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.

• Completed acquisition of MagicBlocks, consolidating AI capabilities, and announced a strategic partnership with SRG to integrate mortgage solutions into a next-gen real estate platform.

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

• CEO invested $500,000 of personal funds via convertible note at $1.50 per share, with potential for future investments.

Financial highlights

• Net revenue for Q2 2026 was $2.6 million, up 57% year-over-year; net revenues for the six months ended June 30, 2026, increased 82% to $5.3 million.

• Net loss narrowed to $4.0 million in Q2 2026, improving by 24% sequentially; net loss from continuing operations was $9.3 million for the six months ended June 30, 2026.

• Adjusted EBITDA loss improved to $2.6 million in Q2 2026; for the six months ended June 30, 2026, adjusted EBITDA was $(5.6) million.

• Cash and equivalents at quarter end were $1.4 million; $1.7 million as of August 14, 2026.

• Loan originations rose 68% year-over-year to 528 for the six months ended June 30, 2026.

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 ongoing investments in technology and product expansion.

• Liquidity needs remain high; at least $6 million in additional capital is required to meet internal cash requirements for the next 12 months.

• The proposed merger with TYTL and integration of MagicBlocks are expected to drive future product innovation, operational efficiencies, and accelerate revenue growth.

• July revenue and operating margin are expected to be the highest since inception.