Beeline Reports 37% Q3 2025 Revenue Growth, 9% Expense Reduction and Zero Debt Following Strategic Divestures
Beeline (Nasdaq: BLNE) reported Q3 2025 results for the quarter ended Sept. 30, 2025: net revenues $2.3M (up 37% vs Q2 2025) and originations $69.8M (up 35% vs Q2 2025). The company reduced operating expenses 8% to $5.2M and recognized a one-time disposition expense of $718K. Q3 net loss was $(4.0)M with Adjusted EBITDA of $(2.0)M (improved from $(2.8)M in Q2). Management said Beeline Loans is projected to reach operating profitability in November 2025 and Beeline Holdings by early Q1 2026. The company closed BlockChain fractional equity transactions and reported a loss on extinguishment of debt of $685K, consistent with strategic divestitures that the company says left it debt-free.
Beeline (Nasdaq: BLNE) ha riportato i risultati del Q3 2025 per il trimestre terminato il 30 settembre 2025: ricavi netti di 2,3 milioni di dollari (in aumento del 37% rispetto al Q2 2025) e originazioni di 69,8 milioni di dollari (in aumento del 35% rispetto al Q2 2025). L'azienda ha ridotto le spese operative dell'8% a 5,2 milioni di dollari e ha riconosciuto una onere una tantum di dismissione di 718mila dollari. Il terzo trimestre mostra una perdita netta di $(4,0)M con un EBITDA rettificato di $(2,0)M (migliorato rispetto a $(2,8)M nel Q2). La direzione ha affermato che Beeline Loans è previsto raggiungere la redditività operativa a novembre 2025 e Beeline Holdings entro l'inizio del Q1 2026. L'azienda ha chiuso le transazioni di frazionamento azionario BlockChain e riportato una perdita sull'estinzione del debito di $685K, in linea con desinvesizioni strategiche che, secondo l'azienda, l'hanno lasciata debt-free.
Beeline (Nasdaq: BLNE) informó resultados del tercer trimestre de 2025 para el periodo que terminó el 30 de septiembre de 2025: ingresos netos de 2,3 millones de dólares (un 37% más que el Q2 2025) y originaciones de 69,8 millones de dólares (un 35% más que el Q2 2025). La empresa redujo los gastos operativos un 8% a 5,2 millones de dólares y reconoció un gasto por disposición único de 718 mil dólares. La pérdida neta del Q3 fue de $(4,0)M con un EBITDA ajustado de $(2,0)M (mejorado desde $(2,8)M en Q2). La dirección dijo que Beeline Loans está proyectada a alcanzar la rentabilidad operativa en noviembre de 2025 y Beeline Holdings para principios del primer trimestre de 2026. La empresa cerró transacciones de fracciones de acciones Blockchain y reportó una pérdida por extinguimiento de deuda de $685K, consistente con desinversiones estratégicas que, según la empresa, la dejaron sin deuda.
Beeline (나스닥: BLNE)은 2025년 9월 30일 종료된 2025년 3분기 결과를 발표했습니다: 순매출 230만 달러 (2025년 2분기 대비 37% 증가) 및 발행액 6,98천만 달러 (2025년 2분기 대비 35% 증가). 회사는 운영비를 8% 감소시켜 520만 달러로 낮췄고 일회성 처분 비용 71.8만 달러를 인식했습니다. 3분기 순손실은 $(4.0)M이고 조정 EBITDA는 $(2.0)M로 2분기의 $(2.8)M에서 개선되었습니다. 경영진은 Beeline Loans가 2025년 11월에 영업이익을 달성할 것으로 예상하고 Beeline Holdings는 2026년 1분기 초에 이익을 달성할 것으로 보고했습니다. 회사는 Blockchain 부분의 분할 매매 거래를 종료했고 부채 상환으로 인한 손실 $685K를 보고했는데, 이는 회사가 말한 전략적 매각으로 부채를 남기지 않게 되었다는 흐름과 일치합니다.
Beeline (Nasdaq : BLNE) a publié les résultats du T3 2025 pour le trimestre clos le 30 septembre 2025 : chiffre d'affaires net de 2,3 M$ (en hausse de 37 % par rapport au T2 2025) et originations de 69,8 M$ (en hausse de 35 % par rapport au T2 2025). L'entreprise a réduit ses dépenses d'exploitation de 8 % à 5,2 M$ et a enregistré une dépense ponctuelle de cession de 718 k$. Le résultat net du T3 était une perte de $(4,0)M avec un EBITDA ajusté de $(2,0)M (amélioré par rapport à $(2,8)M au T2). La direction a déclaré que Beeline Loans devrait atteindre la rentabilité opérationnelle en novembre 2025 et Beeline Holdings d'ici le début du premier trimestre 2026. L'entreprise a clos les transactions d’actions fractionnées Blockchain et a enregistré une perte sur l’extinction de la dette de $685K, conforme aux désinvestissements stratégiques qui, selon l'entreprise, l'ont laissée sans dette.
Beeline (Nasdaq: BLNE) hat die Ergebnisse des dritten Quartals 2025 für das Quartal zum 30. September 2025 bekannt gegeben: Nettoumsatz 2,3 Mio. USD (plus 37% gegenüber Q2 2025) und Originations 69,8 Mio. USD (plus 35% gegenüber Q2 2025). Das Unternehmen senkte die Betriebskosten um 8% auf 5,2 Mio. USD und realisierte eine Einmaleinstandsetzung von 718 Tsd. USD. Das Q3-Nettoergebnis betrug $(4,0)M mit einem bereinigten EBITDA von $(2,0)M (verbessert gegenüber $(2,8)M im Q2). Die Geschäftsführung sagte, dass Beeline Loans voraussichtlich im November 2025 die operative Rentabilität erreichen wird und Beeline Holdings bis früh Q1 2026. Das Unternehmen schloss Transaktionen mit Blockchain-Teilaktien ab und meldete einen Verlust aus der Entschuldung von $685K, was mit strategischen Desinvestitionen übereinstimmt, die das Unternehmen laut eigener Angabe schuldenfrei gemacht haben.
Beeline (ناسداك: BLNE) قد أعلنت نتائج الربع الثالث من 2025 للقترة المنتهية في 30 سبتمبر 2025: إيرادات صافية 2.3 مليون دولار (ارتفاع 37% مقابل الربع الثاني 2025) وأصول قيد الإنشاء 69.8 مليون دولار (ارتفاع 35% مقابل الربع الثاني 2025). خفضت الشركة المصروفات التشغيلية بنسبة 8% إلى 5.2 مليون دولار واعتبرت نفقات صرف من نوع واحد بإطفاء دين قدره 718 ألف دولار. كان صافي الخسارة للربع الثالث $(4.0)M مع EBITDA المعدل قدره $(2.0)M (تحسن من $(2.8)M في Q2). وقالت الإدارة إن Beeline Loans من المتوقع أن تصل إلى الربحية التشغيلية في نوفمبر 2025 وBeeline Holdings بحلول مطلع الربع الأول 2026. أغلقت الشركة معاملات أسهم Blockchain الجزئية وأبلغت عن خسارة في إطفاء الدين قدرها $685K، وهو متسق مع التصرفات الاستراتيجية التي قالت إنها تركت الشركة بلا ديون.
- Net revenues +37% vs Q2 2025 to $2.3M
- Originations $69.8M, +35% vs Q2 2025
- Operating expenses reduced 8% to $5.2M
- Adjusted EBITDA improved to $(2.0)M from $(2.8)M
- Company reports debt extinguished after divestitures
- Q3 net loss of $(4.0)M remains
- Operating expenses $5.2M exceed net revenues $2.3M
- One-time disposition expense of $718K reduced cash from operations
Insights
Revenue and originations rose materially, expenses fell, net loss narrowed, and the company reports zero debt after divestitures.
Beeline Holdings (BLNE) reported
The business case is clearer: higher originations and rising monthly momentum (October at
Watch for three concrete, monitorable items in the coming weeks: whether Q4 originations move toward the stated projected increase of approximately
PROVIDENCE, R.I., Nov. 06, 2025 (GLOBE NEWSWIRE) -- via IBN – Beeline Holdings, Inc. (Nasdaq: BLNE), the emerging digital mortgage lender and SaaS platform, today announces financial results for the third quarter ended Sept. 30, 2025.
Financial Highlights
- Q3 2025 originations were
$69.8M up35% vs Q2 2025 - October was the strongest month since the mortgage industry downturn, with
$35.3M in originations, beating September by36% and already representing50% of Q3 2025 total originations with a Q4 2025 projected increase of approximately65% vs Q3 2025 - Q3 2025 net revenues of
$2.3M were up37% vs Q2 2025; Q2 2025 up27% from Q1 2025 - Reduced Q3 2025 operating expenses by
8% to$5.2M vs Q2 2025 of$5.6M - Beeline incurred a one-time disposition expense of the spirits business of
$718 K. Beeline’s net loss for Q3 2025 was$(4.0)M vs Q2 2025 of$(4.1)M and Q1 2025 of$(6.9)M - Adjusted EBITDA, a non-GAAP measure, for Q3 2025 was
$(2.0)M vs$(2.8)M for Q2 2025. See page 2 for a reconciliation to GAAP results of operations - Operating profitability for Beeline Loans is projected in November 2025 and for Beeline Holdings by early in Q1 2026
Other Events
BeelineEquity has closed six BlockChain fractional equity transactions, we have four more cleared for closing and are selecting 25 more to close by the year end. Beeline is currently taking applications for 2026 transactions on its website.
Use of a Non-GAAP Measure
This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental and should not be considered as alternatives to net income (loss), operating income (loss), and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of Beeline nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.
Our management uses and relies on Adjusted EBITDA, a non-GAAP financial measure, to evaluate and assess our core operating results from period-to-period after removing the impact of items that affect comparability. Our management recognizes that the non-GAAP financial measure has inherent limitations because of the excluded items described below.
We have included a reconciliation of our non-GAAP financial measure to the most comparable GAAP financial measure. We believe that providing the non-GAAP financial measure, together with the reconciliation to GAAP, helps investors make comparisons between Beeline and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each.
The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, stock-based compensation, and other one-time items.
The following table presents a reconciliation of net loss to Adjusted EBITDA:
| Three Months Ended | ||||||||
| September 30, 2025 | June 30, 2025 | |||||||
| Net loss | $ | (3,962 | ) | $ | (4,140 | ) | ||
| Interest expense | 69 | 388 | ||||||
| Depreciation and amortization | 831 | 836 | ||||||
| Loss on extinguishment of debt | 685 | - | ||||||
| Net loss from discontinued operations | 383 | 138 | ||||||
| Adjusted EBITDA | $ | (1,994 | ) | $ | (2,778 | ) | ||
About Beeline Holdings, Inc.
Beeline is a next-generation mortgage and home-equity company simplifying 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. For more, visit www.makeabeeline.com.
Conference Call
Date and Time: Monday, Nov. 10, 2025, at 5:00 pm ET
The call will be led by Nick Liuzza, Chief Executive Officer, and Chris Moe, Chief Financial Officer.
Participants may join the call by dialing in using the information provided below or by accessing the live webcast via the following link:
Participant Dial In (toll free): 1-800-715-9871
Participant International Dial In: 1-646-307-1963
Listen only link: https://www.gowebcasting.com/14385
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected impact of key performance indicators, timing of operating profitability, and closing of fractional sales. Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” believe,” “estimate,” “forecast,” “project,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect, the state of the U.S. economy including deterioration of the job market in the U.S., inflation and interest rates, the future of U.S. tariff policy, our need for additional capital to meet future goals and milestone targets, our ability to attract homeowners to our products and services, the demand for and success of the fractional sale of equity transactions and our collaboration with a related party entity with respect thereto, the ability of us and third parties on which we depend to comply with applicable regulatory requirements, the risk that software and technology infrastructure on which we depend fail to perform as designed or intended, and the Risk Factors contained in our Form 10-K filed April 15, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Investor Contact:
investors@makeabeeline.com
Media Contact:
press@makeabeeline.com
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FAQ
What were Beeline (BLNE) Q3 2025 revenues and how did they change vs Q2 2025?
How much did Beeline (BLNE) originate in Q3 2025 and what was the quarterly change?
Is Beeline (BLNE) profitable and when does management expect profitability?
What happened to Beeline (BLNE) debt after the strategic divestitures?
How did Beeline (BLNE) control costs in Q3 2025?
What is Beeline's Adjusted EBITDA for Q3 2025 and how did it change?
Did Beeline (BLNE) record any one-time items in Q3 2025?
