Amplify Snack Brands Stock Earnings Reports

Better Home & Finance reported a strong Q1 2026: funded loan volume was $1.64B (up ~89% YoY), revenue from continuing operations was $47.5M (up ~52% YoY), and adjusted EBITDA loss improved to ~$19M (48% YoY improvement). The Tinman AI platform now generated ~50% of funded volume (up from 44% in Q4) and remains a core growth driver alongside expanding partnerships (Credit Karma, Finance of America, top non-bank originators, NEO, Coinbase). Management highlighted two new product launches: a Better Home Equity Mastercard (HELOC-linked) with Stripe and a Fannie Mae–eligible token-backed mortgage with Coinbase. Macro volatility tied to the Middle East conflict pushed consumer rates higher (from ~5.75% to >6.5%), hurting conversion rates and deferring some refinance demand, but partner top-of-funnel volume increased substantially. For Q2 management guides funded volume ~ $1.575B–$1.725B (midpoint ~37% YoY growth), revenues $53M–$56M (midpoint ~28% YoY), and adjusted EBITDA loss $12.5M–$14M (midpoint ~42% YoY improvement). Key operational/financial actions: at least $25M annualized cost reductions beginning Q2, expanded warehouse capacity to $850M (a 48% increase), and a $69M equity raise after quarter-end. Management reiterated a goal of adjusted EBITDA breakeven by end of Q3 2026 but noted timing depends on the interest-rate environment and consumer behavior. They are prioritizing a shift toward higher-margin HELOCs and AI efficiencies to drive revenue growth and operating leverage as volumes normalize.