B
Bridgeline Digital, Inc.
BLINCIK 0001378590NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Sep 30
Period
FY 2025
Revenue
$15.38M
Net Income
$-2.52M
Total Assets
$15.33M
Equity
$9.57M
Shares Out
12.60M
Op. Cash Flow
$-1.10M
Business
Bridgeline Digital, Inc. is an AI-powered marketing technology company that helps companies grow online revenue by driving website traffic, converting visitors to purchasers, and increasing average order value. It offers AI-driven site search and personalization (HawkSearch and Celebros), a Hawk AI product suite, digital experience platforms (Unbound, OrchestraCMS, TruPresence), SEO auditing (WooRank), cloud SaaS and perpetual licensing, and professional services. Its operations are organized primarily into Subscription and Services offerings. The company sells directly to mid-sized and large enterprises across verticals and through partner integrations and managed hosting channels.
Summary from filing dated 2025-12-19
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Net revenue | 15 | 15 | 16 | 17 | 13 | |
| Cost of revenue | 5 | 5 | 5 | 5 | 5 | |
| Gross profit | 10 | 10 | 11 | 12 | 9 | |
| Sales and marketing | 4 | 4 | 5 | 5 | 3 | |
| General and administrative | 3 | 3 | 3 | 3 | 2 | |
| Research and development | 4 | 4 | 4 | 3 | 2 | |
| Depreciation and amortization | 779,000 | 1 | 2 | 2 | 1 | |
| Restructuring and acquisition related expenses | 242,000 | 210,000 | 132,000 | 164,000 | 1 | |
| Total operating expenses | 13 | 12 | 21 | 14 | 10 | |
| Loss from operations | −2 | −2 | −10 | −2 | −1 | |
| Interest expense and other, net | −126,000 | −61,000 | −189,000 | 417,000 | −883,000 | |
| Change in fair value of warrant liabilities | −4,000 | 100,000 | 600,000 | 4 | −6 | |
| Loss before income taxes | −3 | −2 | −10 | 2 | −8 | |
| Provision for (benefit from) income taxes | −39,000 | −43,000 | −94,000 | 30,000 | −1 | |
| Net loss | −3 | −2 | −9 | 2 | −7 | |
| Redemption of Series C Convertible Preferred Stock | −331,000 | 0 | — | — | — | |
| Net loss attributable to common shareholders | −3 | −2 | — | 2 | −9 | |
| Basic (in dollars per share) | −0.25 | −0.19 | −0.91 | 0.21 | −1.47 | |
| Diluted (in dollars per share) | −0.25 | −0.19 | −0.91 | 0.2 | −1.47 | |
| Basic (in shares) | 11 | 10 | 10 | 10 | 6 | |
| Diluted (in shares) | 11 | 10 | 10 | 10 | 6 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2 | 1 | 2 | 3 | 9 | |
| Accounts receivable, net | 2 | 1 | 1 | 1 | 1 | |
| Prepaid expenses and other current assets | 310,000 | 269,000 | 278,000 | 242,000 | 196,000 | |
| Total current assets | 3 | 3 | 4 | 4 | 10 | |
| Property and equipment, net | 46,000 | 74,000 | 151,000 | 268,000 | 252,000 | |
| Operating lease assets | 134,000 | 163,000 | 390,000 | 589,000 | 481,000 | |
| Intangible assets, net | 3 | 4 | 5 | 6 | 8 | |
| Goodwill, net | 8 | 8 | 8 | 16 | 16 | |
| Other assets | 24,000 | 42,000 | 73,000 | 123,000 | 76,000 | |
| Total assets | 15 | 16 | 18 | 28 | 35 | |
| Current portion of operating lease liabilities | 61,000 | 157,000 | 148,000 | 199,000 | 161,000 | |
| Accounts payable | 2 | 1 | 1 | 972,000 | 974,000 | |
| Accrued liabilities | 819,000 | 988,000 | 995,000 | 995,000 | 908,000 | |
| Deferred revenue | 2 | 2 | 2 | 2 | 2 | |
| Total current liabilities | 5 | 5 | 5 | 5 | 8 | |
| Operating lease liabilities, net of current portion | 73,000 | 6,000 | 241,000 | 390,000 | 320,000 | |
| Warrant liabilities | 102,000 | 98,000 | 174,000 | 749,000 | 4 | |
| Other long-term liabilities | 431,000 | 520,000 | 572,000 | 646,000 | 774,000 | |
| Total liabilities | 6 | 6 | 6 | 7 | 17 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Common stock - $0.001 par value; 50,000,000 shares authorized; 12,224,399 shares issued and outstanding at September 30, 2025 and 10,417,609 shares issued and outstanding at September 30, 2024 | 12,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
| Additional paid-in capital | 104 | 102 | 101 | 101 | 100 | |
| Accumulated deficit | −94 | −92 | −90 | −80 | −82 | |
| Accumulated other comprehensive loss | −312,000 | −299,000 | −248,000 | −220,000 | −353,000 | |
| Total stockholders equity | 10 | 10 | 11 | 20 | 18 | |
| Total liabilities and stockholders equity | 15 | 16 | 18 | 28 | 35 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Amortization of intangible assets | 732,000 | 982,000 | 1 | 1 | 1 | |
| Depreciation and other amortization | 62,000 | 130,000 | 177,000 | 121,000 | 72,000 | |
| Stock-based compensation | 582,000 | 558,000 | 571,000 | 478,000 | 607,000 | |
| Deferred income taxes | −57,000 | −65,000 | −63,000 | −45,000 | −1 | |
| Accounts receivable | −261,000 | −280,000 | 184,000 | 159,000 | 36,000 | |
| Prepaid expenses and other current assets | −38,000 | 7,000 | −39,000 | −20,000 | 149,000 | |
| Other assets | 5,000 | 3,000 | 33,000 | 0 | 99,000 | |
| Accounts payable and accrued liabilities | 321,000 | −160,000 | 264,000 | 87,000 | −920,000 | |
| Deferred revenue | 105,000 | 95,000 | 194,000 | −223,000 | −613,000 | |
| Other liabilities | −41,000 | 2,000 | 71,000 | −37,000 | 369,000 | |
| Total adjustments | 1 | 1 | 10 | −2 | 6 | |
| Net cash used in operating activities | −1 | −765,000 | 277,000 | −134,000 | −989,000 | |
| Purchase of property and equipment | −18,000 | −29,000 | −25,000 | −117,000 | −79,000 | |
| Proceeds from issuance of common stock, net of offering costs | 2 | 0 | — | — | — | |
| Proceeds from stock option exercised | 20,000 | 0 | — | — | — | |
| Redemption of Series C Convertible Preferred Stock and warrants | −331,000 | 0 | — | — | — | |
| Withholding tax on share-based compensation | −86,000 | 0 | — | — | — | |
| Payments of long-term debt | −226,000 | −209,000 | −399,000 | −611,000 | −603,000 | |
| Net cash provided by (used in) financing activities | 1 | −209,000 | −649,000 | −5 | 13 | |
| Effect of exchange rate changes on cash and cash equivalents | −2,000 | 16,000 | −82,000 | −184,000 | 24,000 | |
| Net increase (decrease) in cash and cash equivalents | 236,000 | −987,000 | −479,000 | −6 | 8 | |
| Interest | 17,000 | 29,000 | 51,000 | 38,000 | 7,000 | |
| Income taxes | 21,000 | 21,000 | 50,000 | 31,000 | 0 | |
| Withholding tax included in accounts payable | 75,000 | 0 | — | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro