# Bridgeline Digital, Inc. (BLIN)

> Source: Nexqual · https://nexqual.com/BLIN · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Bridgeline Digital, Inc. (BLIN), nexqual.com/BLIN" · informational, not investment advice.

**Price:** USD 0.72 (-0.47% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 0.72 · day 0.71–0.74 · 52w 0.66–1.42 · market cap $9.0M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $15.6M, net income -$1.4M (-8.6% margin), free cash flow -$315K (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -44.6% vs S&P 500 +13.4%; 5Y -78.9% vs S&P 500 +76.9%.
- Next earnings: 2026-08-13, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $13.3M | $16.8M | $15.9M | $15.4M | $15.4M | $15.6M |
| Gross profit | $8.7M | $11.7M | $10.9M | $10.4M | $10.2M | — |
| Operating income | -$1.2M | -$1.9M | -$9.9M | -$2.0M | -$2.4M | -$1.5M |
| Net income | -$6.7M | $2.1M | -$9.4M | -$2.0M | -$2.5M | -$1.4M |
| EPS (diluted) | -$1.47 | $0.20 | -$0.91 | -$0.19 | -$0.25 | — |
| Free cash flow | -$1.1M | -$251K | $252K | -$794K | -$1.1M | -$315K |
| Gross margin | 65.8% | 69.6% | 68.4% | 67.9% | 66.6% | — |
| Operating margin | -8.9% | -11.3% | -62.4% | -13.1% | -15.8% | -9.9% |
| Net margin | -50.4% | 12.8% | -59.4% | -12.8% | -16.4% | -8.6% |
| Revenue growth | +21.6% | +26.8% | -5.6% | -3.3% | +0.2% | — |
| Cash + short-term investments | $8.9M | $2.9M | $2.4M | $1.4M | $1.6M | — |
| Total debt | $1.9M | $1.0M | $700K | $500K | $326K | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.6x · EV/Sales 0.5x · P/B 1.0x · FCF yield -3.49% · Earnings yield -14.97% · Net cash $1.3M · EV $7.7M

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -44.6% | -78.9% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -44.7% | -26.8% |
| Volatility (annualized) | 66.7% | 57.6% |
| Max drawdown | -49.3% (Jul 2026→Oct 2026) | -79.9% (Nov 2021→Feb 2026) |

## Peers (Software - Infrastructure)
CORZ (Core Scientific, Inc.) USD 13.1 -0.76% · BLSH (Bullish) USD 28.21 -3.36% · DLO (DLocal Limited) USD 15.06 +1.48% · TENB (Tenable Holdings, Inc.) USD 44.59 +6.17% · BB (BlackBerry Limited) USD 8.92 +3.84% · RELY (Remitly Global, Inc.) USD 24.82 -1.97%

## More
Full page: https://nexqual.com/BLIN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BLIN's own 10-K filed 2025-12-19 (https://www.sec.gov/Archives/edgar/data/1378590/000143774925038337/blin20250930_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amazon (AMZN) | "We host our SaaS and managed hosting customers via a third-party, Amazon Web Services." |
| Partner | Adobe (ADBE) | "We currently have partner relationships with platforms such as Adobe, BigCommerce, Optimizely, Sitefinity, Shopify, Unilog and others." |
| Partner | Shopify (SHOP) | "We currently have partner relationships with platforms such as Adobe, BigCommerce, Optimizely, Sitefinity, Shopify, Unilog and others." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Subscription | $3.1M | 78.9% | -0.9% |
| — Subscription Saas (part of Subscription) | $2.4M | 60.2% | -8.2% |
| — Subscription Hosting (part of Subscription) | $604,000 | 15.4% | +35.7% |
| — Subscription Maintenance (part of Subscription) | $129,000 | 3.3% | +24.0% |
| Service | $827,000 | 21.1% | +14.2% |
| Total revenue | $3.9M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $3.5M | 89.9% | +9.5% |
| Non Us | $396,000 | 10.1% | -36.6% |
| Total revenue | $3.9M | 100% | — |

## Company outlook (8-K filed 2026-10-06)

- "The company expects Core products to achieve double-digit growth and NRR above 105% for fiscal 2026."
- "Our current customer win rate is one per week, and we expect that to grow in 2027." Other Terms Core Product revenue includes all subscription license and services revenue from HawkSearch, WooRank licenses for HawkSearch customers, and AccessiBe."
- "These "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, are based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us, all of which are subject to change."
- "Bridgeline Digital, Inc. assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by applicable law."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends 2026-09-30) | — | — | — | $0 | — |
| Current fiscal year (ends 2026-09-30) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |