Better Home & Finance Holding Co (BETR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 17, 2026

Risk Assessment Details

Potential Dilution: 1.99% of current shares
Recent Dilution: 5378.81% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
11M
Potential Supply
210K
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

BETR currently has 10.6M outstanding shares. with limited dilution risk as only 211K additional shares (2.0%) are authorized for issuance. The company has significantly diluted shareholders by 5378.81% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 17, 2026

S-3 filing: This S-3 filing registers for resale 211,312 shares of Class A Common Stock held by a selling stockholder, obtained via warrant exercise, with the company not receiving any proceeds from the sale.

11M 210K
Apr 09, 2026

8-K filing: The Company consummated an underwritten public offering of 2,156,250 shares of Class A common stock at a price of $32.00 per share, receiving $66,067,500 in aggregate net proceeds. ($69.0M proceeds)

11M 0
Mar 13, 2026

10-K filing | 10.6M shares outstanding

11M 0
Nov 13, 2025

10-Q filing | 9.9M shares outstanding

9.9M 0
Aug 13, 2025

10-Q filing | 9.4M shares outstanding

9.4M 0
Jun 04, 2025

S-3/A filing: The company may offer and sell various securities, including Class A common stock, preferred stock, depositary shares, warrants, subscription rights, debt securities, and purchase contracts, as well as units that include any of these securities, up to an aggregate initial offering price of $200,000,000.

9.7M 0
May 16, 2025

S-3 filing: The filing registers an indeterminate number of various securities, including common stock, preferred stock, depositary shares, warrants, subscription rights, debt securities, purchase contracts, and units, up to a maximum aggregate offering price of $200,000,000.

9.7M 0
May 14, 2025

10-Q filing | 9.7M shares outstanding

9.7M 0
Mar 19, 2025

10-K filing | 9.2M shares outstanding

9.2M 0
Nov 14, 2024

10-Q filing | 8.5M shares outstanding

8.5M 0
Aug 19, 2024
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 7,838,094 → 156,761

160K 0
Aug 16, 2024
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 391,904,734 → 7,838,094

7.8M 0
Aug 14, 2024

10-Q filing | 424.8M shares outstanding

420M 0
May 15, 2024

10-Q filing | 391.9M shares outstanding

390M 0
Apr 29, 2024

POS AM filing: This is a filing for Class A Common Stock underlying Warrants with an exercise price of $11.50.

390M 0
Apr 08, 2024

10-K filing | 391.2M shares outstanding

390M 0
Dec 20, 2023

S-1/A filing: This S-1/A filing from Better Home & Finance describes the offering price of Class A common stock underlying warrants, including public and private warrants, based on an exercise price of $11.50 per share. It also mentions that the Selling Securityholders may sell Class A common stock or Private Warrants under this prospectus.

360M 0
Dec 13, 2023

S-1/A filing: The filing relates to the offering price determination of Better Home & Finance Class A common stock underlying the Warrants, including the Public Warrants and Private Warrants, offered hereby by us, which is determined by reference to the exercise price of the Warrants of $11.50 per share.

360M 0
Nov 14, 2023

10-Q filing | 356.4M shares outstanding

360M 0
Aug 28, 2023

8-K filing: Better Home & Finance entered into several agreements including a Registration Rights Agreement, a Novator Exchange Agreement where the Sponsor exchanged a Pre-Closing Bridge Note for 40,000,000 shares of Class A common stock at $2.50 per share, a Sponsor Purchase Agreement where the Sponsor purchased 1.7 million shares of Class A common stock for $17 million, and issued Convertible Notes to SoftBank in the aggregate principal amount of $528,585,444. ($17.0M proceeds)

7M 0
Aug 04, 2023

10-Q filing | 7.0M shares outstanding

7M 0
May 12, 2023

10-Q filing | 7.0M shares outstanding

7M 0
Apr 17, 2023

10-K filing | 3.5M shares outstanding

3.5M 0
Nov 14, 2022

10-Q filing | 3.5M shares outstanding

3.5M 0
Aug 15, 2022

10-Q filing | 3.5M shares outstanding

3.5M 0
May 16, 2022

10-Q filing | 3.5M shares outstanding

3.5M 0
Mar 25, 2022

10-K filing | 3.5M shares outstanding

3.5M 0
Nov 15, 2021

10-Q filing | 3.5M shares outstanding

3.5M 0
Aug 11, 2021

10-Q filing | 3.5M shares outstanding

3.5M 0
May 26, 2021

10-Q filing | 3.5M shares outstanding

3.5M 0
Mar 12, 2021

8-K filing: Aurora Acquisition Corp. consummated its initial public offering of 22,000,000 units and issued an additional 2,300,287 units pursuant to an over-allotment option, generating gross proceeds of $23,002,870. Concurrently, the company closed two private placements generating $41,400,000 in additional gross proceeds, including the issuance of 3,500,000 units and 4,266,667 private placement warrants, and an additional 306,705 private placement warrants. ($29.86M proceeds)

N/A 0
Mar 09, 2021

8-K filing: Aurora Acquisition Corp. consummated its initial public offering of 22,000,000 units and the Sponsor and certain executive officers and directors purchased 4,266,667 warrants to purchase Class A ordinary shares for $1.50 per warrant and purchased 3,500,000 units at a price of $10.00 per unit. ($261.4M proceeds)

N/A 0
Mar 08, 2021

8-K filing: Aurora Acquisition Corp. consummated its initial public offering of 22,000,000 units at $10.00 per unit, generating gross proceeds of $220,000,000. Concurrently, the company closed private placements with its sponsor and certain executives and directors, generating $41,400,000 in additional gross proceeds. ($261.4M proceeds)

N/A 0
Feb 24, 2021

S-1/A filing: This is an S-1/A filing related to an offering of units consisting of Class A ordinary shares and warrants.

N/A 0
Feb 12, 2021

S-1 filing: This S-1 filing highlights information about the company, the offering of Class A ordinary shares and warrants, and selected information contained in the prospectus.

N/A 0
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