Brightline Interactive, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in June.
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Third-party market data · may be delayed
Under review: every model's value for Brightline Interactive, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: data-quality checks not passed. We'll show the comparison once resolved.
Brightline Interactive, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Brightline Interactive has little or no product revenue yet; it used $4m of cash in the twelve months to June 2026. It passes 2 of our 2 financial-health checks.
Our model value for Brightline Interactive is under review, so past values are not shown until it is resolved.
Source: 10-K filed September 28, 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.
Brightline Interactive, Inc.'s trailing-twelve-month revenue fell 96.7% year on year, with a free-cash-flow margin of -2457.7%.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -96.7% (-13.2pp vs the prior quarter), the 5th consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
| At fiscal year end | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Share price | $31.84 | $28.48 | $8.16 | $10.88 | $6.16 |
| Market value | $47m | $50m | $17m | $27m | $16m |
| + Net debt (− = net cash) | −$16m | −$6m | −$2m | −$7m | −$3m |
| Enterprise value | $30m | $44m | $15m | $20m | $13m |
| Multiples | |||||
| Price / sales | 6.4x | 3.7x | 1.9x | 5.1x | 50.4x |
| Price / earnings | — | — | — | — | — |
| Price / free cash flow | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
Weak moat
How hard Brightline Interactive's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median -10.9% of total assets over 5 years.
Gross margin has been a median 70.3%, moving by 13.2 percentage points (standard deviation) across 5 years.
Operating margin has been a median -135.8%; its worst year was -1067.9%.
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 (37 before it).
Next results: November 12, 2026, after the close.
No analyst estimates are published for Brightline Interactive, Inc.: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | −$0.08 | −$4.80 | −5900.0% |
| Dec 2025 | −$0.24 | −$0.48 | −100.0% |
| Sept 2025 | −$0.48 | −$0.40 | +16.7% |
| Jun 2025 | $0.00 | $0.00 | 0.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months −74.7%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $5m | $175521 | −96.7% |
| P/S multiple | 49.1x | n/m | +681.9% |
| Share count | 20m | 21m | −2.9% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
Last 3 years −66.7%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $13m | $175521 | −98.7% |
| P/S multiple | 10.6x | n/m | +3530.7% |
| Share count | 15m | 21m | −29.5% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| BTLN | −69% | −63% | +119% | −63% | −57% |
| Industry peers (median) | −35% | +8% | +18% | −22% | −13% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| BTLN | 25% | 42% | 42% | 25% | 46% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| BTLN | −77% | −86% | −65% | −71% | −69% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since July 1, 2021: 98% from July 1, 2021 to October 23, 2026. Getting back needed a 4532% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| May 14, 2026 | +12.3% | −0.4% | +45.3% | +35.1% |
| February 17, 2026 | −11.9% | +0.7% | −28.1% | −21.2% |
| November 13, 2025 | −13.0% | −1.7% | −26.1% | −31.9% |
| September 30, 2025 | −18.8% | +0.7% | −9.9% | −13.8% |
| May 15, 2025 | +15.5% | +1.1% | +22.4% | +20.7% |
| February 13, 2025 | −0.6% | +1.1% | −11.4% | −28.0% |
| November 14, 2024 | −17.0% | −1.9% | −13.3% | +67.1% |
| September 30, 2024 | −5.0% | −0.5% | −9.7% | −13.9% |
| May 15, 2024 | −0.4% | +1.0% | −6.4% | −4.7% |
| February 14, 2024 | +20.5% | +1.6% | +31.2% | +8.9% |
| November 14, 2023 | 0.0% | +2.2% | +4.3% | +2.6% |
| September 28, 2023 | −45.1% | +0.3% | −62.1% | −72.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY24 Q1 | $12.6M |
| FY24 Q2 | $11.8M |
| FY24 Q3 | $10M |
| FY24 Q4 | $8.8M |
| FY25 Q1 | $8.1M |
| FY25 Q2 | $9.2M |
| FY25 Q3 | $8.8M |
| FY25 Q4 | $5.3M |
| FY26 Q1 | $4.2M |
| FY26 Q2 | $2.4M |
| FY26 Q3 | $1.4M |
| FY26 Q4 | $175.5K |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY24 Q1 | 46.6% |
| FY24 Q2 | 19.1% |
| FY24 Q3 | -11.5% |
| FY24 Q4 | -34.7% |
| FY25 Q1 | -35.6% |
| FY25 Q2 | -21.5% |
| FY25 Q3 | -12.3% |
| FY25 Q4 | -40.2% |
| FY26 Q1 | -48.1% |
| FY26 Q2 | -74.5% |
| FY26 Q3 | -83.5% |
| FY26 Q4 | -96.7% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | -213.7% |
| FY24 Q1 | -186.3% |
| FY24 Q2 | -217.5% |
| FY24 Q3 | -219.4% |
| FY24 Q4 | -75.1% |
| FY25 Q1 | -91.9% |
| FY25 Q2 | -72.2% |
| FY25 Q3 | -75.9% |
| FY25 Q4 | -52.1% |
| FY26 Q1 | -72.1% |
| FY26 Q2 | -183.0% |
| FY26 Q3 | -1067.9% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY22 Q2 | -61.9% |
| FY22 Q3 | -67.5% |
| FY22 Q4 | -90.4% |
| FY23 Q1 | -83.9% |
| FY23 Q2 | -94.6% |
| FY25 Q2 | -23.3% |
| FY25 Q3 | -15.6% |
| FY25 Q4 | -10.7% |
| FY26 Q1 | -33.7% |
| FY26 Q2 | -98.7% |
| FY26 Q3 | -251.0% |
| FY26 Q4 | -2457.7% |
| Fiscal year | 2020 Jun 2020 | 2021 Jun 2021 | 2022 Jun 2022 | 2023 Jun 2023 | 2024 Jun 2024 | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Revenue | 2 | 3 | 7 | 13 | 9 | 5 | 0 |
| Gross profit | 1 | 2 | 6 | 9 | 6 | 3 | 0 |
| EBITDA | −5 | −6 | −6 | −27 | −5 | −2 | — |
| Operating income | −5 | −6 | −6 | −29 | −7 | −3 | — |
| Net income | −5 | −6 | −6 | −29 | −6 | −3 | −17 |
| Diluted EPS | −$5.76 | −$6.72 | −$0.51 | −$16.40 | −$0.38 | −$1.04 | −$6.33 |
| Growth (year on year) | |||||||
| Revenue | — | +75.9% | +112.4% | +85.5% | −34.7% | −40.2% | −93.9% |
| Margins | |||||||
| Gross margin | 41.5% | 57.3% | 82.9% | 68.4% | 66.6% | 61.0% | 57.4% |
| EBITDA margin | −251.9% | −173.1% | −79.8% | −197.4% | −59.7% | −45.3% | — |
| Operating margin | −252.9% | −173.9% | −87.3% | −213.7% | −75.1% | −52.1% | — |
| Net margin | −256.7% | −178.0% | −82.1% | −211.9% | −72.6% | −48.5% | <−999% |
| Free-cash-flow margin | −105.7% | −36.2% | −70.8% | — | −59.5% | −5.6% | <−999% |
| Cash flow | |||||||
| Cash from operations | −2 | −1 | −5 | −9 | −5 | −0 | −4 |
| Capital spending | 0 | 0 | 0 | — | 0 | 0 | 0 |
| Free cash flow | −2 | −1 | −5 | — | −5 | −0 | −4 |
| Stock-based pay | — | — | 0 | 3 | 2 | 1 | — |
| Free cash flow after stock pay | — | — | −6 | — | −7 | −1 | — |
| Balance sheet | |||||||
| Cash | 1 | 2 | 16 | 6 | 2 | 7 | 3 |
| Total debt | 1 | 1 | — | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | 0 | −0 | −16 | −6 | −2 | −7 | −3 |
| Diluted shares | — | — | 1m | 2m | 2m | 2m | 3m |
| Quarter | 2025 Q1 Sept 2024 | 2025 Q2 Dec 2024 | 2025 Q3 Mar 2025 | 2025 Q4 Jun 2025 | 2026 Q1 Sept 2025 | 2026 Q2 Dec 2025 | 2026 Q3 Mar 2026 | 2026 Q4 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 2 | 3 | 1 | −2 | 1 | 1 | 1 | −3 |
| Gross profit | 2 | 2 | 1 | −2 | 1 | 1 | 1 | −2 |
| EBITDA | −1 | 0 | −1 | −0 | −1 | −1 | −13 | — |
| Operating income | −1 | 0 | −2 | −0 | −1 | −1 | −13 | — |
| Net income | −1 | 0 | −2 | −0 | −1 | −1 | −13 | −2 |
| Diluted EPS | −$0.06 | $0.00 | −$0.07 | −$0.91 | −$0.05 | −$0.06 | −$0.60 | −$5.62 |
| Growth (year on year) | ||||||||
| Revenue | −21.5% | +52.6% | −25.0% | −202.1% | −42.6% | −59.0% | −64.1% | — |
| EBITDA | −485.3% | — | — | — | — | <−999% | — | — |
| Margins | ||||||||
| Gross margin | 78.9% | 63.9% | 71.7% | 99.6% | 72.1% | 60.7% | — | 72.4% |
| EBITDA margin | −36.1% | 3.9% | −103.1% | 9.5% | −91.0% | −95.6% | <−999% | — |
| Operating margin | −42.4% | 0.2% | −111.4% | 7.5% | −95.6% | −97.1% | <−999% | — |
| Net margin | −41.6% | 0.8% | −105.6% | 3.5% | −73.9% | −94.3% | <−999% | 55.8% |
| Free-cash-flow margin | −17.8% | 4.9% | −10.2% | 7.8% | −92.8% | −57.5% | −283.4% | 27.1% |
| Cash flow | ||||||||
| Cash from operations | −0 | 0 | −0 | −0 | −1 | −1 | −1 | −1 |
| Capital spending | 0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Free cash flow | −0 | 0 | −0 | −0 | −1 | −1 | −1 | −1 |
| Stock-based pay | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Free cash flow after stock pay | −1 | 0 | −0 | −0 | −2 | −1 | — | — |
| Last 12 months unless stated | BTLN | GLE | AIOS | JZ | MGRT | SUPX | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $175521 | $3m | $5m | $10m | $11m | $20m | $334m |
| Revenue growth, last 12 months | −96.7% | −5.0% | −98.5% | −71.8% | 233.3% | >999% | 5.0% |
| Gross margin | 43.2% | 13.3% | 72.0% | 17.7% | 50.7% | −5.4% | 28.1% |
| Operating margin | <−999% | −57.9% | 29.0% | −24.1% | 20.3% | −500.2% | 4.0% |
| Operating margin, 3-year average | −454.4% | — | 22.1% | — | — | — | 7.4% |
| Net margin | <−999% | −72.8% | <−999% | −22.4% | 16.1% | −527.7% | 1.8% |
| Cash from operations / revenue | <−999% | −67.3% | −530.4% | −13.9% | −108.3% | −362.8% | 6.2% |
| Free-cash-flow margin | <−999% | −69.2% | −530.4% | −13.9% | −108.3% | −389.5% | 4.8% |
| Free-cash-flow margin, 3-year average | −850.8% | — | −182.4% | — | — | — | 6.6% |
| Stock pay / revenue | 44.2% | 16.1% | 0.1% | 14.5% | — | 257.6% | 2.2% |
| Change in share count | 42.2% | 6.7% | 14.4% | 50.9% | 7.9% | 148.1% | 0.9% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Software Services | $255,726 | 79.2% | ▼ 95.1% |
| Royalty Income | $67,253 | 20.8% | ▲ 142.8% |
From Brightline Interactive, Inc.'s 10-K filed September 28, 2026, 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.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Vanguard Capital Management LLC | $455,212 | 591K | 31.7% | 0.0% |
| Susquehanna International Group, LLP | $191,669 | 249K | 13.3% | ▲ 79.7% |
| Geode Capital Management, LLC | $111,290 | 145K | 7.7% | ▼ 18.4% |
| Renaissance Technologies LLC | $98,855 | 128K | 6.9% | ▼ 4.1% |
| Northrock Partners, LLC | $98,636 | 128K | 6.9% | ▼ 13.5% |
| Valeo Financial Advisors, LLC | $70,079 | 91K | 4.9% | New |
| Vanguard Fiduciary Trust Co | $68,389 | 89K | 4.8% | 0.0% |
| Modera Wealth Management, LLC | $63,242 | 82K | 4.4% | 0.0% |
| Jane Street Group, LLC | $42,600 | 55K | 3.0% | New |
| Nano Cap New Millennium Growth Fund L P | $38,495 | 50K | 2.7% | ▼ 50.0% |
| State Street Corp | $38,187 | 50K | 2.7% | 0.0% |
| Fny Investment Advisers, LLC | $35,000 | 46K | 2.4% | New |
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 Brightline Interactive, Inc.'s complete shareholder register. Values are as reported by the filers .
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.
Next expected around August 13, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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