Beeline Holdings, Inc. (NASDAQ: BLNE) reported financial results for the first quarter of 2026, showing significant revenue growth and improved loss metrics as the company continues to scale its operations. The company generated net revenue of $2.7 million, more than double the $1.3 million reported in the same period last year. This growth was driven by loan originations of $85.6 million across 288 loans, compared to $39.8 million across 128 loans in the prior-year quarter.
The company reported a net loss of $5.3 million, improving from a net loss of $6.9 million in the first quarter of 2025. Adjusted EBITDA loss narrowed to $3.0 million from $3.8 million in the prior-year period. These improvements reflect Beeline's ongoing efforts to expand its capital-light BeelineEquity platform, which aims to streamline home equity lending through blockchain technology and automation.
Beeline reiterated its goal of reaching a $100 million revenue run rate by the end of 2027, underscoring the company's focus on long-term growth. The company's strategy centers on simplifying the path to homeownership and liquidity by combining blockchain technology, automation, and a customer-first digital experience. This approach 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 regarding BLNE can access the company's newsroom at https://ibn.fm/BLNE.
