Better Home & Finance Q2 FY26 net loss narrows to $30.6 million; revenue rises 28% to $54.7 million
Reuters2026/08/03 20:51- Better posted preliminary Q2 2026 revenue of USD 54.7 million, up 28% year over year, as funded loan volume rose 45% to USD 1.67 billion.
- Net loss narrowed to USD 30.6 million.
- Adjusted EBITDA loss under non-GAAP measures improved to USD 14 million, including a USD 6.5 million benefit from a TRID reserve release.
- The board named Daniel Lewis interim CEO, replacing founder Vishal Garg, while the company sharpened its partner-led platform strategy and targeted more than USD 45 million in annualized cost cuts.
- Better moved its second-quarter earnings release and investor call to Aug. 6, 2026, while continuing a process to sell its UK bank unit, Birmingham Bank.
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