Beeline (BLNE)
Market Price (3/10/2026): $2.91 | Market Cap: $5.6 MilSector: Financials | Industry: Commercial & Residential Mortgage Finance
Beeline (BLNE)
Market Price (3/10/2026): $2.91Market Cap: $5.6 MilSector: FinancialsIndustry: Commercial & Residential Mortgage Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 595% | Weak multi-year price returns2Y Excs Rtn is -132%, 3Y Excs Rtn is -171% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -161% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -89% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 145% | |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Last-Mile Delivery, and Supply Chain Digitization. | Stock price has recently run up significantly12M Rtn12 month market price return is 292% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -130%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -132% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -392% | ||
| High stock price volatilityVol 12M is 837% | ||
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 57% | ||
| Key risksBLNE key risks include [1] its financial instability and ongoing capital needs, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 595% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -89% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Last-Mile Delivery, and Supply Chain Digitization. |
| Weak multi-year price returns2Y Excs Rtn is -132%, 3Y Excs Rtn is -171% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -161% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 145% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 292% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -130%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -132% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -392% |
| High stock price volatilityVol 12M is 837% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 57% |
| Key risksBLNE key risks include [1] its financial instability and ongoing capital needs, Show more. |
Qualitative Assessment
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Beeline (BLNE) stock has gained about 45% since 11/30/2025 because of the following key factors:
1. Anticipation of Profitability and Improved Financial Health.
Beeline experienced a surge in investor confidence driven by management's projections for its lending entity, Beeline Loans, to achieve operating profitability in November 2025, with Beeline Holdings as a whole following suit by early Q1 2026. The company's lending entity notably became cash-flow positive in October 2025. This positive outlook was further strengthened by Beeline reporting a debt-free balance sheet since early September 2025 (excluding warehouse lines) and successfully closing a $7.4 million registered direct offering in November 2025, which positioned it to reach its Q1 2026 cash flow positive goal without requiring additional capital.
2. Robust Growth in Originations and Revenue.
The company demonstrated significant operational momentum, highlighted by a 35% sequential increase in Q3 2025 originations to $69.8 million and a 37% rise in net revenue to $2.3 million compared to Q2 2025. October 2025 marked a strong performance with $35.3 million in originations, representing the highest monthly total since the mortgage downturn, and Q4 originations were projected to increase by approximately 65% from Q3. For the full year 2025, Beeline's revenue more than doubled, increasing over 100% compared to 2024.
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1. Anticipation of Profitability and Improved Financial Health.
Beeline experienced a surge in investor confidence driven by management's projections for its lending entity, Beeline Loans, to achieve operating profitability in November 2025, with Beeline Holdings as a whole following suit by early Q1 2026. The company's lending entity notably became cash-flow positive in October 2025. This positive outlook was further strengthened by Beeline reporting a debt-free balance sheet since early September 2025 (excluding warehouse lines) and successfully closing a $7.4 million registered direct offering in November 2025, which positioned it to reach its Q1 2026 cash flow positive goal without requiring additional capital.
2. Robust Growth in Originations and Revenue.
The company demonstrated significant operational momentum, highlighted by a 35% sequential increase in Q3 2025 originations to $69.8 million and a 37% rise in net revenue to $2.3 million compared to Q2 2025. October 2025 marked a strong performance with $35.3 million in originations, representing the highest monthly total since the mortgage downturn, and Q4 originations were projected to increase by approximately 65% from Q3. For the full year 2025, Beeline's revenue more than doubled, increasing over 100% compared to 2024.
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Stock Movement Drivers
Fundamental Drivers
The 43.4% change in BLNE stock from 11/30/2025 to 3/9/2026 was primarily driven by a 43.4% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.05 | 2.94 | 43.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10 | 10 | 0.0% |
| P/S Multiple | 0.4 | 0.6 | 43.4% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 43.4% |
Market Drivers
11/30/2025 to 3/9/2026| Return | Correlation | |
|---|---|---|
| BLNE | 43.4% | |
| Market (SPY) | -0.7% | 28.1% |
| Sector (XLF) | -5.6% | 16.1% |
Fundamental Drivers
The 86.1% change in BLNE stock from 8/31/2025 to 3/9/2026 was primarily driven by a 407.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.58 | 2.94 | 86.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 10 | 32.4% |
| P/S Multiple | 2.0 | 0.6 | -72.3% |
| Shares Outstanding (Mil) | 10 | 2 | 407.8% |
| Cumulative Contribution | 86.1% |
Market Drivers
8/31/2025 to 3/9/2026| Return | Correlation | |
|---|---|---|
| BLNE | 86.1% | |
| Market (SPY) | 5.4% | 25.6% |
| Sector (XLF) | -6.5% | 16.3% |
Fundamental Drivers
The -99.6% change in BLNE stock from 2/28/2025 to 3/9/2026 was primarily driven by a -98.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282025 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 767.60 | 2.94 | -99.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 10 | 595.3% |
| P/S Multiple | 11.2 | 0.6 | -95.0% |
| Shares Outstanding (Mil) | 0 | 2 | -98.9% |
| Cumulative Contribution | -99.6% |
Market Drivers
2/28/2025 to 3/9/2026| Return | Correlation | |
|---|---|---|
| BLNE | -99.6% | |
| Market (SPY) | 15.2% | 5.3% |
| Sector (XLF) | -2.5% | 3.6% |
Fundamental Drivers
The -99.9% change in BLNE stock from 2/28/2023 to 3/9/2026 was primarily driven by a -98.2% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 5698.00 | 2.94 | -99.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14 | 10 | -29.1% |
| P/S Multiple | 31.0 | 0.6 | -98.2% |
| Shares Outstanding (Mil) | 0 | 2 | -96.0% |
| Cumulative Contribution | -99.9% |
Market Drivers
2/28/2023 to 3/9/2026| Return | Correlation | |
|---|---|---|
| BLNE | -99.9% | |
| Market (SPY) | 77.5% | 4.6% |
| Sector (XLF) | 47.3% | 3.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BLNE Return | 40% | -87% | -72% | -25% | -100% | 59% | -100% |
| Peers Return | -25% | -47% | 105% | -1% | 33% | -22% | -18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -2% | 79% |
Monthly Win Rates [3] | |||||||
| BLNE Win Rate | 58% | 17% | 42% | 42% | 33% | 33% | |
| Peers Win Rate | 42% | 33% | 53% | 47% | 53% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BLNE Max Drawdown | -1% | -87% | -80% | -63% | -100% | 0% | |
| Peers Max Drawdown | -37% | -57% | -6% | -28% | -28% | -23% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RKT, UWMC, PFSI, LDI, SOFI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/9/2026 (YTD)
How Low Can It Go
| Event | BLNE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.0% | -25.4% |
| % Gain to Breakeven | 10163.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -73.9% | -33.9% |
| % Gain to Breakeven | 282.7% | 51.3% |
| Time to Breakeven | 370 days | 148 days |
| 2018 Correction | ||
| % Loss | -71.8% | -19.8% |
| % Gain to Breakeven | 254.4% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to RKT, UWMC, PFSI, LDI, SOFI
In The Past
Beeline's stock fell -99.0% during the 2022 Inflation Shock from a high on 7/23/2021. A -99.0% loss requires a 10163.7% gain to breakeven.
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About Beeline (BLNE)
Beeline Holdings, Inc. provides fintech mortgage lending. The company also shortens and transforms home loan process in easier path. It servers property investors and buyers. The company was founded in 2019 and is based in Providence, Rhode Island.
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Here are 1-3 brief analogies for Beeline (BLNE):
- The Verizon of Russia.
- The Vodafone of Russia.
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While no publicly traded company with the exact name "Beeline" and stock symbol "BLNE" could be identified, assuming you are referring to the major telecommunications provider Beeline (part of VEON Group), its major services typically include:- Mobile Telephony: Provides voice call and SMS services over its cellular network to individual and business subscribers.
- Mobile Internet: Offers data plans and high-speed internet access for smartphones, tablets, and other mobile devices.
- Home Internet & TV: Delivers fixed-line broadband internet and television services to residential and corporate clients.
- Digital Services: Includes various value-added services such as mobile payments, digital media content, and cloud solutions.
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Major Customers of Beeline (BLNE)
Beeline, a prominent telecommunications provider, primarily serves a broad base of customers rather than a few specific corporate entities. Its customer base can be categorized as follows:
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Individual Consumers: This constitutes the largest segment of Beeline's customer base. It includes everyday users who subscribe to mobile communication services (voice, SMS, mobile data), home internet, and various digital services for personal use. This category encompasses diverse demographics, from students and young professionals to families and seniors.
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Small and Medium-sized Businesses (SMBs): Beeline provides a range of services tailored for SMBs, including corporate mobile plans, fixed-line internet, cloud-based solutions, and other communication tools to support their operations. These businesses rely on Beeline for reliable connectivity and digital services for their employees and daily business functions.
-
Large Enterprises and Government Organizations: This segment includes large corporations, multinational companies, and government institutions. Beeline offers comprehensive telecommunication solutions for these entities, such as extensive corporate mobile fleets, secure data networks, dedicated internet access, data center services, and specialized digital transformation solutions like IoT (Internet of Things) for industrial applications.
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Nick Liuzza, Chief Executive Officer
Nick Liuzza co-founded Beeline Mortgage LLC in 2019 and serves as its Chief Executive Officer. He previously sold Linear Title & Closing and Linear Settlement Services to Real Matters, and also built New Age Nurses into a national staffing firm. Mr. Liuzza currently holds the position of EVP at Real Matters (TSX: REAL). He has personally invested over $16 million in Beeline.
Chris Moe, Chief Financial Officer
Chris Moe joined Beeline in 2023, bringing over 40 years of finance and investment banking experience. He has held senior roles at Red Cat Holdings (NASDAQ: RCAT), IRIS Therapeutic Devices, and Yates Electrospace Corporation, contributing deep public company and defense sector expertise.
Jess Kennedy, Chief Operating Officer
Jess Kennedy is a co-founder of Beeline and possesses 15 years of experience in legal and real estate matters. Prior to her current role, she served as General Counsel and Chief Compliance Officer at Beeline. Her background includes positions at Solidifi, LeClairRyan, and Edwards Wildman Palmer LLP, where she managed complex real estate finance and title transactions.
Tiffany Milton, Chief Accounting Officer
Tiffany Milton serves as the Chief Accounting Officer for Beeline.
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The key risks to Beeline Holdings Inc. (BLNE), a fintech mortgage lending business, include its financial stability and ongoing capital needs, the execution risk associated with its new technology and product adoption, and the volatility of its share price coupled with market skepticism.
- Financial Stability and Capital Needs: Beeline has historically faced significant financial challenges, including a short cash runway, persistent dilution risks, and considerable net losses. The company has reported a net loss of $23.37 million over the last twelve months leading up to November 2025. While recent efforts have included a $7.4 million registered direct offering and debt reduction, with projections to become cash flow positive by early 2026, the underlying financial health and the need to manage operating expenses to achieve sustained profitability remain a prominent risk.
- Execution Risk of Technology and New Product Adoption: Beeline's business model heavily relies on its AI-powered platform and new blockchain-based products, such as BeelineEquity, which facilitates fractional home ownership via asset-backed crypto tokens. The successful execution, market adoption, and competitive advantage derived from these innovative technologies are critical. Failure to gain sufficient traction with these new ventures, or challenges in their implementation, poses a significant risk to the company's growth and justification of its equity.
- Share Price Volatility and Market Perception: Beeline's share price has demonstrated high volatility compared to the broader US market. Furthermore, the company has traded at a significant discount to its book value, suggesting a level of market skepticism or uncertainty regarding its future prospects. This volatility and unfavorable market perception can impact investor confidence and the company's ability to raise capital in the future.
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The addressable markets for Beeline (symbol: BLNE) in the U.S. are as follows:
- U.S. Mortgage Origination Market: The total mortgage origination volume in the U.S. is projected to reach $2.3 trillion in 2025.
- U.S. Purchase Mortgage Origination Market: U.S. purchase originations are forecast to increase to $1.46 trillion in 2025.
- U.S. Residential Mortgage Market (Outstanding Debt): The residential mortgage market in the U.S. represents an outstanding debt of approximately $14.3 trillion.
- U.S. Non-Agency Mortgage Issuance (including DSCR loans): This market is projected to reach $160 billion in 2025. Another source indicates $88.44 billion of non-agency residential mortgage-backed securities (MBS) backed by newly originated mortgages was issued in the first nine months of 2025. Non-qualified mortgage (Non-QM) loans, which include DSCR loans, are projected to have an origination volume between $75 billion and $100 billion in 2025.
- U.S. Home Equity Market (for BeelineEquity product): Beeline's blockchain-powered home equity platform, BeelineEquity, targets a market that has been referenced as a "$15T market". This appears to relate to the broader U.S. residential real estate equity, which for American households was $35.8 trillion in the second quarter of 2025.
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Beeline Holdings (BLNE) is poised for significant future revenue growth over the next two to three years, driven by several key initiatives and market trends:
- Expansion of Digital Lending Platform and Market Share Gains: Beeline aims to continue its impressive growth in loan originations by leveraging its fully digital mortgage platform. In 2024, Beeline Financial achieved a 38% year-over-year growth in loan originations, significantly outperforming the industry average of 9%. The company plans to further expand its market share through its digital lending platform, targeting younger generations, real estate investors, and home buyers. Beeline funded $52 million in mortgages in Q2 2025, marking a 31% increase from Q1 2025.
- Advancements in AI Automation: The company's proprietary AI technologies are central to its growth strategy. The AI chatbot "Bob 2.0" has been instrumental in customer acquisition, driving 6X more leads and 8X more mortgage applications at near-zero marginal cost. Additionally, the "Hive" workflow engine significantly speeds up loan closures to 14-21 days, half the industry standard, allowing for higher volumes at lower costs. Beeline continues to invest in AI automation, including the recently launched BlinkQC, an AI-driven quality control software offered on a SaaS basis.
- Introduction and Growth of New Products and Services: Beeline is diversifying its offerings with new products and a dedicated B2B SaaS division. The company launched Beeline Labs, a new B2B SaaS division. A key new offering is BeelineEQUITY, a piloted cash-out equity alternative that allows homeowners to sell a fractional interest in their property, which has shown strong investor interest.
- Strategic Partnerships and Channel Diversification: To broaden its reach and customer base, Beeline is expanding its strategic alliances. The company has developed partnerships with entities like RedAwning for DSCR loans for vacation rentals and CredEvolv for a credit-improvement onboarding funnel. This focus on channel diversification is expected to contribute to future revenue growth.
- Favorable Market Conditions and Recovery: Beeline anticipates a supportive market environment for mortgage lending in the coming years. Mortgage rates are projected to normalize around 5.9% by the end of 2025, and the company expects favorable market conditions through 2027. Positive housing market forecasts, predicting rising home sales and loan originations through 2026, coupled with recent Federal Reserve rate cuts, indicate a potential increase in demand for mortgage services.
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Share Repurchases
- CEO Nicholas Liuzza Jr. acquired 25,400 shares of Beeline Holdings, Inc. common stock for a total of $68,232 on March 20, 2025.
- Director Joseph David Freedman acquired 10,000 shares of common stock for $42,192 on September 25, 2025.
- The company has authorized insider stock purchases under a limited waiver of its insider trading policy, reflecting a belief that the company's stock is undervalued.
Share Issuance
- A 1-for-10 reverse stock split of its common stock was implemented, effective March 12, 2025, to meet NASDAQ listing requirements and enhance shareholder value.
- In March 2025, Beeline Holdings expanded its Series G Convertible Preferred Stock offering to $7,077,800, with notable investments from its principal shareholder, Nicholas Liuzza, Jr., and other accredited investors.
- Beeline Holdings raised $6.5 million in new capital through its At-The-Market (ATM) and Equity Line of Credit (ELOC) programs in late June 2025.
Inbound Investments
- CEO Nick Liuzza has personally invested $16 million in the company, with other leadership also vested, indicating strong confidence in the company's products.
- In March 2025, Beeline secured $5 million in funding, with over half of this capital coming directly from the CEO.
- The expanded Series G Convertible Preferred Stock offering in March 2025 saw significant investments from the CEO and other accredited investors.
Capital Expenditures
- Beeline has invested millions in the development of its product, including its AI-driven sales agent platform MagicBlocks and AI-powered mortgage sales agent Bob 2.0.
- These product development investments contributed to $7 million in debt at the beginning of 2025, which the company has since cleared.
- The company's core vision includes digitizing the mortgage journey with tools such as its AI chatbot Bob, proprietary production engine Hive, and an expanding SaaS product suite, indicating ongoing capital allocation towards technological advancements.
Trade Ideas
Select ideas related to BLNE.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02202026 | COIN | Coinbase Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.6% | 2.6% | -6.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.74 |
| Mkt Cap | 2.8 |
| Rev LTM | 2,583 |
| Op Inc LTM | 268 |
| FCF LTM | -2,212 |
| FCF 3Y Avg | -2,656 |
| CFO LTM | -2,150 |
| CFO 3Y Avg | -2,369 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 32.6% |
| Rev Chg 3Y Avg | 21.2% |
| Rev Chg Q | 45.0% |
| QoQ Delta Rev Chg LTM | 13.8% |
| Op Mgn LTM | -75.3% |
| Op Mgn 3Y Avg | -51.9% |
| QoQ Delta Op Mgn LTM | 8.9% |
| CFO/Rev LTM | -83.2% |
| CFO/Rev 3Y Avg | -86.4% |
| FCF/Rev LTM | -91.8% |
| FCF/Rev 3Y Avg | -87.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.8 |
| P/S | 0.8 |
| P/EBIT | 3.9 |
| P/E | 4.4 |
| P/CFO | -4.4 |
| Total Yield | 1.0% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | -87.3% |
| D/E | 3.0 |
| Net D/E | 2.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.9% |
| 3M Rtn | -30.8% |
| 6M Rtn | -27.7% |
| 12M Rtn | 3.1% |
| 3Y Rtn | 31.7% |
| 1M Excs Rtn | -10.6% |
| 3M Excs Rtn | -31.7% |
| 6M Excs Rtn | -30.9% |
| 12M Excs Rtn | -11.8% |
| 3Y Excs Rtn | -48.0% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Bridgetown Spirits | 4 | 8 | 5 | 5 | |
| Beeline Financial | 0 | ||||
| Craft Canning + Printing (Craft C+P) | 6 | 7 | 9 | ||
| Bulk spirit sales | 1 | ||||
| Canning & bottling | 8 | ||||
| Customer programs and excise taxes | -1 | ||||
| Wholesale finished goods | 3 | ||||
| Total | 4 | 14 | 12 | 14 | 12 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Beeline Financial | 0 | ||||
| Bridgetown Spirits | -1 | ||||
| Corporate | -2 | ||||
| Total | -2 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Beeline Financial | 0 | ||||
| Bridgetown Spirits | -1 | -7 | 0 | -9 | |
| Corporate | -4 | -5 | |||
| Craft Canning + Printing (Craft C+P) | -4 | -2 | -1 | ||
| Total | -5 | -16 | -2 | -10 |
Price Behavior
Price Behavior
| Market Price | $2.94 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/05/2014 | |
| Distance from 52W High | -51.8% | |
| 50 Days | 200 Days | |
| DMA Price | $2.74 | $2.25 |
| DMA Trend | up | up |
| Distance from DMA | 7.1% | 30.7% |
| 3M | 1YR | |
| Volatility | 100.5% | 842.0% |
| Downside Capture | 285.69 | 229.25 |
| Upside Capture | 527.61 | 332.31 |
| Correlation (SPY) | 28.6% | 4.0% |
BLNE Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.46 | 2.68 | 2.67 | 2.84 | 2.29 | 1.51 |
| Up Beta | 5.89 | 0.94 | 0.68 | 3.70 | -2.20 | -1.31 |
| Down Beta | -0.53 | -0.58 | 0.31 | 2.36 | 3.11 | 2.73 |
| Up Capture | 144% | 907% | 743% | 545% | 78% | 5% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 24 | 32 | 62 | 110 | 322 |
| Down Capture | 320% | 251% | 279% | 184% | 177% | 113% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 17 | 29 | 59 | 135 | 408 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BLNE | |
|---|---|---|---|---|
| BLNE | 311.9% | 840.4% | 1.02 | - |
| Sector ETF (XLF) | 3.0% | 19.3% | 0.03 | 2.5% |
| Equity (SPY) | 19.6% | 19.1% | 0.81 | 3.9% |
| Gold (GLD) | 77.6% | 26.1% | 2.18 | 2.5% |
| Commodities (DBC) | 20.2% | 17.2% | 0.92 | -0.5% |
| Real Estate (VNQ) | 6.1% | 16.4% | 0.19 | -0.7% |
| Bitcoin (BTCUSD) | -24.3% | 45.7% | -0.47 | 4.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BLNE | |
|---|---|---|---|---|
| BLNE | -84.7% | 396.7% | 0.23 | - |
| Sector ETF (XLF) | 10.5% | 18.7% | 0.44 | 4.5% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 5.6% |
| Gold (GLD) | 24.0% | 17.2% | 1.14 | 2.2% |
| Commodities (DBC) | 11.8% | 19.0% | 0.50 | 1.6% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.18 | 3.0% |
| Bitcoin (BTCUSD) | 7.1% | 56.8% | 0.35 | 2.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BLNE | |
|---|---|---|---|---|
| BLNE | -66.9% | 293.6% | 0.20 | - |
| Sector ETF (XLF) | 13.5% | 22.2% | 0.56 | 4.4% |
| Equity (SPY) | 15.2% | 17.9% | 0.73 | 5.4% |
| Gold (GLD) | 14.9% | 15.6% | 0.79 | 2.0% |
| Commodities (DBC) | 8.9% | 17.6% | 0.42 | 2.4% |
| Real Estate (VNQ) | 6.2% | 20.7% | 0.26 | 4.5% |
| Bitcoin (BTCUSD) | 65.7% | 66.8% | 1.05 | 1.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -10.4% | -18.6% | -7.2% |
| 8/14/2025 | -26.6% | -36.5% | 53.6% |
| 4/15/2025 | -15.2% | -5.0% | -9.9% |
| 8/12/2021 | -5.4% | -10.9% | -14.7% |
| 3/31/2021 | 7.6% | 1.1% | -0.5% |
| 11/12/2020 | 11.8% | -1.2% | -12.1% |
| 8/13/2020 | 7.6% | 26.1% | -0.8% |
| 5/20/2020 | -3.4% | -12.6% | -18.4% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 1 |
| # Negative | 5 | 6 | 7 |
| Median Positive | 7.6% | 13.6% | 53.6% |
| Median Negative | -10.4% | -11.8% | -9.9% |
| Max Positive | 11.8% | 26.1% | 53.6% |
| Max Negative | -26.6% | -36.5% | -18.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/15/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/30/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Freedman, Joseph David | Direct | Buy | 11282025 | 1.85 | 1,000 | 1,850 | 675,048 | Form | |
| 2 | Freedman, Joseph David | Direct | Buy | 11242025 | 1.46 | 3,000 | 4,380 | 531,281 | Form | |
| 3 | Moe, Christopher R | Chief Financial Officer | Direct | Buy | 11192025 | 1.68 | 20,000 | 33,600 | 67,200 | Form |
| 4 | Freedman, Joseph David | Direct | Buy | 11192025 | 1.62 | 7,000 | 11,340 | 584,643 | Form | |
| 5 | Freedman, Joseph David | Direct | Buy | 9292025 | 4.22 | 10,000 | 42,193 | 700,066 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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