Better Home & Finance Holding Co

BETR remains in a Stage 4 decline with active Lower Highs & Lower Lows confirming supply dominance. Price trades below declining 9EMA and 20EMA, and oversold conditions have not produced sustainable bounces. Short-term rallies into EMAs continue to be rejected, supporting bearish execution. We maintain a bearish medium-term bias and recommend selling now into the dynamic EMA resistance zone.

• ↑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