Better Reports Preliminary Q3 Results; Tinman AI Platform Volume of $790MM Rises 64% Over Prior Year
Business Wire•13/10/2026•07:54 ET
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Key Highlights
- ➤Better (BETR) Q3 loan volume $1.39B, up 15% year over year
- ➤Tinman AI platform volume $790M, up 64% year over year
- ➤$13.2M annualized expense reductions implemented in first scorecard week
- ➤$51M additional targeted annualized reductions planned over next four weeks
- ➤Preliminary volume falls toward lower end of $1.375B-$1.525B guidance range
Expert Statements
Vishal Garg, Founder & Head of Product, Platform & Innovation at Better
“We are proud of our people and leadership team, the strength of our Tinman AI platform, and our partners commitment to Better. We were able to continue to show growth despite the distractions and the macro environment. With my return, we are channeling the same energy and resilience to drive towards Adjusted EBITDA breakeven”
Vishal Garg, Founder & Head of Product, Platform & Innovation at Better
“Shareholders deserve measurable progress and clear accountability”
Vishal Garg, Founder & Head of Product, Platform & Innovation at Better
“In the first seven days, we implemented approximately $13 million in annualized expense reductions. We are targeting another $51 million over the next four weeks. Our responsibility now is to deliver on these commitments, strengthen liquidity and convert platform growth into improved financial performance. Each week, we will report what is complete, what remains outstanding and where timelines have changed. We believe these savings will further fuel our aggressive stock buyback program, which we expect to be in the market buying stock this week as the stock remains fundamentally undervalued compared to both Better’s fintech and AI peerset.”
Loveen Advani, Chief Financial Officer at Better
“Tinman was the principal driver of our year-over-year volume growth”
Loveen Advani, Chief Financial Officer at Better
“Our next priority is to translate that growth into stronger financial performance through disciplined expense management and improved operating efficiency.”
Better Reports Preliminary Q3 Results; Tinman AI Platform Volume of $790MM Rises 64% Over Prior Year
* First Better 2.0 weekly scorecard details additional $13 million in annualized expense reductions implemented and $51 million in additional targeted reductions over the next four weeks
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