Better Home & Finance Holding (BETR) Gross Margin (2022 - 2024)

Better Home & Finance Holding (BETR) reported Gross Margin of 99.71% for Q4 2024, up 43116.0% on a YoY basis from N/an in Q1 2024, and up 0.51% sequentially from 99.2% in Q3 2024.

Better Home & Finance Holding (BETR) Gross Margin (2022 - 2024) Analysis & Trends

Better Home & Finance Holding (BETR) has 3 years of Gross Margin data on file, last reported at 99.71% in Q4 2024.

  • For the quarter ending Q4 2024, Gross Margin rose 43116.0% year-over-year to 99.71%; the trailing twelve-month figure through Dec 2024 stood at 99.52% (up 25608.0% YoY), and the FY2024 full-year result was 99.08%, up 34958.0% from the prior year.
  • Gross Margin climbed to 99.71% in Q4 2024, from 99.2% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.77% in Q2 2023 to a low of 14507.6% in Q4 2022.
  • A 3-year average of 1404.87% and a median of 99.17% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin soared 1417615 bps in 2023 and tumbled 509 bps in 2024, its largest moves.
  • Tracing BETR's Gross Margin over 3 years: stood at 14507.6% in 2022, then soared by 98 bps to 331.45% in 2023, then soared by 130 bps to 99.71% in 2024.
  • Business Quant data shows BETR's Gross Margin at 99.71% in Q4 2024, 99.2% in Q3 2024, and 94.69% in Q2 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - -
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - -
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - -
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 96.13%
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - -
7 Velocity Financial 681.36 Mn -6.51 Bn - -
8 UWM Holdings 540.43 Mn 116.43 Mn - -
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - -
10 Onity 340.51 Mn 215.81 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2024 99.71%
Sep 30, 2024 99.20%
Jun 30, 2024 94.69%
Mar 31, 2024 99.72%
Dec 31, 2023 -331.45%
Sep 30, 2023 99.60%
Jun 30, 2023 99.77%
Mar 31, 2023 99.13%
Dec 31, 2022 -14,507.60%
Sep 30, 2022 98.55%