Better Home & Finance Holding Company (NASDAQ:BETR) delivered a sharp increase in operational momentum for the fourth quarter of 2025, signaling that its AI-native mortgage platform is beginning to capture significant market share as the interest rate environment shifts.
The New York-based fintech reported revenue of approximately $44 million for the quarter ended December 31, 2025, a 77% increase compared to the $25 million reported in the same period a year ago.
The top-line growth was driven by a 56% year-over-year jump in funded loan volume, which reached $1.5 billion.
Notably, refinance activity emerged as the primary growth engine, with refinance funded loan volume skyrocketing 207% year-over-year to $537 million.
On the bottom line, Better continues to move toward its goal of profitability.
The company reported a GAAP net loss of approximately $40 million, representing a 33% improvement from the $59 million loss in the fourth quarter of 2024.
Adjusted EBITDA loss narrowed to $24 million, a 14% year-over-year improvement.
This progress was supported by a 28% quarter-over-quarter expansion in marginal per-unit contribution margins within its direct-to-consumer (D2C) channel.