Better Home & Finance Holding Co

BETR remains in a Stage 4 decline with active Lower Highs & Lower Lows confirming supply dominance. Price trades below all key EMAs and has been repeatedly rejected at the declining 9EMA and 20EMA resistance zone. Short-term timing favors bearish execution as relief rallies into the dynamic EMAs fail. We maintain a bearish medium-term bias and recommend selling now on any rally into the EMAs, as no stabilization or reversal signals are evident.

• ↑Q1 ’25 funded loan volume rose 31% YoY to $868M, revenue grew 46% to $33M
• ↑Transitioning into HELOCs, projecting 28% YoY revenue growth and higher gain-on-sale economics
• ↓Q1 ’26 adjusted EBITDA loss widened to $70.3M, deepening cash burn