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BLNE

Beeline Holdings, Inc.

BLNE

Beeline Holdings, Inc. • NASDAQ
$2.05 ▲ 12.64% (+0.23)
Market Cap $18.55 M
52w High $10.50
52w Low $0.62
Dividend Yield 0%
P/E 0.03
Volume 771.69K
Outstanding Shares 9.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.344M ▲ $5.177M ▼ $-3.918M ▲ -167.15% ▲ $-0.2 ▲ $-2.636M ▲
Q2-2025 $1.781M ▼ $5.649M ▼ $-4.075M ▲ -228.804% ▲ $-0.42 ▲ $-2.778M ▲
Q1-2025 $1.897M ▼ $6.336M ▼ $-6.822M ▲ -359.62% ▲ $-6.14 ▼ $-4.2M ▼
Q4-2024 $1.936M ▲ $8.874M ▲ $-7.193M ▼ -371.539% ▼ $22.5 ▲ $-1.914M ▼
Q3-2024 $760K $653K $-1.359M -178.816% $-6.6 $-386K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.295M ▼ $63.181M ▼ $11.44M ▼ $51.744M ▼
Q2-2025 $6.277M ▲ $68.571M ▲ $13.02M ▼ $54.62M ▲
Q1-2025 $1.46M ▲ $63.753M ▼ $15.658M ▼ $47.099M ▼
Q4-2024 $391K ▲ $66.515M ▲ $17.547M ▼ $47.867M ▲
Q3-2024 $310K $16.224M $18.684M $-2.46M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-3.778M ▲ $-4.13M ▼ $124K ▲ $9.095M ▲ $4.816M ▲ $-4.199M ▼
Q1-2025 $-6.927M ▼ $-1.469M ▼ $-65K ▲ $1.841M ▼ $324K ▼ $-1.534M ▼
Q4-2024 $-3.964M ▼ $1.603M ▲ $-565K ▼ $3.097M ▲ $872K ▲ $7.784M ▲
Q3-2024 $507K ▲ $160K ▲ $19K ▼ $434K ▼ $-110K ▼ $-464K ▲
Q2-2024 $-1.488M $-1.056M $81K $1.059M $84K $-1.058M

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a company that has been more of a concept than a scaled business so far. Revenue has been tiny for several years, and gross profit is essentially nonexistent, which suggests very limited commercial traction to date. Operating results have been consistently negative, with recurring losses and no clear pattern of improvement yet. Earnings per share look very weak, which reflects those losses being spread over a small equity base rather than any collapse in an underlying large business. Overall, the past financials look like those of an early‑stage or transitioning company, not a mature, profitable operation.

Balance Sheet

Balance Sheet The balance sheet is very small and quite thin. Total assets are minimal, and reported cash balances are essentially zero, which implies reliance on external funding or short‑term arrangements. There is some debt on the books, and equity has only recently ticked up from almost nothing, suggesting a fragile capital structure. This kind of balance sheet leaves little cushion to absorb setbacks and makes the company sensitive to funding conditions and execution risk. Put simply, the company is lightly capitalized and still financially delicate.

Cash Flow

Cash Flow Cash flow has hovered around break‑even on paper, with one year showing a modest outflow from operations and no meaningful investment spending. That pattern is more about the small scale of activity than about strong cash generation. The absence of notable capital expenditure underlines that the business has not yet invested heavily in physical expansion and is likely more software and people‑driven. Overall, the historic cash flows do not yet demonstrate a self‑funding, durable business model; they reflect a company that is still in build‑out or repositioning mode and likely dependent on outside capital.

Competitive Edge

Competitive Edge Competitively, the story is no longer about beverages at all; it is about a pivoted mortgage‑technology platform competing in a crowded financial‑tech and mortgage‑software space. JAXB’s edge is intended to come from its proprietary, AI‑driven digital mortgage system and a first move into blockchain‑based home equity products. These are interesting differentiators, but the moat is still emerging: market adoption, trust from financial institutions, regulatory comfort with blockchain approaches, and proof that the technology actually lowers cost or risk will all be critical. The company is also operating off‑exchange after delisting from Nasdaq, which can limit visibility and perceived credibility versus larger, established mortgage tech players. At this stage, its competitive position looks promising in concept but unproven in practice.

Innovation and R&D

Innovation and R&D Innovation is the main attraction here. JAXB has built its own AI‑powered mortgage platform aimed at speeding up and simplifying the loan process, and it is shifting to a business‑to‑business model by licensing this technology to lenders. On top of that, it is experimenting with a blockchain‑based home equity product using crypto tokens, which is quite novel for the sector. If these tools genuinely improve speed, accuracy, and customer experience, they could offer a real edge. However, these are still relatively early‑stage bets: the durability of any advantage will depend on ongoing product development, successful integration with lenders’ systems, regulatory acceptance of blockchain solutions, and the company’s ability to stay ahead of better‑funded fintech rivals that may copy or leapfrog similar ideas.

Summary

Beeline Holdings, now operating as JAXB, looks like a small, highly experimental company in the middle of a major strategic shift, not a stable, established consumer defensive business. Historical financials show minimal revenue, recurring losses, and a very thin balance sheet, all of which point to high execution and financing risk. The real story is forward‑looking: a pivot from direct mortgage lending to licensing an AI‑driven, digital mortgage platform and launching a blockchain‑based home equity product. The upside scenario is that the technology gains traction with financial institutions and creates a scalable, higher‑margin B2B model. The downside is that adoption may be slow, regulatory or market resistance could be high, and the company’s limited financial resources give it little room for missteps. Any view on BLNE/JAXB hinges far more on beliefs about the success of this new business model and technology platform than on its past reported numbers, which describe a company still searching for a sustainable, profitable footing.

NEWS

November 17, 2025 · 10:59 AM UTC

Beeline Clarifies Recent Fundraising

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November 11, 2025 · 9:00 AM UTC

Beeline's Lending Entity Achieves Cash Flow Positive Month in October

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November 6, 2025 · 9:00 AM UTC

Beeline Reports 37% Q3 2025 Revenue Growth, 9% Expense Reduction and Zero Debt Following Strategic Divestures

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October 27, 2025 · 8:20 AM UTC

Beeline Launches Nation's First Blockchain-Powered Home Equity Platform — Begins Scaling Nationwide

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October 24, 2025 · 4:30 PM UTC

Beeline to Host Stakeholder Update Call on Q3 2025 Financial Results

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