Better Home & Finance Announces $30 Million Share Repurchase Program
Key Highlights
- ➤$30 million share repurchase authorization approved for Better’s Class A common stock
- ➤Initial $10 million buyback phase planned to begin
- ➤Approximately $1 million monthly cost cuts already realized
- ➤Repurchases tied to operational savings and proposed UK bank sale
- ➤Buyback program expires October 8, 2027
Expert Statements
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“I spent over 2 months outside the Company, getting fully AI-pilled in a hands-on way that is difficult to do as the CEO of a large organization.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“During my campaign, my small team and I ran AI-first marketing, social media, and legal workstreams.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“I am immediately applying what we learned directly inside Better,”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“This buyback plan is going to be funded through cost savings and capital releases.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“I am back because I firmly believe there is a $100 billion AI-native fintech disrupting the largest tangible asset class in the world hiding inside Better.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“Our job is to not just build it like we did over the last 10 years, but to monetize and unlock it to earn our shareholders’ confidence through tangible commercial results.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“We believe our shares are dramatically undervalued at less than 1x revenue; our valuation falls short of our fintech and AI-native platform peers and it does not reflect Better’s potential.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“The repurchase authorization puts another point on the scoreboard for Better 2.0.”
Vishal Garg, Chief Platform, Product, and Innovation Officer at Better
“By reducing the number of shares outstanding this repurchase helps all shareholders are we build our way back up to fair value,”
Better Home & Finance Announces $30 Million Share Repurchase Program
Initial $10 million share repurchase program authorization advances leadership’s $30 million buyback plan
Get started
Create a free account to read the full story.