Want to see BLIN full AI Analyst Report?
Bridgeline Digital (BLIN) AI Stock Analysis
Bridgeline Digital
(NASDAQ:BLIN)
BLIN scores below average primarily due to continued losses and negative free cash flow, combined with weak technicals (price below key moving averages with negative MACD and depressed RSI/Stoch). The earnings call adds some offset via improving core metrics and a cash-neutrality focus, but valuation support is limited given a negative P/E and no dividend, and the Nasdaq bid-price deficiency adds incremental risk.
Bridgeline Digital Key Performance Indicators (KPIs)
Revenue by GeographyBreaks down where the company’s revenue is generated across countries or regions. Geographic concentration for Bridgeline Digital can sharpen competitive or regulatory risk in a single market, while a broader footprint points to more diversified demand and multiple avenues for growth.
U.S. revenue has become the clear growth engine, showing sustained acceleration into late‑2025 that aligns with management’s HawkSearch/product-led traction and rising ARR per customer; international revenue is small, volatile and has trended downward, eroding geographic diversification. In short, future upside depends on converting recent U.S. license wins and ARR gains into durable subscription growth—otherwise the shrinking international base and limited cash cushion could constrain overall momentum.
The FlyBridgeline Digital (BLIN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $8.43M
- Dividend Yield
- ―
- Average Volume (3M)
- 49.84K
- Price to Earnings (P/E)
- -5.9
- Beta (1Y)
- 0.46
- Revenue Growth
- 1.61%
- EPS Growth
- 58.69%
- Country
- US
- Employees
- 40
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Infrastructure
Bridgeline Digital Business Overview & Revenue Model
Company Description
Bridgeline Digital, Inc. operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, and developers; Celebr...
How the Company Makes Money
Bridgeline Digital primarily makes money by selling access to its proprietary software products, typically structured as recurring software subscriptions (SaaS) and/or software licenses with ongoing maintenance and support. A second revenue stream co...
Bridgeline Digital Earnings Call Summary
The call highlights meaningful product and sales momentum in the core AI-powered HawkSearch suite — including record/tied new logo wins, strong core net revenue retention (106%), notable contract bookings ($1.7M TCV, >$370k ARR), and Gartner #1 recognition — alongside improving profitability trends (smaller GAAP loss, materially improved adjusted EBITDA). However, consolidated revenue growth is modest, subscription revenue was flat, margins showed slight compression, and cash on hand is limited. Management plans to maintain measured ad spend and prioritize growth investment, expecting core to represent an even larger share next year. Overall, the positive operational and product signals outweigh the near-term financial constraints and risks, resulting in an optimistic but cautious outlook.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The company's forward-looking guidance emphasized maintaining sales/marketing spend at about $350,000 per quarter (down from a planned $500,000), staying cash‑neutral overall with some quarters modestly negative or positive in 2027 while retaining more than one year of cash, and accelerating core growth so core revenue exceeds 70% of total revenue and core subscription revenue exceeds 75% next year (core is currently 62% of total and 66% of subscription revenue). Management reiterated strong core metrics today: core net revenue retention 106%, core product revenue $2.4M this quarter (vs. $2.2M prior year; 13% TTM growth), and recent bookings of 9 new logos, 19 subscription contracts, $1.7M total contract value and >$370k ARR. Current quarter financials tied to that guidance: total revenue $3.9M (subscription $3.1M, services $0.8M), gross profit $2.5M, gross margin 46% (subscription margin 69%, services margin 47%), operating expenses $3.0M, net loss $0.5M, adjusted EBITDA -$102k, cash $1.5M, AR $1.2M, debt $187k at 3.5%, total assets $15.3M and liabilities $6.4M.
Bridgeline Digital Financial Statement Overview
Summary
Financials are mixed. Positives include materially improved TTM revenue growth (+48.9%) and strong gross margins (~64–68%) with low leverage (debt-to-equity ~0.10). Offsetting these, BLIN remains unprofitable (TTM net margin ~-8.6%) and cash generation is weak with negative TTM operating cash flow and free cash flow (about -$0.27M and -$0.32M), keeping execution and funding risk elevated.
Income Statement
44NeutralBalance Sheet
73PositiveCash Flow
36Negative| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.62M | 15.38M | 15.36M | 15.88M | 16.82M | 13.26M |
| Gross Profit | 9.99M | 10.24M | 10.43M | 10.87M | 11.70M | 8.73M |
| EBITDA | -933.00K | -1.64M | -831.00K | -7.79M | -125.00K | 1.34M |
| Net Income | -1.35M | -2.52M | -1.96M | -9.44M | 2.15M | -6.69M |
Balance Sheet | ||||||
| Total Assets | 15.33M | 15.33M | 15.60M | 17.63M | 27.51M | 34.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.47M | 1.63M | 1.39M | 2.38M | 2.86M | 8.85M |
| Total Debt | 882.00K | 460.00K | 689.00K | 1.09M | 1.61M | 2.57M |
| Total Liabilities | 6.43M | 5.76M | 5.60M | 6.17M | 7.16M | 17.39M |
| Stockholders Equity | 8.89M | 9.57M | 10.01M | 11.46M | 20.35M | 17.58M |
Cash Flow | ||||||
| Free Cash Flow | -315.00K | -1.12M | -794.00K | 252.00K | -329.00K | -1.10M |
| Operating Cash Flow | -269.00K | -1.10M | -765.00K | 277.00K | -134.00K | -989.00K |
| Investing Cash Flow | -93.00K | -18.00K | -29.00K | -25.00K | -195.00K | -4.52M |
| Financing Cash Flow | -260.00K | 1.36M | -209.00K | -649.00K | -5.48M | 13.47M |
Bridgeline Digital Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLIN, the sentiment is Negative. The current price of 0.67 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.81, and below the 200-day MA of 0.94, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 38.85 is Neutral, neither overbought nor oversold. The STOCH value of 43.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLIN.
Bridgeline Digital Risk Analysis
Bridgeline Digital disclosed 26 risk factors in its most recent earnings report. Bridgeline Digital reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksBridgeline Digital Peers Comparison
Overall Rating
BOX73Outperform
TWLO72Outperform
CINT67Neutral
AKAM57Neutral- BLIN48Neutral
NET48Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| BOX | 73Outperform | $6.04B | 61.53 | 217.31% | ― | 9.63% | -45.56% |
| TWLO | 72Outperform | $33.04B | 24.15 | 15.08% | ― | 19.10% | 1795.49% |
| CINT | 67Neutral | $396.76M | 11.13 | 11.69% | ― | 19.51% | 15.80% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AKAM | 57Neutral | $12.35B | 29.04 | 8.49% | ― | 5.87% | -0.31% |
| BLIN | 48Neutral | $9.36M | -5.92 | -14.51% | ― | 1.61% | 58.69% |
| NET | 48Neutral | $94.92B | -423.15 | -13.86% | ― | 33.53% | -72.17% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BLIN | Bridgeline Digital | 0.67 | -0.49 | -42.41% | |
| AKAM | Akamai Technologies | 77.84 | -5.90 | -7.05% | |
| BOX | Box Inc. | 43.55 | 12.20 | 38.92% | |
| TWLO | Twilio Inc | 200.96 | 73.28 | 57.39% | |
| NET | Cloudflare Inc | 244.51 | 11.70 | 5.03% | |
| CINT | Ci&T, Inc. | 3.13 | -1.37 | -30.44% |
Bridgeline Digital Corporate Events
Bridgeline Digital Faces Nasdaq Minimum Bid Price Deficiency
NegativeOn October 14, 2026, Bridgeline Digital disclosed it had received a notice from Nasdaq’s Listing Qualifications Department stating that its common stock failed to meet the $1.00 minimum bid price requirement for thirty consecutive business days...
Bridgeline Digital Shareholders Back Board, Pay and Auditor
PositiveOn September 17, 2026, Bridgeline Digital, Inc. held its 2026 Annual Meeting of Stockholders, with 54.0% of the 12,599,879 eligible shares represented in person or by proxy. Stockholders elected Brandon Ross to the Board of Directors for a three̴...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 17, 2026