$BETR

Better Home & Finance sued its founder and former CEO Vishal Garg, alleging he led a “scorched-earth campaign” to regain control. The dispute follows claims during his tenure that he called employees “monkeys” and “dumb dolphins.” Better Home says Garg was reinstalled as CEO in 2022 after a 2021 mass layoff. The lender has processed over $110B in loans.

Better Home & Finance founder Vishal Garg says the board removed him as CEO after he fired 900 employees over Zoom in 2021. Garg claims Daniel Lewis, a new board member, pushed for his ouster and is now fighting to regain the role. Garg cites AI mortgage automation progress, partnerships, and a 2024 sales target of $200M.

Better Home & Finance accused former CEO Vishal Garg of unlawful shareholder solicitation aimed at regaining control, citing alleged misrepresentations and federal securities law violations. The company said Garg lacks votes even with Class B super-voting shares. Better reported $1.5B GAAP net losses since 2022 and a 90% stock drop. Its stock fell 36.6% to $17.32 after naming interim CEO Daniel Lewis.

Better.com CEO Vishal Garg was removed earlier this month after Daniel Lewis, who joined Better’s board July 27, became interim CEO Aug. 3. Better said the board voted to terminate Garg over “judgment, temperament and credibility.” Garg disputes this, citing improving sales and loan volume, and is seeking reinstatement.

Better Home & Finance founder Vishal Garg is seeking to regain the CEO role after being removed Aug. 3, days after Daniel Lewis joined the board and replaced him. Garg cites a turnaround plan and forecasts revenue rising to about $200 million in 2024, after sales fell from $1.5B (2021) to $70M (2023). Better’s stock is down 45% since Lewis took over.

Vishal Garg, ousted founder of Better Home & Finance Holding Co, said Aug. 13 he secured signed shareholder declarations representing a majority of voting power to seek board reconstitution and control. He demanded directors resign or face a special meeting. Better shares fell to about $15 after his bid. Better reported revenue and loan volume growth, while the board cited losses and alleged securities-law issues.

Better (Better Home) says founder Vishal Garg is seeking to regain control by asking five directors to resign, offering to work for $1 and repurchase $30 million of stock. The board disputes this, citing alleged refusal to sign 10-Q representation letters and potential securities law violations. Better reports Q2 2026 adjusted EBITDA loss of $14M and 11 straight quarters of losses.

Better Home & Finance founder Vishal Garg said he secured shareholder declarations supporting his return plan, including board resignations, a $1 salary until profitability, a $30 million stock buyback and $5 million personal investment, plus a UK banking sale expected to generate about $74 million gross proceeds. Better’s stock fell from $27.30 to $15 after his ouster; the board appointed Daniel Lewis as interim CEO.

Better Home & Finance Holding Co. founder Vishal Garg says he secured shareholder declarations representing a majority of voting power to seek board and leadership changes. The plan includes a $1 salary, $30 million stock repurchase, director resignations, and continued cost cuts and Tinman AI scaling. Better reported Q2 2026 adjusted EBITDA loss of $14M and expects $15M-$18M in Q3 2026.

Better Home & Finance Holding (BETR) reported Q2 2026 loan volume of $1.67B (+38% YoY), total net revenues of $54.7M (+28% YoY), and GAAP net loss of $30.6M. Adjusted EBITDA loss narrowed to $14.0M. Q3 guidance calls for $1.375B to $1.525B loan volume and $49M to $52M net revenue. Management said it will miss adjusted EBITDA breakeven by September and raised cost reductions to over $45M.