Better Home & Finance Holding Company reported second quarter 2026 financial results, announcing a net loss of $30.6 million compared to $36.3 million in the prior year period. Total net revenues grew 28% year over year to $54.7 million, while loan volume increased 38% to $1.67 billion. Adjusted EBITDA improved by 39%, with a loss of $14.0 million versus $22.9 million previously, aided by a $6.5 million TRID reserve release. The company provided third quarter guidance projecting loan volume between $1.375 and $1.525 billion and total net revenues of $49.0 to $52.0 million. Additionally, board member Daniel Lewis was appointed Interim Chief Executive Officer effective August 3, 2026, succeeding founder Vishal Garg, who will remain on the Board. The company also raised its target annualized cost reductions to exceed $45 million by year-end 2026. Better Home & Finance Holding Company operates in the fintech industry as an AI-native mortgage and home equity finance platform.

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.

On July 28, 2026, Better Home & Finance Holding Company executed an amendment to its broker agreement with Intuit Credit Karma. The partnership will expand to provide Home Equity Line of Credit (HELOC) products under the “Credit Karma Home Loans powered by Better” brand to Intuit’s consumer base of 140 million users in the United States. This offering supplements existing Rate Term Refinance and Cash out Refinance products currently available through the channel. The Company anticipates that adding HELOCs will contribute meaningfully to loan volume and revenue growth over the following several quarters. Better Home & Finance Holding Company operates in the mortgage lending industry, providing home loans and related financial services.

On July 27, 2026, David Barse resigned from the board of directors effective immediately, citing no disagreements with company operations. The board simultaneously elected Daniel Lewis as a director to serve until the 2027 annual meeting. Mr. Lewis will participate in standard non-employee director compensation and indemnification arrangements but has not yet been assigned to any committees. Better Home & Finance Holding Company operates in the mortgage lending industry.