Beeline Holdings reported third-quarter 2025 originations of $69.8 million, representing a 35% increase from the previous quarter, while net revenue rose 37% to $2.3 million. The digital mortgage lender and SaaS platform also achieved an 8% reduction in operating expenses, which decreased to $5.2 million, contributing to improved financial performance across key metrics. The company's adjusted EBITDA showed substantial improvement, narrowing to $(2.0) million from $(2.8) million in the second quarter.
Beeline posted a Q3 net loss of $(4.0) million, which included a $718,000 one-time disposition expense related to its spirits business. This financial performance indicates the company's strategic focus on its core mortgage operations is yielding positive results. October proved to be a particularly strong month for the company, with originations reaching $35.3 million, marking Beeline's strongest performance since the mortgage downturn began. This monthly achievement suggests accelerating momentum in the company's recovery efforts.
Management projects fourth-quarter originations will increase approximately 65% from Q3 levels, indicating continued growth trajectory. Beeline's leadership has set clear profitability targets, projecting operating profitability for Beeline Loans in November 2025 and for Beeline Holdings by early first quarter of 2026. These projections, if realized, would represent a significant milestone for the company's financial turnaround. The company's approach combines blockchain technology, automation, and digital customer experience to streamline the mortgage process, as detailed on their website at https://www.makeabeeline.com.
The full financial details and forward-looking statements are available in the company's official release at https://ibn.fm/q0UeY. Investors should note that forward-looking statements involve risks and uncertainties, as outlined in the company's SEC filings and disclaimers available at http://IBN.fm/Disclaimer. The company's performance suggests it may be successfully navigating the challenging mortgage market while positioning for sustainable growth through its technology-driven approach to mortgage lending.
