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Better Home & Finance Holding Company Announces First Quarter 2026 Results
Better Reports Strong First Quarter 2026 Results; Provides Guidance for Q2 In Q1 2026, Lo...
About this update from Betterlife Pharma Inc.
[{"type":"text","content":"Better Home & Finance Holding Company Announces First Quarter 2026 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth12 { width: 12% }\n.bwwidth13 { width: 13% }\n.bwwidth2 { width: 2% }\n.bwwidth3 { width: 3% }\n.bwwidth72 { width: 72% }\n.bwwidth76 { width: 76% }\n \n\n\n\n\n Better Reports Strong First Quarter 2026 Results; Provides Guidance for Q2\n \n\n\n\n In Q1 2026, Loan Volume grew 89% year over year to approximately $1.64 billion, exceeding the high end of previously-issued guidance.\n \n\n Total Net Revenues from Continuing Operations grew 52% year over year to approximately $48 million.\n \n\n Platform Loan Volume reached $821 million in Q1 2026, up 404% year over year, representing half of Loan Volume.\n \n\n Announced four strategic actions since the start of Q1 2026: $69 million underwritten public offering, $25 million of planned annualized cost reductions, increased warehouse capacity to $850 million, and an active sale process of U.K.-based bank.\n \n\n Provided guidance of Loan Volume of $1.575 to $1.725 billion, Total Net Revenues of $53.0 to $56.0 million, and Adjusted EBITDA of ($12.5) to ($14.0) million in Q2 2026.\n \n\n\n\n\n Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better,” the “Company,” “our” or “we”), the AI-native mortgage and home equity finance company, today reported financial results for the first quarter ended March 31, 2026.\n \n\n “Q1 2026 was a strong quarter for Better. We grew loan volume 89% year over year and exceeded the high end of o...