What is Beeline Holdings, Inc's earnings per share (EPS)?

Beeline Holdings, Inc (BLNE) reported diluted earnings per share of $-2.23 for fiscal year 2025. This represents a 95.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Beeline Holdings, Inc Financials

BLNE

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Beeline Holdings, Inc (BLNE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BLNE FY2025 2026-05-15

Beeline’s liquidity rebound came from external financing, while much of its apparent balance-sheet strength sits in goodwill.

In FY2025, operating cash burn of -$21.4M was almost matched by financing inflows of $24.9M. That outside funding, not internal cash generation, lifted cash to $3.1M and the current ratio to 1.2x even as the operating model remained deeply cash-negative.

The balance sheet can look conservative because reported equity is large relative to liabilities, but that does not mean it is liquid or self-funding. Goodwill is $33.3M against just $3.1M of cash, so much of the asset base is accounting value rather than near-term funding capacity.

Revenue recovered from $1.1M in FY2024 to $7.8M in FY2025, so the prior year’s collapse was not simply repeated. But the operating loss widened from -$5.2M to -$19.5M, showing the cost base is still far ahead of current activity rather than benefiting from scale.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Beeline Holdings, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Beeline Holdings, Inc has an operating margin of -251.5%, meaning the company retains $-251 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -467.0% the prior year.

Growth

Beeline Holdings, Inc's revenue surged 600.0% year-over-year to $7.8M, reflecting rapid business expansion. This strong growth earns a score of 10/100.

Leverage

Beeline Holdings, Inc carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Beeline Holdings, Inc's current ratio of 1.19 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Beeline Holdings, Inc generated -$21.4M in operating cash flow, capex of $15K consumed most of it, leaving -$21.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Beeline Holdings, Inc generates a -43.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -23.7% the prior year.

Piotroski F-Score Weak

3/9

Beeline Holdings, Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.93x

For every $1 of reported earnings, Beeline Holdings, Inc generates $0.93 in operating cash flow (-$21.4M OCF vs -$23.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-8.6x

Beeline Holdings, Inc earns $-8.6 in operating income for every $1 of interest expense (-$19.5M vs $2.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.8M

YoY+600.0%

5Y CAGR-11.1%

10Y CAGR+12.8%

Beeline Holdings, Inc generated $7.8M in revenue in fiscal year 2025. This represents an increase of 600.0% from the prior year.

EBITDA

-$16.2M

YoY-266.6%

Beeline Holdings, Inc's EBITDA was -$16.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 266.6% from the prior year.

Net Income

-$23.2M

YoY-104.4%

Beeline Holdings, Inc reported -$23.2M in net income in fiscal year 2025. This represents a decrease of 104.4% from the prior year.

EPS (Diluted)

$-2.23

YoY+95.2%

Beeline Holdings, Inc earned $-2.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 95.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$21.5M

Beeline Holdings, Inc generated -$21.5M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$3.1M

YoY+3730.0%

5Y CAGR+29.7%

10Y CAGR+36.0%

Beeline Holdings, Inc held $3.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

28M

YoY+459.1%

Beeline Holdings, Inc had 28M shares outstanding in fiscal year 2025. This represents an increase of 459.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-251.5%

YoY+215.5pp

5Y CAGR-193.0pp

10Y CAGR-99.3pp

Beeline Holdings, Inc's operating margin was -251.5% in fiscal year 2025, reflecting core business profitability. This is up 215.5 percentage points from the prior year.

Net Margin

-298.2%

YoY+722.8pp

5Y CAGR-227.8pp

10Y CAGR-143.4pp

Beeline Holdings, Inc's net profit margin was -298.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 722.8 percentage points from the prior year.

Return on Equity

-43.2%

YoY-19.5pp

Beeline Holdings, Inc's ROE was -43.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 19.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$15K

5Y CAGR-50.9%

10Y CAGR-11.4%

Beeline Holdings, Inc invested $15K in capex in fiscal year 2025, funding long-term assets and infrastructure.

BLNE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.8M+600.0%	$1.1M-89.4%	$10.5M-24.4%	$13.9M+12.0%	$12.4M-11.5%	$14.0M
Cost of Revenue	N/A	N/A	$9.4M-17.5%	$11.4M+20.6%	$9.5M-8.7%	$10.4M
Gross Profit	N/A	N/A	$1.1M-56.5%	$2.4M-16.1%	$2.9M-19.7%	$3.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.5M+215.3%	$2.1M+84.8%	$1.1M-82.6%	$6.4M-5.5%	$6.8M+73.8%	$3.9M
Operating Income	-$19.5M-276.9%	-$5.2M-113.9%	-$2.4M+63.5%	-$6.6M+3.6%	-$6.9M+15.7%	-$8.2M
Interest Expense	$2.3M+1.4%	$2.2M+101.8%	$1.1M-50.0%	$2.2M+76.7%	$1.3M+15.2%	$1.1M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$23.2M-104.4%	-$11.3M-50.4%	-$7.5M+53.7%	-$16.3M-640.7%	-$2.2M+77.7%	-$9.9M
EPS (Diluted)	$-2.23+95.2%	$-46.63+33.8%	$-70.42	$-21.40	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$2.7M+43.6%	$1.9M-19.9%	$2.3M+36.5%	$1.7M-6.3%	$1.8M	N/A	$760K-74.3%	$3.0M
Cost of Revenue	$50K	N/A	N/A	N/A	N/A	N/A	$560K-80.0%	$2.8M
Gross Profit	$2.6M	N/A	N/A	N/A	N/A	N/A	$200K+30.7%	$153K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.9M-58.5%	$4.7M+434.1%	$871K+320.8%	$207K-72.9%	$765K	N/A	$289K+232.2%	$87K
Operating Income	-$5.2M+34.2%	-$7.9M-177.2%	-$2.8M+28.0%	-$3.9M+20.1%	-$4.9M	N/A	-$435K-24.3%	-$350K
Interest Expense	N/A	-$79K-214.5%	$69K-82.2%	$388K-79.5%	$1.9M	N/A	$409K+32.8%	$308K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.3M+36.8%	-$8.4M-113.2%	-$3.9M+3.9%	-$4.1M+40.3%	-$6.8M	N/A	-$1.4M+8.7%	-$1.5M
EPS (Diluted)	$-0.18	N/A	$-0.20	$-0.64+89.6%	$-6.14	N/A	$-6.60+24.5%	$-8.74

BLNE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$70.2M+5.6%	$66.5M+280.5%	$17.5M-18.6%	$21.5M-36.0%	$33.6M+5.8%	$31.7M
Current Assets	$19.4M+93.0%	$10.0M+121.3%	$4.5M-31.5%	$6.6M-53.1%	$14.1M+9.8%	$12.8M
Cash & Equivalents	$3.1M+3730.0%	$80K-73.9%	$306K-57.7%	$723K-77.9%	$3.3M+291.9%	$836K
Inventory	N/A	$1.5M-44.4%	$2.7M-39.5%	$4.4M-31.8%	$6.5M-3.2%	$6.7M
Accounts Receivable	$20K-85.1%	$134K-17.8%	$163K-80.5%	$836K-42.2%	$1.4M+108.4%	$694K
Goodwill	$33.3M0.0%	$33.3M	N/A	N/A	N/A	N/A
Total Liabilities	$16.6M-5.3%	$17.5M+5.5%	$16.6M-27.7%	$23.0M+14.0%	$20.2M-38.6%	$32.8M
Current Liabilities	$16.3M+1.1%	$16.2M+284.1%	$4.2M-67.7%	$13.0M+37.0%	$9.5M-68.6%	$30.3M
Long-Term Debt	N/A	N/A	$8.0M+3.8%	$7.7M-13.6%	$9.0M+62.4%	$5.5M
Total Equity	$53.6M+12.0%	$47.9M+5511.6%	$853K+156.3%	-$1.5M-111.3%	$13.4M+1309.2%	-$1.1M
Retained Earnings	-$125.7M-33.5%	-$94.2M-13.9%	-$82.7M-10.2%	-$75.0M-28.0%	-$58.6M-8.3%	-$54.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$70.3M+0.1%	$70.2M+11.1%	$63.2M-7.9%	$68.6M+7.6%	$63.8M-4.2%	$66.5M+310.0%	$16.2M-2.2%	$16.6M
Current Assets	$20.4M+5.2%	$19.4M+77.0%	$10.9M-25.8%	$14.7M+68.5%	$8.7M-12.9%	$10.0M+99.8%	$5.0M+1.6%	$4.9M
Cash & Equivalents	$1.9M-37.8%	$3.1M+136.6%	$1.3M-79.4%	$6.3M+329.9%	$1.5M+1725.0%	$80K-74.2%	$310K-26.2%	$420K
Inventory	N/A	N/A	N/A	N/A	$1.4M-5.8%	$1.5M-16.7%	$1.8M-41.1%	$3.0M
Accounts Receivable	$60K+200.0%	$20K-51.2%	$41K+24.2%	$33K-82.5%	$189K+41.0%	$134K+27.6%	$105K-89.7%	$1.0M
Goodwill	$33.3M0.0%	$33.3M0.0%	$33.3M0.0%	$33.3M0.0%	$33.3M0.0%	$33.3M	N/A	N/A
Total Liabilities	$19.4M+16.5%	$16.6M+45.2%	$11.4M-12.1%	$13.0M-16.8%	$15.7M-10.8%	$17.5M-6.1%	$18.7M+0.9%	$18.5M
Current Liabilities	$19.2M+17.6%	$16.3M+56.2%	$10.5M-13.4%	$12.1M-17.3%	$14.6M-9.7%	$16.2M-8.4%	$17.6M+2.7%	$17.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$8.2M+0.5%	$8.1M
Total Equity	$50.9M-5.0%	$53.6M+3.6%	$51.7M-5.3%	$54.6M+16.0%	$47.1M-1.6%	$47.9M+2045.8%	-$2.5M-27.2%	-$1.9M
Retained Earnings	-$131.0M-4.2%	-$125.7M-8.5%	-$115.9M-3.5%	-$111.9M-6.0%	-$105.6M-12.2%	-$94.2M-8.3%	-$87.0M-1.6%	-$85.6M

BLNE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$21.4M-563.1%	-$3.2M-77.5%	-$1.8M-107.8%	-$877K+85.3%	-$5.9M-97.9%	-$3.0M
Capital Expenditures	$15K	N/A	$60K-97.6%	$2.5M+842.3%	$265K-49.4%	$524K
Free Cash Flow	-$21.5M	N/A	-$1.9M+44.2%	-$3.4M+45.7%	-$6.2M-76.0%	-$3.5M
Investing Cash Flow	-$1.1M-144.6%	-$451K-533.7%	$104K+104.5%	-$2.3M-172.3%	$3.2M+2239.4%	$137K
Financing Cash Flow	$24.9M+442.2%	$4.6M+225.1%	$1.4M+120.3%	$641K-87.6%	$5.2M+54.2%	$3.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$3.6M+63.8%	-$10.0M-71.4%	-$5.8M-41.4%	-$4.1M-181.1%	-$1.5M+9.8%	-$1.6M-149.7%	-$652K+25.2%	-$872K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$76K-38.2%	-$55K+95.0%	-$1.1M-992.7%	$124K+290.8%	-$65K+88.5%	-$565K-358.0%	$219K+882.1%	-$28K
Financing Cash Flow	$2.5M-79.2%	$11.9M+487.1%	$2.0M-77.7%	$9.1M+394.0%	$1.8M-40.6%	$3.1M+615.5%	$433K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BLNE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	10.1%-7.5pp	17.6%-5.9pp	23.5%-2.4pp	25.9%
Operating Margin	-251.5%+215.5pp	-467.0%-443.9pp	-23.1%+24.8pp	-47.9%+7.8pp	-55.7%+2.8pp	-58.4%
Net Margin	-298.2%+722.8pp	-1021.0%-949.2pp	-71.8%+45.4pp	-117.2%-99.4pp	-17.7%+52.7pp	-70.4%
Return on Equity	-43.2%-19.5pp	-23.7%+859.7pp	-883.4%	N/A	-16.4%	N/A
Return on Assets	-33.0%-16.0pp	-17.0%+26.1pp	-43.1%+32.6pp	-75.7%-69.2pp	-6.5%+24.5pp	-31.1%
Current Ratio	1.19+0.6	0.62-0.5	1.08+0.6	0.51-1.0	1.49+1.1	0.42
Debt-to-Equity	0.31-0.1	0.37-9.1	9.43+14.5	-5.11-5.8	0.67+5.7	-4.98
FCF Margin	-276.2%	N/A	-17.9%+6.4pp	-24.3%+25.8pp	-50.1%-24.9pp	-25.2%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	98.2%	N/A	N/A	N/A	N/A	N/A	26.3%+21.1pp	5.2%
Operating Margin	-191.7%+226.8pp	-418.4%-297.6pp	-120.9%+108.1pp	-229.0%+39.7pp	-268.7%	N/A	-57.2%-45.4pp	-11.9%
Net Margin	-195.8%+249.2pp	-445.0%-277.8pp	-167.2%+70.2pp	-237.3%+135.1pp	-372.4%	N/A	-178.8%-128.4pp	-50.4%
Return on Equity	-10.4%+5.2pp	-15.6%-8.0pp	-7.6%-0.1pp	-7.5%+7.0pp	-14.5%	N/A	N/A	N/A
Return on Assets	-7.5%+4.4pp	-11.9%-5.7pp	-6.2%-0.3pp	-5.9%+4.8pp	-10.7%	N/A	-8.4%+0.6pp	-9.0%
Current Ratio	1.06-0.1	1.19+0.1	1.05-0.2	1.22+0.6	0.60-0.0	0.62+0.3	0.280.0	0.29
Debt-to-Equity	0.38+0.1	0.31+0.1	0.22-0.0	0.24-0.1	0.33-0.0	0.37+3.7	-3.31+0.9	-4.20
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Beeline Holdings, Inc's annual revenue?

Beeline Holdings, Inc (BLNE) reported $7.8M in total revenue for fiscal year 2025. This represents a 600.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Beeline Holdings, Inc's revenue growing?

Beeline Holdings, Inc (BLNE) revenue grew by 600% year-over-year, from $1.1M to $7.8M in fiscal year 2025.

Is Beeline Holdings, Inc profitable?

No, Beeline Holdings, Inc (BLNE) reported a net income of -$23.2M in fiscal year 2025, with a net profit margin of -298.2%.

What is Beeline Holdings, Inc's EBITDA?

Beeline Holdings, Inc (BLNE) had EBITDA of -$16.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Beeline Holdings, Inc's operating margin?

Beeline Holdings, Inc (BLNE) had an operating margin of -251.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Beeline Holdings, Inc's net profit margin?

Beeline Holdings, Inc (BLNE) had a net profit margin of -298.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Beeline Holdings, Inc's return on equity (ROE)?

Beeline Holdings, Inc (BLNE) has a return on equity of -43.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Beeline Holdings, Inc's free cash flow?

Beeline Holdings, Inc (BLNE) generated -$21.5M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Beeline Holdings, Inc's operating cash flow?

Beeline Holdings, Inc (BLNE) generated -$21.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Beeline Holdings, Inc's total assets?

Beeline Holdings, Inc (BLNE) had $70.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Beeline Holdings, Inc's capital expenditures?

Beeline Holdings, Inc (BLNE) invested $15K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Beeline Holdings, Inc have outstanding?

Beeline Holdings, Inc (BLNE) had 28M shares outstanding as of fiscal year 2025.

What is Beeline Holdings, Inc's current ratio?

Beeline Holdings, Inc (BLNE) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.

What is Beeline Holdings, Inc's debt-to-equity ratio?

Beeline Holdings, Inc (BLNE) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Beeline Holdings, Inc's return on assets (ROA)?

Beeline Holdings, Inc (BLNE) had a return on assets of -33.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Beeline Holdings, Inc's cash runway?

Based on fiscal year 2025 data, Beeline Holdings, Inc (BLNE) had $3.1M in cash against an annual operating cash burn of $21.4M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Beeline Holdings, Inc's Piotroski F-Score?

Beeline Holdings, Inc (BLNE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Beeline Holdings, Inc's earnings high quality?

Beeline Holdings, Inc (BLNE) has an earnings quality ratio of 0.93x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Beeline Holdings, Inc cover its interest payments?

Beeline Holdings, Inc (BLNE) has an interest coverage ratio of -8.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Beeline Holdings, Inc?

Beeline Holdings, Inc (BLNE) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.