Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 184

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 184
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 they have no standardized meaning and are not prepared under
any comprehensive set of accounting rules or principles. Accordingly, other companies, including companies in our industry, may calculate
similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could
reduce the usefulness of our non-GAAP financial measures as tools for comparison.

We
include a reconciliation of adjusted EBITDA to GAAP net loss, its most closely comparable GAAP measure. We encourage investors and others
to review our condensed consolidated financial statements and notes thereto in their entirety included elsewhere in this quarterly report
on Form 10-Q, not to rely on any single financial measure, and to consider adjusted EBITDA only in conjunction with its respective most
closely comparable GAAP financial measure.

We
believe this non-GAAP financial measure is useful to investors for supplemental period-to-period comparisons of our business and understanding
and evaluating our operating results for the following reasons:

●
Adjusted EBITDA is widely used by investors and securities analysts to measure a company’s operating performance without regard
to items such as depreciation and amortization expense, interest and amortization on non-funding debt, income tax expense, stock-based
compensation expense, and costs that are unique or non-recurring in nature or otherwise unrelated to our ongoing revenue-generating operations,
all of which can vary substantially from company to company depending on their financing and capital structures;

●
We use adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for adjusted purposes, including the preparation
of our annual operating budget , as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating
our financial performance; and

●
Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons
of our core operating results, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial
measures to supplement their GAAP results.

Further,
although we use this non-GAAP measure to assess the financial performance of our business, it has limitations as an analytical tool,
and should not be considered in isolation or as a substitute for analysis of our financial results as reported under GAAP. Some of these
limitations are, or may in the future be, as follows:

●
Although depreciation and amortization expense is a non-cash charge, the assets being depreciated and amortized may have to be replaced
in the future, and adjusted