A company still losing money with shrinking sales, with high risk. Institutions are adding.
Going well
Sales up 52% last year
Sales growth speeding up
Watch out for
Sales down 65% in the latest quarter vs a year ago
Late quarterly report notice
About 6 months of cash left at its current burn
Money moves
Insiders sold $27K in the last 30 days
Institutions added 12% to their holdings in the quarter ending June 2026 (50 bought, 39 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$17.72+6.2% that day
Company value
$336M
Share price times all shares
Price vs sales
2.1x
No profit over the last year, so this compares value with sales instead
Cash vs value
30%
A big cushion: cash is a large part of what the company is worth
Debt vs value
59%
Debt as a share of company value
From BETR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$1.1M-65% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $159.8M, up 46% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BETR. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$593M
Profit in 5 years$59M
Price these guesses point to$42.46+140% vs $17.72 todayAbout +19% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 9.2% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissDebt under half of equityNot relying on borrowed money.5.35x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-100.6%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$167.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.4% in 3 years
Revenue
$164.9M
+52.0% vs prior year
Total debt
$198.8M
5.35x equity
Free cash flow
-$167.8M
-101.8% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 14After close4:20 pm ET
From the press release
Preliminary third quarter Loan Volume was $1.395 billion, within the Company's previously issued guidance range of $1.375 billion to $1.525 billion.
Preliminary Adjusted EBITDA loss was $24.8 million to $25.8 million, compared with previously issued guidance for an Adjusted EBITDA loss of $15.0 million to $18.0 million.
Excluding those expenses, the Adjusted EBITDA loss would have been approximately $17.8 million, within the previously issued guidance range.
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$1.1M
-64.6% YoY
EPS
-$1.64
vs -$2.39
Free cash flow
$23.4M
Share count
+22.8%
vs a year ago
Insider rating
Last 90 days
46Mixed
2 insiders sold $27K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
19/ 100
This week
2
Normal week
10.0
vs normal
0.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+11.7%
Institutions added 11.7% to their holdings. 50 bought, 39 sold. 3 quarters of net buying in a row.
Shares held by institutions5.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+47.0%
Cash runwayAt last year's cash burn
7 months
Debt to equityLatest balance sheet: debt compared with what owners have
3.4x · $198.8M debt
Shares outstandingLatest reported
19M
Why high risk
Losing money, losses are large next to sales
About 7 months of cash left at its current burn
Share count growing 47% a year (dilution)
High debt: 3.43x equity
Exchange listing notice (a delisting warning or a move to another exchange)