Beeline Holdings, Inc. (NASDAQ: BLNE) reported financial results for the first quarter of 2026, showing significant revenue growth and improved loss metrics. The company achieved net revenue of $2.7 million, more than doubling from $1.2 million in the prior-year period. This growth was driven by a substantial increase in loan originations, which reached $85.6 million across 288 loans, compared to $39.8 million across 128 loans a year earlier.
Beeline reported a net loss of $5.3 million, an improvement from a 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 in the prior-year quarter. The company attributed the improved metrics to continued expansion of its capital-light BeelineEquity platform and reiterated its goal of reaching a $100 million revenue run rate by the end of 2027.
Beeline is a next-generation mortgage and home equity service company that aims to simplify the path to homeownership and liquidity. By combining blockchain technology, automation, and a customer-first digital experience, Beeline makes financing a home or unlocking its value faster, fairer, and more transparent. The company's focus on technology and efficiency is central to its strategy for scaling operations and achieving profitability.
The results underscore Beeline's progress in capturing market share in the mortgage and home equity space. The doubling of loan originations and revenue indicates strong demand for its services and the effectiveness of its digital platform. Investors and industry observers will be watching closely to see if the company can sustain this momentum and meet its ambitious revenue target.
For more details, the full press release is available at https://ibn.fm/Qt5c5. The latest news and updates relating to BLNE can be found in the company's newsroom at https://ibn.fm/BLNE.
