BETR
Better Home & Finance Holding Company
NasdaqGMUSDEQUITY
Financial Services
DELAYED
Sell
-31/100
Last price
11.21
▲ 0.08 (0.72%)
MARKET · —
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Tool
1D
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Open
—
Prev close
11.13
Day high
11.64
Day low
10.82
Volume
689.17K
Market cap
$213.11M
P/E (TTM)
—
52W range
9.81 – 92.69
Trailing performance
Returnvs SPY
1W
+9.58%
+7.6%
1M
-22.56%
-23.7%
3M
-53.58%
-58.1%
6M
-75.00%
-93.2%
YTD
-65.59%
-79.8%
1Y
-81.38%
-97.8%
3Y
-53.19%
-135.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BETR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+293.64K
Net buying
Buy transactions
31
302.51K shares
Sell transactions
3
8.87K shares
Net transactions
+34
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
6.53M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 17, 26 | TUFFIN PAULA General Counsel |
SELL | 3.11K | $38.41K | Direct |
| Sep 4, 26 | FEIERSTEIN BARRY S Chief Operating Officer |
— | 18.75K | — | Direct |
| Sep 1, 26 | TUFFIN PAULA General Counsel |
STOCK | 6.13K | $0 | Direct |
| Sep 1, 26 | SMITH CHAD M. Officer |
STOCK | 11.24K | $0 | Direct |
| Sep 1, 26 | SMITH CHAD M. Officer |
— | 10.00K | — | Direct |
| Aug 19, 26 | SMITH CHAD M. Officer |
SELL | 3.31K | $42.51K | Direct |
| Aug 6, 26 | SMITH CHAD M. President |
— | 5.00K | — | Direct |
| Jul 31, 26 | ORN JONSSON SIGURGEIR Chief Technology Officer |
— | 7.81K | — | Direct |
| Jul 1, 26 | ADVANI LOVEEN Chief Financial Officer |
— | 18.33K | — | Direct |
| Jun 11, 26 | FRATER HUGH R Director |
BUY | 5.15K | $125.35K | Direct |
| Jun 9, 26 | BARSE DAVID MICHAEL Director |
— | 10.39K | — | Direct |
| Jun 9, 26 | FRATER HUGH R Director |
— | 1.18K | — | Direct |
| Jun 9, 26 | MENON BHASKAR Director |
— | 12.39K | — | Direct |
| Jun 9, 26 | TALWAR HARIT Director |
— | 20.19K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BJORGOLFSSON THOR |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
FRAMEWORK VENTURES IV L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
GARG VISHAL |
Chief Executive Officer | 118.26K | Purchase |
MASSENET ARNAUD |
Director | 39.17K | Conversion of Exercise of derivative security |
NARASIMHAN PRABHU |
Director | 71.24K | Conversion of Exercise of derivative security |
NOVATOR CAPITAL SPONSOR, LTD. |
Beneficial Owner of more than 10% of a Class of Security | 266.16K | Sale |
RYAN KEVIN J |
Chief Financial Officer | 60.53K | Conversion of Exercise of derivative security |
SB INVESTMENT ADVISERS UK LIMITED |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
SOFTBANK GROUP CORPORATION |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
TALWAR HARIT |
Director | 64.89K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$213.11M
Enterprise value$769.18M
Revenue (TTM)$193.06M
Gross profit$193.06M
EBITDA—
Net income$-168.35M
EPS (TTM)$-9.70
Free cash flow—
Total cash$105.81M
Total debt$662.01M
Book value / share$3.05
Shares outstanding13.26M
Float8.46M
Short % of float49.03%
Dividend yield0.00%
Beta (5Y)1.75
Valuation & profitability ratios
Trailing P/E—
Forward P/E-24.48
PEG ratio—
Price / sales—
Price / book3.68
EV / revenue3.98
EV / EBITDA—
Gross margin100.00%
Operating margin-56.86%
Profit margin-93.21%
Return on equity-250.42%
Return on assets-12.14%
Debt / equity1,143.43
Current ratio0.54
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $206.90M | $120.05M | $102.11M | $395.08M | — | +72.3% |
| Operating revenue | $205.21M | $117.10M | $99.84M | $395.08M | — | +75.2% |
| Cost of revenue | $231.57M | $172.44M | $222.81M | $693.57M | — | +34.3% |
| Gross profit | -$24.67M | -$52.39M | -$120.69M | -$298.49M | — | +52.9% |
| Research & development | — | — | $83.81M | $124.31M | $144.49M | — |
| Selling, general & admin | $83.68M | $86.21M | $79.67M | $168.57M | — | -2.9% |
| Total operating expense | $124.80M | $135.63M | $160.17M | $296.89M | — | -8.0% |
| Operating income | -$149.47M | -$188.02M | -$280.87M | -$595.38M | — | +20.5% |
| Net interest income | — | — | -$31.60M | -$303.18M | -$100.97M | — |
| Pre-tax income | -$165.82M | -$205.44M | -$534.42M | -$875.98M | — | +19.3% |
| Tax provision | $53.00K | $850.00K | $2.00M | $1.10M | — | -93.8% |
| Net income | -$165.87M | -$206.29M | -$536.42M | -$877.08M | — | +19.6% |
| Net income to common | -$165.87M | -$206.29M | -$536.42M | -$877.08M | — | +19.6% |
| Basic EPS | -10.80 | -13.65 | -58.09 | -59.46 | — | +20.9% |
| Diluted EPS | -10.80 | -13.65 | -58.09 | -59.46 | — | +20.9% |
| EBIT | -$149.47M | -$188.02M | -$280.87M | -$572.80M | — | +20.5% |
| EBITDA | -$135.41M | -$154.79M | -$237.97M | -$523.38M | — | +12.5% |
| Basic shares | 15.36M | 15.11M | 9.23M | 14.75M | — | +1.6% |
| Diluted shares | 15.36M | 15.11M | 9.23M | 14.75M | — | +1.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $99.83M | $211.10M | $503.59M | $317.96M | — | -52.7% |
| Cash & short-term investments | $203.43M | $264.88M | $529.19M | $317.96M | — | -23.2% |
| Inventory | — | — | $0 | $1.14M | $1.12M | — |
| Total current assets | $1.46B | $861.86M | $796.88M | $694.16M | — | +69.6% |
| Property, plant & equipment | $6.62M | $4.10M | $36.44M | $70.15M | — | +61.3% |
| Goodwill & intangibles | $32.98M | $44.55M | $70.52M | $79.38M | — | -26.0% |
| Total assets | $1.51B | $913.06M | $905.55M | $1.08B | — | +64.9% |
| Total current liabilities | $1.25B | $435.56M | $208.26M | $264.69M | — | +188.0% |
| Current debt | $411.86M | $244.07M | $126.22M | $144.05M | — | +68.7% |
| Long-term debt | $198.80M | $519.75M | $514.64M | $894.40M | — | -61.8% |
| Total debt | $615.29M | $767.90M | $672.06M | $1.10B | — | -19.9% |
| Total liabilities | $1.47B | $971.23M | $782.95M | $1.25B | — | +51.2% |
| Retained earnings | -$2.08B | -$1.91B | -$1.70B | -$1.17B | — | -8.7% |
| Shareholder equity | $37.18M | -$58.17M | $122.60M | -$167.90M | — | +163.9% |
| Working capital | $207.24M | $426.30M | $588.62M | $429.47M | — | -51.4% |
| Net tangible assets | $4.20M | -$102.72M | $52.08M | -$247.29M | — | +104.1% |
| Shares issued | 16.00M | 15.17M | 15.04M | 14.75M | — | +5.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$165.87M | -$206.29M | -$536.42M | -$877.08M | — | +19.6% |
| Depreciation & amortisation | $14.07M | $33.23M | $42.89M | $49.42M | — | -57.7% |
| Stock-based compensation | $20.43M | $26.75M | $54.16M | $30.54M | — | -23.6% |
| Change in working capital | $26.33M | -$10.28M | -$52.93M | -$48.53M | — | +356.1% |
| Operating cash flow | -$166.57M | -$379.97M | -$159.72M | $938.25M | — | +56.2% |
| Capital expenditure | -$11.23M | -$10.08M | -$9.78M | -$35.28M | — | -11.4% |
| Investing cash flow | -$661.51M | -$143.81M | -$38.59M | -$34.58M | — | -360.0% |
| Share buybacks | — | — | $0 | -$7.95M | -$5.65M | — |
| Financing cash flow | $714.34M | $239.13M | $381.40M | -$1.54B | — | +198.7% |
| Free cash flow | -$177.80M | -$390.05M | -$169.50M | $902.97M | — | +54.4% |
| End cash position | $116.61M | $235.52M | $528.07M | $346.06M | — | -50.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $61.14M | $53.52M | $66.50M | $54.27M | $47.23M | — | +14.2% |
| Operating revenue | $60.96M | $53.17M | $66.04M | $54.81M | $46.98M | — | +14.6% |
| Cost of revenue | $61.25M | $69.20M | $77.91M | $50.64M | $47.48M | — | -11.5% |
| Gross profit | -$110.00K | -$15.68M | -$11.40M | $3.63M | -$256.00K | — | +99.3% |
| Selling, general & admin | $19.77M | $18.16M | $20.06M | $20.66M | $21.61M | — | +8.8% |
| Total operating expense | $32.39M | $30.16M | $30.53M | $32.22M | $30.89M | — | +7.4% |
| Operating income | -$32.50M | -$45.84M | -$41.93M | -$28.59M | -$31.14M | — | +29.1% |
| Net interest income | $633.00K | $343.00K | — | -$3.34M | $763.00K | -$547.00K | +84.5% |
| Pre-tax income | -$31.40M | -$50.92M | -$40.25M | -$38.98M | -$32.27M | — | +38.3% |
| Tax provision | $63.00K | -$1.57M | -$331.00K | $145.00K | $94.00K | — | +104.0% |
| Net income | -$30.59M | -$70.31M | -$39.92M | -$39.13M | -$36.27M | — | +56.5% |
| Net income to common | -$30.59M | -$70.31M | -$39.92M | -$39.13M | -$36.27M | — | +56.5% |
| Basic EPS | -1.64 | -4.29 | -2.50 | -2.56 | -2.37 | — | +61.8% |
| Diluted EPS | -1.64 | -4.29 | -2.50 | -2.56 | -2.37 | — | +61.8% |
| EBIT | -$31.39M | -$50.92M | -$38.53M | -$32.42M | -$32.26M | — | +38.4% |
| EBITDA | -$28.42M | -$47.92M | -$35.37M | -$28.57M | -$28.98M | — | +40.7% |
| Basic shares | 18.65M | 16.41M | 16.00M | 15.26M | 15.27M | — | +13.7% |
| Diluted shares | 18.65M | 16.41M | 16.00M | 15.26M | 15.27M | — | +13.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $102.25M | $64.27M | $99.83M | $73.89M | $87.13M | +59.1% |
| Cash & short-term investments | $102.25M | $64.27M | $203.43M | $205.79M | $221.52M | +59.1% |
| Total current assets | $1.50B | $1.53B | $1.46B | $1.33B | $1.17B | -1.5% |
| Property, plant & equipment | $6.41M | $6.40M | $6.62M | $6.52M | $6.74M | +0.1% |
| Goodwill & intangibles | $28.46M | $28.96M | $32.98M | $46.03M | $46.04M | -1.7% |
| Total assets | $1.54B | $1.57B | $1.51B | $1.38B | $1.23B | -1.7% |
| Total current liabilities | $1.27B | $1.35B | $1.25B | $1.12B | $924.64M | -5.6% |
| Current debt | $454.33M | $507.58M | $411.86M | $349.77M | $371.19M | -10.5% |
| Long-term debt | $198.80M | $198.80M | $198.80M | $198.80M | $200.41M | 0.0% |
| Total debt | $657.72M | $710.77M | $615.29M | $553.70M | $577.63M | -7.5% |
| Total liabilities | $1.48B | $1.56B | $1.47B | $1.34B | $1.16B | -4.9% |
| Retained earnings | -$2.18B | -$2.15B | -$2.08B | -$2.04B | -$2.00B | -1.4% |
| Shareholder equity | $57.90M | $8.55M | $37.18M | $41.91M | $76.56M | +576.9% |
| Working capital | $231.45M | $180.00M | $207.24M | $201.86M | $249.19M | +28.6% |
| Net tangible assets | $29.44M | -$20.41M | $4.20M | -$4.12M | $30.52M | +244.2% |
| Shares issued | 1.44M | 16.69M | 16.00M | 15.38M | 15.27M | -91.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$31.46M | -$49.35M | -$39.92M | -$47.62M | -$32.36M | +36.2% |
| Depreciation & amortisation | $2.97M | $3.00M | $3.16M | $3.85M | $3.29M | -0.8% |
| Stock-based compensation | $14.59M | $23.80M | $7.88M | $4.27M | $4.25M | -38.7% |
| Change in working capital | -$12.98M | -$9.10M | $18.21M | -$3.78M | -$113.00K | -42.6% |
| Operating cash flow | $23.47M | -$125.18M | -$57.27M | $3.88M | -$56.00M | +118.7% |
| Capital expenditure | -$2.19M | -$2.73M | -$2.98M | -$2.80M | -$2.91M | +19.8% |
| Investing cash flow | $20.80M | -$11.59M | -$71.98M | -$207.56M | -$223.12M | +279.4% |
| Financing cash flow | $3.68M | $105.24M | $158.96M | $190.02M | $246.53M | -96.5% |
| Free cash flow | $21.28M | -$127.90M | -$60.25M | $1.08M | -$58.91M | +116.6% |
| End cash position | $111.88M | $73.68M | $116.61M | $86.44M | $81.72M | +51.9% |
Options analytics
Put / call volume
0.17
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
50.00
+346.0% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
278
Contracts, this expiry
Put volume
46
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
50.00
5 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -1.02 | -1.70 | -66.6% |
| Mar 2026 | -1.61 | -2.69 | -67.7% |
| Dec 2025 | -1.82 | -1.70 | +6.9% |
| Sep 2025 | -1.80 | -1.86 | -3.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -1.19 | 5 | $49.75M | +13.4% |
| Next quarter | -0.85 | 5 | $54.14M | +22.2% |
| Current year | -3.83 | 4 | $206.05M | +25.0% |
| Next year | -0.46 | 5 | $275.92M | +33.9% |
Analyst targets & ownership
Mean target$25.71
High target$35.00
Low target$16.00
Implied upside129.39%
Analyst count7
ConsensusSTRONG BUY
Strong buy / Buy1 / 6
Hold1
Sell / Strong sell0 / 0
Held by insiders34.35%
Held by institutions54.42%
Institutions holding135
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.01
+1.84% from price
SMA 20
11.88
-5.61% from price
SMA 50
14.11
-20.55% from price
SMA 100
20.03
-44.03% from price
SMA 200
27.12
-58.67% from price
EMA 12
11.40
-1.68% from price
EMA 26
12.33
-9.10% from price
EMA 50
14.68
-23.63% from price
RSI (14)
41.8
Neutral
MACD (12,26,9)
-0.93
Hist 0.16
ATR (14)
1.09
9.68% of price
Realised vol 30D
88.2%
Annualised
Bollinger upper
13.91
20, 2σ
Bollinger lower
9.84
20, 2σ
50 / 200 cross
Death
14.11 vs 27.12
Trend bias
Below 200
-58.67%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.54
More volatile than market
Correlation to SPY
0.28
Largely independent
Realised vol 30D
88.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-88.3%
Peak to trough
Max drawdown 5Y
-99.7%
Peak to trough
ATR 14
1.09
9.68% of price
Beta (reported)
1.75
5Y monthly, from filing
Short interest
Shares short
3.34M
Prior 2.85M
Change vs prior
+17.2%
Shorts adding
% of float
49.03%
Heavily shorted
% of shares out
17.59%
Against total outstanding
Days to cover
5.6
Crowded exit
Float
8.46M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | Needham | MAINTAINED | Buy | Buy |
| Oct 2, 26 | Cantor Fitzgerald | UPGRADE | Neutral | Overweight |
| Aug 13, 26 | Cantor Fitzgerald | DOWNGRADE | Overweight | Neutral |
| Aug 10, 26 | BTIG | MAINTAINED | Buy | Buy |
| Aug 7, 26 | Needham | MAINTAINED | Buy | Buy |
| Aug 4, 26 | Canaccord Genuity | MAINTAINED | Buy | Buy |
| Jul 31, 26 | Needham | MAINTAINED | Buy | Buy |
| Jul 24, 26 | Needham | MAINTAINED | Buy | Buy |
| Jun 18, 26 | Canaccord Genuity | INITIATED | — | Buy |
| Jun 16, 26 | BTIG | INITIATED | — | Buy |
| Jun 15, 26 | Roth Capital | INITIATED | — | Buy |
| May 4, 26 | Needham | INITIATED | — | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split1:50
Split dateAug 19, 2024
SEC filings
Proxy Statements
DFAN14A · 2026-10-02
Proxy Statements
DFAN14A · 2026-10-01
Proxy Statements
DFAN14A · 2026-09-30
Proxy Statements
DFAN14A · 2026-09-29
Proxy Statements
DFAN14A · 2026-09-28
Proxy Statements
DEFA14A · 2026-09-25
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DFAN14A · 2026-09-24
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Headlines
Better waves the white flag in board fight with Vishal Garg
Inman · 19h ago
Better Home & Finance Holding Company Announces Better 2.0 Shareholder Call
Business Wire · 23h ago
Better Home & Finance Advances Sale of Birmingham Bank
MT Newswires · 2d ago
Better Home & Finance Announces Progress Toward Sale of Birmingham Bank
Business Wire · 2d ago
Vishal Garg Regains Control of Better Home & Finance Board, Announces Launch of "Better 2.0"
Business Wire · 2d ago
Better Home Shares Fall After Update on Consent Solicitation
MT Newswires · 2d ago
Garg Group Comments on Better’s Recognition of Historic Win in Reconstituting Board for the Benefit of All Shareholders
Business Wire · 2d ago
Better Home & Finance Announces Update on Consent Solicitation
Business Wire · 2d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.