$BETR Income Statement | Understand Stock

$BETR

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of operations and comprehensive loss

In millions of USD; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Formation and operating costs
Revenues:
Revenues
Mortgage platform revenue, net
Cash offer program revenue
Other platform revenue
Gain on loans, net
Other revenue
Net interest income
Interest income
Warehouse interest expense
Interest expense
Net interest income
Total net revenues
Expenses:
Expenses
Mortgage platform revenue, net
Cash offer program revenue
Other platform revenue
Compensation and benefits
General and administrative
Technology
Restructuring and impairment expenses (see Note 5)
Marketing and advertising
Loan origination expense
Depreciation and amortization
Other expenses/(income)
Total Expenses
(Loss) Income from operations
Interest earned (expense) on marketable securities held in Trust Account
Other income
Interest expense on debt
Non-Funding Debt
Pre-Closing Bridge Notes
Change in fair value of warrants
Change in fair value of over-allotment option liability
Offering costs allocated to warrants liability
Gain on deferred underwriting fee
Change in fair value of convertible preferred stock warrants
Change in fair value of bifurcated derivative
Total interest and other expense, net
Loss before income tax expense
Income tax expense
Net loss
Other comprehensive income/(loss):
Foreign currency translation adjustment, net of tax
Comprehensive loss
Per share data:
Loss per share attributable to common stockholders: Basic (in dollars per share)
Class A ordinary shares subject to possible redemption
Non-Redeemable Class A and Class B Ordinary Shares
Total loss per share attributable to common stockholders: Basic (in dollars per share)

Loss per share attributable to common stockholders: Diluted (in dollars per share)
Class A ordinary shares subject to possible redemption
Non-Redeemable Class A and Class B Ordinary Shares
Total loss per share attributable to common stockholders: Diluted (in dollars per share)

Weighted average common shares outstanding — basic (in shares)
Class A ordinary shares subject to possible redemption
Non-Redeemable Class A and Class B Ordinary Shares
Total weighted average common shares outstanding — basic (in shares)

Weighted average common shares outstanding — diluted (in shares)
Class A ordinary shares subject to possible redemption
Non-Redeemable Class A and Class B Ordinary Shares
Total weighted average common shares outstanding — diluted (in shares)

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