Better Home & Finance (NASDAQ:BETR) held its 2026 annual meeting of stockholders, with shareholders voting to re-elect the company’s slate of directors and approve the appointment of its independent auditor for the year ending Dec. 31, 2026.
Harit Talwar, chairman of the board, called the meeting to order and presided over the formal proceedings. Paula Tuffin, Better’s general counsel, chief compliance officer and secretary, said Broadridge Financial Services served as inspector of election, and representatives from BDO, Better’s independent auditors, were present for the meeting.
Shareholders Re-Elect Board, Ratify Auditor
Shareholders voted on two proposals. The first was the election of eight directors to serve until the company’s 2027 annual meeting and until their successors are duly elected and qualified. The nominees were Harit Talwar, Vishal Garg, Michael Farello, Arnaud Massenet, David Barse, Hugh Frater, Bhaskar Menon and Prabhu Narasimhan. Talwar said no advance notice had been received for any additional director nominations.
The second proposal was the ratification of BDO USA, P.C. as Better’s independent registered public accounting firm for the year ending Dec. 31, 2026.
After the polls closed, Tuffin reported preliminary results, saying all director nominees had received a majority of votes cast in favor of re-election. She also said the company received the required number of votes to approve the auditor ratification proposal. Final voting results are expected to be filed on Form 8-K within four business days.
CEO Highlights Growth in Loan Volume and Revenue
Following the formal meeting, Vishal Garg, Better’s chief executive officer and a member of the board, addressed shareholders and reviewed the company’s recent progress. Garg said Better has pursued a mission since 2016 “to make homeownership cheaper, faster, and easier for Americans.”
Garg said the company made “meaningful progress” across key strategic priorities since its prior annual meeting. He said funded loan volume grew 89% year-over-year in the first quarter of 2026, while revenue increased 52% year-over-year after normalizing for Birmingham Bank.
He also said Better has a broad product range and diversified channels, pointing to home equity lines of credit as a growing contributor to revenue. Garg described the HELOC market as “a significant and largely underserved addressable opportunity” and said the company believes its AI-enabled platform is positioned to increase penetration and capture market share.
Tinman AI Platform and Birmingham Bank Update
Garg said partnerships tied to Better’s Tinman AI Platform accounted for approximately 50% of first-quarter 2026 revenue. He said that shift reduced the company’s historical dependence on direct-to-consumer channels and broadened its revenue base.
The CEO also noted that Better completed a capital raise in the second quarter of 2026, which he said strengthened the company’s balance sheet to support continued growth and operational execution. In the U.K., Garg said Better decided to sell Birmingham Bank, allowing the company to focus resources on its core U.S. mortgage business.
Executive Compensation and Profitability Target
Garg also discussed the structure of equity grants for Better’s senior team. He said the majority of those grants are structured as performance share units, rather than traditional time-based awards. While the PSUs include a four-year time-based vesting component, Garg said they are earned only upon achieving stock price and revenue-based performance milestones.
The performance milestones he outlined include:
- A 90-day average closing stock price of $50;
- A 90-day average closing stock price of $90;
- An annualized Tinman AI Platform revenue run-rate of $150 million; and
- An annualized AI Platform revenue run-rate of $300 million.
Garg said the compensation structure is intended to align management’s interests with shareholders and with the long-term growth of the company’s technology platform.
On profitability, Garg said management is “deeply focused” on achieving adjusted EBITDA breakeven by the end of the third quarter of 2026.
After the meeting was adjourned, the company opened the floor for stockholder questions and comments. No questions or comments were submitted, according to the meeting proceedings.
About Better Home & Finance (NASDAQ:BETR)
Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.
