Beeline Holdings Inc. has announced its financial results for the first quarter of 2025, marking its debut as a public company. The fintech-focused mortgage and title company reported total net revenues of $1.8 million for Q1 2025. Over 70% of this revenue was driven by mortgage and title operations, with $1.0 million coming from lending revenue and $0.4 million from title revenue. The remaining $0.4 million was contributed by its legacy spirits business. The company reported an operating loss of $4.9 million and a net loss from continuing operations of $6.9 million, which includes $1.9 million in interest expense. Despite the losses, Beeline witnessed significant year-over-year growth in mortgage-related metrics, with the average loan amount increasing by 24%, revenue per loan up by 28%, and title revenue up by 93%. In Q1 2025, Beeline originated $39.8 million in residential mortgage loans, generating $1.4 million in revenue and reporting a net loss of $2.3 million. The company ended the quarter with $1.5 million in cash and approximately $0.5 million in available warehouse line capacity. Beeline also completed additional equity raises post-Q1. Looking forward, Beeline plans to launch an interest-rate neutral equity product in the third quarter, supported by a stablecoin partner. This new offering aims to fund real estate transactions outside of traditional mortgage channels, thereby expanding access to capital and enabling greater market participation.