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BETR (Better Home & Finance Holding Co) Net-Net Working Capital : $-57.89 (As of Mar. 2025)


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What is Better Home & Finance Holding Co Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Better Home & Finance Holding Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-57.89.

The industry rank for Better Home & Finance Holding Co's Net-Net Working Capital or its related term are showing as below:

BETR's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 4.97
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Better Home & Finance Holding Co Net-Net Working Capital Historical Data

The historical data trend for Better Home & Finance Holding Co's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Better Home & Finance Holding Co Net-Net Working Capital Chart

Better Home & Finance Holding Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
-143.76 -92.80 -16.88 -46.57

Better Home & Finance Holding Co Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.71 -35.35 -38.50 -46.57 -57.89

Competitive Comparison of Better Home & Finance Holding Co's Net-Net Working Capital

For the Mortgage Finance subindustry, Better Home & Finance Holding Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Better Home & Finance Holding Co's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Better Home & Finance Holding Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Better Home & Finance Holding Co's Price-to-Net-Net-Working-Capital falls into.


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Better Home & Finance Holding Co Net-Net Working Capital Calculation

Better Home & Finance Holding Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(264.875+0.75 * 0+0.5 * 0-971.227
-0-0)/15.169
=-46.57

Better Home & Finance Holding Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(227.976+0.75 * 0+0.5 * 0-1107.137
-0-0)/15.188
=-57.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Better Home & Finance Holding Co  (NAS:BETR) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Better Home & Finance Holding Co Net-Net Working Capital Related Terms

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Better Home & Finance Holding Co Business Description

Traded in Other Exchanges
N/A
Address
285 Fulton Street, Suite A, 80th Floor, 1 World Trade Center, New York, NY, USA, 10007
Better Home & Finance Holding Co is a digital-first homeownership company whose services include mortgage, real estate, title, and homeowners insurance. The company has combined technology innovation and fresh thinking with a deep customer focus with the goal of revolutionizing the homeownership industry.
Executives
Prabhu Narasimhan officer: CIO and Head of Legal 452 FIFTH AVENUE, NEW YORK NY 10018
Thor Bjorgolfsson director, 10 percent owner, officer: Chairman 430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
J. Calamari Nicholas officer: CAO and Senior Counsel 450 PARK AVE, STE. 2702, NEW YORK NY 10022
Riaz Valani director, 10 percent owner C/O OUSTER, INC., 350 TREAT AVENUE, SAN FRANCISCO CA 94110
Sb Management Ltd 10 percent owner 9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA
Softbank Group Corp 10 percent owner 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Kevin J Ryan officer: Chief Financial Officer C/O WESLEY JESSEN VISIONCARE INC, 333 EAST HOWARD AVE, DES PLAINES IL 60018-5903
Vishal Garg director, 10 percent owner, officer: Chief Executive Officer C/O MRU HOLDINGS, INC., 1114 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Activant Ventures Iii, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 1, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 2, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 3, Lp director, 10 percent owner 323 RAILROAD AVE., 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 4, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 6, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Paula Tuffin officer: General Counsel and CCO 3 WORLD TRADE CENTER, 175 GREENWICH ST 57TH FLOOR, NEW YORK NY 10007