Better Home & Finance

Q2 FY2026 EarningsQ2 FY26 net revenue of $54.7M beat the $50.5M consensus, driven by a 50% YoY surge in mortgage loan volume to $1.67B. Despite the top-line beat, GAAP net loss of $30.6M and EPS of -$1.64 missed the mean estimate of -$1.27, primarily due to $14.6M in stock-based compensation and a strategic shift classifying Birmingham Bank as discontinued operations. Management's recent underwritten offering raised $66.1M in net proceeds, strengthening liquidity as they execute a pivot toward a leaner AI-driven platform model.