Beeline Holdings, Inc. BLNE
Holdings, Inc. (the "Company") was incorporated under the laws of Nevada in 2004. On March 12, 2025, the Company changed
its name from Eastside Distilling, Inc. ("Eastside") to Beeline Holdings, Inc., reflecting the Company's current operations
and focus as a fintech mortgage lender, fractional equity purchase facilitator and title provider.
September 4, 2024, the Company entered into an Agreement and Plan of Merger and Reorganization providing for the merger (the "Merger")
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.8M | $1.1M | $3.8M | $13.9M | $12.4M | $14.8M | $12.2M | $7.2M | $3.8M | $2.1M |
| Cost of revenue | — | — | $9.4M | $11.4M | $9.5M | $10.4M | $7.6M | $3.8M | $1.6M | $1.3M |
| Gross profit | — | — | $1.1M | $2.4M | $2.9M | $3.6M | $4.1M | $2.3M | $976.9K | $828.0K |
| SG&A | $6.5M | $2.1M | $1.1M | $6.4M | $6.8M | $8.0M | $3.2M | $4.3M | $2.2M | $1.2M |
| Total operating expenses | $27.3M | $6.3M | $6.2M | $9.1M | $9.8M | $11.8M | $14.0M | $10.6M | $5.8M | $5.1M |
| Operating income | -$19.5M | -$5.2M | -$2.4M | -$6.6M | -$6.9M | -$8.2M | -$10.0M | -$8.3M | -$4.8M | -$4.3M |
| Interest expense | $2.3M | $2.2M | $1.1M | $2.2M | $1.3M | $1.1M | $508.0K | $789.4K | $235.1K | $862.5K |
| Pre-tax income | -$22.7M | -$2.4M | -$4.8M | -$16.3M | -$6.1M | -$9.6M | -$13.1M | -$9.0M | -$5.3M | -$5.2M |
| Net income | -$23.4M | -$13.1M | -$7.5M | -$16.3M | -$2.2M | -$9.9M | -$13.1M | -$9.0M | -$5.3M | -$5.2M |
| EPS, basic | -2.23 | -46.63 | -70.42 | -21.40 | -0.35 | -0.98 | — | — | — | — |
| EPS, diluted | -2.23 | -46.63 | -70.42 | -21.40 | — | -0.98 | -1.82 | -1.49 | -1.42 | -4.21 |
| Shares, diluted (wtd. avg.) | $14.1M | $246.3K | $109.1K | $767.0K | $12.7M | $10.0M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.1M | $80.0K | $306.0K | $723.0K | $3.3M | $836.0K | $343.0K | $10.6M | $2.6M | $1.1M |
| Receivables | $20.0K | $134.0K | $163.0K | $836.0K | $1.4M | $694.0K | $1.3M | $1.1M | $315.3K | $345.0K |
| Inventory | — | $1.5M | $2.7M | $4.4M | $6.5M | $6.7M | $7.1M | $11.0M | $4.1M | $780.0K |
| Total current assets | $19.4M | $10.0M | $4.5M | $6.6M | $14.1M | $12.8M | $14.5M | $23.5M | $7.6M | $2.4M |
| Property, plant and equipment | $11.7M | $14.7M | $169.0K | $5.7M | $2.2M | $3.1M | $4.7M | $1.8M | $728.5K | $99.2K |
| Goodwill | $33.3M | $33.3M | — | — | — | — | $28.0K | $28.2K | $28.2K | — |
| Other intangibles | $4.8M | $4.9M | $4.2M | $5.8M | $13.6M | $14.0M | $14.7M | $285.7K | $325.7K | — |
| Total assets | $70.2M | $66.5M | $17.5M | $21.5M | $33.6M | $31.7M | $35.9M | $26.4M | $9.0M | $2.5M |
| Accounts payable | $645.0K | $1.7M | $1.1M | $1.7M | $1.3M | $1.9M | $2.3M | $2.0M | $1.3M | $457.0K |
| Total current liabilities | $16.3M | $16.2M | $4.2M | $13.0M | $9.5M | $30.3M | $6.1M | $2.4M | $1.7M | $987.4K |
| Long-term debt | — | — | $8.0M | $7.7M | $9.0M | $5.5M | $5.4M | $2.3M | $2.5M | $564.1K |
| Total liabilities | $16.6M | $17.5M | $16.6M | $23.0M | $20.2M | $32.8M | $28.5M | $7.6M | $3.9M | $1.4M |
| Retained earnings | -$125.7M | -$94.2M | -$82.7M | -$75.0M | -$58.6M | -$54.1M | -$44.2M | -$27.1M | -$18.1M | -$12.8M |
| Total equity | $53.6M | $47.9M | $853.0K | -$1.5M | $13.4M | -$1.1M | $7.3M | $18.8M | $5.1M | $1.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$21.4M | -$3.2M | -$1.8M | -$877.0K | -$5.9M | -$3.0M | -$9.1M | -$13.9M | -$7.0M | -$5.0M |
| Depreciation and amortisation | $3.3M | $758.0K | $149.0K | $1.5M | $1.2M | $2.3M | $1.7M | $364.8K | $92.0K | $22.0K |
| Stock-based compensation | $2.9M | — | — | $3.0K | $27.0K | $288.0K | $667.0K | $657.5K | $563.4K | $374.7K |
| Capital expenditure | $15.0K | — | $60.0K | $2.5M | $265.0K | $524.0K | $2.2M | $1.3M | $657.5K | $9.2K |
| Investing cash flow | -$1.1M | -$451.0K | $104.0K | -$2.3M | $3.2M | $137.0K | -$3.6M | -$1.3M | -$652.9K | -$9.2K |
| Financing cash flow | $24.9M | $4.6M | $1.4M | $641.0K | $5.2M | $3.4M | $2.5M | $23.3M | $9.2M | $5.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-031067.
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