Beeline Holdings, Inc. (NASDAQ: BLNE) announced financial results for the first quarter of 2026, highlighting significant revenue growth and improved loss metrics. The company reported net revenue of $2.7 million for the quarter, more than doubling from $1.1 million in the same period last year. This growth was fueled by a sharp increase in loan originations, which reached $85.6 million across 288 loans, compared to $39.8 million across 128 loans in the prior-year quarter.
Despite the revenue surge, Beeline reported a net loss of $5.3 million for the quarter, an improvement from the net loss of $6.9 million in the first quarter of 2025. Adjusted EBITDA loss also narrowed to $3.0 million from $3.8 million, reflecting the company's ongoing efforts to streamline operations and scale its capital-light BeelineEquity platform. The company reiterated its goal of achieving a $100 million revenue run rate by the end of 2027.
Beeline's next-generation mortgage and home equity service company combines blockchain technology, automation, and a customer-first digital experience to simplify homeownership and liquidity. The company's platform aims to make financing a home or unlocking its value faster, fairer, and more transparent.
For more details, the full press release is available at https://ibn.fm/Qt5c5. Investors seeking the latest news and updates on BLNE can visit the company's newsroom at https://ibn.fm/BLNE.
