Better Therapeutics (BTTX)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.60 mm	6.60 mm	6.60 mm	6.60 mm	6.60 mm	6.60 mm
Cash burn (monthly)	(no burn)	1.31 mm	1.95 mm	2.63 mm	1.98 mm	2.17 mm
Cash used (since last report)	n/a	19.39 mm	28.94 mm	38.97 mm	29.35 mm	32.20 mm
Cash remaining	n/a	-12.79 mm	-22.34 mm	-32.37 mm	-22.75 mm	-25.61 mm
Runway (months of cash)	n/a	-9.8	-11.4	-12.3	-11.5	-11.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

BTTX institutional ownership history Ownership history

36.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	18	18	–
Opened positions	4	0	NEW
Closed positions	4	3	+33.3%
Increased positions	3	4	-25.0%
Reduced positions	3	3	–

13F shares	Current	Prev Q	Change
Total value	1.19 bn	1.15 bn	+3.6%
Total shares	17.42 mm	15.05 mm	+15.8%
Total puts	0.00	100.00	EXIT
Total calls	0.00	84.90 k	EXIT
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
David P. Perry 2015 Trust	11.80 mm	$14.39 mm	+12.7%
Appelbaum, or his successor	2.41 mm	$25.10 mm	0.0%
Mountain Crest Capital	1.39 mm	$2.03 mm	NEW
Farallon Capital Partners	751.76 k	$0.00	0.0%
Vanguard	438.48 k	$473.56 mm	0.0%
Farallon Capital Management	330.62 k	$357.07 mm	-52.7%
Geode Capital Management	121.72 k	$131.46 mm	+113.1%
BLK BlackRock	90.39 k	$97.62 mm	+11.4%
STT State Street	45.20 k	$48.82 mm	0.0%
NTRS Northern Trust	16.70 k	$18.04 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Mountain Crest Capital	1.39 mm	+1.39 mm	NEW
David P. Perry 2015 Trust	11.80 mm	+1.33 mm	+12.7%
Farallon Capital Management	330.62 k	-368.42 k	-52.7%
Geode Capital Management	121.72 k	+64.61 k	+113.1%
Susquehanna International	0.00	-47.52 k	EXIT
Renaissance Technologies	13.40 k	+13.40 k	NEW
Group One Trading	3.00 k	-11.79 k	-79.7%
BLK BlackRock	90.39 k	+9.22 k	+11.4%
Tower Research Capital	4.80 k	-4.35 k	-47.5%
UBS UBS	0.00	-3.95 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BTTX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Jan 24	Perry David P	Common Stock	Grant	Acquire A	No	No	0.1699	1,471,453	250.00 k	1,576,739
18 Dec 23	Perry David P	Common Stock	Grant	Acquire A	No	No	0	3,750	0.00	105,286
18 Dec 23	Richard H Carmona	Common Stock	Grant	Acquire A	No	No	0	3,750	0.00	157,369
18 Dec 23	Parker Geoffrey M.	Common Stock	Grant	Acquire A	No	No	0	3,750	0.00	1,031,805
18 Dec 23	Leslie A. Miller	Common Stock	Grant	Acquire A	No	No	0	3,587	0.00	17,937

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.