# Eastside Distilling Inc. (BLNE)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $17M  
**Price:** $1.21 (+6.14%)

> Eastside Distilling Inc. is a holding company operating in the craft spirits and financial technology sectors. Through its subsidiary Bridgetown Spirits Corp., it manufactures, acquires, blends, bottles, imports, markets, and sells a diverse portfolio of alcoholic beverages, including bourbon, American whiskey, vodka, gin, rum, tequila, and ready-to-drink options. Notable brands feature the Burnside Whiskey family finished in Quercus Garryana barrels, Portland Potato Vodka, Hue-Hue Cold Brewed Coffee Rum, and Azunia Organic Tequilas. The company distributes products wholesale to distributors in open states and brokers in control states, while operating retail tasting rooms in Portland, Oregon, for direct consumer sales. It also provides private label production services. Additionally, Eastside Distilling Inc. incorporates Beeline Financial Holdings, Inc., which runs an end-to-end, all-digital, AI-enhanced mortgage technology platform serving homeowners and property investors. Founded in 2008 and headquartered in Portland, Oregon, Eastside Distilling Inc. plays a role in the premium craft beverage market and innovative fintech solutions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8M | — | -$20M | -$23M | — |
| 2024 | $1M | — | -$5M | -$11M | — |
| 2023 | $10M | $1M | -$2M | -$8M | — |
| 2022 | $14M | $2M | -$7M | -$16M | — |
| 2021 | $12M | $3M | -$7M | -$2M | — |
| 2020 | $15M | $4M | -$8M | -$10M | — |
| 2019 | $12M | $4M | -$10M | -$13M | — |
| 2018 | $7M | $2M | -$8M | -$9M | — |
| 2017 | $3M | $976,927 | -$5M | -$5M | — |
| 2016 | $2M | $827,962 | -$4M | -$5M | — |
| 2015 | $2M | $832,228 | -$4M | -$4M | — |
| 2014 | $1M | $560,555 | -$4M | -$4M | — |
| 2013 | $880,454 | $438,337 | -$81,767 | $86,986 | — |
| 2012 | $122,320 | $113,035 | -$51,049 | -$57,018 | — |
| 2011 | $74,679 | $73,124 | -$10,298 | -$22,658 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $70M | $17M | $54M | $3M | — |
| 2024 | $67M | $18M | $48M | $80,000 | — |
| 2023 | $17M | $17M | $853,000 | $306,000 | $8M |
| 2022 | $21M | $23M | -$2M | $723,000 | $8M |
| 2021 | $34M | $20M | $13M | $3M | $9M |
| 2020 | $32M | $33M | -$1M | $836,000 | $6M |
| 2019 | $36M | $29M | $7M | $343,000 | $5M |
| 2018 | $26M | $8M | $19M | $11M | $2M |
| 2017 | $9M | $4M | $5M | $3M | $2M |
| 2016 | $3M | $1M | $1M | $1M | $564,142 |
| 2015 | $1M | $2M | -$1M | $141,317 | $494,521 |
| 2014 | $2M | $464,346 | $2M | — | $26,831 |
| 2013 | $174,407 | $71,249 | $103,158 | — | — |
| 2012 | $9,274 | $202,354 | $18,515 | — | — |
| 2011 | $6,203 | $142,265 | -$136,062 | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$21M | $15,000 | -$21M |
| 2024 | -$3M | — | — |
| 2023 | -$2M | $60,000 | -$2M |
| 2022 | -$877,000 | $2M | -$3M |
| 2021 | -$6M | $265,000 | -$6M |
| 2020 | -$3M | $524,000 | -$4M |
| 2019 | -$9M | $2M | -$11M |
| 2018 | -$14M | $1M | -$15M |
| 2017 | -$7M | $657,477 | -$8M |
| 2012 | -$67,229 | — | — |
| 2011 | -$31,520 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/BLNE)