Better Home & Finance Holding Co
BETR, BETRW · Loan Brokers · 15.2M shares · -77%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$19M (gross $8M, SBC $27M)
Reference price $24.34 · est. market cap ~$369M — last insider purchase, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D45Better Home & Finance — digital mortgage lender with deep losses, negative equity.
Strengths
- Revenue +52%; strong cash (60th pct); ~4.9q runway
Risks
- Net margin -101%; negative book equity (ROE -446%, 3rd pct)
- Mortgage-rate-cycle and cash-burn risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Net lossNet loss (net margin -100.6%)
- Cash burnNegative free cash flow (-167.8M)
- Buying back stockNet buyback — share count -77%/yr over 2y
- Insider buyingInsider buying — 36 open-market buy(s) by 7 insider(s) (cluster of 7 insiders, ~$11M, last 6mo) Form 4 ↗
- Revenue declineRevenue -100.0% YoY
- Insider sellingInsider selling — 16 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
- Pending mergerBusiness The Business Combination On August 22, 2023, we consummated the transactions contemplated by the Agreement and Plan of Merger (as amended, the “Merger Agreement”), by and among Aurora Acq
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
-100.6%
Return on equity
-446.1%
Return on assets
-11.0%
Revenue growth (QoQ)
7.2%
Free cash flow
-$168M
Tangible book value
$4M
Cash & investments
$203M
Cash runway
5q
Stock comp / revenue
12.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | FRATER HUGH R | Buy | 5.2K | $24.34 |
| 2026-06-09 | Farello Michael J. | Option exercise | 11K | — |
| 2026-06-09 | Massenet Arnaud | Option exercise | 11K | — |
| 2026-06-09 | MENON BHASKAR | Option exercise | 12K | — |
| 2026-06-09 | Talwar Harit | Option exercise | 20K | — |
| 2026-06-09 | Barse David Michael | Option exercise | 10K | — |
| 2026-06-09 | FRATER HUGH R | Option exercise | 1.2K | — |
| 2026-06-09 | Narasimhan Prabhu | Option exercise | 11K | — |
| 2026-05-22 | Talwar Harit | Buy | 5.0K | $25.34 |
| 2026-05-21 | Garg Vishal | Buy | 16K | $24.89 |
| 2026-05-20 | Garg Vishal | Buy | 600 | $24.99 |
| 2026-05-20 | Garg Vishal | Buy | 15K | $25.00 |
| 2026-05-18 | Garg Vishal | Buy | 3.9K | $24.74 |
| 2026-05-18 | Garg Vishal | Buy | 3.3K | $24.71 |
| 2026-05-18 | Garg Vishal | Buy | 600 | $24.97 |
| 2026-05-18 | Garg Vishal | Buy | 1.3K | $24.99 |
| 2026-05-18 | Garg Vishal | Buy | 6.5K | $25.00 |
| 2026-05-12 | Advani Loveen | Buy | 400 | $30.55 |
| 2026-05-11 | Advani Loveen | Buy | 100 | $31.25 |
| 2026-05-08 | Smith Chad M. | Sell | 1.4K | $29.81 |
| 2026-05-08 | Talwar Harit | Buy | 3.0K | $30.43 |
| 2026-05-08 | Smith Chad M. | Sell | 971 | $30.51 |
| 2026-05-08 | Smith Chad M. | Sell | 118 | $31.38 |
| 2026-05-07 | Garg Vishal | Buy | 100 | $29.95 |
| 2026-05-07 | Garg Vishal | Buy | 6.5K | $30.00 |
| 2026-05-06 | Smith Chad M. | Tax withheld | 2.5K | $42.69 |
| 2026-05-06 | Smith Chad M. | Option exercise | 5.0K | — |
| 2026-04-10 | Framework Ventures IV L.P. | Buy | 54K | $32.96 |
| 2026-04-09 | Talwar Harit | Buy | 5.0K | $32.89 |
| 2026-04-08 | Advani Loveen | Buy | 10 | $35.50 |
| 2026-04-08 | Orn Jonsson Sigurgeir | Buy | 21 | $36.05 |
| 2026-04-08 | Orn Jonsson Sigurgeir | Buy | 979 | $36.09 |
| 2026-04-08 | MENON BHASKAR | Buy | 590 | $34.13 |
| 2026-04-08 | Talwar Harit | Buy | 1.0K | $33.34 |
| 2026-04-08 | Garg Vishal | Buy | 10K | $35.05 |
| 2026-04-02 | Orn Jonsson Sigurgeir | Tax withheld | 1.4K | $32.90 |
| 2026-04-02 | Talwar Harit | Buy | 5.0K | $35.24 |
| 2026-03-25 | Garg Vishal | Buy | 2.2K | $29.90 |
| 2026-03-24 | Garg Vishal | Buy | 999 | $29.08 |
| 2026-03-24 | Garg Vishal | Buy | 6.7K | $28.37 |
| 2026-03-24 | Garg Vishal | Buy | 2.9K | $30.06 |
| 2026-03-23 | Garg Vishal | Buy | 750 | $28.50 |
| 2026-03-23 | Framework Ventures IV L.P. | Buy | 40K | $29.60 |
| 2026-03-23 | Garg Vishal | Buy | 9.8K | $29.56 |
| 2026-03-19 | Framework Ventures IV L.P. | Buy | 53K | $28.48 |
| 2026-03-17 | Smith Chad M. | Sell | 2.4K | $28.51 |
| 2026-03-16 | Tuffin Paula | Tax withheld | 1.6K | $34.45 |
| 2026-03-16 | Smith Chad M. | Sell | 2.6K | $29.80 |
| 2026-03-16 | Smith Chad M. | Tax withheld | 2.5K | $34.45 |
| 2026-03-16 | Framework Ventures IV L.P. | Buy | 25K | $29.55 |
| 2026-03-15 | Garg Vishal | Tax withheld | 1.8K | $34.45 |
| 2026-03-15 | Tuffin Paula | Option exercise | 3.2K | — |
| 2026-03-15 | Garg Vishal | Option exercise | 3.2K | — |
| 2026-03-15 | Smith Chad M. | Option exercise | 4.8K | — |
| 2026-03-13 | Garg Vishal | Tax withheld | 1.3K | $32.90 |
| 2026-03-13 | Smith Chad M. | Tax withheld | 2.3K | $32.90 |
| 2026-03-13 | Tuffin Paula | Tax withheld | 1.2K | $32.90 |
| 2026-03-13 | Framework Ventures IV L.P. | Buy | 29K | $34.12 |
| 2026-03-11 | Framework Ventures IV L.P. | Buy | 22K | $39.73 |
| 2026-03-10 | Framework Ventures IV L.P. | Option exercise | 106K | $27.25 |
| 2026-03-10 | Framework Ventures IV L.P. | Option exercise | 106K | $27.00 |
| 2026-03-09 | Framework Ventures IV L.P. | Buy | 10K | $35.46 |
| 2026-03-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2026-03-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2026-03-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2026-03-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2026-02-17 | Nicholas J. Calamari | Tax withheld | 9.0K | $29.11 |
| 2026-02-17 | Garg Vishal | Tax withheld | 9.0K | $29.11 |
| 2026-02-17 | Smith Chad M. | Tax withheld | 7.0K | $29.11 |
| 2026-02-17 | Smith Chad M. | Sell | 5.0K | $30.01 |
| 2026-02-17 | Smith Chad M. | Sell | 996 | $30.39 |
| 2026-02-17 | Tuffin Paula | Tax withheld | 8.1K | $29.11 |
| 2026-02-12 | Tuffin Paula | Sell | 5.0K | $28.46 |
| 2026-02-12 | Tuffin Paula | Sell | 3.0K | $29.02 |
| 2026-02-11 | Nicholas J. Calamari | Grant | 22K | — |
| 2026-02-11 | Garg Vishal | Grant | 22K | — |
| 2026-02-11 | Smith Chad M. | Grant | 15K | $14,921.00 |
| 2026-02-11 | Tuffin Paula | Grant | 22K | — |
| 2026-02-10 | Smith Chad M. | Sell | 2.1K | $27.98 |
| 2026-02-06 | Smith Chad M. | Option exercise | 5.0K | — |
| 2026-02-06 | Smith Chad M. | Tax withheld | 2.9K | $26.68 |
| 2026-02-03 | Smith Chad M. | Sell | 3.1K | $27.06 |
| 2026-02-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2026-02-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2026-02-01 | Smith Chad M. | Tax withheld | 1.7K | $30.31 |
| 2026-02-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2026-02-01 | Tuffin Paula | Tax withheld | 1.2K | $30.31 |
| 2026-02-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2026-02-01 | Nicholas J. Calamari | Tax withheld | 1.4K | $30.31 |
| 2026-02-01 | Garg Vishal | Tax withheld | 1.4K | $30.31 |
| 2026-01-15 | Smith Chad M. | Sell | 4.9K | $36.50 |
| 2026-01-15 | Smith Chad M. | Sell | 1.1K | $37.58 |
| 2026-01-12 | Tuffin Paula | Sell | 7.7K | $38.52 |
| 2026-01-12 | Tuffin Paula | Sell | 302 | $39.16 |
| 2026-01-06 | Smith Chad M. | Sell | 2.8K | $35.15 |
| 2026-01-01 | Nicholas J. Calamari | Tax withheld | 1.4K | $32.58 |
| 2026-01-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2026-01-01 | Garg Vishal | Tax withheld | 1.4K | $32.58 |
| 2026-01-01 | Tuffin Paula | Tax withheld | 1.3K | $32.58 |
| 2026-01-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2026-01-01 | Smith Chad M. | Tax withheld | 2.0K | $32.58 |
| 2026-01-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2026-01-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2025-12-30 | MENON BHASKAR | Buy | 1.5K | $33.94 |
| 2025-12-15 | Smith Chad M. | Sell | 5.4K | $40.34 |
| 2025-12-15 | Smith Chad M. | Sell | 610 | $41.75 |
| 2025-12-12 | Smith Chad M. | Sell | 2.4K | $47.67 |
| 2025-12-11 | Tuffin Paula | Sell | 712 | $48.22 |
| 2025-12-11 | Tuffin Paula | Sell | 5.3K | $46.00 |
| 2025-12-11 | Tuffin Paula | Sell | 1.9K | $47.38 |
| 2025-12-11 | Tuffin Paula | Sell | 100 | $49.10 |
| 2025-12-01 | Smith Chad M. | Tax withheld | 2.5K | $45.12 |
| 2025-12-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2025-12-01 | Tuffin Paula | Tax withheld | 1.6K | $45.12 |
| 2025-12-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2025-12-01 | Nicholas J. Calamari | Tax withheld | 1.8K | $45.12 |
| 2025-12-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2025-12-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2025-12-01 | Garg Vishal | Tax withheld | 1.8K | $45.12 |
| 2025-11-06 | Smith Chad M. | Option exercise | 5.0K | — |
| 2025-11-06 | Smith Chad M. | Tax withheld | 2.5K | $60.58 |
| 2025-11-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2025-11-01 | Smith Chad M. | Tax withheld | 2.5K | $73.21 |
| 2025-11-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2025-11-01 | Tuffin Paula | Tax withheld | 1.5K | $73.21 |
| 2025-11-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2025-11-01 | Nicholas J. Calamari | Tax withheld | 1.6K | $73.21 |
| 2025-11-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2025-11-01 | Garg Vishal | Tax withheld | 1.8K | $73.21 |
| 2025-11-01 | RYAN KEVIN J | Option exercise | 4.8K | — |
| 2025-11-01 | RYAN KEVIN J | Tax withheld | 1.9K | $73.21 |
| 2025-10-06 | Nicholas J. Calamari | Conversion | 2.4K | — |
| 2025-10-06 | Nicholas J. Calamari | Conversion | 2.4K | — |
| 2025-10-06 | Nicholas J. Calamari | Conversion | 13K | — |
| 2025-10-06 | Nicholas J. Calamari | Sell | 666 | $57.58 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 323 | $57.83 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 757 | $59.99 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 469 | $60.69 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 230 | $61.04 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 666 | $57.58 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 323 | $57.83 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 757 | $59.99 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 469 | $60.69 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 230 | $61.04 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 3.4K | $57.58 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 1.7K | $57.83 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 3.9K | $59.99 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 2.4K | $60.69 |
| 2025-10-06 | Nicholas J. Calamari | Sell | 1.2K | $61.04 |
| 2025-10-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2025-10-01 | Smith Chad M. | Tax withheld | 2.5K | $56.83 |
| 2025-10-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2025-10-01 | Tuffin Paula | Tax withheld | 1.1K | $56.83 |
| 2025-10-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2025-10-01 | Nicholas J. Calamari | Tax withheld | 1.3K | $56.83 |
| 2025-10-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2025-10-01 | Garg Vishal | Tax withheld | 1.8K | $56.83 |
| 2025-10-01 | RYAN KEVIN J | Option exercise | 4.8K | — |
| 2025-10-01 | RYAN KEVIN J | Tax withheld | 1.9K | $56.83 |
| 2025-09-22 | PBRA, LLC | Sell | 45K | $54.58 |
| 2025-09-22 | PBRA, LLC | Sell | 454K | $47.00 |
| 2025-09-22 | PBRA, LLC | Sell | 167K | $50.15 |
| 2025-09-22 | PBRA, LLC | Sell | 73K | $51.60 |
| 2025-09-22 | PBRA, LLC | Sell | 82K | $52.36 |
| 2025-09-22 | PBRA, LLC | Sell | 36K | $53.23 |
| 2025-09-22 | PBRA, LLC | Sell | 62K | $55.33 |
| 2025-09-22 | PBRA, LLC | Sell | 12K | $56.22 |
| 2025-09-22 | PBRA, LLC | Sell | 41K | $57.43 |
| 2025-09-22 | PBRA, LLC | Sell | 3.5K | $58.15 |
| 2025-09-22 | PBRA, LLC | Sell | 15K | $60.00 |
| 2025-09-22 | PBRA, LLC | Sell | 4.7K | $67.54 |
| 2025-09-22 | PBRA, LLC | Sell | 100 | $68.74 |
| 2025-09-22 | PBRA, LLC | Sell | 1.7K | $75.00 |
| 2025-09-10 | Tuffin Paula | Conversion | 15K | — |
| 2025-09-05 | Tuffin Paula | Conversion | 7.9K | — |
| 2025-09-04 | Nicholas J. Calamari | Conversion | 2.4K | — |
| 2025-09-04 | Nicholas J. Calamari | Conversion | 2.4K | — |
| 2025-09-04 | Nicholas J. Calamari | Conversion | 13K | — |
| 2025-09-04 | Nicholas J. Calamari | Sell | 2.4K | $21.86 |
| 2025-09-04 | Nicholas J. Calamari | Sell | 26 | $22.68 |
| 2025-09-04 | Nicholas J. Calamari | Sell | 2.4K | $21.86 |
| 2025-09-04 | Nicholas J. Calamari | Sell | 26 | $22.68 |
| 2025-09-04 | Nicholas J. Calamari | Sell | 12K | $21.86 |
| 2025-09-04 | Nicholas J. Calamari | Sell | 133 | $22.68 |
| 2025-09-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2025-09-01 | Smith Chad M. | Tax withheld | 2.5K | $22.63 |
| 2025-09-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2025-09-01 | Tuffin Paula | Tax withheld | 1.1K | $22.63 |
| 2025-09-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2025-09-01 | Nicholas J. Calamari | Tax withheld | 1.3K | $22.63 |
| 2025-09-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2025-09-01 | Garg Vishal | Tax withheld | 1.8K | $22.63 |
| 2025-09-01 | RYAN KEVIN J | Option exercise | 4.8K | — |
| 2025-09-01 | RYAN KEVIN J | Tax withheld | 1.9K | $22.63 |
| 2025-08-07 | Talwar Harit | Grant | 26K | — |
| 2025-08-06 | Smith Chad M. | Option exercise | 5.0K | — |
| 2025-08-06 | Smith Chad M. | Tax withheld | 2.5K | $14.56 |
| 2025-08-01 | Garg Vishal | Option exercise | 3.2K | — |
| 2025-08-01 | Garg Vishal | Tax withheld | 1.8K | $13.35 |
| 2025-08-01 | Smith Chad M. | Option exercise | 4.8K | — |
| 2025-08-01 | Smith Chad M. | Tax withheld | 2.5K | $13.35 |
| 2025-08-01 | Nicholas J. Calamari | Option exercise | 3.2K | — |
| 2025-08-01 | Nicholas J. Calamari | Tax withheld | 1.3K | $13.35 |
| 2025-08-01 | RYAN KEVIN J | Option exercise | 4.8K | — |
| 2025-08-01 | RYAN KEVIN J | Tax withheld | 1.9K | $13.35 |
| 2025-08-01 | Tuffin Paula | Option exercise | 3.2K | — |
| 2025-08-01 | Tuffin Paula | Tax withheld | 1.1K | $13.35 |
| 2025-07-01 | RYAN KEVIN J | Option exercise | 14K | — |
| 2025-07-01 | RYAN KEVIN J | Tax withheld | 5.7K | $12.48 |
| 2025-07-01 | Smith Chad M. | Option exercise | 14K | — |
| 2025-07-01 | Smith Chad M. | Tax withheld | 5.2K | $12.48 |
| 2025-07-01 | Garg Vishal | Option exercise | 9.5K | — |
| 2025-07-01 | Garg Vishal | Tax withheld | 5.3K | $12.48 |
| 2025-07-01 | Nicholas J. Calamari | Option exercise | 9.5K | — |
| 2025-07-01 | Nicholas J. Calamari | Tax withheld | 3.8K | $12.48 |
| 2025-07-01 | Tuffin Paula | Option exercise | 9.5K | — |
| 2025-07-01 | Tuffin Paula | Tax withheld | 3.4K | $12.48 |
| 2025-05-16 | Narasimhan Prabhu | Buy | 42K | $14.10 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-10 | 0001628280-26-043523 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001628280-26-033684 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-031685 ↗ |
| 8-K | 2026-04-09 | 2026-04-08 | 0001628280-26-024467 ↗ |
| 8-K | 2026-03-25 | 2026-03-23 | 0001628280-26-021046 ↗ |
| 8-K | 2026-03-19 | 2026-03-16 | 0001628280-26-019820 ↗ |
| 10-K | 2026-03-13 | 2025-12-31 | 0001628280-26-017747 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001628280-26-017501 ↗ |
| 8-K | 2026-02-23 | 2026-02-17 | 0001628280-26-010718 ↗ |
| 8-K/A | 2026-01-29 | 2026-01-27 | 0001628280-26-004155 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001628280-26-003533 ↗ |
| 8-K | 2025-12-22 | 2025-12-17 | 0001628280-25-058397 ↗ |