Company Analysis

Bridgeline Digital, Inc. (BLIN)

Nasdaq: BLIN · Services-Prepackaged Software · Woburn, MA · filing with the SEC since 2006
Grade4.1
◀ Past 3.2● Present 4.8▶ Future 4.1
1 est.

The grade of Bridgeline Digital, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past3.225% of the headline
● Present4.835% of the headline
▶ Future4.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.2/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.7/10

Has it survived what it has been through?

10 warning events since 2017; the latest 2026-10-16.

weight 22% of this tense · 17th percentile among 230 sector filers · read for itself

From the record

Bridgeline Digital, Inc.'s filings since 2017 show 10 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 9 times, the latest 2026-10-16); an auditor change (8-K item 4.01, the latest 2021-03-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.8/10

What has it actually done, year after year?

+1.8% a year over 8 filed years; profitable in 2 of 8.

weight 45% of this tense · 28th percentile among 213 sector filers · read for its customers

From the record

Bridgeline Digital, Inc.'s 8 filed years say what it did: revenue went from $14 million in fiscal 2018 to $15 million in fiscal 2025, up 1.8% a year; it rose in 4 of 7 years; the deepest fall was 27% from fiscal 2018 to fiscal 2019; net income was positive in 2 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.8%bottom 16% of its family
  • the share of years revenue rosebottom 19% of its family
  • the share of filed years with a profittop 48% of its family
  • the deepest fall from a revenue peak26.7%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.9/10

How has it treated the people who own it?

SI estimate 4.9/10, confidence 35 of 100 (one part).

weight 33% of this tense · 49th percentile among 216 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 49% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 216 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Bridgeline Digital, Inc.'s shareholder treatment is put at 4.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 49% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.8/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.3/10

Is it financially healthy right now?

ROE -26%: lost 26¢ per shareholder dollar. Leverage 38%: owes 38¢ per asset dollar.

weight 45% of this tense · 53rd percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-09-30, Bridgeline Digital, Inc. lost about 26 cents for every dollar of shareholders' money, and gross profitability: its products earned about 67 cents per dollar of everything the company owns. Leverage: it owed about 38 cents per dollar of assets, and net share issuance: its share count grew 7.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 39% of its family
  • return on equitybottom 30% of its family
  • gross profit against assetstop 12% of its family
  • the share count against the year beforebottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.2/10

How strong is its position in its industry?

bottom 22% of 218 in its family; net margin -16.4%.

weight 33% of this tense · 22nd percentile among 218 sector filers · read for its customers

From the record

Bridgeline Digital, Inc.'s standing among 218 graded names in its industry family: revenue of $15 million in fiscal 2025 ranks in the bottom 16% by size; a net margin of -16.4% ranks in the bottom 34%; revenue growth of -2.9% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$15.4Mbottom 16% of its family
  • net margin-16.4%bottom 34% of its family
  • three-year revenue growth-2.9%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.6/10

What are the people in charge doing?

top 24% of 139 in its family for leadership; chief executive since 2016.

weight 22% of this tense · 76th percentile among 139 sector filers · read for its shareholders

From the record

Bridgeline Digital, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kahn, Roger E. (President and CEO, as filed), filing under that title since 2016-05-19, 10.5 years (top 12% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 8.1 years (top 15%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (top 46%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 6 peopletop 46% of its family
  • the median years the people in charge have filed8.1 yearstop 15% of its family
  • the chief executive's years on the record10.5 yearstop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.4/10

How much room does it have to grow?

bottom 44% of 216 in its family for room to expand.

weight 22% of this tense · 44th percentile among 216 sector filers · read for itself

From the record

Bridgeline Digital, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $2 million against debt of $326 thousand leaves 8.5% of its assets as net cash, bottom 40% of its family; cash from operations less capital spending is -7.3% of revenue (bottom 24%); a gross margin of 66.6% (bottom 43%); research spending of 26.2% of revenue (top 32%) (its annual report).

What it rests on

  • cash less debt against assets8.5%bottom 40% of its family
  • cash from operations less capital spending against revenue-7.3%bottom 24% of its family
  • gross margin66.6%bottom 43% of its family
  • research spending against revenue26.2%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.3/10

What could actually drive growth from here?

bottom 33% of 213 in its family for growth drivers.

weight 45% of this tense · 33rd percentile among 213 sector filers · read for its customers

From the record

Bridgeline Digital, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2.9% a year over the last three filed years against 1.8% over all 8, slowing (top 48% of its family); the newest year grew 0.2% (bottom 17%); research spending grew 7.7% a year (top 48%); capital spending grew -46.4% a year (bottom 11%) (its annual reports). Bridgeline Digital, Inc. reported 4 product lines in fiscal 2025: Subscription Saas at $10 million (67%), Services at $3 million (20%), Subscription Hosting at $2 million (10%), and 1 more; 1 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-4.7 points a yeartop 48% of its family
  • the newest year's revenue growth0.2%bottom 17% of its family
  • three-year growth of research spending7.7%top 48% of its family
  • three-year growth of capital spending-46.4%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.9/10

Did its newest year beat what its own record pointed to?

bottom 49% of 194 in its family for expectations against reality.

weight 33% of this tense · 49th percentile among 194 sector filers · read for its shareholders

From the record

Bridgeline Digital, Inc.'s newest year against its own record: revenue of $15 million in fiscal 2025 came in 4.8% above the $15 million its prior three years' pace pointed to (top 28% of its family); net income of $3 million against a prior three-year average of $3 million (bottom 36%); a net margin of -16.4% against -19.8% before (bottom 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.8%top 28% of its family
  • net income against the prior three years' average+18%bottom 36% of its family
  • net margin against its prior average+3.4 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BLIN · research, not advice