Beeline (BLNE) investor relations material

Executive summary

• Revenues increased 57% year-over-year in Q2 2026, reaching $2.6 million, with net loss narrowing 24% sequentially and cash burn dropping to $1.7 million.

• Product mix shifted toward higher-margin non-QM loans, driving record margins and revenue per loan.

• Acquisition of MagicBlocks completed, enhancing in-house AI capabilities for sales and workflow automation.

• Proposed all-stock merger with TYTL Holdings announced, aiming to expand into fractional home equity, blockchain-enabled residential equity, and digital securities.

• CEO invested $500,000 of personal funds via a convertible note at $1.50 per share, above-market pricing.

Financial highlights

• Q2 net revenue was $2.6 million, up 57% year-over-year.

• Net loss was $4 million, improving by $1.2 million (24%) sequentially; adjusted EBITDA loss narrowed to $2.6 million.

• Operating expenses were $7.1 million, down 10% sequentially from Q1; June expenses were $369,000 less than May.

• Cash and equivalents at quarter end were $1.4–$1.5 million; net cash used in operations for the first half was $1.5 million, a 74% improvement year-over-year.

• Ended Q2 with $50.5 million in shareholders' equity and no corporate debt.

Outlook and guidance

• Focus remains on growing revenue per transaction, increasing higher-margin and capital-light revenue streams, and maintaining cost discipline.

• No formal financial guidance provided; management expects continued progress in Q3 and July revenue and operating margin are expected to be the highest since inception.

• Anticipates the TYTL merger could accelerate revenue growth and move the company closer to breakeven.