Beeline Holdings, Inc. (NASDAQ: BLNE) reported first-quarter 2026 net revenue of $2.7 million, more than doubling from $1.1 million in the prior-year period. The growth was driven by loan originations of $85.6 million across 288 loans, compared with $39.8 million across 128 loans a year earlier. The company reported a net loss of $5.3 million, improved from $6.9 million in the prior-year quarter, while adjusted EBITDA loss narrowed to $3.0 million from $3.8 million.
The results reflect Beeline's continued expansion of its capital-light BeelineEquity platform, which leverages blockchain technology and automation to streamline the mortgage and home equity process. The company reiterated its goal of reaching a $100 million revenue run rate by the end of 2027. "Our first-quarter results demonstrate the scalability of our platform and the growing demand for our services," said a company spokesperson.
Beeline is a next-generation mortgage and home equity service company that simplifies the path to homeownership and liquidity. By combining blockchain technology, automation, and a customer-first digital experience, Beeline aims to make financing a home faster, fairer, and more transparent. The company's platform enables capital-light operations, reducing its exposure to interest rate fluctuations and allowing it to scale efficiently.
The improvement in loss metrics, despite higher operating expenses associated with growth, signals progress toward profitability. The company's net loss per share improved to $0.27 from $0.49 in the prior-year quarter, while adjusted EBITDA loss per share narrowed from $0.27 to $0.15. Beeline's focus on technology-driven efficiencies is expected to continue driving margin improvements as loan volumes increase.
The full press release is available at https://ibn.fm/Qt5c5. For more information on Beeline Holdings, visit their newsroom at https://ibn.fm/BLNE.
