Garg Unveils 90-Day Turnaround Plan: $2B Volume Target, $30M Buyback, Board Overhaul
BETR sits 19% above its 52-week low of $11.111.
Summary
Vishal Garg released a detailed 90-day turnaround plan for Better Home & Finance, targeting $2B quarterly loan volume, break-even operations, a $30M share buyback, and a complete board overhaul — contingent on shareholders voting to remove five current directors.
Key Events · Corporate Governance and Compliance · BETR
-
90-Day Turnaround Plan Unveiled
Garg's plan targets $2B quarterly funded-loan volume (25% increase), $7M monthly revenue growth at 35% contribution margin, and reduction of monthly cash burn from ~$4M to $0.
-
$30M Share Repurchase Program Proposed
Plan includes a $30M buyback authorization with immediate initial authorization of up to $10M, funded by UK bank sale proceeds, cost savings, and revenue growth — subject to legal requirements and market conditions.
-
Board Overhaul and Governance Reset
Calls for replacing five directors with operational experts; proposed directors would purchase stock equal to 2x their board compensation, with all board pay in stock.
-
CEO Search and UK Bank Sale Timeline
Daversa Partners engaged for permanent CEO search with 120-day appointment goal; UK bank sale targeted within 30 days of board transition, subject to credible counterparty and approvals.
Analysis · BETR · Finance
Vishal Garg's consent solicitation escalates from board removal to a full operational takeover plan with concrete financial targets. The plan promises to cut monthly cash burn from ~$4M to $0, reach $2B quarterly loan volume, and launch a $30M share repurchase program — all contingent on shareholders voting to replace five directors. This is the first time Garg has put specific numbers behind his campaign, giving shareholders a concrete alternative to the current board's strategy. The $30M buyback proposal is particularly notable given the company's $30.6M Q2 loss and Nasdaq non-compliance issues, raising questions about capital allocation priorities. The plan's credibility hinges on execution assumptions — a 25% volume increase, 50% conversion improvement, and $2M+ in monthly cost savings — that are aggressive for a company that just lost its founder-CEO amid board conflict.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BETR was trading at $13.20 on NASDAQ in the Finance sector, with a market capitalization of approximately $250.8M. The 52-week trading range was $11.11 to $94.06. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.