BETR

The past six months have seen significant volatility for BETR's stock, driven by several events. There have been ongoing governance tensions, including disputes and a proxy contest involving founder Vishal Garg, who claimed shareholder support to remove directors, a claim the company disputes while investigating allegations that Garg offered company interests for proxy support. The company is also facing a class-action lawsuit for allegedly misleading investors about business prospects and loan volume targets between March and May 2026, which led to a 28.5% stock drop after Q1 2026 earnings revealed macroeconomic slowdowns and deferred targets. In August 2026, Better Mortgage and Coinbase expanded their partnership, offering Coinbase One members up to $10,000 in HELOC rebates, coinciding with a 45% quarter-over-quarter and 23% year-over-year increase in Better's HELOC originations in Q2 2026. Financially, Q2 2026 revenues exceeded analyst expectations, but EPS lagged, with the company reporting a net loss of $31.5 million, an improvement from the previous year, though it remains unprofitable and cash-flow negative with significant negative operating and net margins. The stock price has been highly volatile, trading at $12.16 on September 23, 2026, significantly down from its 52-week high of $92.42.