Beeline Holdings (BLNE) investor relations material

Executive summary

• Achieved first positive cash flow month in October 2025 for the lending subsidiary, with a 91% increase in monthly closed loan units since January while maintaining flat production payroll, demonstrating scalability of the digital mortgage platform.

• Completed merger and rebranding, shifting focus to AI-driven fintech mortgage lending and title services, with discontinued operations in spirits and canning businesses.

• Launched a unique fractional equity sale business leveraging blockchain, with strong early demand and plans to close 30 transactions by year-end, targeting a large untapped market.

• Launched new SaaS platform (BlinkQC) and entered the blockchain-based real estate equity market via BeelineEQUITY, generating initial revenues.

• Became debt-free in September 2025, meeting a key financial goal ahead of schedule and positioning for cash flow positivity by Q1 2026, reducing the need for additional capital raises.

Financial highlights

• Q3 2025 net revenues reached $2.3 million, with $5.4 million for the nine months year-to-date, primarily from mortgage activities (78% of revenue).

• Net loss from continuing operations was $14.3 million for the nine months, up from $2.1 million in the prior year, reflecting expanded operations and merger effects.

• Adjusted EBITDA for the nine months was $(8.4) million, compared to $(1.0) million in the prior year.

• Ended Q3 with $1.3 million in cash (up from $872,000 at year-end 2024); $13 million net cash provided by financing activities year-to-date.

• Q3 operating expenses were $5.2 million, resulting in a loss from operations of $2.8 million, an improvement from Q2's $4 million loss.

Outlook and guidance

• Confident in achieving company-wide positive cash flow and operating profitability by early Q1 2026, driven by new product launches and expense control.

• Management anticipates rapid revenue and loan origination growth, supported by expanded credit facilities and new product launches.

• Ongoing investment in technology and SaaS offerings expected to drive incremental revenue.

• Expect continued robust growth in Q4 and beyond, with higher marketing spend as unit economics improve and new products scale.

• Cautious outlook due to persistent inflation, interest rate uncertainty, and regulatory risks.