Beeline Holdings Posts Q2 Loss, Revenue Misses Estimate, but Funded Loan Volume Rises 31%

Beeline Holdings reported Q2 GAAP net loss of $4.1 million, a $2.8 million loss in adjusted EBITDA, and revenue of $1.7 million, which missed estimates by $0.6 million but improved 27% from Q1. Funded loan volume increased 31% to $52 million, while cash on hand was $6.3 million and equity stood at $55 million.

Beeline Holdings, Inc. (NASDAQ: BLNE), a digital mortgage lender and SaaS platform, reported its second-quarter 2025 financial results on August 14, 2025. The company's GAAP net loss was $4.1 million, a reduction of $2.8 million from the $3.5 million loss in the first quarter. Adjusted EBITDA also improved, showing a $2.8 million loss compared to the $3.5 million loss in Q1 2025. Revenue for the quarter was $1.7 million, which missed analyst expectations by $0.6 million but represented a 27% increase from the previous quarter.

Funded loan volume increased by 31% to $52 million, demonstrating a strong sequential growth. The company's cash on hand stood at $6.3 million, while equity was at $55 million. Beeline Holdings has been actively reducing its debt, paying down $2.7 million in the second quarter and $6.2 million year-to-date. Total debt, excluding warehouse facilities, was $0.8 million at the end of the quarter.

The company also reported significant progress in product development and launches. The introduction of its BeelineEQUITY platform, designed for fractional equity sales in residential real estate, saw the closure of its first transaction. The company expects to close 10 more transactions by October when a full-scale rollout is planned. The platform is supported by a crypto-issuing partner, which is not tied to interest rates.

Operating expenses for the quarter were $5.6 million, including $2.2 million for salaries and benefits, $1.2 million in professional fees, $0.8 million in marketing, and $0.8 million in non-cash depreciation. Recurring monthly expenses were reduced by $0.3 million, which will be fully realized in September.

Management projects monthly operating profitability by January 2026 and aims to be debt-free by November 1, excluding the warehouse facility to fund loans. Investors should continue to monitor the execution risks associated with the platform's new fintech initiatives, as well as continued debt reduction and progress towards profitability.

References:
[1] https://www.mitrade.com/insights/news/live-news/article-8-1041438-20250815
[2] https://www.marketscreener.com/news/beeline-holdings-reports-q2-2025-results-highlights-include-improved-revenue-reduced-debt-and-sign-ce7c51d9df89f525