Q4 2025 Better Home & Finance Holding Co Earnings Call Transcript
Key Points
- Better Home & Finance Holding Co (BETR) reported a 56% year-over-year increase in funded loan volume for Q4 2025, reaching $1.5 billion.
- The company achieved a 77% increase in revenue year-over-year for Q4 2025, totaling $44 million.
- The Tinman AI platform generated $646 million in volume in Q4, surpassing prior guidance and representing over 40% of total volume.
- Partnerships with major players like Intuit Credit Karma and Neo are driving significant growth and expanding the company's reach.
- The company is on track to reach $1 billion in monthly volume by May 2026 and aims for adjusted EBITDA break-even by the end of Q3 2026.
- The transition to an AI native platform involves longer ramp timelines for enterprise partnerships, which could delay immediate financial benefits.
- Despite growth, the company reported a $24 million loss in Q4 2025, indicating ongoing financial challenges.
- The gain on sale margin declined slightly in Q4, attributed to higher refinance D2C growth.
- The company's reliance on partnerships means that growth may not be linear and is subject to the pace of partner integration and adoption.
- The stablecoin ecosystem for funding, which could lower funding costs, is still six months away from impacting the bottom line.
(Operator Instructions)
Ladies and gentlemen, thank you for standing by. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome you to the Better Home & Finance Holding Company fourth quarter and full year 2025 results conference call. (Operator Instructions)
Thank you. I would now like to turn the conference over to Tarek Afifi, Corporate Finance and Investor Relations Manager. Please go ahead.
Welcome to Better Home & Finance Holding Company's fourth quarter in full year 2025 earnings conference call. My name is Tarek AFIFI on Better's Corporate Finance team. Joining me on today's call are Vishal Garg, Founder and Chief Executive Officer of Better; and Loveen Advani, Chief Financial Officer of Better.
In addition to this conference call, please direct your attention to our fourth quarter and full year earnings release, which is available on our Investor Relations website. Also
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