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Bridgeline Digital, Inc. (BLIN) stock

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NASDAQ: BLIN Nasdaq Application Software Next results ~January 4, 2027

C Fundamentals grade

Bridgeline Digital, Inc. is a US-listed company in the application software industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$1.7

Revenue-to-maturity cash-flow model

Base case. Range ~$1.6–$2.2 across our lower- and higher-growth cases (0%–6.6% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Bridgeline Digital, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling9 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds3 adding, 10 cuttingOf 3 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bridgeline Digital files

Where Bridgeline Digital stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $16m, up 1.6% on a year earlier, faster than the 0.5% growth a quarter earlier. That puts it 103 of 124 for growth among the application software companies we cover. Free-cash-flow margin rose to -2.0% from -3.6% a year earlier. Operating margin widened to -9.9% from -15.8%. The diluted share count is up 11.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 5 of our 7 financial-health checks. Our revenue-to-maturity cash-flow model value is $1.74 a share, against a share price of $0.69.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 4, 2027 (estimated)

Bridgeline Digital, Inc.'s trailing-twelve-month revenue grew 1.6% year on year, with a free-cash-flow margin of -2.0%. Where it stands out: stock pay as % of revenue of 2.7% ranks 21 of 177 application software companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 47% in the quarter to 2026-03-31, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 5.9 points on a year ago.

Things to watch

  • Loss-making. Operating margin is -9.9%: costs exceed revenue.
  • Burning cash. Free cash flow was -2.0% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 11.7% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 68% and a beta of 1.1 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.2 points on a year ago.
  • Below peers: revenue growth. Revenue growth of 1.6% ranks 147 of 184 application software companies we cover (median 12.0%).

Latest results: FY2026 Q3

Filed August 13, 2026
Earnings per share
-$0.01 against an average estimate of -$0.01: beat by 47.0%
Revenue
$4m, up 2.0% on a year earlier
Share reaction
-11.4% in the first session after the results on October 6, 2026, against +0.3% for the S&P 500
Guidance given
core products % of total revenue 61% (fiscal 2026); core products % of subscription revenue 64% (fiscal 2026)
Next report
August 13, 2026

Bridgeline Digital's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.5%
  • 1 week-2.8%
  • 1 month-14.8%
  • This year-16.9%
  • 1 year-47.7%
  • 5 years-80.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$15.6M
Operating margin
-9.9%
Net margin
-8.6%
EPS (TTM, diluted)
$-0.11

Growth

Revenue growth
+1.6%
Change in growth rate
+1.1 pts
Share count change
+11.7%

Cash

Free cash flow (TTM)
-$315,000
FCF margin
-2.0%
Stock pay % of revenue
2.7%

Earnings

Last results
October 6, 2026
Next results (est.)
January 4, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Shareholder vote
  4. Results
  5. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bridgeline Digital, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Bridgeline Digital, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$1.7 ~$1.6–$2.2 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$1.9–$7.5 Left out: out of range vs price (0.10x)
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.7 ~$1.6–$2.2 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bridgeline Digital, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$197.50$143.50$49.00$1.91$1.86$4.11$1.31$0.83$1.15$1.32$0.69
Market value$336m$536m$186m$7m$7m$24m$14m$9m$12m$15m$8m
+ Net debt (− = net cash)$1m$2m$3m−$296000−$191000−$7m−$2m−$2m−$890000−$1m−$1m
Enterprise value$338m$537m$190m$7m$6m$17m$12m$7m$11m$14m$7m
Multiples
Price / sales 21.2x32.9x13.7x0.7x0.6x1.8x0.8x0.5x0.8x1.0x0.5x
Price / earnings ————20.3x—6.3x————
Price / free cash flow ———————34.3x———
EV / EBITDA —————n/m—————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Bridgeline Digital's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 16.5% of total assets over 7 years.

  • Pricing power 14 / 20

    Gross margin has been a median 65.3%, moving by 8.5 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -14.3%; its worst year was -103.2%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 2 of 10 years, at a median -5.3% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 37529.4% over five years; stock-based pay has been a median 3.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (54 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Bridgeline Digital, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Mar 2026 −$0.01 −$0.01 +47.0%
Dec 2025 −$0.01 $0.01 +191.0%
Sept 2025 −$0.03 −$0.01 +72.8%
Jun 2025 −$0.02 −$0.03 −48.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 6, 2026
  • Core products % of total revenue fiscal 2026 about 61%
    “61% of total revenue and 64% of subscription revenue are expected to be Core” source
  • Core products % of subscription revenue fiscal 2026 about 64%
    “61% of total revenue and 64% of subscription revenue are expected to be Core” source
  • Net Revenue Retention (NRR) · Core Products fiscal 2026 —
    “The company expects Core products to achieve double-digit growth and NRR above 105% for fiscal 2026.” source
  • Core products % of total revenue (Q4) fourth quarter of fiscal 2026 about 63%
    “63% of total revenue and 65% of subscription revenue are expected to be Core” source
  • Core products % of subscription revenue (Q4) fourth quarter of fiscal 2026 about 65%
    “63% of total revenue and 65% of subscription revenue are expected to be Core” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Positioning

Short interest
0.3%
of tradable shares
Days to cover
0.54
at average volume
Short interest, 1 month
−33%
to October 15, 2026
Held by institutions
13%
of shares
Held by insiders
27.4%
of shares
Employees
40
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −47.7%

$1.32 on October 31, 2025 to $0.69

ThenNowEffect
Revenue (last 12 months) $15m $16m +1.6%
P/S multiple 0.9x 0.5x −42.5%
Share count 11m 12m −10.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −10.4%

$0.77 on November 3, 2023 to $0.69

ThenNowEffect
Revenue (last 12 months) $16m $16m −4.1%
P/S multiple 0.5x 0.5x +8.8%
Share count 10m 12m −14.1%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BLIN−12%−54%−17%+82%−48%−17%
Industry peers (median)−7%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BLIN25%25%50%67%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BLIN−82%−58%−47%−43%−66%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from June 8, 2016 to March 18, 2020. Getting back needed a 61408% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.66 – $1.36
From 52-week high
−49.3%
vs 50-day average
−16.6%
vs 200-day average
−27.0%
Volatility (1 year)
68%
Beta vs S&P 500
1.15

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±6.0%
After a week
7 up, 5 down
typical move ±14.2%
After a month
5 up, 6 down
typical move ±16.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 6, 2026 −11.4% +0.3% −13.6% —
August 18, 2026 −3.0% −0.5% −2.0% −13.0%
May 19, 2026 +5.5% +0.4% +30.8% +11.0%
February 18, 2026 +21.6% +0.2% +16.2% +17.6%
December 23, 2025 −2.0% +0.8% −15.3% −16.3%
August 18, 2025 −2.3% −0.6% +5.3% −0.8%
May 19, 2025 −2.4% −0.2% −8.5% −7.9%
February 18, 2025 −1.1% +0.5% −18.9% −17.1%
December 26, 2024 +14.4% −1.0% +43.2% +44.8%
August 16, 2024 −3.4% +1.2% +2.2% +27.0%
May 17, 2024 +4.4% +0.3% +3.5% −12.3%
February 20, 2024 0.0% −0.5% +11.1% +15.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Bridgeline Digital, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bridgeline Digital, Inc.
$15.2M $15.4M $15.6M $15.8M $16M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $15.9M Revenue (TTM), FY24 Q1: $15.6M Revenue (TTM), FY24 Q2: $15.3M Revenue (TTM), FY24 Q3: $15.3M Revenue (TTM), FY24 Q4: $15.4M Revenue (TTM), FY25 Q1: $15.4M Revenue (TTM), FY25 Q2: $15.5M Revenue (TTM), FY25 Q3: $15.4M Revenue (TTM), FY25 Q4: $15.4M Revenue (TTM), FY26 Q1: $15.5M Revenue (TTM), FY26 Q2: $15.5M Revenue (TTM), FY26 Q3: $15.6M $15.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $15.9M
FY24 Q1 $15.6M
FY24 Q2 $15.3M
FY24 Q3 $15.3M
FY24 Q4 $15.4M
FY25 Q1 $15.4M
FY25 Q2 $15.5M
FY25 Q3 $15.4M
FY25 Q4 $15.4M
FY26 Q1 $15.5M
FY26 Q2 $15.5M
FY26 Q3 $15.6M
Revenue growth, TTM YoY Bridgeline Digital, Inc.
-10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -5.6% Revenue growth, TTM YoY, FY24 Q1: -6.4% Revenue growth, TTM YoY, FY24 Q2: -8.0% Revenue growth, TTM YoY, FY24 Q3: -6.2% Revenue growth, TTM YoY, FY24 Q4: -3.3% Revenue growth, TTM YoY, FY25 Q1: -1.0% Revenue growth, TTM YoY, FY25 Q2: 1.3% Revenue growth, TTM YoY, FY25 Q3: 0.5% Revenue growth, TTM YoY, FY25 Q4: 0.2% Revenue growth, TTM YoY, FY26 Q1: 0.7% Revenue growth, TTM YoY, FY26 Q2: 0.5% Revenue growth, TTM YoY, FY26 Q3: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -5.6%
FY24 Q1 -6.4%
FY24 Q2 -8.0%
FY24 Q3 -6.2%
FY24 Q4 -3.3%
FY25 Q1 -1.0%
FY25 Q2 1.3%
FY25 Q3 0.5%
FY25 Q4 0.2%
FY26 Q1 0.7%
FY26 Q2 0.5%
FY26 Q3 1.6%
Operating margin (TTM) Bridgeline Digital, Inc.
-80% -60% -40% -20% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -62.4% Operating margin (TTM), FY24 Q1: -65.5% Operating margin (TTM), FY24 Q2: -65.8% Operating margin (TTM), FY24 Q3: -63.8% Operating margin (TTM), FY24 Q4: -13.1% Operating margin (TTM), FY25 Q1: -12.3% Operating margin (TTM), FY25 Q2: -13.7% Operating margin (TTM), FY25 Q3: -15.8% Operating margin (TTM), FY25 Q4: -15.8% Operating margin (TTM), FY26 Q1: -13.5% Operating margin (TTM), FY26 Q2: -11.4% Operating margin (TTM), FY26 Q3: -9.9% -9.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -62.4%
FY24 Q1 -65.5%
FY24 Q2 -65.8%
FY24 Q3 -63.8%
FY24 Q4 -13.1%
FY25 Q1 -12.3%
FY25 Q2 -13.7%
FY25 Q3 -15.8%
FY25 Q4 -15.8%
FY26 Q1 -13.5%
FY26 Q2 -11.4%
FY26 Q3 -9.9%
FCF margin (TTM) Bridgeline Digital, Inc.
-10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.6% FCF margin (TTM), FY24 Q1: -3.6% FCF margin (TTM), FY24 Q2: -8.2% FCF margin (TTM), FY24 Q3: -7.1% FCF margin (TTM), FY24 Q4: -5.2% FCF margin (TTM), FY25 Q1: 1.8% FCF margin (TTM), FY25 Q2: -0.1% FCF margin (TTM), FY25 Q3: -3.6% FCF margin (TTM), FY25 Q4: -7.3% FCF margin (TTM), FY26 Q1: -8.6% FCF margin (TTM), FY26 Q2: -6.6% FCF margin (TTM), FY26 Q3: -2.0% -2.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.6%
FY24 Q1 -3.6%
FY24 Q2 -8.2%
FY24 Q3 -7.1%
FY24 Q4 -5.2%
FY25 Q1 1.8%
FY25 Q2 -0.1%
FY25 Q3 -3.6%
FY25 Q4 -7.3%
FY26 Q1 -8.6%
FY26 Q2 -6.6%
FY26 Q3 -2.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 24 26 26 25 24 19 16 16 14 10 11 13 17 16 15 15 16
Gross profit 12 13 15 13 12 8 9 9 7 5 6 9 12 11 10 10 10
EBITDA 1 1 1 −1 −3 −14 −2 −1 −7 −10 −1 0 −0 −8 −1 −2 −1
Operating income −0 −1 −1 −3 −5 −16 −4 −1 −7 −11 −2 −1 −2 −10 −2 −2 −2
Net income −0 −1 −1 −4 −6 −17 −8 −2 −7 −9 0 −7 2 −9 −2 −3 −1
Diluted EPS −$0.83 −$1.67 −$1.94 −$0.01 −$8.89 −$0.09 −$0.09 −$0.50 −$1.98 −$2.72 −$0.59 −$1.47 $0.20 −$0.91 −$0.19 −$0.25 −$0.11
Growth (year on year)
Revenue — +11.5% +0.1% −6.8% −3.1% −19.0% −17.3% +2.5% −16.7% −26.7% +9.6% +21.6% +26.8% −5.6% −3.3% +0.2% +1.6%
EBITDA — −24.3% +42.1% −229.9% — — — — — — — — — — — — —
Net income — — — — — — — — — — — <−999% — −539.9% — — —
Diluted EPS — — — — — — — — — — — — — −555.0% — — —
Margins
Gross margin 52.4% 50.5% 55.2% 52.9% 48.6% 42.6% 54.2% 56.1% 50.3% 46.1% 58.7% 65.8% 69.6% 68.4% 67.9% 66.6% 65.2%
EBITDA margin 4.4% 3.0% 4.3% −6.0% −13.6% −74.9% −14.1% −4.9% −48.9% −105.0% −6.2% 0.1% −1.8% −52.8% −6.1% −10.7% −5.1%
Operating margin −1.0% −2.1% −2.3% −12.9% −22.0% −83.8% −22.3% −8.5% −51.5% −111.2% −15.1% −8.9% −11.3% −62.4% −13.1% −15.8% −9.9%
Net margin −1.6% −3.0% −3.6% −14.7% −26.2% −87.2% −49.2% −9.8% −53.2% −95.2% 3.0% −50.4% 12.8% −59.4% −12.8% −16.4% −8.6%
Free-cash-flow margin 4.9% 0.8% −2.5% −2.5% −17.5% −15.0% −17.0% −6.1% −8.5% −42.4% −4.6% −8.1% −1.5% 1.6% −5.2% −7.3% −2.0%
Cash flow
Cash from operations 2 1 0 −0 −4 −3 −3 −1 −1 −4 −0 −1 −0 0 −1 −1 −0
Capital spending 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0
Free cash flow 1 0 −1 −1 −4 −3 −3 −1 −1 −4 −0 −1 −0 0 −1 −1 −0
Stock-based pay 0 0 0 0 1 0 0 1 0 0 0 1 0 1 1 1 0
Free cash flow after stock pay 1 −0 −1 −1 −5 −3 −3 −2 −2 −4 −1 −2 −1 −0 −1 −2 −1
Balance sheet
Cash 3 3 2 3 1 0 1 1 1 0 1 9 3 2 1 2 1
Total debt 6 5 4 6 7 8 2 3 4 — 1 2 1 1 1 0 0
Net debt (negative = net cash) 2 2 2 3 6 7 1 2 3 −0 −0 −7 −2 −2 −1 −1 −1
Diluted shares 403m 439m 471m 560m 709m — 2m 4m 4m 4m 4m 6m 10m 10m 10m 11m 12m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $15m
Short-term assets $3mLonger-term assets $12m
What it owes, and who funded it · $15m
Short-term liabilities $5mLonger-term liabilities $1mShareholders' equity $9m
  • Short-term assets cover short-term liabilities $3m of assets due within a year against $5m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt $1m of cash against $187,000 of debt.
  • Debt below 40% of shareholders' equity Debt is 2% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 9% to 2% over five years.
  • A year's operating cash flow covers at least 20% of debt −$269,000 of operating cash flow against $187,000 of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Bridgeline Digital, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+11.7%
year over year
R&D spending
22.3%
of revenue
Days sales outstanding
29 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated BLIN AWRE INLX MF SMSI SAGT Median
Revenue, last 12 months $16m $16m $16m $15m $17m $18m $482m
Revenue growth, last 12 months 1.6% −9.8% −5.5% −49.9% −9.5% 59.1% 12.0%
Revenue growth, 3-year average −1.4% −4.3% −0.3% — −27.5% — 11.1%
Revenue growth, latest quarter 2.0% −13.9% −1.6% — −1.8% — 11.9%
Gross margin 65.2% 88.8% 65.2% −0.5% 77.5% 22.7% 69.2%
Operating margin −9.9% −55.8% −17.7% −98.2% −86.4% — 1.1%
Operating margin, 3-year average −29.8% −48.0% −7.6% — −135.0% — −0.8%
Net margin −8.6% −52.6% −17.6% −222.9% −92.6% 9.1% 2.1%
Cash from operations / revenue −1.7% −37.1% 3.9% −14.5% −53.1% 21.4% 18.2%
Free-cash-flow margin −2.0% −37.8% 2.9% −14.5% −53.8% −16.4% 15.0%
Free-cash-flow margin, 3-year average −4.2% −39.5% 9.2% — −52.0% — 16.2%
Stock pay / revenue 2.7% 7.0% 7.7% 78.6% 12.9% 3.2% 9.3%
Change in share count 11.7% 1.0% 6.4% 362.2% 34.9% 81.9% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 1.6% 12.0% 147 of 184
Change in growth rate Growth +1.1pp +0.2pp 72 of 184
Gross margin Profitability 65.2% 69.8% 94 of 160
Operating margin Profitability -9.9% 1.1% 123 of 181
Net margin Profitability -8.6% 2.1% 119 of 185
Free-cash-flow margin Cash generation -2.0% 15.2% 133 of 180
Stock pay as % of revenue Cash generation 2.7% 9.3% 21 of 177
Long-term debt as % of assets Balance sheet 0.7% 16.9% 17 of 98
Change in share count Balance sheet 11.7% 1.7% 128 of 163
Days sales outstanding Balance sheet 29 days 57 days 33 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Products and services
Line of business Revenue Share YoY
Subscription $12.4M 80.3% ▲ 1.8%
Subscription Saas $10.3M 83.7% ▼ 3.4%
Subscription Hosting $1.6M 13.0% ▲ 60.4%
Subscription Maintenance $415,000 3.4% ▼ 5.0%
Services $3M 19.7% ▼ 6.1%
Geography
Region Revenue Share YoY
United States $13.1M 85.2% ▲ 2.2%
Outside the US $2.3M 14.8% ▼ 10.3%

From Bridgeline Digital, Inc.'s 10-K filed December 19, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.9M
Institutions reporting
15
Shares held vs prior quarter
▼ 6.3%
Positions opened / closed
1 / 3

Top buyers and sellers, Q2 2026: 3 institutions bought and 10 sold ; the biggest buyer was LPL Financial LLC (+3,000 shares) and the biggest seller Citadel Advisors LLC (−56K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Bard Associates Inc $1.2M 1.0M 64.0% ▼ 4.4%
Renaissance Technologies LLC $181,806 157K 9.7% ▼ 1.3%
Geode Capital Management, LLC $143,957 124K 7.7% ▼ 2.0%
Lido Advisors, LLC $91,609 79K 4.9% 0.0%
Vanguard Capital Management LLC $88,288 76K 4.7% 0.0%
Vanguard Fiduciary Trust Co $40,229 35K 2.2% 0.0%
Susquehanna International Group, LLP $25,926 22K 1.4% ▼ 3.0%
LPL Financial LLC $25,532 22K 1.4% ▲ 15.8%
Xtx Topco Ltd $25,258 22K 1.4% ▼ 8.6%
State Street Corp $18,792 16K 1.0% 0.0%
Northern Trust Corp $13,399 12K 0.7% 0.0%
Schonfeld Strategic Advisors LLC $11,730 10K 0.6% ▼ 1.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bridgeline Digital, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $69,656 9 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $69,656 net buying
Insider Date Trade Shares Price Value
Kahn Roger E. President and CEO March 10, 2026 Buy 10,000 $0.93 $9,300
Ketslakh Michael Director March 3, 2026 Buy 4,472 $0.85 $3,801
Ketslakh Michael Director March 2, 2026 Buy 2,487 $0.85 $2,114
Ketslakh Michael Director February 25, 2026 Buy 10,647 $0.85 $9,050
Ketslakh Michael Director February 24, 2026 Buy 2,394 $0.85 $2,035
Kahn Roger E. President and CEO February 19, 2026 Buy 5,000 $0.85 $4,250
Ketslakh Michael Director February 19, 2026 Buy 1,353 $0.85 $1,150
Kahn Roger E. President and CEO February 18, 2026 Buy 14,000 $0.82 $11,480
Kahn Roger E. President and CEO February 17, 2026 Buy 35,301 $0.75 $26,476

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 4, 2027 estimated from the company's past filing pattern, not announced

  • October 6, 2026
  • August 18, 2026
  • May 19, 2026
  • February 18, 2026
  • December 23, 2025
  • August 18, 2025

Recent SEC filings

Data status

When each part of this page on Bridgeline Digital, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bridgeline Digital, Inc. in brief

What does Bridgeline Digital, Inc. do?
Bridgeline Digital, Inc. is a US-listed company in the application software industry. Its financial year ends in September.
What is Bridgeline Digital, Inc.'s stock ticker?
Bridgeline Digital, Inc. trades under the ticker BLIN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bridgeline Digital, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bridgeline Digital, Inc. reported revenue of $15.6M, 1.6% higher than a year earlier, according to its SEC filings.
What is Bridgeline Digital, Inc.'s free cash flow?
Bridgeline Digital, Inc.'s free-cash-flow margin is -2.0% of revenue over the trailing twelve months, ranking 133 of the 180 application software companies we cover.
Who are Bridgeline Digital, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Bard Associates Inc, Renaissance Technologies LLC and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Bridgeline Digital, Inc.'s market cap?
On November 2, 2026, Bridgeline Digital, Inc.'s market capitalisation was about $8.3M and net debt of -$1.3M. Market figures come from third-party market data and may be delayed.
How much debt does Bridgeline Digital, Inc. have?
Bridgeline Digital, Inc.'s debt-to-equity ratio is 2.1%, from its latest balance sheet (8.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Bridgeline Digital, Inc.'s competitors?
In our Application Software peer group, the companies closest to Bridgeline Digital, Inc. are Aware Inc, Intellinetics, Inc., Mindforge Inc., Smith Micro Software, Inc. and Sagtec Global Ltd. The side-by-side comparison below sets their revenue, margins and growth against Bridgeline Digital, Inc.'s.
Are insiders buying or selling Bridgeline Digital, Inc. stock?
Over the last 12 months, Bridgeline Digital, Inc.'s directors and officers reported 9 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Bridgeline Digital, Inc.'s next earnings date?
Around January 4, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bridgeline Digital, Inc. announces its own schedule.