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| 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 |