Bridgeline Digital (BLIN)
NASDAQ:BLIN
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Bridgeline Digital
(NASDAQ:BLIN)
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Rating:53Neutral
Price Target:
$0.81
▼(-17.45% Downside)
Action:ReiteratedDate:02/21/26
The score is held back primarily by ongoing losses and negative free cash flow despite strong TTM revenue growth and solid gross margins, with additional overhang from the Nasdaq bid-price notice. Offsetting these risks, the earnings call indicated improving operating momentum (positive adjusted EBITDA, expanding ARR and product adoption) and the stock shows modest near-term technical strength, though longer-term trend indicators remain weak and valuation support is limited due to negative earnings.
Positive Factors
High Recurring Revenue Mix
An 81% subscription mix creates predictable, recurring revenue that supports customer lifetime value and reduces revenue volatility. Combined with rising average subscription size and 107% net retention, this durable mix enables scalable upsell, stickiness and improved margin conversion over months.
Negative Factors
Negative Operating and Free Cash Flow
Sustained negative operating and free cash flow indicate the business still consumes cash despite revenue gains. This creates reliance on external financing or equity issuance to fund growth and may constrain marketing, product investment, and the pace of converting ARR into durable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
High Recurring Revenue Mix
An 81% subscription mix creates predictable, recurring revenue that supports customer lifetime value and reduces revenue volatility. Combined with rising average subscription size and 107% net retention, this durable mix enables scalable upsell, stickiness and improved margin conversion over months.
Read all positive factors
Bridgeline Digital (BLIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.38M
Dividend YieldN/A
Average Volume (3M)62.22K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth0.16%
EPS Growth-36.86%
CountryUS
Employees51
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)<0.01
Shares Outstanding12,599,879
10 Day Avg. Volume45,642
30 Day Avg. Volume62,215
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)1.55
Price to Sales (P/S)0.96
P/FCF Ratio-13.21
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit0.93
Enterprise Value/Ebitda-6.88
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)$18.50M
Bridgeline Digital Business Overview & Revenue Model
Company Description
Bridgeline Digital (BLIN) is a technology company that specializes in providing digital experience solutions, primarily in the areas of web content management, e-commerce, and digital marketing. The company offers a suite of products and services ...
How the Company Makes Money
Bridgeline Digital generates revenue primarily by selling access to its software products (typically via recurring subscriptions/licenses) and by providing related professional services. Key revenue streams generally include: (1) subscription/lice...
Bridgeline Digital Key Performance Indicators (KPIs)
Bridgeline Digital Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call presented multiple operational and financial improvements—strong product-led growth (HawkSearch and AI), rising ARR and average subscription value, product innovation, improved adjusted EBITDA and a reduced net loss. Offsetting items include a dip in net revenue retention versus the prior quarter, modest overall revenue growth, slight subscription margin compression, and a modest cash balance. On balance, the positive traction in core product adoption, ARR expansion, product releases and return to adjusted EBITDA exceed the callouts of near-term revenue and margin headwinds.Positive Updates
Core Product Revenue Growth
Core products (HawkSearch Suite and AI) represented 60% of total revenue and grew 17% quarter-over-quarter to $2.4M from $2.0M; trailing 12-month revenue for core products increased to $9.2M from $8.8M.
Negative Updates
Net Revenue Retention Decline
Net revenue retention fell to 107% from 116% last quarter, reflecting slower expansion/churn dynamics compared with the prior quarter despite remaining above 100%.
Read all updates
Q1-2026 Updates
Positive
Negative
Core Product Revenue Growth
Core products (HawkSearch Suite and AI) represented 60% of total revenue and grew 17% quarter-over-quarter to $2.4M from $2.0M; trailing 12-month revenue for core products increased to $9.2M from $8.8M.
Read all positive updates
Company Guidance
Management guided that HawkSearch and core products should exceed 70% of total revenue this year, with HawkSearch growth aimed to rise from 17% this quarter to about 20% for the year; they expect subscription gross margin to hover near 70%, services gross margin in the low-50s (≈53%), and consolidated gross margins of roughly 65–67%. Management pointed to a 107% net revenue retention, expanding ARRs (new-customer ARR +12% this quarter to $28k; average subscription per customer $33k, up from $30k last quarter and $25k a year ago), and a strong pipeline and add-on adoption (13 new licenses this quarter: $1.2M TCV, >$350k ARR and $700k in professional services) that should drive faster, more profitable growth while allowing targeted, efficient additional marketing investment.Bridgeline Digital Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.51M | 15.38M | 15.36M | 15.88M | 16.82M | 13.26M |
| Gross Profit | 10.29M | 10.24M | 10.43M | 10.87M | 11.70M | 8.73M |
| EBITDA | -1.40M | -1.64M | -831.00K | -7.79M | -125.00K | 1.34M |
| Net Income | -1.97M | -2.52M | -1.96M | -9.44M | 2.15M | -6.69M |
Balance Sheet | ||||||
| Total Assets | 15.74M | 15.33M | 15.60M | 17.63M | 27.51M | 34.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.48M | 1.63M | 1.39M | 2.38M | 2.86M | 8.85M |
| Total Debt | 723.00K | 460.00K | 689.00K | 1.09M | 1.61M | 2.57M |
| Total Liabilities | 6.18M | 5.76M | 5.60M | 6.17M | 7.16M | 17.39M |
| Stockholders Equity | 9.55M | 9.57M | 10.01M | 11.46M | 20.35M | 17.58M |
Cash Flow | ||||||
| Free Cash Flow | -1.35M | -1.12M | -794.00K | 252.00K | -329.00K | -1.10M |
| Operating Cash Flow | -1.32M | -1.10M | -765.00K | 277.00K | -134.00K | -989.00K |
| Investing Cash Flow | -30.00K | -18.00K | -29.00K | -25.00K | -195.00K | -4.52M |
| Financing Cash Flow | 1.35M | 1.36M | -209.00K | -649.00K | -5.48M | 13.47M |
Bridgeline Digital Technical Analysis
Negative
0.98
Price Trends
0.85
Negative
0.89
Negative
1.14
Negative
Market Momentum
>-0.01
Positive
43.39
Neutral
40.93
Neutral
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 0.98 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.85, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.39 is Neutral, neither overbought nor oversold. The STOCH value of 40.93 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bridgeline Digital Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $10.38M | -29.08 | -25.73% | ― | 0.16% | -36.86% | |
50 Neutral | $248.41M | -1.25 | -611.70% | ― | -24.72% | 53.60% | |
43 Neutral | $7.08M | -1.08 | 542.13% | ― | -44.25% | 82.71% | |
42 Neutral | $9.07M | -2.78 | -88.69% | ― | 68.56% | 89.48% |
* Technology Sector Average
BLIN
Bridgeline Digital
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Bridgeline Digital Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Bridgeline Digital Receives Nasdaq Notice on Bid Price
Negative
Feb 3, 2026
On January 29, 2026, Bridgeline Digital, Inc. disclosed that it had received a notice from Nasdaq stating that the company’s common stock had failed to meet the exchange’s minimum bid price requirement of $1.00 per share for 30 consecu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.