Better Home & Finance Holding Company (BETTER HOME & FINANCE HOLDING) reported its financial results for the quarter ended June 30, 2024. The company saw a slight increase in funded loan volume to $962 million, up from $912 million in the same period last year. However, net loss widened to $41.4 million compared to a loss of $44 million in the previous year. The company's gain on loans, net, decreased by 11% to $18.4 million, while other revenue, which includes real estate and insurance services, fell by 39% to $2.9 million. Net interest income turned positive, reaching $5.2 million, a significant improvement from a loss of $41,000 in the prior year. Total net revenues increased marginally to $32.3 million from $31.1 million. Expenses rose slightly, with compensation and benefits reaching $35.3 million, and general and administrative expenses climbing to $15.2 million. The company also highlighted the impact of a reverse stock split aimed at boosting the share price above the Nasdaq's minimum bid price requirement. The company's CEO is involved in ongoing litigation, which could potentially distract from business operations and impact financial performance.

Better Home & Finance Holding Company (BETTER HOME & FINANCE HOLDING) reported its financial results for the quarter ended June 30, 2024. The company saw a slight increase in funded loan volume to $962 million, up from $912 million in the same period last year. However, net loss widened to $41.4 million compared to a loss of $44 million in the previous year. The company's gain on loans, net, decreased by 11% to $18.4 million, while other revenue, which includes real estate and insurance services, fell by 39% to $2.9 million. Net interest income turned positive, reaching $5.2 million, a significant improvement from a loss of $41,000 in the prior year. Total net revenues increased marginally to $32.3 million from $31.1 million. Expenses rose slightly, with compensation and benefits reaching $35.3 million, and general and administrative expenses climbing to $15.2 million. The company also highlighted the impact of a reverse stock split aimed at boosting the share price above the Nasdaq's minimum bid price requirement. The company's CEO is involved in ongoing litigation, which could potentially distract from business operations and impact financial performance.