Better Home & Finance Holding (BETRW) Operating Expenses (2021 - 2026)
Better Home & Finance Holding (BETRW) posted Operating Expenses of $98.4 million for Q1 2026, up 16.38% sequentially from $84.6 million in Q4 2025, and up 27.55% YoY from $77.2 million in Q1 2025.
Better Home & Finance Holding (BETRW) Operating Expenses (2021 - 2026) Analysis & Trends
Better Home & Finance Holding has reported Operating Expenses for 6 years, with the latest figure at $98.4 million in Q1 2026.
- Quarterly Operating Expenses rose 27.55% year-over-year to $98.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $346.1 million (up 9.03% YoY) and the FY2025 annual result came in at $330.7 million, up 5.34% from the prior year.
- Operating Expenses rose to $98.4 million in Q1 2026 per BETRW's latest filing, from $84.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $358.1 million in Q3 2023 and troughed at $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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 9505.52% in 2023, then sank 76.8% in 2024.
- Over 5 years, Operating Expenses stood at $127.3 million in 2022, then sank by 45.69% to $69.2 million in 2023, then rose by 21.22% to $83.8 million in 2024, then climbed by 0.87% to $84.6 million in 2025, then climbed by 16.38% to $98.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $98.4 million, $84.6 million, and $82.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.55 Bn | 36.45 Bn | - | 2.50 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.61 Bn | 36.61 Bn | - | 2.07 Bn |
| 3 | Federal Home Loan Mortgage | 18.43 Bn | 14.11 Bn | - | 2.10 Bn |
| 4 | PennyMac Financial Services | 3.90 Bn | 3.15 Bn | 480.08 Mn | 465.44 Mn |
| 5 | CNFinance Holdings | 1.52 Bn | 1.45 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 304.62 Mn |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 59.75 Mn |
| 8 | UWM Holdings | 472.54 Mn | -25.87 Mn | - | 635.05 Mn |
| 9 | Onity | 303.25 Mn | 106.95 Mn | - | 139.00 Mn |
| 10 | Better Home & Finance Holding | 1.93 Mn | -100.32 Mn | - | 86.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 86.10 Mn |
| 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 |