📊 BLIN Key Takeaways
Investment Thesis
Bridgeline Digital faces structural profitability challenges with negative operating margins and negative free cash flow despite maintaining a healthy 66% gross margin, indicating operational inefficiency. The company's liquidity position is severely stressed with a current ratio of 0.71x and minimal cash generation, while revenue growth of just 0.2% YoY demonstrates a stagnant market position with limited momentum.
BLIN Strengths
- Strong gross margin of 66.1% indicates healthy underlying product economics and pricing power
- Conservative capital structure with low debt-to-equity ratio of 0.02x provides financial flexibility
- Positive stockholders' equity of 9.6M provides some cushion against further losses
BLIN Risks
- Negative operating cash flow of -39K combined with -46K free cash flow indicates the company is burning cash and not self-sustaining
- Current ratio of 0.71x signals acute liquidity stress and potential difficulty meeting short-term obligations
- Stagnant revenue growth of 0.2% YoY paired with operating losses suggests competitive pressure and inability to achieve profitable scale
- Negative operating margins of -4.4% with deteriorating EPS indicate fundamental business model challenges beyond temporary headwinds
Key Metrics to Watch
- Operating cash flow trend - must turn positive for viability
- Revenue growth acceleration - 0.2% is insufficient; need >5% to justify turnaround narrative
- Operating margin improvement - pathway to profitability is critical
- Cash burn rate and runway - monitor quarterly cash depletion relative to 1.5M cash balance
- Customer retention and customer acquisition costs - determine if gross margin sustainability is at risk
BLIN Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BLIN Profitability Ratios
BLIN vs Technology Sector
How Bridgeline Digital, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BLIN Balance Sheet & Liquidity
BLIN 5-Year Financial Trend
5-Year Trend Summary: Bridgeline Digital, Inc.'s revenue has grown significantly by 16% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.19 indicates the company is currently unprofitable.
BLIN Growth Metrics (YoY)
BLIN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $3.8M | -$86.0K | $-0.01 |
| Q3 2025 | $3.8M | -$305.0K | $-0.03 |
| Q2 2025 | $3.8M | -$602.0K | $-0.06 |
| Q1 2025 | $3.8M | -$622.0K | $-0.06 |
| Q3 2024 | $3.9M | -$80.0K | $-0.03 |
| Q2 2024 | $3.8M | -$80.0K | $-0.05 |
| Q1 2024 | $3.8M | -$80.0K | $-0.01 |
| Q3 2023 | $3.9M | -$80.0K | $0.04 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BLIN Capital Allocation
BLIN SEC Filings
Access official SEC EDGAR filings for Bridgeline Digital, Inc. (CIK: 0001378590)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BLIN
What is the AI rating for BLIN?
Bridgeline Digital, Inc. (BLIN) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BLIN's key strengths?
Strong gross margin of 66.1% indicates healthy underlying product economics and pricing power. Conservative capital structure with low debt-to-equity ratio of 0.02x provides financial flexibility.
What are the risks of investing in BLIN?
Negative operating cash flow of -39K combined with -46K free cash flow indicates the company is burning cash and not self-sustaining. Current ratio of 0.71x signals acute liquidity stress and potential difficulty meeting short-term obligations.
What is BLIN's revenue and growth?
Bridgeline Digital, Inc. reported revenue of $3.9M.
Does BLIN pay dividends?
Bridgeline Digital, Inc. does not currently pay dividends.
Where can I find BLIN SEC filings?
Official SEC filings for Bridgeline Digital, Inc. (CIK: 0001378590) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BLIN's EPS?
Bridgeline Digital, Inc. has a diluted EPS of $-0.01.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.