Better posted revenue of $44 million in Q2 2025, up from $33 million in Q1 and $32 million in Q2 2024. The company financed $1.2 billion in loans during the same period, an increase from $868 million in Q1 and $962 million last year. Adjusted EBITDA loss widened to $27 million, yet improved compared to Q1 2025's $40 million loss. CEO Vishal Garg plans for breakeven by Q3 2026, emphasizing AI's role in improving loan processing efficiency and increasing revenue.
Despite posting revenue growth, Better's adjusted EBITDA loss increased slightly to $27 million in Q2 2025. The company aims for adjusted EBITDA breakeven by Q3 2026.
Better funded $1.2 billion in loans in Q2 2025, a significant increase from $868 million in the previous quarter. Purchase loans represented 67% of funded volume.
The AI loan assistant, Betsy, achieved 600,000 customer interactions in Q2 2025, marking a substantial increase and improving the lead-to-lock conversion rate by over 30%.
Garg confirmed that Better's advancements in AI technology through Tinman AI platform and software channels are creating stronger unit economics and increasing profitability.
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