Better Home & Finance Holding Co., the parent of digital lender Better, reported a net loss of $54.1 million in the third quarter of 2024 during an earnings call on Tuesday. By comparison, the company lost $41.4 million in Q2 2024 and $353.9 million in Q3 2023.

Better reported third-quarter revenue of $29 million, down from $32.3 million in the prior quarter but up from $4.9 million in the same period a year ago. The company’s earnings release noted a nonrecurring gain of $5.5 million in Q2 2024 related to mark-to-market impacts on its lock pipeline. 

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