Beeline Holdings, Inc. (BLNE) intrinsic value & 10-year financials

Beeline Holdings, Inc. (BLNE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 15.6% a year to $7.8M, with an average return on invested capital of -171.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.78
Market cap
$11.1M
Revenue (FY2025)
$7.8M
Revenue growth (10-yr CAGR)
15.6%
ROIC (10-yr avg)
-171.2%
Free cash flow (FY2025)
-$21.5M

BLNE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $7.8M -$23.2M -$2.23 -$21.5M -251.5% -46.0%
FY2024 $3.8M -$11.3M -$0.82 — -239.4% -37.6%
FY2023 $10.5M -$7.5M -$0.12 -$2.0M -45.9% -83.9%
FY2022 $13.9M -$16.3M -$0.38 -$3.4M -47.9% -111.3%
FY2021 $12.9M -$2.2M — -$6.2M -53.5% -16.9%
FY2020 $14.8M -$9.6M — -$3.5M -55.4% -112.3%
FY2019 $17.0M -$16.9M — -$11.3M -80.6% -145.8%
FY2018 $7.2M -$9.0M — -$15.2M -114.7% -117.1%
FY2017 $3.8M -$5.3M — -$7.7M -127.4% -186.8%
FY2016 $2.1M -$5.2M — -$5.0M -203.9% -853.9%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Beeline Holdings, Inc. is a consistent compounder, expanding top-line revenue at 15.6% annually over the past decade.

Beeline Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -68.1% ROIC.

Beeline Holdings, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Beeline Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-74.07 per share.

BLNE stock: frequently asked questions

What is the intrinsic value of Beeline Holdings, Inc. (BLNE) stock?

Graham's formula only works with positive earnings. Beeline Holdings, Inc. reported diluted EPS of -$2.23 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Beeline Holdings, Inc. grown?

Revenue went from $2.1M in fiscal 2016 to $7.8M in fiscal 2025, a compound annual growth rate of 15.6%. Net income was -$23.2M in fiscal 2025.

Does Beeline Holdings, Inc. generate free cash flow?

Beeline Holdings, Inc. generated -$21.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is BLNE's return on invested capital?

Average ROIC over the last 10 fiscal years was -171.2%, and average return on equity was 73.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BLNE data come from?

From Beeline Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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