BeelineEquity platform advancing as a capital light, fee-based complement to core lending
Management to host conference call on May 14 at 5 p.m.ET to review results and discuss outlook
Providence, Rhode Island – May 14, 2026 – Beeline Holdings, Inc. (Nasdaq: BLNE), the emerging digital mortgage lender and fractional equity platform, today announced financial results for the first quarter ended March 31, 2026.
Financial Highlights
- Net revenue of $2.7 million, more than doubling year-over-year and increasing approximately 7% sequentially
- Q1 2026 loan originations of $85.6 million across 288 loans, compared to $39.8 million across 128 loans in the prior year period
- Operating expenses of $7.9 million, including approximately $1.0 million in non-cash stock-based compensation; excluding stock-based compensation, operating expenses increased 18% on 116% revenue growth [Excluding non-cash stock-based compensation is a non-GAAP financial measure. See reconciliation below.]
- Net loss of $5.3 million, narrowing from $6.9 million in the prior year period, a 24% improvement year-over-year
- Adjusted EBITDA, a non-GAAP financial measure, loss of $3.0 million, narrowed from $3.8 million in the prior year period, a 22% improvement year-over-year
- Continued progress on the BeelineEquity platform, with more transactions completed in the first quarter and the full operating infrastructure built and integrated to support future scaling
- Ended the first quarter with $1.9 million in cash and $50.9 million in shareholders’ equity, with no corporate debt
- The Company continues to target a $100 million revenue run rate as it exits 2027
Management Commentary
“The first quarter demonstrated encouraging progress, with revenue more than doubling year-over-year, transaction-level economics improving, and our net loss and Adjusted EBITDA loss narrowing,” commented Nick Liuzza, Co-Founder and Chief Executive Officer of Beeline. “We are growing both transaction volume and revenue per transaction, and together those trends are building a more scalable, less rate-dependent housing finance platform. We continue to target a $100 million revenue run rate as we exit 2027, and our increasingly diversified revenue streams support this goal.”
Liuzza continued, “BeelineEquity represents a different revenue model for us. We earn 3.5% per transaction plus title revenue and carry no balance sheet risk. We monetize transactions rather than interest rate spreads. As this capital-light, fee-based offering scales alongside our core lending platform, we expect it to be a key driver of long-term margin expansion.”
Conference Call
Beeline will host a conference call to discuss its first quarter 2026 results on Thursday, May 14, 2026, at 5 p.m. ET. The call will be led by Nick Liuzza, Chief Executive Officer, Jess Kennedy, Chief Operating Officer, and Chris Moe, Chief Financial Officer.
Participants may join via webcast or by phone using the details below:
Listen-only webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=lhQu88bn
Toll-Free Dial-In (U.S.): 877-317-6789
International Dial-In: 412-317-6789
Use of Non-GAAP Measures
This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental and should not be considered as alternatives to net income (loss), operating income (loss), and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of Beeline nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.
Our management uses and relies on Adjusted EBITDA, a non-GAAP financial measure, to evaluate and assess our core operating results from period-to-period after removing the impact of items that affect comparability. Our management recognizes that the non-GAAP financial measure has inherent limitations because of the excluded items described below. We also review our operating metrics without including stock-based compensation, which is another non-GAAP financial measure.
We have included a reconciliation of our non-GAAP financial measure to the most comparable GAAP financial measure. We believe that providing the non-GAAP financial measure, together with the reconciliation to GAAP, helps investors make comparisons between Beeline and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each.
The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, stock-based compensation, and other one-time items.
