Better Home & Finance reported second-quarter 2026 results and provided third-quarter guidance that falls short of its previously stated goal of reaching adjusted EBITDA breakeven by September. Interim CEO Daniel Lewis said the company now expects to miss that target, citing a muted refinancing environment and uncertain timing of partnership launches. For Q3, Better guided for loan volume of $1.375 billion to $1.525 billion, total net revenues of $49 million to $52 million, and an adjusted EBITDA loss of $18 million to $15 million. The company also announced annual cost savings are now expected to exceed $45 million, well above the original target of $25 million. Q2 loan volume grew 38% year-over-year to $1.67 billion, and total net revenues increased 28% year-over-year to $54.7 million, while the adjusted EBITDA loss was $14 million, which included a one-time $6.5 million trade reserve release.
Better Home & Finance Holding CompanyMisses adjusted EBITDA breakeven target and guides for Q3 loss
