Better Home & Finance Holding Company (NASDAQ: BETR; BETRW), a leading AI-native home finance company, has announced its financial results for the third quarter ended September 30, 2025. The company reported strong progress in its strategic growth initiatives, driven by new partnerships, AI-powered product innovation, and increased operational efficiency. Vishal Garg, CEO and Founder of Better, stated, “This was a pivotal quarter for Better as we set the stage for our next chapter of growth.” He highlighted the company’s three new strategic partnerships, which validate the strength of its platform and technology. Garg added that the company expects to reach Adjusted EBITDA breakeven by the end of the third quarter of 2026. The company reported a strong start to the fourth quarter, with total funded loan volume projected to reach a $500 million monthly run-rate, driven primarily by its new strategic partnerships. The company anticipates increasing this to a $1 billion monthly run-rate within the next six months. Better also announced it is in discussions with additional potential partners, including one of the top U.S. home improvement lenders, two leading loan servicers, one of the top U.S. personal lenders, and a mid-size bank. These potential partnerships could provide access to up to ten million additional U.S. homeowners for mortgage and home equity products. Key highlights from the third quarter include: - Onboarding of two new strategic partnerships, with a third announced in October, reinforcing Better’s role as a platform powering the home finance ecosystem. - Launch of an AI-driven HELOC underwriting system for small business and self-employed borrowers, enabling loan approvals using only bank statements—expanding access to home finance for more American families. - Continued improvements in productivity from AI investments, including further expansion of Betsy™, the company’s voice-based AI loan assistant, which now autonomously guides customers through pre-approval, rate quotes, and rate locks. - Expansion of the Tinman® AI Platform, with the onboarding of additional local loan officers, serving approximately 1,148 families and generating $483 million in funded loan volume. In other leadership news, Kevin Ryan, Chief Financial Officer, will retire effective November 14, 2025. The company expressed gratitude for his contributions, including taking Better public and rightsizing its capital structure, and is currently conducting a search for a new CFO with strong candidates under consideration. Financially, Better reported: - Total net revenues of $43.9 million for the quarter, up from $29.0 million in the same period of 2024. - A net loss of $39.1 million, compared to $54.2 million in the prior-year quarter. - Adjusted EBITDA loss of $24.9 million, reflecting ongoing investments in growth and technology. The company emphasized that non-GAAP metrics such as Adjusted EBITDA and Adjusted Net Loss provide supplemental insight into its operational performance and are intended to help investors evaluate the business alongside GAAP results. Better also reaffirmed its commitment to transparency and investor communication, with a live earnings webcast scheduled for November 13, 2025, at 8:30 AM ET. Investors can access the webcast and presentation via the company’s investor relations website. Forward-looking statements in the release include expectations about future growth, profitability, funded loan volume, and strategic partnerships. These statements are subject to risks and uncertainties, including market conditions, regulatory changes, competition, and the company’s ability to execute its business strategy. For a full discussion of risks, investors are encouraged to review the company’s filings with the SEC, including its upcoming Form 10-Q for the quarter ended September 30, 2025.