Beeline Holdings Inc (BLNE)
NASDAQ:BLNE
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Beeline Holdings
(NASDAQ:BLNE)
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Rating:43Neutral
Price Target:
$1.00
▼(-63.50% Downside)
Action:Reiterated
Date:06/02/26
The score is held down primarily by very weak financial performance (deep losses and heavy cash burn) and bearish technicals (below key moving averages with negative MACD). The earnings call provides some offset via improving operating trajectory and cost-reduction plans, but near-term liquidity and execution risks remain significant, and valuation support is limited due to negative earnings.
Positive Factors
Capital-light BeelineEquity unit economics
BeelineEquity is a capital-light product with reported unit economics (~3.5% of transaction value plus ~$1,500 title revenue). If scaled, it can add higher-margin, fee-based revenue uncoupled from interest rates, improving long-term revenue mix and margin stability as volume grows.
Negative Factors
Large ongoing cash burn
Sustained negative operating and free cash flow creates a structural financing need; with quarterly cash burn exceeding cash on hand, the company will likely require recurring external funding. This persistent cash consumption raises dilution and execution risk and constrains investment in growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital-light BeelineEquity unit economics
BeelineEquity is a capital-light product with reported unit economics (~3.5% of transaction value plus ~$1,500 title revenue). If scaled, it can add higher-margin, fee-based revenue uncoupled from interest rates, improving long-term revenue mix and margin stability as volume grows.
Read all positive factors
Beeline Holdings (BLNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$39.29M
Dividend YieldN/A
Average Volume (3M)864.12K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees91
SectorFinancial
Sector Strength70
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)-3.17
Shares Outstanding31,178,713
10 Day Avg. Volume1,132,914
30 Day Avg. Volume864,123
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.45
Price to Sales (P/S)3.13
P/FCF Ratio-1.12
Enterprise Value/Market Cap0.69
Enterprise Value/Revenue2.88
Enterprise Value/Gross Profit55.65
Enterprise Value/Ebitda-1.55
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.12
Revenue Forecast (FY)$27.98M
Beeline Holdings Business Overview & Revenue Model
Company Description
Beeline Holdings, Inc. engages in the fintech mortgage lending business. It servers property investors and buyers. The company was founded in 2019 and is based in Providence, Rhode Island....
How the Company Makes Money
null...
Beeline Holdings Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The call conveyed meaningful operational progress and validation of strategic initiatives (notably accelerating revenue growth, validated BeelineEquity workflow, early AI-driven conversion improvements, and announced cost reductions). However, the company remains unprofitable with negative adjusted EBITDA, limited cash on hand ($1.9M), quarterly cash burn ($3.6M), and dependence on short-term capital levers while scaling new, capital-light revenue streams. The narrative is constructive about trajectory but balanced by near-term liquidity and execution risks.Positive Updates
Revenue Growth
Total revenue rose to $2.7 million in Q1 FY2026 from $1.4 million in the prior-year period, an increase of approximately 93% YoY, driven by gains on sale ($1.8M), origination fees ($395k), Title ($380k) and initial BeelineEquity contribution (~$50k).
Negative Updates
Continued GAAP Losses and Negative Adjusted EBITDA
Despite improvements, the company remains unprofitable: net loss of $5.3M and adjusted EBITDA loss of $3.0M in Q1, meaning material losses continue while scale and margin expansion are pursued.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total revenue rose to $2.7 million in Q1 FY2026 from $1.4 million in the prior-year period, an increase of approximately 93% YoY, driven by gains on sale ($1.8M), origination fees ($395k), Title ($380k) and initial BeelineEquity contribution (~$50k).
Read all positive updates
Company Guidance
The company guided toward continued revenue growth, a higher-margin mix and improving operating leverage with a target $100 million revenue run rate by end-2027, and said it is targeting a meaningful reduction in monthly cash burn in 2026 driven in part by run-rate cost cuts of ≈$210k/month (≈$2.5M/year). Q1 was presented as a step forward—total revenue $2.7M (vs. $1.4M prior year) with gain on sale $1.8M, origination fees $395k, Title $380k, BeelineEquity ~$50k and other $51k—while operating expenses were $7.9M (incl. ≈$1M stock comp), compensation $3M, G&A $1.9M, marketing $1M, loss from operations $5.2M and net loss $5.3M. Adjusted EBITDA was a loss of $3.0M, improving from a $3.8M loss (narrowing $800k, or 21% YoY). Balance sheet and liquidity priorities include reducing cash burn (Q1 operating cash used $3.6M), managing cash of $1.9M, loans held for sale $17.3M, equity ≈$51M, no corporate debt, and tapping capital levers used in Q1 (HELOC ~$945k drawdowns and ATM ~$447k). Product and tech guidance: scale BeelineEquity (unit economics ~3.5% of transaction value + Title revenue ≈$1,500/close; revenue-neutral to interest rates; initial scaling expected in coming quarters/Q3), sharpen mix toward DSCR (margins ≈4%), bank-statement and non‑QM (40–50% higher revenue per transaction than conventional), expand AI/automation (Bob chatbot +8% lead-to-lock; self‑service flow +131% app-to-lock pull‑through), and expect both net loss and adjusted EBITDA to continue improving as cost cuts and higher‑margin, capital‑light revenue scale.Beeline Holdings Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.37M | 7.77M | 3.91M | 3.79M | 13.88M | 12.39M |
| Gross Profit | 485.00K | 1.40M | 1.69M | -196.00K | 2.44M | 2.91M |
| EBITDA | -17.40M | -15.90M | -3.12M | -3.54M | -12.53M | -3.56M |
| Net Income | -20.58M | -22.12M | -11.33M | -7.54M | -16.27M | -2.20M |
Balance Sheet | ||||||
| Total Assets | 70.26M | 70.22M | 66.52M | 17.48M | 21.48M | 33.56M |
| Cash, Cash Equivalents and Short-Term Investments | 1.99M | 3.06M | 391.00K | 403.00K | 723.00K | 3.28M |
| Total Debt | 17.12M | 15.00M | 14.18M | 13.89M | 19.01M | 18.84M |
| Total Liabilities | 19.35M | 16.61M | 17.55M | 16.63M | 22.99M | 20.16M |
| Stockholders Equity | 50.90M | 53.61M | 47.87M | 853.00K | -1.52M | 13.40M |
Cash Flow | ||||||
| Free Cash Flow | -23.86M | -21.69M | -3.30M | -2.03M | -3.37M | -6.21M |
| Operating Cash Flow | -23.60M | -21.44M | -3.23M | -1.84M | -877.00K | -5.95M |
| Investing Cash Flow | -1.11M | -1.10M | -451.00K | 104.00K | -2.32M | 3.21M |
| Financing Cash Flow | 25.53M | 24.89M | 4.59M | 1.41M | 641.00K | 5.18M |
Beeline Holdings Technical Analysis
Negative
2.74
Price Trends
1.91
Negative
2.41
Negative
2.44
Negative
Market Momentum
-0.22
Negative
37.05
Neutral
60.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLNE, the sentiment is Negative. The current price of 2.74 is above the 20-day moving average (MA) of 1.53, above the 50-day MA of 1.91, and above the 200-day MA of 2.44, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 37.05 is Neutral, neither overbought nor oversold. The STOCH value of 60.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLNE.
Beeline Holdings Risk Analysis
Beeline Holdings disclosed 31 risk factors in its most recent earnings report. Beeline Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beeline Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $75.71M | 110.84 | 0.38% | 0.90% | 4.89% | -71.27% | |
50 Neutral | $359.46M | -1.50 | -32.00% | 2.00% | -20.40% | -2543.31% | |
45 Neutral | $36.65M | -14.04 | -151.77% | ― | 56.30% | 22.45% | |
44 Neutral | $13.49M | -17.90 | -1.79% | ― | -1.58% | -18.18% | |
43 Neutral | $39.29M | -1.88 | -39.03% | ― | ― | ― |
* Financial Sector Average
BLNE
Beeline Holdings
1.26
0.38
43.18%
DIT
Amcon Distributing Company
77.57
8.84
12.86%
BRID
Bridgford Foods
7.30
-0.44
-5.71%
MGPI
MGP Ingredients
16.82
-12.11
-41.86%
WVVI
Willamette Valley Vineyards
2.71
-3.26
-54.61%
BRFH
Barfresh Food Group
2.27
-0.26
-10.28%
Beeline Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
Beeline Holdings Director Resignation Marks Post-Merger Governance Shift
Neutral
May 28, 2026
Beeline Holdings, Inc. reported that board member Eric Finnsson notified the company on May 21, 2026, of his decision to resign from the Board of Directors effective June 30, 2026, and stated that his departure was not due to any disagreement over...
Business Operations and StrategyM&A Transactions
Beeline Holdings Moves to Fully Acquire MagicBlocks
Positive
May 28, 2026
On May 28, 2026, Beeline Holdings, Inc. announced that it entered into a non-binding Letter of Intent to acquire the remaining 52.4% of MagicBlocks, an AI-driven real estate technology firm in which it already holds a 47.6% stake. Under the contem...
Business Operations and Strategy
Beeline Forms Special Committee to Explore Strategic Options
Neutral
May 18, 2026
On May 15, 2026, Beeline Holdings, Inc.’s board formed a special committee of independent, disinterested directors to evaluate strategic opportunities, including a potential related-party transaction with TTYL, a privately held company led b...
Business Operations and StrategyFinancial Disclosures
Beeline Holdings Schedules Q1 2026 Stakeholder Update Call
Neutral
Apr 21, 2026
On April 21, 2026, Beeline Holdings, Inc. announced plans to host a stakeholder update call to discuss its financial results for the first quarter of 2026. Scheduled for May 14, 2026, at 5:00 p.m. ET, the call will be led by Chief Executive Office...
Business Operations and StrategyRegulatory Filings and Compliance
Beeline Holdings Retires Series A Preferred, Simplifies Capital
Positive
Mar 20, 2026
On March 18, 2026, Beeline Holdings, Inc. entered into an agreement with the holder of its Series A Convertible Redeemable Preferred Stock to exchange the remaining 4,425,102 preferred shares for 983,356 shares of common stock, based on the Series...
Business Operations and StrategyProduct-Related Announcements
Beeline Holdings Launches AI-Powered Self-Service Mortgage Platform
Positive
Mar 13, 2026
On March 13, 2026, Beeline Holdings announced the launch of its Self-Service Mortgage Experience, a new 24/7 digital pathway allowing eligible borrowers seeking conventional mortgages to explore personalized rate options and lock rates without spe...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Beeline Launches Tokenized Fractional Home Equity Platform
Positive
Mar 12, 2026
On March 12, 2026, Beeline Holdings announced a strategic partnership with blockchain-based platform TYTL Corp. to launch BeelineEquity, a tokenized, deed-recorded fractional home equity product targeting U.S. residential properties valued at $1 m...
Business Operations and StrategyPrivate Placements and FinancingProduct-Related Announcements
Beeline Advances Real Estate Tokenization Through TYTL Partnership
Positive
Mar 11, 2026
On March 11, 2026, Beeline Holdings disclosed that related-party partner TYTL Corp. had closed a seed funding round led by Strobe Ventures with participation from Fifth Era and launched a Solana-based, blockchain-native platform for tokenizing fra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.