BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

BUSINESS SEGMENTS

6. BUSINESS SEGMENTS

The Company’s CODM, the CEO, 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 BeelineEquity.

Beeline Loans is an AI-driven fintech mortgage lender that also develops proprietary software in the form of major enhancements and new developments to its lending platform. Corporate allocates a portion of compensation and benefits, and general and administrative expenses to Beeline Loans, which is included in the segments’ financial data below.

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

September 30, 2026 and 2025

(unaudited)

Beeline Title Holdings provides title and loan closing services for the Company’s mortgage origination business and other lenders; and title closing services for the Company’s fractional equity transactions.

BeelineEquity provides customer service, transaction processing and platform support to TYTL who offers a fractional equity product to homeowners.

Corporate and unallocated activities primarily consist of general corporate expenses, including public company costs, executive compensation, legal and regulatory compliance, and other administrative functions that support the Company’s overall business. These activities also include holding company expenses, such as financing costs, accounting, legal, insurance, investor relations, and strategic corporate initiatives that are not directly attributable to the Company’s reportable segments. Corporate activities do not constitute a separate operating segment under ASC 280. Accordingly, amounts attributable to Corporate are excluded from the results of the Company’s reportable segments and are presented separately in the tables below as reconciling items in the reconciliation of total reportable segment results to consolidated financial results and total reportable segment net revenues to consolidated segment net revenues.

The Company measures segment performance to allocate resources primarily based on revenues of Beeline Loans, Beeline Title Holdings and BeelineEquity. 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.

The following tables present financial information for the Company’s reportable segments for the three and nine months ended September 30, 2026 and 2025 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Beeline Loans
Gain on sale of loans, net	$	2,053		$	1,671		$	5,650		$	3,598
Loan origination fees		492			302			1,268			638
Interest income (expense)
Interest income		172			90			509			232
Interest expense		(174	)		(112	)		(523	)		(241	)
Interest income (expense), net		(2	)		(22	)		(14	)		(9	)
Other revenues		13			2			28			12
Total net revenues		2,556			1,953			6,932			4,239
Compensation, commissions and benefits		1,795			1,407			5,187			3,407
General and administrative expenses		193			219			1,079			620
Depreciation and amortization		781			805			2,349			2,412
Marketing and advertising		931			700			2,921			1,889
Other operating expenses		566			637			1,926			1,536
Total operating expenses		4,266			3,768			13,462			9,864
Loss from operations		(1,710	)		(1,815	)		(6,530	)		(5,625	)
Interest expense		-			(17	)		-			(37	)
Gain on extinguishment of debt		7			34			7			34
Net loss from continuing operations	$	(1,703	)	$	(1,798	)	$	(6,523	)	$	(5,628	)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Beeline Title Holdings
Title fees (includes related party fees of $2 and $0 for the three months ended September 30, 2026 and 2025, respectively, and $19 and $12 for the nine months ended September 30, 2026 and 2025, respectively)	$	380		$	374		$	1,167		$	1,012
Total net revenues		380			374			1,167			1,012
Compensation and benefits		297			322			981			932
General and administrative expenses		33			34			97			115
Marketing and advertising		28			(13	)		89			98
Other operating expenses		118			126			453			265
Total operating expenses		476			469			1,620			1,410
Net loss from continuing operations	$	(96	)	$	(95	)	$	(453	)	$	(398	)

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

September 30, 2026 and 2025

(unaudited)

		Three Months Ended September 30,					Nine Months Ended September 30,
		2026			2025		2026			2025
BeelineEquity
Fractional equity revenues, related party	$	20		$	-	$	78		$	-
Total net revenues		20			-		78			-
Compensation, commissions and benefits		77			-		214			-
General and administrative expenses		28			-		76			-
Marketing and advertising		13			-		77			-
Other operating expenses		-			-		1			-
Total operating expenses		118			-		368			-
Net loss from continuing operations	$	(98	)	$	-	$	(290	)	$	-

Reconciliation of Total Reportable Segment Results to Consolidated Results

Corporate and unallocated results are not directly attributable to the Company’s reportable segment results. The following table reconciles total reportable segment results to the Company’s consolidated results for the three and nine months ended September 30, 2026 and 2025 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Beeline Loans	$	(1,703	)	$	(1,798	)	$	(6,523	)	$	(5,628	)
Beeline Title Holdings		(96	)		(95	)		(453	)		(398	)
BeelineEquity		(98	)		-			(290	)		-
Total reportable segments		(1,897	)		(1,893	)		(7,266	)		(6,026	)
Corporate and unallocated activities		(1,913	)		(1,708	)		(5,856	)		(8,284	)
Consolidated net loss from continuing operations	$	(3,810	)	$	(3,601	)	$	(13,122	)	$	(14,310	)

Reconciliation of Reportable Segment Net Revenues

Corporate and unallocated revenues primarily consist of net revenues not directly attributable to the Company’s reportable segments and are included as reconciling items to consolidated net revenues. The following table reconciles total net revenues of the Company’s reportable segments to consolidated net revenues for the three and nine months ended September 30, 2026 and 2025 (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Beeline Loans	$	2,556	$	1,953	$	6,932	$	4,239
Beeline Title Holdings		380		374		1,167		1,012
BeelineEquity		20		-		78		-
Total reportable segment net revenues		2,956		2,327		8,177		5,251
Corporate and unallocated net revenues		58		-		158		-
Total net revenues	$	3,014	$	2,327	$	8,335	$	5,251

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

September 30, 2026 and 2025

(unaudited)