Johnson Fistel Investigates Better Home & Finance Holding Company (NASDAQ: BETR) Following CEO Departure and Recent Financial Disclosures
SAN DIEGO, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a nationally recognized shareholder rights law
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SAN DIEGO, Aug. 12, 2026 (GLOBE NEWSWIRE) — Johnson Fistel, PLLP, a nationally recognized shareholder rights law firm, is investigating potential violations of the federal securities laws by Better Home & Finance Holding Company (“Better” or the “Company”) (NASDAQ: BETR).
For more information, join the investigation here, or contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.
There is no cost or obligation to participate in the investigation.
What Happened?
On August 3, 2026, Better announced that founder Vishal Garg had stepped down as Chief Executive Officer, effective immediately, and that Board member Daniel Lewis had been appointed Interim Chief Executive Officer. Garg remained a member of the Company’s Board of Directors.
In connection with the leadership change, Better also released preliminary second-quarter financial results and announced plans to significantly increase its cost-reduction efforts. The Company said it now expected annualized cost reductions to exceed $45 million by year-end 2026, compared with its previously announced $25 million target.
Then, on August 6, 2026, Better reported its second-quarter 2026 financial results. Although loan volume increased year-over-year, the Company reported a net loss of approximately $30.6 million and an Adjusted EBITDA loss of approximately $14.0 million. Better also provided third-quarter guidance calling for loan volume of approximately $1.375 billion to $1.525 billion and total net revenues of approximately $49 million to $52 million, below the Company’s second-quarter loan volume of approximately $1.67 billion and revenues of approximately $54.7 million.
The August disclosures followed Better’s May 7, 2026 earnings call, during which management indicated that the timing of its previously announced goal of achieving $1 billion in monthly funded loan volume would depend partly on the interest-rate environment and appeared likely to be deferred. Following the May 7 disclosures, Better shares fell $12.17, or approximately 28.5%, from $42.69 to $30.52. Separately, following the August 3 leadership announcement, Better shares fell approximately 36.7% on August 4.
About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder litigation involving securities fraud, breaches of fiduciary duties, and other violations of state and federal law.
Johnson Fistel has been recognized as one of the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. In 2024, the firm recovered approximately $90,725,000 for investors.
Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. This press release may be considered a promotional communication. The attorney responsible for this communication is Frank J. Johnson.
Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471
jimb@johnsonfistel.com | fjohnson@johnsonfistel.com
