Better Home & Finance Holding Company Announces Third Quarter 2026 Results
Business Wire•09/11/2026•16:06 ET
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Key Highlights
- ➤Loan Volume $1.40 billion, up 15% year over year, within prior guidance
- ➤Total Net Revenues $45.1 million, up 9% year over year
- ➤Net Loss $36.5 million, improving 7% year over year
- ➤Adjusted EBITDA loss $29.7 million, 29% worse year over year
- ➤Q4 2026 Adjusted EBITDA-basis operating expenses guided to $45.0 million to $47.0 million
Expert Statements
Vishal Garg, Founder and Head of Product, Platform and Innovation at Better
“I’m excited to be back and executing on our vision for Better 2.0”
Vishal Garg, Founder and Head of Product, Platform and Innovation at Better
“From 2019 to 2021, Better was one of the fastest-growing companies in mortgage because we moved faster and let our AI-native platform do the work. During my absence, under Mr. Lewis and the prior Board, we lacked that edge. Loan officer talk time fell 29%, production hours fell 25%, and key partnership launches stalled, weighing on results. Better 2.0 will follow our playbook that works: fewer layers, more AI, every number in public.”
Vishal Garg, Founder and Head of Product, Platform and Innovation at Better
“When I came back we assessed the current rate environment and under this challenging backdrop our priorities became clear: stronger execution, higher productivity, and lower costs”
Vishal Garg, Founder and Head of Product, Platform and Innovation at Better
“Since my return, we have executed $3.5 million in annualized savings from delayering our management and corporate structure, with AI agents and dashboards. We intend to scale without rebuilding those management layers. Early results are encouraging. Following the introduction of AI lead routing, weekend loan locks doubled from October 24th to the 31st. Our focus is on turning these improvements into more funded loans, lower costs, and sustainable profitability”
Loveen Advani, Chief Financial Officer of Better
“We delivered loan volume within our guidance range despite a challenging rate environment, with platform channels contributing 57% of volume and HELOCs representing 19%”
Loveen Advani, Chief Financial Officer of Better
“With the proxy contest behind us, we have renewed our focus on profitable growth and operating efficiency. We are reducing fixed costs and using AI to improve productivity, with a goal of scaling volume without rebuilding overhead. Reaching sustainable Adjusted EBITDA breakeven remains our top financial priority.”
Better Home & Finance Holding Company Announces Third Quarter 2026 Results
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