Better Home & Finance Holding (BETR) Operating Expenses (2021 - 2026)

Better Home & Finance Holding's (BETR) quarterly Operating Expenses came in at $98.4 million in Q1 2026, up 27.55% year-on-year from $77.2 million in Q1 2025, and up 16.38% quarter-over-quarter from $84.6 million in Q4 2025.

Better Home & Finance Holding (BETR) Operating Expenses (2021 - 2026) Analysis & Trends

Better Home & Finance Holding has disclosed Operating Expenses across 6 years of filings, most recently posting $98.4 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $98.4 million, up 27.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $346.1 million (up 9.03% YoY), and the FY2025 annual result was $330.7 million, up 5.34% from the prior year.
  • Operating Expenses came in at $98.4 million for Q1 2026 at Better Home & Finance Holding, up from $84.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $358.1 million in Q3 2023 to a low of $1.1 million in Q1 2022.
  • The 5-year median for Operating Expenses is $82.8 million (2025), against an average of $98.9 million.
  • Across the five-year window, Operating Expenses soared 9505.52% in 2023 and sank 76.8% in 2024, its largest moves.
  • Better Home & Finance Holding's Operating Expenses stood at $127.3 million in 2022, then sank by 45.69% to $69.2 million in 2023, then grew by 21.22% to $83.8 million in 2024, then gained by 0.87% to $84.6 million in 2025, then gained by 16.38% to $98.4 million in 2026.
  • The last three Operating Expenses figures came in at $98.4 million (Q1 2026), $84.6 million (Q4 2025), and $82.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Rocket Companies 34.85 Bn 32.16 Bn - 2.54 Bn
2 PennyMac Financial Services 4.14 Bn 3.65 Bn 523.89 Mn 440.29 Mn
3 Walker & Dunlop 1.73 Bn 1.55 Bn - 275.38 Mn
4 UWM Holdings 743.45 Mn 1.57 Bn - 575.39 Mn
5 Velocity Financial 668.42 Mn 583.96 Mn - 54.34 Mn
6 CNFinance Holdings 591.78 Mn 542.97 Mn - -
7 Better Home & Finance Holding 419.52 Mn 349.24 Mn - 98.41 Mn
8 Onity 306.24 Mn 306.24 Mn - 132.20 Mn
9 loanDepot 209.70 Mn -4.79 Mn - 341.50 Mn
10 Greystone Housing Impact Investors 120.06 Mn 120.06 Mn - 17.75 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 98.41 Mn
Dec 31, 2025 84.56 Mn
Sep 30, 2025 82.85 Mn
Jun 30, 2025 80.32 Mn
Mar 31, 2025 77.16 Mn
Dec 31, 2024 83.83 Mn
Sep 30, 2024 83.08 Mn
Jun 30, 2024 73.42 Mn
Mar 31, 2024 73.60 Mn
Dec 31, 2023 69.15 Mn
Sep 30, 2023 358.14 Mn
Jun 30, 2023 74.65 Mn
Mar 31, 2023 104.82 Mn
Dec 31, 2022 127.33 Mn
Sep 30, 2022 205.95 Mn
Jun 30, 2022 2.63 Mn
Mar 31, 2022 1.09 Mn
Dec 31, 2021 3.83 Mn
Sep 30, 2021 2.98 Mn
Jun 30, 2021 1.21 Mn