Better Home & Finance Q2 FY26 net loss narrows to $30.6 million; revenue rises 28% to $54.7 million

Reuters2026/08/03 20:51

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Better posted preliminary Q2 2026 revenue of USD 54.7 million, up 28% year over year, as funded loan volume rose 45% to USD 1.67 billion.
Net loss narrowed to USD 30.6 million.
Adjusted EBITDA loss under non-GAAP measures improved to USD 14 million, including a USD 6.5 million benefit from a TRID reserve release.
The board named Daniel Lewis interim CEO, replacing founder Vishal Garg, while the company sharpened its partner-led platform strategy and targeted more than USD 45 million in annualized cost cuts.
Better moved its second-quarter earnings release and investor call to Aug. 6, 2026, while continuing a process to sell its UK bank unit, Birmingham Bank.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Better Home & Finance Holding Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202608031642BIZWIRE_USPR_____20260803_BW966929) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Better Home & Finance Q2 FY26 net loss narrows to $30.6 million; revenue rises 28% to $54.7 million

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