BLNE

MKT CAP:$19M

Beeline Holdings, Inc.

Market Cap

$19M

Consumer Defensive·Beverages - Wineries & Distilleries·🇺🇸 United States·NASDAQ

Consumer Def.·Beverages·🇺🇸·NASDAQ

Stock Price

$2.14+$0.29 (+15.68%)

Apr 22, 2026

Company Details

Beeline Holdings, Inc. engages in the fintech mortgage lending business. It servers property investors and buyers. The company was founded in 2019 and is based in Providence, Rhode Island.

CEO

Nicholas R. Liuzza Jr.

IPO Date

Jan 3, 2017

Website

www.makeabeeline.com

Key Metrics TTM

Revenue

$8M

-41.2% YoY

Net Income

-$7M

EPS (Diluted)

-$60.14

Free Cash Flow

-$3M

Revenue / Share

$43.82

Gross Margin

2.4%

Operating Margin

-54.0%

Net Margin

-97.1%

FCF Margin

-34.4%

P/S

2.4x

P/E

—

Earnings Reports

Q2 2024

Aug 14, 2024

$0-100.0%EPS -$8.74

FY 2023

Apr 30, 2024

$10M-24.4%EPS -$69.10

Q4 2023

Apr 30, 2024

$2M-13.3%EPS -$12.50

Q3 2023

Sep 29, 2023

$3M+0.2%EPS -$19.70

Q2 2023

Aug 14, 2023

$3M-45.2%EPS -$19.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$4M	$1M	-$2M
Q3 20	$4M	$1M	-$2M
Q4 20	$3M	$73.0K	-$2M
Q1 21	$3M	$543.0K	-$2M
Q2 21	$3M	$909.0K	-$1M
Q3 21	$3M	$860.0K	-$2M
Q4 21	$3M	-$128.0K	-$2M
Q1 22	$4M	$947.0K	-$2M
Q2 22	$5M	$1M	-$1M
Q3 22	$3M	$190.0K	-$2M
Q4 22	$2M	-$148.0K	-$2M
Q1 23	$3M	$641.0K	-$1M
Q2 23	$3M	$26.0K	-$1M
Q3 23	$3M	$512.0K	-$662.0K
Q4 23	$2M	-$352.0K	-$2M
Q2 24	$0	$0	-$350.0K

Valuation

Quarter	P/S	P/E
Q2 20	1.3x	—
Q3 20	1.1x	—
Q4 20	0.9x	—
Q1 21	1.4x	—
Q2 21	2.6x	—
Q3 21	2.8x	—
Q4 21	2.2x	—
Q1 22	1.1x	—
Q2 22	0.7x	—
Q3 22	0.3x	—
Q4 22	0.3x	—
Q1 23	0.4x	—
Q2 23	0.3x	—
Q3 23	0.3x	—
Q4 23	0.2x	—
Q2 24	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$788.8K	-$906.5K
Q3 20	-$721.5K	-$981.5K
Q4 20	-$176.8K	-$286.8K
Q1 21	$1M	$1M
Q2 21	-$2M	-$2M
Q3 21	-$2M	-$3M
Q4 21	-$3M	-$3M
Q1 22	-$136.0K	-$2M
Q2 22	$407.0K	-$701.0K
Q3 22	-$120.0K	-$118.0K
Q4 22	-$1M	-$1M
Q1 23	-$428.0K	-$456.0K
Q2 23	-$211.0K	-$256.0K
Q3 23	-$1M	-$1M
Q4 23	-$139.0K	-$134.0K
Q2 24	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q2 20	$117.6K
Q3 20	$260.0K
Q4 20	$110.0K
Q1 21	$15.0K
Q2 21	$157.0K
Q3 21	$17.0K
Q4 21	$76.0K
Q1 22	$1M
Q2 22	$1M
Q3 22	$2.0K
Q4 22	$2.0K
Q1 23	$28.0K
Q2 23	$45.0K
Q3 23	$126.0K
Q4 23	$5.0K
Q2 24	$2.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	-6.6%	-18.9%
Q3 20	-9.4%	-28.1%
Q4 20	+1306.5%	+264.0%
Q1 21	+8.1%	-7.0%
Q2 21	-5.3%	-11.3%
Q3 21	-20.2%	-16.7%
Q4 21	-19.1%	-14.2%
Q1 22	+18.8%	-1.4%
Q2 22	+41.0%	+23.7%
Q3 22	-7.2%	+4.6%
Q4 22	-17.0%	-5.2%
Q1 23	-23.7%	-23.8%
Q2 23	-45.2%	-32.1%
Q3 23	+0.2%	-26.0%
Q4 23	-13.3%	-12.7%
Q2 24	-100.0%	-91.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$94.3K	2.6%
Q3 20	$80.2K	2.0%
Q4 20	$45.4K	1.3%
Q1 21	$19.0K	0.6%
Q2 21	$4.0K	0.1%
Q3 21	$2.0K	0.1%
Q4 21	$2.0K	0.1%
Q1 22	$2.0K	0.1%
Q2 22	$1.0K	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$143.0K	5.0%
Q2 23	$0	0.0%
Q3 23	$406.0K	13.6%
Q4 23	$128.0K	6.4%
Q2 24	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 20	$2M	$970.0K	—
Q3 20	$2M	$806.0K	—
Q4 20	$1M	$897.0K	—
Q1 21	$2M	$857.0K	—
Q2 21	$2M	$697.0K	—
Q3 21	$1M	$533.0K	—
Q4 21	$864.0K	$714.0K	—
Q1 22	$2M	$647.0K	—
Q2 22	$2M	$729.0K	—
Q3 22	$1M	$702.0K	—
Q4 22	$1M	$547.0K	—
Q1 23	$1M	$511.0K	—
Q2 23	$1M	$369.0K	—
Q3 23	$832.0K	$381.0K	—
Q4 23	—	—	$1M
Q2 24	$1M	$262.0K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3M	$0	$3M
Q2 22	$1M	$0	$1M
Q3 22	$432.0K	$0	$432.0K
Q4 22	$723.0K	$0	$723.0K
Q1 23	$267.0K	$0	$267.0K
Q2 23	$839.0K	$0	$839.0K
Q3 23	$358.0K	$0	$358.0K
Q4 23	$403.0K	$0	$403.0K
Q1 24	$336.0K	$0	$336.0K
Q2 24	$420.0K	$0	$420.0K
Q3 24	$310.0K	$0	$310.0K
Q4 24	$391.0K	$0	$391.0K
Q1 25	$1M	$0	$1M
Q2 25	$6M	$0	$6M
Q3 25	$1M	$0	$1M
Q4 25	$3M	$0	$3M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	50K	+2.3%	+9.2%
Q3 20	51K	+1.2%	+9.2%
Q4 20	50K	-1.6%	+3.3%
Q1 21	60K	+20.4%	+22.8%
Q2 21	61K	+2.3%	+22.8%
Q3 21	65K	+6.5%	+29.2%
Q4 21	72K	+11.0%	+45.7%
Q1 22	75K	+2.8%	+24.4%
Q2 22	76K	+2.5%	+24.6%
Q3 22	77K	+1.0%	+18.3%
Q4 22	79K	+1.7%	+8.3%
Q1 23	82K	+4.9%	+10.6%
Q2 23	86K	+3.9%	+12.0%
Q3 23	110K	+28.2%	+42.1%
Q4 23	171K	+55.5%	+117.3%
Q2 24	175K	+2.3%	+111.8%

Shares Outstanding