Bridgeline Digital (BLIN)
NASDAQ:BLIN
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Bridgeline Digital
(NASDAQ:BLIN)
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Rating:53Neutral
Price Target:
$1.00
▲(2.04% Upside)
Action:Reiterated
Date:06/17/26
The score is held back primarily by continued losses and negative/weak cash generation despite strong gross margins and low leverage. Offsetting that, the latest earnings call points to improving operating trajectory and strong sales/pipeline indicators, while technicals are broadly neutral and valuation remains constrained by negative earnings.
Positive Factors
High gross margins and revenue momentum
Sustained ~27% revenue growth with ~66% gross margins indicates durable product economics from subscription revenue. High gross margins on recurring sales support scalable unit economics, allowing margin expansion and reinvestment in sales/engineering as ARR scales, aiding path to durable profitability.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow (~-$1.0M TTM) means the business currently consumes cash to operate and grow. Over the medium term this raises runway and financing risk, potentially forcing equity raises or dilution if sales-to-cash conversion and receivables collection don't improve.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins and revenue momentum
Sustained ~27% revenue growth with ~66% gross margins indicates durable product economics from subscription revenue. High gross margins on recurring sales support scalable unit economics, allowing margin expansion and reinvestment in sales/engineering as ARR scales, aiding path to durable profitability.
Read all positive factors
Bridgeline Digital Key Performance Indicators (KPIs)
Bridgeline Digital (BLIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.73M
Dividend YieldN/A
Average Volume (3M)62.22K
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue Growth0.53%
EPS Growth40.33%
CountryUS
Employees51
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.14
Shares Outstanding12,599,879
10 Day Avg. Volume45,642
30 Day Avg. Volume62,215
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)1.55
Price to Sales (P/S)0.96
P/FCF Ratio-13.21
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue0.78
Enterprise Value/Gross Profit1.21
Enterprise Value/Ebitda-10.83
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, Inc., established in Burlington, Massachusetts in 2000, functions as a dedicated provider of digital engagement solutions. Its primary product is the Bridgeline Unbound platform, a comprehensive suite empowering businesses and ...
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 Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Positive
The call emphasized strong commercial momentum: record new-logo wins, a substantial increase in average contract size driven by AI add-ons, 82% pipeline growth, improved operating discipline and markedly better adjusted EBITDA. However, reported GAAP revenue was flat year-over-year, gross profit declined slightly, services revenue slipped, and cash on hand is modest. The positives (accelerating sales, higher ASP, solid retention and pipeline growth) materially outweigh the negatives, which are largely timing and mix-related, suggesting the business is scaling but has not yet fully converted recent wins into recognized revenue.Positive Updates
Record New Logo Wins and Strong Sales Momentum
19 new logo wins in the quarter (the most in company history); $2.8M in total contract value (TCV) with $1.2M in annual recurring revenue (ARR); signed over $1M in professional services agreements; reported that sales this quarter tripled compared to the prior quarter.
Negative Updates
Top-Line Revenue Flat Year-over-Year
Total revenue for the quarter was $3.9M, unchanged from the prior-year period (0% YoY growth); subscription revenue was $3.1M, also flat versus prior year, indicating that strong new sales and TCV have not yet translated into GAAP revenue growth for the period.
Read all updates
Q2-2026 Updates
Positive
Negative
Record New Logo Wins and Strong Sales Momentum
19 new logo wins in the quarter (the most in company history); $2.8M in total contract value (TCV) with $1.2M in annual recurring revenue (ARR); signed over $1M in professional services agreements; reported that sales this quarter tripled compared to the prior quarter.
Read all positive updates
Company Guidance
Management guided to continued acceleration in the HawkSearch Suite—driven by new AI products like the Hawk AI Shopping Assistant—and framed that outlook with a host of metrics: pipeline is up 82% YoY to over 500 qualified leads and roughly $5.0–5.5M in ARR (AQLs that historically close ~20% with a 120–150 day sales cycle, implying ~ $1M of convertible ARR), this quarter delivered 19 new-logo wins and $2.8M in TCV (including $1.2M in ARR and >$1M in professional services), average new SaaS license price rose to $44K ARR (vs. $30K last quarter and $21K a year ago), existing-customer add-ons averaged $28K ARR, core products drove 65% of subscription revenue (up from 61% a year ago) with net revenue retention of 107%, and company financials show $3.9M total revenue ($3.1M subscription, 80%), 64% gross margin (subscription 69%, services 47%), operating expenses $2.9M, net loss $0.4M, adjusted EBITDA -$43K (improved from -$239K), cash $1.4M and total debt ≈€182K (~$209K).Bridgeline Digital Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.55M | 15.38M | 15.36M | 15.88M | 16.82M | 13.26M |
| Gross Profit | 10.01M | 10.24M | 10.43M | 10.87M | 11.70M | 8.73M |
| EBITDA | -1.12M | -1.64M | -831.00K | -7.79M | -125.00K | 1.34M |
| Net Income | -1.67M | -2.52M | -1.96M | -9.44M | 2.15M | -6.69M |
Balance Sheet | ||||||
| Total Assets | 15.32M | 15.33M | 15.60M | 17.63M | 27.51M | 34.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.37M | 1.63M | 1.39M | 2.38M | 2.86M | 8.85M |
| Total Debt | 665.00K | 460.00K | 689.00K | 1.09M | 1.61M | 2.57M |
| Total Liabilities | 6.09M | 5.76M | 5.60M | 6.17M | 7.16M | 17.39M |
| Stockholders Equity | 9.23M | 9.57M | 10.01M | 11.46M | 20.35M | 17.58M |
Cash Flow | ||||||
| Free Cash Flow | -1.02M | -1.12M | -794.00K | 252.00K | -329.00K | -1.10M |
| Operating Cash Flow | -989.00K | -1.10M | -765.00K | 277.00K | -134.00K | -989.00K |
| Investing Cash Flow | -55.00K | -18.00K | -29.00K | -25.00K | -195.00K | -4.52M |
| Financing Cash Flow | -333.00K | 1.36M | -209.00K | -649.00K | -5.48M | 13.47M |
Bridgeline Digital Technical Analysis
Neutral
0.98
Price Trends
0.99
Positive
0.92
Positive
1.03
Negative
Market Momentum
<0.01
Positive
46.54
Neutral
19.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLIN, the sentiment is Neutral. The current price of 0.98 is below the 20-day moving average (MA) of 1.08, below the 50-day MA of 0.99, and below the 200-day MA of 1.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.54 is Neutral, neither overbought nor oversold. The STOCH value of 19.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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)
BLIN
Bridgeline Digital
1.01
-0.46
-31.29%
DTSS
Datasea
0.76
-1.23
-61.81%
BNAI
Brand Engagement Network
20.03
17.14
593.08%
FAASF
DigiAsia
0.03
-0.50
-94.51%
Bridgeline Digital Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Bridgeline Digital Regains Nasdaq Minimum Bid Compliance
Positive
Jun 16, 2026
On January 29, 2026, Bridgeline Digital, Inc. disclosed that it had received notice from Nasdaq that its common stock had closed below the $1.00 minimum bid price requirement for 30 consecutive business days ended January 28, 2026, putting the com...
Business Operations and StrategyFinancial Disclosures
Bridgeline Digital wins key HawkSearch wholesale distribution deal
Positive
May 4, 2026
On April 28, 2026, Bridgeline Digital announced that an Ohio-based wholesaler serving the plumbing, HVAC, and electrical trades selected its HawkSearch platform to enhance product discovery on a Magento eCommerce site. The deployment will replace ...
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.