Beeline Holdings, Inc. (NASDAQ: BLNE) reported financial results for the first quarter of 2026, showing significant revenue growth and improved loss metrics. The company posted net revenue of $2.7 million, more than double the $1.3 million reported in the prior-year period, driven by a sharp increase in loan originations. Beeline originated $85.6 million across 288 loans in the quarter, compared with $39.8 million across 128 loans a year earlier.
Net loss for the quarter was $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. The company attributed the improvements to its expanding capital-light platform, BeelineEquity, and continued operational efficiencies.
Beeline reiterated its goal of reaching a $100 million revenue run rate by the end of 2027. The company is a next-generation mortgage and home equity service provider that combines blockchain technology, automation, and a digital-first customer experience to simplify home financing and liquidity. According to the full press release, the company is focused on making financing a home faster, fairer, and more transparent.
The results underscore Beeline's progress in scaling its operations while managing costs. The company's loan origination volume more than doubled, reflecting strong demand for its services. The improved loss metrics indicate that the company is moving toward profitability, with adjusted EBITDA loss narrowing by 21% year-over-year.
Beeline's use of blockchain technology aims to reduce friction in the mortgage process, potentially offering a competitive advantage in a market that is increasingly embracing digital solutions. The company's capital-light model through BeelineEquity allows it to expand without the heavy capital requirements typical of traditional mortgage lenders.
Investors can find the latest news and updates on BLNE in the company's newsroom.