Better Home & Finance Holding Company has reported its financial results for the first quarter ended March 31, 2025. Despite a challenging macroeconomic environment, the company achieved significant year-over-year growth in its funded loan volumes, particularly in the home equity products category, which saw a 207% increase. The company also announced the retirement of its outstanding convertible debt, which is expected to create approximately $200 million in positive pre-tax equity value. This move is part of Better's strategy to optimize its liability structure and drive long-term value creation for its equity holders. Better continues to focus on operational efficiency and profitability, as highlighted by the scaling of AI technologies across its operations. The expansion of the Betsy AI into processing and underwriting workflows, along with the Tinman AI platform, is aimed at boosting growth and cost efficiency. The company also announced the exit from three smaller non-core U.K. businesses, which is anticipated to positively impact adjusted EBITDA losses in the second half of 2025. For further financial details, stakeholders are encouraged to review the interim report on Form 10-Q and the investor presentation available on the company's website.