Better Home & Finance Holding Co (FRA:V6L)

Q2 2026 Better Home & Finance Holding Co Earnings Call Transcript

Aug 6, 2026 / 08:30 PM GMT

Release Date Price: €14.17 (-0.84%)

Transcript 10-Q8-K8-K

Key Points

Positve

Loan volume grew 38% year-over-year to $1.67 billion, with total net revenues increasing 28% year-over-year to $54.7 million.
Adjusted EBITDA loss improved by 39% year-over-year and 26% quarter-over-quarter, reaching $14 million in Q2.
HELOC product mix increased to 18% of loan volume, up from 12% last quarter, driving higher revenue per loan.
Annual cost savings target raised to over $45 million, well above the original $25 million goal.
Warehouse capacity expanded by 48% to approximately $850 million, reflecting lender confidence in the platform.

Negative

Company fell short of its goal to reach adjusted EBITDA breakeven by September, with Q3 guidance projecting a loss of $15 million to $18 million.
Q3 guidance reflects muted refinancing environment and uncertain timing of partnership launches, with loan volumes expected to decline sequentially.
Partnership launches, particularly for HELOC, have been delayed and are not expected to contribute until Q4.
Elevated rate environment is expected to persist over the medium term, pressuring mortgage application activity.
Complex enterprise integrations have been costly and have not yet yielded material results, requiring a strategic shift in focus.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BETR.OQ - Better Home & Finance Holding Co
Q2 2026 Better Home & Finance Holding Co Earnings Call
Aug 06, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. My name is Kelsey and I'll be your conference operator today.

At this time, I would like to welcome you to the Better Home and Finance Holding Company second quarter 2026 results.

After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again.

I would now like to turn the conference over to Tarek Afifi, Corporate Finance and Investor Relations Manager. Tarek, please go ahead.

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Unidentified_2 [2]

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