Better.com reports $1.46B in Q4 volume, net loss of $40M

"The fourth quarter was about positioning the company for a material ramp in funded loan volume, Vishal Garg, Better's CEO and founder, said in a statement. The early data speaks for itself as we transition from a D2C originator to an AI-native lending platform with rapidly expanding distribution."

"Better Home and Finance Holding Co., the parent of digital lender Better.com, ended 2025 with higher origination volume but remained unprofitable. The company funded $1.46 billion in loans in the fourth quarter, up 56% year over year. Production through its Tinman AI platform doubled to $646 million during the same period."

"Better recently launched a partnership with consumer finance platform Credit Karma, which has 149 million members, to expand mortgage originations through Tinman AI. Credit Karma Home Loans generated more than 30,000 preapprovals in its first five months, the company said."

Better Home and Finance ended 2025 with significant loan origination growth but continued unprofitability. Q4 2025 loan funding reached $1.46 billion, representing 56% year-over-year growth. Tinman AI platform production doubled to $646 million. Purchase loans dominated at $720 million, refinances totaled $537 million, and HELOCs reached $203 million. Total Q4 revenue was $44 million, up 77% year-over-year. The company reported a $40 million net loss but achieved $23.9 million in adjusted EBITDA. Better transitioned toward an AI-native lending platform with expanded distribution, including a partnership with Credit Karma generating over 30,000 preapprovals in five months. Q1 2026 projections anticipated $1.4 billion to $1.55 billion in funded volume.

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