Better Home & Finance Holding Company

BETR

BETRBetter Home & Finance Holding Company US flag

NASDAQ Global Market

26.41

USD

-1.93

- -

413.82MMarket Cap

Income Statement (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	1,312	395	102	120	207
+ Sales & Services Revenue	1,312	395	102	120	207
- Cost of Revenue	969	694	223	172	232
+ Cost of Goods & Services	969	694	223	172	232
Gross Profit	342	-298	-121	-52	-25
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	495	297	160	136	125
+ Selling, General & Admin	350	169	80	86	84
+ Research & Development	144	124	84	- -	- -
+ Other Operating Expense	1	4	-3	49	41
Operating Income (Loss)	-153	-595	-281	-188	-149
- Non-Operating (Income) Loss	151	281	254	17	16
+ Interest Expense, Net	101	303	32	- -	- -
+ Interest Expense	101	303	32	- -	- -
- Interest Income	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	50	-23	222	17	16
Pretax Income	-304	-876	-534	-205	-166
- Income Tax Expense (Benefit)	-2	1	2	1	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-301	-877	-536	-206	-166
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-301	-877	-536	-206	-166
- Minority Interest	- -	- -	- -	- -	- -
Net Income, GAAP	-301	-877	-536	-206	-166
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-301	-877	-536	-206	-166
EBIT	-153	-595	-281	-188	-149
EBITDA	-125	-546	-238	-155	-135
EBITDA Margin (%)	-9.57	-138.19	-233.05	-128.93	-65.45
EBITA	-153	-595	-281	-188	-149
Gross Margin (%)	26.1	-75.55	-118.2	-43.64	-11.93
Operating Margin (%)	-11.64	-150.7	-275.05	-156.61	-72.25
Profit Margin (%)	-22.96	-222	-525.32	-171.83	-80.17
Sales per Employee	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -
Depreciation Expense	27	49	43	33	14
Basic Weighted Avg Shares	15	15	9	15	15
Basic EPS, GAAP	-20.41	-59.46	-58.09	-13.65	-10.8
Basic EPS from Cont Ops	-20.41	-59.46	-58.09	-13.65	-10.8
Diluted Weighted Avg Shares	15	15	9	15	15
Diluted EPS, GAAP	-20.41	-59.46	-58.09	-13.65	-10.8
Diluted EPS from Cont Ops	-20.41	-59.46	-58.09	-13.65	-10.8

Balance Sheet (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	3,086	694	797	862	1,462
+ Cash, Cash Equivalents & STI	938	318	529	265	203
+ Cash & Cash Equivalents	938	318	504	211	100
+ ST Investments	- -	- -	26	54	104
+ Accounts & Notes Receiv	2,074	301	200	534	1,211
+ Accounts Receivable, Net	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	1,988	265	175	511	1,190
+ Other Receivable, Net	85	36	25	23	21
+ Inventories	1	1	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	1	1	- -	- -	- -
+ Other ST Assets	73	74	68	63	47
+ Misc ST Assets	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	214	389	109	51	44
+ Property, Plant & Equip, Net	98	70	36	4	7
+ Property, Plant & Equip	109	90	54	11	12
- Accumulated Depreciation	11	20	18	7	5
+ LT Investments & Receivables	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	116	319	72	47	37
+ Total Intangible Assets	92	79	71	45	33
+ Goodwill	20	17	32	24	11
+ Other Intangible Assets	72	62	38	21	22
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	24	240	2	3	4
Total Assets	3,300	1,083	906	913	1,505
+ Payables & Accruals	145	90	70	48	75
+ Accounts Payable	133	82	67	48	75
+ Accrued Taxes	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	12	8	3	- -	- -
+ ST Debt	1,668	144	126	244	412
+ ST Borrowings	1,668	144	126	244	412
+ ST Finance Leases	- -	- -	- -	- -	- -
+ Other ST Liabilities	50	30	12	143	768
+ Deferred Revenue	50	30	12	137	763
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	6	5
Total Current Liabilities	1,863	265	208	436	1,254
+ LT Debt	700	952	546	524	203
+ LT Borrowings	626	894	515	520	199
+ LT Finance Leases	74	58	31	4	5
+ Other LT Liabilities	61	35	29	12	10
+ Accrued Liabilities	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	61	35	29	12	10
Total Noncurrent Liabilities	761	987	575	536	214
Total Liabilities	2,623	1,251	783	971	1,468
+ Preferred Equity and Hybrid Capital	436	436	- -	- -	- -
+ Share Capital & APIC	572	618	1,839	1,863	2,110
+ Common Stock	- -	- -	- -	- -	- -
+ Additional Paid in Capital	572	618	1,838	1,863	2,110
- Treasury Stock	- -	- -	- -	- -	- -
+ Retained Earnings	-293	-1,168	-1,704	-1,910	-2,076
+ Other Equity	- -	-1	-2	-2	4
Equity Before Minority Interest	676	-168	123	-58	37
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
Total Equity	676	-168	123	-58	37
Total Liabilities & Equity	3,300	1,083	906	913	1,505
Shares Outstanding	15	15	15	15	16
Number of Employees	- -	- -	- -	- -	- -
Capital Leases - Total	74	58	31	4	5
Net Debt	1,356	720	137	553	511
Net Debt to Equity	200.45	-429.11	111.97	-950.18	1,373.85
Tangible Common Equity Ratio	4.61	-68.09	6.24	-11.83	0.29
Current Ratio	1.66	2.62	3.83	1.98	1.17
Cash Conversion Cycle	- -	-56.16	-121.74	-121.38	-96.7

Cash Flow Statement (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-301	-877	-536	-206	-166
+ Depreciation & Amortization	27	49	43	33	14
+ Non-Cash Items	729	1,814	387	-197	-41
+ Stock-Based Compensation	55	31	54	27	20
+ Deferred Income Taxes	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	145	9	16	13
+ Other Non-Cash Adj	674	1,638	323	-240	-74
+ Chg in Non-Cash Work Cap	-94	-49	-53	-10	26
+ (Inc) Dec in Accts Receiv	-11	37	- -	-2	2
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-60	-3	15	17	9
+ Inc (Dec) in Accts Payable	-23	-47	-27	-21	18
+ Inc (Dec) in Other	- -	-36	-41	-5	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	361	938	-160	-380	-167
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	5	1	3	- -
+ Disp of Fixed Prod Assets	- -	5	1	3	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-16	-12	- -	-3	-1
+ Acq of Fixed Prod Assets	-16	-12	- -	-3	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-6	-8	16	- -	29
+ Increase in Capital Stock	- -	- -	16	- -	29
+ Decrease in Capital Stock	-6	-8	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-17	-29	-46
+ Dec in LT Investment	- -	- -	31	183	447
+ Inc in LT Investment	- -	- -	-48	-212	-493
+ Net Cash From Acq & Div	-5	-4	-13	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-5	-4	-13	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	-48	-24	-9	-115	-614
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	-69	-35	-39	-144	-662
+ Dividends Paid	- -	- -	- -	- -	- -
+ Net Cash From Debt	-251	-3,054	345	117	56
+ Cash From Debt	101,830	20,263	3,221	118	168
+ Repayments of Debt	-102,081	-23,317	-2,875	-1	-112
+ Other Financing Activities	561	1,525	20	122	629
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	305	-1,537	381	239	714
Effect of Foreign Exchange Rates	- -	1	-1	- -	-8
Net Changes in Cash	597	-634	183	-285	-114
EBITDA	-125	-546	-238	-155	-135
EBITDA Margin (%)	-9.57	-138.19	-233.05	-128.93	-65.45
Free Cash Flow	345	927	-160	-383	-168
Net Cash Paid for Acquisitions	5	4	13	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-2,123	-250	-264	-112
Free Cash Flow per Basic Share	23.42	62.81	-17.35	-25.37	-10.92
Price/Free Cash Flow	19.37	7.83	-2.37	-0.36	-3.03
Cash Flow to Net Income	-1.2	-1.07	0.3	1.84	1
Capital Expenditures	-16	-12	- -	-3	-1