Shares Outstanding (Mil) | 15 | 16 | -3.2% |
| Cumulative Contribution | 6.7% |
Market Drivers
12/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| BETR | 6.7% | |
| Market (SPY) | -5.4% | 28.9% |
| Sector (XLF) | -5.5% | 12.4% |
Fundamental Drivers
The -38.1% change in BETR stock from 9/30/2025 to 4/14/2026 was primarily driven by a -50.4% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 56.14 | 34.75 | -38.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 160 | 207 | 29.5% |
| P/S Multiple | 5.3 | 2.6 | -50.4% |
| Shares Outstanding (Mil) | 15 | 16 | -3.7% |
| Cumulative Contribution | -38.1% |
Market Drivers
9/30/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| BETR | -38.1% | |
| Market (SPY) | -2.9% | 33.8% |
| Sector (XLF) | -3.5% | 15.1% |
Fundamental Drivers
The 218.4% change in BETR stock from 3/31/2025 to 4/14/2026 was primarily driven by a 92.4% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.91 | 34.75 | 218.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 120 | 207 | 72.3% |
| P/S Multiple | 1.4 | 2.6 | 92.4% |
| Shares Outstanding (Mil) | 15 | 16 | -4.0% |
| Cumulative Contribution | 218.4% |
Market Drivers
3/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| BETR | 218.4% | |
| Market (SPY) | 16.3% | 20.2% |
| Sector (XLF) | 5.0% | 14.6% |
Fundamental Drivers
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Market Drivers
3/31/2023 to 4/14/2026| Return | Correlation | |
|---|---|---|
| BETR | -93.1% | |
| Market (SPY) | 63.3% | 10.4% |
| Sector (XLF) | 68.2% | 5.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BETR Return | -4% | 2% | -92% | -78% | 265% | 1% | -94% |
| Peers Return | -41% | -43% | 98% | -7% | 17% | -29% | -48% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| BETR Win Rate | 44% | 42% | 50% | 33% | 58% | 50% | |
| Peers Win Rate | 45% | 37% | 55% | 45% | 45% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BETR Max Drawdown | -5% | -1% | -96% | -78% | -11% | -22% | |
| Peers Max Drawdown | -48% | -54% | -6% | -27% | -24% | -33% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RKT, UWMC, PFSI, LDI, Z.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/14/2026 (YTD)
How Low Can It Go
| Event | BETR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.3% | -25.4% |
| % Gain to Breakeven | 13416.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to RKT, UWMC, PFSI, LDI, Z
In The Past
Better Home & Finance's stock fell -99.3% during the 2022 Inflation Shock from a high on 8/2/2023. A -99.3% loss requires a 13416.9% gain to breakeven.
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About Better Home & Finance (BETR)
AI Analysis | Feedback
- Rocket Mortgage for home loans.
- Carvana for home buying and financing services.
AI Analysis | Feedback
```html- Mortgage Lending Services: Provides various types of home loans including GSE-conforming, FHA-insured, VA-guaranteed, and jumbo loans.
- Real Estate Agent Services: Offers services to assist clients with buying and selling properties.
- Title Insurance and Settlement Services: Facilitates property transactions by providing title insurance and settlement support.
- Homeowners Insurance Services: Offers insurance policies designed to protect residential properties.
AI Analysis | Feedback
Better Home & Finance (BETR) primarily serves other companies as major customers for its core loan products. The company originates and provides various types of loans (GSE-conforming, FHA-insured, VA-guaranteed, and jumbo loans) to institutional buyers.
Its major customers for these loan products include:
- GSEs (Government-Sponsored Enterprises):
- Fannie Mae (FNMA)
- Freddie Mac (FMCC)
- Banks
- Insurance companies
- Asset managers
- Mortgage REITs
While Better Home & Finance also offers real estate agent services, title insurance and settlement services, and homeowners insurance services directly to individuals, the description explicitly identifies the aforementioned corporate entities as the recipients and thus major customers for its loan offerings.
AI Analysis | Feedback
- Equifax (EFX)
- Experian (EXPN.L)
- TransUnion (TRU)
- Fidelity National Financial (FNF)
- First American Financial (FAF)
- Old Republic International (ORI)
AI Analysis | Feedback
Vishal Garg
Chief Executive Officer
Vishal Garg is the Founder and Chief Executive Officer of Better Home & Finance. He founded Better in 2015. Prior to founding Better, Mr. Garg was the Founder of 1/0 Capital, an early-stage investment firm focused on FinTech, data science, and consumer products companies. He also co-founded MyRichUncle.com in 1999, an online student lender that became a publicly traded private student loan company, though it later filed for bankruptcy during the 2008 financial crisis. Mr. Garg also co-founded EIFC in 2009, which managed student loan portfolios. Additionally, he co-founded Future Finance in 2013 and founded Climb Credit in 2014, both focused on student loans. Better Home & Finance has raised significant equity capital and is backed by various investors, including SoftBank, L Catterton, Kleiner Perkins, Goldman Sachs, Ally Bank, American Express, and Citi, with SoftBank Vision Fund being a major owner.
Loveen Advani
Chief Financial Officer
Loveen Advani serves as Chief Financial Officer at Better, a position he assumed effective February 2, 2026. In this role, he focuses on disciplined execution, enhancing financial performance, and creating shareholder value. Before joining Better, Mr. Advani served as Executive Vice President of Finance at Zeta Global, where he led the company's IPO. He has also held senior finance and corporate development roles at LivePerson, Inovalon, Aetna, and IBM.
Barry Feierstein
Chief Operating Officer
Barry Feierstein was appointed Chief Operating Officer of Better Home & Finance, effective December 19, 2025. He brings over 30 years of experience in leading and scaling operations across various sectors including residential housing finance, small business lending, student lending, and higher education. Prior to Better, Mr. Feierstein served as Chief Operating Officer of Hamilton Insurance Agency, which was sold to NFP, a division of AON. He was also the Founding Chief Operating Officer of Open Castle, Inc., and served as Chief Operating Officer of EasyKnock, Inc.. Earlier in his career, he held roles as Chief Business Operating Officer of University of Phoenix and Chief Commercial Officer of Apollo Education Group.
Nicholas Calamari
Chief Administrative Officer
Nicholas Calamari serves as Better's Chief Administrative Officer & Senior Counsel. He is responsible for internal governance within the company.
Paula Tuffin
Chief Compliance Officer & General Counsel
Paula Tuffin serves as Better Home & Finance's Chief Compliance Officer and General Counsel.
AI Analysis | Feedback
The key risks to Better Home & Finance (BETR) primarily stem from its ongoing financial struggles, the volatile nature of the mortgage market, and specific internal governance and operational challenges.
- Persistent Unprofitability and Weak Financial Health: Better Home & Finance has consistently reported significant net losses and negative profit margins. The company faces persistent operating losses and a concerning rate of cash expenditure. Analysts project that the company is highly likely to remain unprofitable through 2027, if not longer, with an EBITDA profit not expected before 2027 and a net income profit unlikely before 2028.
- Macroeconomic and Mortgage Industry Headwinds: As a homeownership company, Better Home & Finance is highly susceptible to fluctuations in the broader economic environment and the mortgage market. Significant headwinds include interest rate volatility, inflation, and housing market conditions, all of which directly impact mortgage demand and affordability. High interest rates, for instance, are expected to reduce refinancing activity.
- Litigation Involving its CEO and Material Weaknesses in Internal Financial Controls: The company faces risks associated with litigation involving its CEO. Additionally, there are identified material weaknesses in its internal financial controls, which can undermine financial stability and investor confidence.
AI Analysis | Feedback
Major real estate platforms are increasingly integrating full-stack homeownership services, including advanced AI-powered tools for property search, real estate agent services, and seamless mortgage origination. These dominant platforms, such as Zillow or Redfin, possess vast user data and significant influence over the initial stages of the home-buying journey. If these platforms successfully leverage their extensive ecosystems to offer a highly integrated, one-stop shop for home discovery, financing, title, and insurance, they could significantly disrupt the direct-to-consumer model employed by companies like Better Home & Finance. This emerging threat lies in the potential for these platforms to become the primary gateway for homebuyers, offering a frictionless, embedded experience that bypasses independent digital lenders and consolidates the entire homeownership transaction within their own environments.
AI Analysis | Feedback
The addressable markets for Better Home & Finance's main products and services in the United States are as follows:
- Mortgage Loans: The total single-family mortgage origination volume in the U.S. is expected to reach $2.2 trillion in 2026. This includes an estimated $1.46 trillion in purchase originations and $737 billion in refinance originations for 2026.
- Real Estate Agent Services: The U.S. real estate agency and brokerage market was valued at approximately $1.38 trillion (USD 1,382,856.15 million) in 2025, with projections to increase to about $2.4 trillion (USD 2,400,865.49 million) by 2032.
- Title Insurance Services: The U.S. title insurance industry is expected to have an annual revenue of approximately $17.1 billion in 2025.
- Homeowners Insurance Services: The U.S. homeowners insurance market size is projected to be approximately $184.59 billion in 2026.
AI Analysis | Feedback
Better Home & Finance (BETR) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily centered around its advanced technology platform, strategic partnerships, and expansion of its product offerings.
- Expansion and Deeper Penetration of AI-Driven Tinman Platform: Better Home & Finance is transitioning to an AI-native mortgage and home equity finance platform, with its proprietary Tinman AI platform expected to drive 60% of funded loan volume by 2026. This platform, along with tools like Betsy™, the AI loan assistant, aims to enhance customer experience, improve loan-team efficiency, accelerate the end-to-end technology platform, and ultimately increase loan origination.
- Strategic Partnerships for Expanded Distribution and Loan Volume: The company is significantly expanding its reach through strategic partnerships with major financial services platforms. For example, its collaboration with Intuit Credit Karma allows Better's Tinman AI platform to access over 140 million users, marking a shift from a direct-to-consumer model to a broader distribution strategy. They are also exploring integrations with platforms like ChatGPT.
- Growth in Home Equity Products (HELOCs and HELOANs): Better has demonstrated substantial growth in its home equity product offerings, scaling loan volume significantly. This diversification of lending segments, including Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELOANs), is also being fueled by strategic partnerships with mortgage brokers and lenders leveraging Better's technology and capital.
- Increased Loan Origination Volume and Market Share Gains: Despite broader market conditions, Better has reported strong year-over-year funded loan volume growth, with a 56% increase in Q4 2025, and aims to achieve $1 billion in monthly loan volume by May 2026. This growth is supported by its technology advantages and diversified distribution channels, enabling the company to gain market share.
- Diversification through Software Licensing and New Distribution Channels: Better is leveraging its Tinman platform beyond direct mortgage origination, offering it as a software licensing platform for banks and powering retail loan officers (e.g., NEO Powered by Better). This creates new revenue streams by enabling other financial institutions to utilize Better's AI technology across consumer and wholesale channels.
AI Analysis | Feedback
Capital Allocation Decisions for Better Home & Finance (BETR)
Share Repurchases
- Better Home & Finance Holding Company authorized a $25 million share repurchase program on January 22, 2025, which is set to expire on December 31, 2025.
Share Issuance
- As part of its business combination with Aurora Acquisition Corp. in August 2023, Better Home & Finance issued a Convertible Note, raising $528.6 million.
- The company completed a 1-for-50 reverse stock split in August 2024 to comply with Nasdaq listing requirements.
- On September 29, 2025, Better Home & Finance initiated a $75 million at-the-market (ATM) equity offering program to increase warehouse line capacity and support loan originations.
Inbound Investments
- The business combination with Aurora Acquisition Corp. in August 2023 secured approximately $565 million in fresh capital.
- This fresh capital included a $528 million convertible note from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital).
- In December 2021, new financing agreements provided $750 million in upfront bridge financing from Aurora Acquisition Corp., Novator Capital, and SoftBank.
Outbound Investments
- Better is undergoing efforts to exit its noncore U.K. assets, with the exiting of three smaller non-core U.K. businesses expected to benefit Adjusted EBITDA losses beginning in the second half of 2025.
- In Q3 2025, the company executed two significant strategic partnerships, in addition to a third subsequent to the end of the third quarter, aimed at evolving as a platform and software provider powering the home finance ecosystem.
Capital Expenditures
- Better Home & Finance invested approximately $240K in capital expenditures in Q3 2025.
- The company makes continuous strategic investments in its proprietary technology platform, Tinman, to improve mortgage fulfillment efficiency and streamline the homeownership experience.
- Investments are focused on artificial intelligence (AI) and building out its retail channel to enhance customer experience and improve loan-team efficiency.
Trade Ideas
Select ideas related to BETR.
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| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | 0.0% |
| 03202026 | MKTX | MarketAxess | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.2% | -5.2% | -5.7% |
| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 25.07 |
| Mkt Cap | 2.9 |
| Rev LTM | 2,068 |
| Op Inc LTM | -32 |
| FCF LTM | -1,219 |
| FCF 3Y Avg | -1,615 |
| CFO LTM | -1,180 |
| CFO 3Y Avg | -1,364 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 25.1% |
| Rev Chg 3Y Avg | 9.9% |
| Rev Chg Q | 44.4% |
| QoQ Delta Rev Chg LTM | 12.2% |
| Op Mgn LTM | -1.2% |
| Op Mgn 3Y Avg | -7.5% |
| QoQ Delta Op Mgn LTM | 2.4% |
| CFO/Rev LTM | -69.0% |
| CFO/Rev 3Y Avg | -75.0% |
| FCF/Rev LTM | -75.6% |
| FCF/Rev 3Y Avg | -77.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.9 |
| P/S | 1.8 |
| P/EBIT | 8.7 |
| P/E | 3.2 |
| P/CFO | -1.7 |
| Total Yield | 0.0% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | -95.3% |
| D/E | 2.9 |
| Net D/E | 2.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.7% |
| 3M Rtn | -34.2% |
| 6M Rtn | -29.3% |
| 12M Rtn | 8.1% |
| 3Y Rtn | -10.7% |
| 1M Excs Rtn | -2.4% |
| 3M Excs Rtn | -34.9% |
| 6M Excs Rtn | -39.3% |
| 12M Excs Rtn | -14.9% |
| 3Y Excs Rtn | -73.1% |
Price Behavior
| Market Price | $34.75 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 04/30/2021 | |
| Distance from 52W High | -59.6% | |
| 50 Days | 200 Days | |
| DMA Price | $31.99 | $35.94 |
| DMA Trend | up | down |
| Distance from DMA | 8.6% | -3.3% |
| 3M | 1YR | |
| Volatility | 112.6% | 120.8% |
| Downside Capture | 0.84 | 1.12 |
| Upside Capture | 169.18 | 293.66 |
| Correlation (SPY) | 23.3% | 23.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.77 | 2.31 | 2.27 | 3.13 | 1.25 | 1.27 |
| Up Beta | -10.70 | -1.38 | 0.25 | 2.61 | 0.59 | 0.35 |
| Down Beta | 4.76 | 4.19 | 3.74 | 3.21 | 1.01 | 1.39 |
| Up Capture | 444% | 309% | 224% | 304% | 635% | 218% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 12 | 23 | 31 | 56 | 128 | 318 |
| Down Capture | 163% | 133% | 150% | 235% | 136% | 113% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 19 | 32 | 70 | 121 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BETR | |
|---|---|---|---|---|
| BETR | 199.5% | 122.1% | 1.44 | - |
| Sector ETF (XLF) | 14.0% | 15.4% | 0.65 | 14.3% |
| Equity (SPY) | 24.2% | 12.9% | 1.49 | 23.5% |
| Gold (GLD) | 53.4% | 27.6% | 1.55 | 13.0% |
| Commodities (DBC) | 26.8% | 16.2% | 1.47 | 12.3% |
| Real Estate (VNQ) | 18.7% | 13.8% | 1.00 | 20.8% |
| Bitcoin (BTCUSD) | -6.8% | 42.9% | -0.05 | 21.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BETR | |
|---|---|---|---|---|
| BETR | -16.4% | 105.9% | 0.23 | - |
| Sector ETF (XLF) | 10.0% | 18.7% | 0.42 | 7.0% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 9.1% |
| Gold (GLD) | 22.5% | 17.8% | 1.03 | 7.7% |
| Commodities (DBC) | 11.7% | 18.8% | 0.51 | 2.8% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 7.4% |
| Bitcoin (BTCUSD) | 5.8% | 56.5% | 0.32 | 4.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BETR | |
|---|---|---|---|---|
| BETR | -8.6% | 105.9% | 0.23 | - |
| Sector ETF (XLF) | 13.1% | 22.2% | 0.54 | 7.0% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 9.1% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | 7.7% |
| Commodities (DBC) | 8.8% | 17.6% | 0.42 | 2.8% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 7.4% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 4.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/9/2026 | 1.6% | ||
| 11/13/2024 | -5.4% | -10.0% | -17.8% |
| 3/28/2024 | -8.7% | -16.7% | -27.1% |
| 11/14/2023 | -7.8% | -11.0% | 10.2% |
| 8/28/2023 | -14.3% | -32.4% | -60.5% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 1 |
| # Negative | 4 | 4 | 3 |
| Median Positive | 1.6% | 10.2% | |
| Median Negative | -8.3% | -13.8% | -27.1% |
| Max Positive | 1.6% | 10.2% | |
| Max Negative | -14.3% | -32.4% | -60.5% |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/9/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash and Cash Equivalents | 130.00 Mil | ||||||
| 2026 Monthly Loan Volume | 1.00 Bil | ||||||
Prior: Q3 2024 Earnings Reported 11/13/2024
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2024 Funded Loan Volume | 1.03 Bil | 0 | Same New | Actual: 1.03 Bil for Q3 2024 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Menon, Bhaskar | Direct | Buy | 1022026 | 33.94 | 1,500 | 50,910 | 50,910 | Form | |
| 2 | Smith, Chad M | Pres & COO, Better Mortgage | Trust | Sell | 12152025 | 47.67 | 2,378 | 113,359 | 1,601,235 | Form |
| 3 | Smith, Chad M | Pres & COO, Better Mortgage | Trust | Sell | 12152025 | 40.48 | 6,000 | 242,877 | 1,116,830 | Form |
| 4 | Tuffin, Paula | General Counsel and CCO | Direct | Sell | 12152025 | 46.56 | 8,000 | 372,510 | 1,506,060 | Form |
| 5 | Nicholas, J. Calamari | CAO and Senior Counsel | the Anika G Austin Descendants Trust | Sell | 10082025 | 59.28 | 2,445 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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