Beeline Q2 FY26 net loss narrows 24% vs. Q1 to $4 million; net revenue rises 57% year-over-year to $2.6 million
BLNE•Beeline signs LOI to acquire TYTL
The company signed a non-binding LOI to acquire TYTL in an all-stock deal, targeting a higher-revenue residential equity product not tied to rates.
Management says product mix is improving margins
CEO Nick Liuzza said product-mix changes are lifting margins; he expects the impact to become more pronounced in Q3.
Q2 results show narrower loss and higher revenue
Beeline reported Q2 net revenue of $2.6 million, up 57% year-over-year; GAAP net loss narrowed to $4 million.
Non-cash expenses totaled $2.3 million, leaving an approximately $1.7 million cash deficit; cash ended at $1.5 million.
Non-GAAP adjusted EBITDA loss narrowed to $2.6 million; operating margin rose 9.4 percentage points from the prior quarter.
