Better Home & Finance Holding (BETR) Operating Expenses (2021 - 2026)
Better Home & Finance Holding (BETR) reported Operating Expenses of $98.4 million for Q1 2026, up 27.55% on a YoY basis from $77.2 million in Q1 2025, and up 16.38% sequentially from $84.6 million in Q4 2025.
Better Home & Finance Holding (BETR) Operating Expenses (2021 - 2026) Analysis & Trends
Better Home & Finance Holding (BETR) has 6 years of Operating Expenses data on file, last reported at $98.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 27.55% year-over-year to $98.4 million; the trailing twelve-month figure through Mar 2026 stood at $346.1 million (up 9.03% YoY), and the FY2025 full-year result was $330.7 million, up 5.34% from the prior year.
- Operating Expenses rose to $98.4 million in Q1 2026, 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.
- A 5-year average of $98.9 million and a median of $82.8 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 9505.52% in 2023 and tumbled 76.8% in 2024, its largest moves.
- Tracing BETR's Operating Expenses over 5 years: stood at $127.3 million in 2022, then slumped by 45.69% to $69.2 million in 2023, then climbed by 21.22% to $83.8 million in 2024, then rose by 0.87% to $84.6 million in 2025, then rose by 16.38% to $98.4 million in 2026.
- Business Quant data shows BETR's Operating Expenses at $98.4 million in Q1 2026, $84.6 million in Q4 2025, and $82.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 2.54 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 2.18 Bn |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 2.02 Bn |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 440.29 Mn |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 275.38 Mn |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 54.34 Mn |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 575.39 Mn |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | 98.41 Mn |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 132.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |