Sign in Subscribe
Holding companies

Better Home & Finance Holding Company Reports Second Quarter 2025 Financial Results

Strategic Insights

— 2 min read

Better Home & Finance Holding Company, a New York-based digitally native homeownership company, has released its financial results for the second quarter ended June 30, 2025. The company reported revenue of approximately $44 million, a net loss of $36 million, and an Adjusted EBITDA loss of approximately $27 million. Despite the challenging market environment, Better is aggressively pursuing growth opportunities and has set a goal to achieve Adjusted EBITDA breakeven by the end of Q3 2026. The company's Tinman AI Platform and Tinman AI Software channels have robust pipelines, and unit economics are being strengthened primarily driven by AI efficiencies.

Key Takeaways:

  • Revenue reached approximately $44 million in Q2 2025, a 38% increase from Q2 2024 and a 33% increase from Q1 2025.
  • Net loss was approximately $36 million in Q2 2025, a decrease of $5 million from Q2 2024 and $15 million from Q1 2025.
  • Adjusted EBITDA loss was approximately $27 million in Q2 2025, a decrease of $6 million from Q2 2024 and $13 million from Q1 2025.
  • Funded loan volume was $1.2 billion in Q2 2025, a 25% increase from Q2 2024 and a 38% increase from Q1 2025.
  • Total loans reached approximately 4,032 in Q2 2025, a 35% increase from Q2 2024 and a 36% increase from Q1 2025.
  • Purchase loan volume was $803 million in Q2 2025, comprising 67% of funded loan volume.
  • HELOC loan volume reached $240 million in Q2 2025, comprising 20% of funded loan volume.
  • Refinance loan volume was $162 million in Q2 2025, comprising 13% of funded loan volume.
  • D2C loan volume reached $774 million in Q2 2025, a 16% increase year-over-year and a 26% increase quarter-over-quarter.
  • Betsytm, a program leveraging AI and large language models, enabled consumers to lock their rate and get their loan towards closing autonomously.
  • NEO Powered by Better onboarded additional local loan officers, serving a total of approximately 1,009 families and equating to approximately $428 million of funded loan volume.

Statistics:

  • Revenue: $44 million (38% increase from Q2 2024, 33% increase from Q1 2025)
  • Net Loss: $36 million (decrease of $5 million from Q2 2024, decrease of $15 million from Q1 2025)
  • Adjusted EBITDA Loss: $27 million (decrease of $6 million from Q2 2024, decrease of $13 million from Q1 2025)
  • Funded Loan Volume: $1.2 billion (25% increase from Q2 2024, 38% increase from Q1 2025)
  • Total Loans: approximately 4,032 (35% increase from Q2 2024, 36% increase from Q1 2025)

Sources:

  • [Source 1] - Better Home & Finance Holding Company news release, Second Quarter 2025 Financial Results (August 2025)
  • [Source 2] - Company's quarterly report on Form 10-Q to be filed with the Securities and Exchange Commission (SEC) and investor presentation on the investor relations section of the Company's website (August 2025)

Read more