Better Home & Finance Holding Company operates as a homeownership company in the United States. The company provides government-sponsored enterprise (GSE) conforming loans, U.S. Federal Housing Administration insured loans, U.S. Department of Veterans Affairs guaranteed loans, and jumbo loans to GSEs, banks, insurance companies, asset managers, and mortgage real estate investment trusts. It also offers real estate agent services, title insurance and settlement services, and homeowners insurance services. The company formerly known as Better Mortgage Corporation and changed its name to Better Home & Finance Holding Company in August 2023. Better Home & Finance Holding Company is headquartered in New York, New York.
Company profile
Ticker
BETRW, BETR
Exchange
Website
CEO
Mr. Vishal Garg
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New PennyMac Financial Services, Inc.
SEC CIK
Corporate docs
Subsidiaries
BETTER HOME & FINANCE HOLDING COMPANY • Better WH, LLC • Heyl-Better, LLC • Better Inspect, LLC • Better Cover, LLC • Better Valuation, LLC • Better Real Estate, LLC • 64 Putnam Brooklyn LLC • BRE-1, LLC • Better House I, LLC ...
BETRW stock data
Latest filings (excl ownership)
424B3
Prospectus supplement
9 Sep 24
8-K
Other Events
9 Sep 24
424B3
Prospectus supplement
21 Aug 24
8-A12B/A
Registration of securities on exchange (amended)
19 Aug 24
8-K
Better Home & Finance Holding Company Announces the Completion of its Previously Announced 1-for-50 Reverse Stock Split
19 Aug 24
424B3
Prospectus supplement
14 Aug 24
10-Q
2024 Q2
Quarterly report
13 Aug 24
424B3
Prospectus supplement
8 Aug 24
8-K
Better Home & Finance Holding Company Announces Second Quarter 2024 Results and 1-for-50 Reverse Stock Split
8 Aug 24
424B3
Prospectus supplement
6 Jun 24
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 347.40 mm | 347.40 mm | 347.40 mm | 347.40 mm | 347.40 mm | 347.40 mm |
Cash burn (monthly) | 34.40 mm | (no burn) | 13.72 mm | 41.86 mm | 73.53 mm | 23.42 mm |
Cash used (since last report) | 125.73 mm | n/a | 50.15 mm | 153.00 mm | 268.72 mm | 85.61 mm |
Cash remaining | 221.67 mm | n/a | 297.25 mm | 194.40 mm | 78.68 mm | 261.79 mm |
Runway (months of cash) | 6.4 | n/a | 21.7 | 4.6 | 1.1 | 11.2 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 60 |
Opened positions | 35 |
Closed positions | 2 |
Increased positions | 3 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 83.27 bn |
Total shares | 388.32 mm |
Total puts | 0.00 |
Total calls | 123.75 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Activant Ventures Advisors III | 61.31 mm | $24.36 mm |
Pine Brook Capital Partners II | 49.78 mm | $0.00 |
Pine Brook Road Advisors | 49.78 mm | $22.85 bn |
Novator Capital Sponsor | 48.10 mm | $19.11 mm |
Healthcare Of Ontario Pension Plan Trust Fund | 29.39 mm | $13.49 bn |
Catterton Management Company, L.L.C. | 23.20 mm | $10.65 bn |
LCG4 Best | 23.20 mm | $0.00 |
KPCB DGF II Associates | 17.93 mm | $8.23 bn |
ALLY Ally Financial | 17.89 mm | $8.21 bn |
1/0 Mortgage Investment | 17.13 mm | $5.83 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Oct 24 | Paula Tuffin | RSU Class B Common Stock | Option exercise | Dispose M | No | No | 0 | 0 | 0.00 | 7,006 |
1 Oct 24 | Nicholas J. Calamari | RSU Class B Common Stock | Option exercise | Dispose M | No | No | 0 | 636 | 0.00 | 6,370 |
1 Oct 24 | Nicholas J. Calamari | Class B Common Stock Class A Common Stock | Payment of exercise | Dispose F | No | No | 18.16 | 257 | 4.67 k | 138,410 |
1 Oct 24 | Nicholas J. Calamari | Class B Common Stock Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 636 | 0.00 | 138,667 |
1 Oct 24 | Paula Tuffin | Class B Common Stock Class A Common Stock | Payment of exercise | Dispose F | No | No | 18.16 | 195 | 3.54 k | 20,939 |
1 Oct 24 | Paula Tuffin | Class B Common Stock Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 636 | 0.00 | 21,134 |
30 Sep 24 | Steven Sarracino | Class B Common Stock Class A Common Stock | Buy | Acquire P | Yes | No | 0 | 72,206 | 0.00 | 72,206 |
1 Sep 24 | Paula Tuffin | RSU Class B Common Stock | Option exercise | Dispose M | No | No | 0 | 636 | 0.00 | 7,006 |
1 Sep 24 | Paula Tuffin | Class B Common Stock Class A Common Stock | Payment of exercise | Dispose F | No | No | 15.74 | 194 | 3.05 k | 20,498 |
1 Sep 24 | Paula Tuffin | Class B Common Stock Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 636 | 0.00 | 20,692 |
Press releases
Better Home & Finance Holding Company to Announce Third Quarter 2024 Results on November 13, 2024
17 Oct 24
Better.com launches Betsy™, the First Voice-Based AI Loan Assistant for the US Mortgage Industry
17 Oct 24
Better Home & Finance Holding Company Announces the Completion of its Previously Announced 1-for-50 Reverse Stock Split
19 Aug 24
Better Home & Finance Holding Company Announces Second Quarter 2024 Results and 1-for-50 Reverse Stock Split
7 Aug 24
Better Home & Finance Holding Company to Participate in Upcoming Investor Conferences
5 Aug 24