Assets and Liabilities Held for Sale

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

8. Assets and Liabilities Held for Sale

During the fourth quarter of 2024, management enacted a plan to sell several entities in the U.K. which are being actively marketed, are available for sale in their current respective conditions, and management expects to complete the respective sales within the year and all criteria included in Note 2 have been met. The following table represents summarized balance sheet information of assets and liabilities held for sale:


(Amounts in thousands)	September 30, 2025		December 31, 2024
Cash and cash equivalents	$	1,471	$	3,814
Restricted cash	4,513		3,868
Mortgage loans held for sale, at fair value	1,965		1,721
Other receivables, net	838		1,244
Property and equipment, net	—		35
Internal use software and other intangible assets, net	2,358		2,203
Goodwill	712		1,112
Prepaid expenses and other assets	359		634
Write down of assets to fair value less cost to sell	(4,520)		(4,220)
Total assets held for sale	$	7,696	$	10,411

Accounts payable and accrued expenses	404		1,684
Escrow payable and other customer accounts	4,513		3,868
Other liabilities	254		564
Total liabilities held for sale	$	5,171	$	6,116

For the nine months ended September 30, 2025, the Company recorded a write down of the disposal group to fair value, less cost to sell, in the amount of $0.4 million which is included in other expenses/(income) on the condensed consolidated statements of operations and comprehensive loss. For the nine months ended September 30, 2025, the Company recorded goodwill impairment relating to the entities in the U.K. classified as held for sale of $0.5 million which is included within other expense/(income) in the condensed consolidated statements of operations and comprehensive loss. No additional write downs were recorded for the three months ended September 30, 2025 and 2024.

During the third quarter of 2025, the Company completed the sale of its Trussle Lab Ltd subsidiary, which had previously been classified as held for sale. In connection with the transaction, and pursuant to a settlement agreement executed in September 2025 between Better Finance Ltd (a subsidiary of the Company) and Onedome Finance Ltd, the Company paid $1.6 million (£1.2 million) to transfer ownership and settle all related obligations associated with the entity. As a result of this transaction, the Company recognized a loss on disposal of $0.7 million (£0.5 million), which is included within other expense/(income) in the condensed consolidated statements of operations and comprehensive loss.