BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

BUSINESS SEGMENTS

5. BUSINESS SEGMENTS

The Company’s CODM, the Chief Executive Officer, evaluates how the Company views and measures its performance. ASC 280, Segment Reporting establishes the standards for reporting information about segments in financial statements. After consideration of these criteria, the CODM has determined that there are three reportable segments, consisting of Beeline Loans, Beeline Title Holdings and Corporate.

Beeline Loans is an AI-driven fintech mortgage lender that develops proprietary software in the form of major enhancements and new developments in its lending platform, including Beeline’s Chat API “Bob.”

Beeline Title Holdings provides title and loan closing services for Beeline’s mortgage origination business. It is providing similar services with respect to the Company’s BeelineEQUITY product.

Corporate primarily consists of general corporate expenses, including public company costs, executive compensation, legal and regulatory compliance, and other administrative functions that support the overall business. This segment also includes holding company expenses, such as financing costs, accounting, legal, insurance, investor relations, and strategic corporate initiatives that are not directly attributable to any operating segment.

The Company measures segment performance to allocate resources primarily based on revenues of Beeline Loans and Beeline Title Holdings and the general and administrative costs related to corporate. Total asset information by segment is not provided to, or reviewed by, the CODM as it is not used to make strategic decisions, allocate resources or assess performance. The accounting policies of the segments are the same as those described for the Company in Note 3 - Summary of Significant Accounting Policies.

Segment information was as follows for the nine months ended September 30:

(Dollars in thousands)	2025			2024
Beeline Loans
Gain on sale of loans, net	$	3,598		$	-
Loan origination fees		638			-
Interest income (expense)
Interest income		232			-
Interest expense		(241	)		-
Interest income (expense), net		(9	)		-
Other revenues		12			-
Total net revenues		4,239			-
Compensation, commissions and benefits		2,737			-
General and administrative expenses		471			-
Depreciation and amortization		2,412			-
Marketing and advertising		1,889			-
Other operating expenses		1,536			-
Total operating expenses		9,045			-
Loss from operations		(4,806	)		-
Interest expense		(37	)		-
Gain on extinguishment of debt		34			-
Net loss	$	(4,809	)	$	-

Beeline Title Holdings
Title fees	$	1,172		$	-
Total net revenues		1,172			-
Compensation and benefits		988			-
General and administrative expenses		119			-
Marketing and advertising		98			-
Other operating expenses		287			-
Total operating expenses		1,492			-
Net loss	$	(320	)	$	-

Corporate
Compensation and benefits	$	2,598		$	509
General and administrative expenses		3,529			640
Depreciation and amortization		75			-
Marketing and advertising		12			-
Other operating expenses		140			-
Total operating expenses		6,354			1,149
Interest income		5			-
Interest expense		(2,309	)		(965	)
Loss on extinguishment of debt		(644	)		-
Change in equity method investment		129			-
Other income		175			2
Net loss	$	(9,155	)	$	(2,112	)
Consolidated net loss	$	(14,284	)	$	(2,112	)

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

September 30, 2025

(Unaudited)