---
title: "Beeline | 8-K: FY2026 Q1 Revenue: USD 2.7 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286460711.md"
datetime: "2026-05-14T20:11:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286460711.md)
  - [en](https://longbridge.com/en/news/286460711.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286460711.md)
---

# Beeline | 8-K: FY2026 Q1 Revenue: USD 2.7 M

Revenue: As of FY2026 Q1, the actual value is USD 2.7 M.

EBIT: As of FY2026 Q1, the actual value is USD -3.833 M.

#### Net Revenue

Net revenue for Q1 2026 was $2.7 million, more than doubling year-over-year and increasing approximately 7% sequentially.

#### Loan Originations

Q1 2026 loan originations totaled $85.6 million across 288 loans, compared to $39.8 million across 128 loans in the prior year period.

#### Operating Expenses

Total operating expenses were $7.9 million in Q1 2026, which included approximately $1.0 million in non-cash stock-based compensation. Total operating expenses were $7,863 thousand in Q1 2026, compared to $6,004 thousand in Q1 2025. Stock-based compensation expense was $977 thousand in Q1 2026, compared to $150 thousand in Q1 2025. Total operating expenses excluding stock-based compensation were $6,886 thousand in Q1 2026, compared to $5,854 thousand in Q1 2025, representing an 18% increase on 116% revenue growth.

#### Net Loss

Net loss for Q1 2026 was -$5.3 million (or -$5,278 thousand), narrowing from -$6.9 million (or -$6,927 thousand) in the prior year period, marking a 24% improvement year-over-year.

#### Adjusted EBITDA

Adjusted EBITDA loss was -$3.0 million (or -$3,018 thousand) in Q1 2026, narrowed from -$3.8 million (or -$3,847 thousand) in the prior year period, representing a 22% improvement year-over-year. Reconciliation of net loss to Adjusted EBITDA included interest expense of $0 in Q1 2026 compared to $1,889 thousand in Q1 2025, depreciation and amortization of $815 thousand compared to $820 thousand, stock-based compensation expense of $977 thousand compared to $150 thousand, non-recurring expenses of $468 thousand compared to $0, and net loss from discontinued operations of $0 compared to $221 thousand.

#### Cash and Shareholders’ Equity

Beeline Holdings, Inc. ended the first quarter with $1.9 million in cash and $50.9 million in shareholders’ equity, with no corporate debt.

#### BeelineEquity Platform Progress

The BeelineEquity platform completed more transactions in the first quarter, with its full operating infrastructure built and integrated to support future scaling. This platform earns 3.5% per transaction plus title revenue, carries no balance sheet risk, and monetizes transactions rather than interest rate spreads.

#### Outlook

Beeline Holdings, Inc. continues to target a $100 million revenue run rate as it exits 2027, supported by increasingly diversified revenue streams. The BeelineEquity platform is expected to be a key driver of long-term margin expansion as it scales alongside the core lending platform.

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