Better Home & Finance Holding Company announced that Founder Vishal Garg stepped down as Chief Executive Officer effective August 3, 2026, with Board member Daniel Lewis appointed as Interim CEO. The company also released preliminary financial results for the quarter ended June 30, 2026, reporting funded loan volume of $1.67 billion (up 38% year-over-year) and revenue of $54.7 million (up 28%). Net loss was $30.6 million, while adjusted EBITDA was negative $14.0 million, including a $6.5 million benefit from a TRID reserve release. Management expects cost reductions to exceed $45 million on an annualized basis by year-end and announced the rescheduling of its second-quarter earnings call to August 6, 2026. Better Home & Finance Holding Company operates in the mortgage technology sector, providing AI-native homeownership financing solutions.
