Bridgeline Digital (BLIN)
Market Price (6/19/2026): $1.01 | Market Cap: $12.2 MilSector: Information Technology | Industry: Systems Software
Bridgeline Digital (BLIN)
Market Price (6/19/2026): $1.01Market Cap: $12.2 MilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Cloud Computing, E-commerce & Digital Retail, and Digital Advertising. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -85% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% Key risksBLIN key risks include [1] persistent financial losses and capital inefficiency, Show more. |
| Megatrend and thematic driversMegatrends include Cloud Computing, E-commerce & Digital Retail, and Digital Advertising. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -85% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% |
| Key risksBLIN key risks include [1] persistent financial losses and capital inefficiency, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 6/16/2026
Bridgeline Digital (BLIN) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Regaining Nasdaq Minimum Bid Price Compliance. Bridgeline Digital successfully regained compliance with Nasdaq's minimum bid price requirement during the specified period. After receiving a notice in January 2026 for its common stock closing below $1.00 for 30 consecutive business days, the company's shares traded at or above $1.00 from May 27 to June 9, 2026. This restored compliance by June 10, 2026, removing the immediate risk of delisting and likely contributing to positive investor sentiment.
2. Improved Profitability in Fiscal Q2 2026. Despite missing revenue and EPS estimates, Bridgeline Digital's stock surged 12.5% in after-hours trading following its fiscal Q2 2026 earnings release on May 14, 2026, which covered the period ended March 31, 2026. The positive market reaction was driven by a significant improvement in profitability, with the net loss reduced to $0.4 million from $0.7 million in fiscal Q2 2025, and Adjusted EBITDA improving from -$239,000 to -$43,000 in the same comparative period.
Show more
Bridgeline Digital (BLIN) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Regaining Nasdaq Minimum Bid Price Compliance. Bridgeline Digital successfully regained compliance with Nasdaq's minimum bid price requirement during the specified period. After receiving a notice in January 2026 for its common stock closing below $1.00 for 30 consecutive business days, the company's shares traded at or above $1.00 from May 27 to June 9, 2026. This restored compliance by June 10, 2026, removing the immediate risk of delisting and likely contributing to positive investor sentiment.
2. Improved Profitability in Fiscal Q2 2026. Despite missing revenue and EPS estimates, Bridgeline Digital's stock surged 12.5% in after-hours trading following its fiscal Q2 2026 earnings release on May 14, 2026, which covered the period ended March 31, 2026. The positive market reaction was driven by a significant improvement in profitability, with the net loss reduced to $0.4 million from $0.7 million in fiscal Q2 2025, and Adjusted EBITDA improving from -$239,000 to -$43,000 in the same comparative period.
Show more
Updated on 6/16/2026
Bridgeline Digital (BLIN) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Regaining Nasdaq Minimum Bid Price Compliance. Bridgeline Digital successfully regained compliance with Nasdaq's minimum bid price requirement during the specified period. After receiving a notice in January 2026 for its common stock closing below $1.00 for 30 consecutive business days, the company's shares traded at or above $1.00 from May 27 to June 9, 2026. This restored compliance by June 10, 2026, removing the immediate risk of delisting and likely contributing to positive investor sentiment.
2. Improved Profitability in Fiscal Q2 2026. Despite missing revenue and EPS estimates, Bridgeline Digital's stock surged 12.5% in after-hours trading following its fiscal Q2 2026 earnings release on May 14, 2026, which covered the period ended March 31, 2026. The positive market reaction was driven by a significant improvement in profitability, with the net loss reduced to $0.4 million from $0.7 million in fiscal Q2 2025, and Adjusted EBITDA improving from -$239,000 to -$43,000 in the same comparative period.
3. Strong Core Product Growth and Customer Acquisition. Bridgeline Digital reported its best quarter ever for new customer wins in fiscal Q2 2026 (ended March 31, 2026), driven by demand for its AI-powered HawkSearch suite. The company secured 19 new subscription contracts, adding $875,000 in Annual Recurring Revenue (ARR) and increasing core subscription ARR per new customer to $44,000, up from $21,000 in the prior year's comparable quarter. Core products also grew to represent 61% of total revenue and achieved a Net Revenue Retention (NRR) of 107% in fiscal Q2 2026, signaling robust underlying business performance and future growth potential.
Show less
Bridgeline Digital (BLIN) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Regaining Nasdaq Minimum Bid Price Compliance. Bridgeline Digital successfully regained compliance with Nasdaq's minimum bid price requirement during the specified period. After receiving a notice in January 2026 for its common stock closing below $1.00 for 30 consecutive business days, the company's shares traded at or above $1.00 from May 27 to June 9, 2026. This restored compliance by June 10, 2026, removing the immediate risk of delisting and likely contributing to positive investor sentiment.
2. Improved Profitability in Fiscal Q2 2026. Despite missing revenue and EPS estimates, Bridgeline Digital's stock surged 12.5% in after-hours trading following its fiscal Q2 2026 earnings release on May 14, 2026, which covered the period ended March 31, 2026. The positive market reaction was driven by a significant improvement in profitability, with the net loss reduced to $0.4 million from $0.7 million in fiscal Q2 2025, and Adjusted EBITDA improving from -$239,000 to -$43,000 in the same comparative period.
3. Strong Core Product Growth and Customer Acquisition. Bridgeline Digital reported its best quarter ever for new customer wins in fiscal Q2 2026 (ended March 31, 2026), driven by demand for its AI-powered HawkSearch suite. The company secured 19 new subscription contracts, adding $875,000 in Annual Recurring Revenue (ARR) and increasing core subscription ARR per new customer to $44,000, up from $21,000 in the prior year's comparable quarter. Core products also grew to represent 61% of total revenue and achieved a Net Revenue Retention (NRR) of 107% in fiscal Q2 2026, signaling robust underlying business performance and future growth potential.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 13.4% change in BLIN stock from 2/28/2026 to 6/18/2026 was primarily driven by a 13.4% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.89 | 1.01 | 13.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 16 | 0.0% |
| P/S Multiple | 0.7 | 0.8 | 13.4% |
| Shares Outstanding (Mil) | 12 | 12 | 0.0% |
| Cumulative Contribution | 13.4% |
Market Drivers
2/28/2026 to 6/18/2026| Return | Correlation | |
|---|---|---|
| BLIN | 13.4% | |
| Market (SPY) | 9.2% | 18.1% |
| Sector (XLK) | 38.1% | 26.4% |
Fundamental Drivers
The 1.0% change in BLIN stock from 11/30/2025 to 6/18/2026 was primarily driven by a 1.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.00 | 1.01 | 1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 16 | 0.8% |
| P/S Multiple | 0.8 | 0.8 | 1.0% |
| Shares Outstanding (Mil) | 12 | 12 | -0.9% |
| Cumulative Contribution | 1.0% |
Market Drivers
11/30/2025 to 6/18/2026| Return | Correlation | |
|---|---|---|
| BLIN | 1.0% | |
| Market (SPY) | 9.9% | 20.4% |
| Sector (XLK) | 34.1% | 26.4% |
Fundamental Drivers
The -34.8% change in BLIN stock from 5/31/2025 to 6/18/2026 was primarily driven by a -25.5% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.55 | 1.01 | -34.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 16 | 0.3% |
| P/S Multiple | 1.1 | 0.8 | -25.5% |
| Shares Outstanding (Mil) | 11 | 12 | -12.8% |
| Cumulative Contribution | -34.8% |
Market Drivers
5/31/2025 to 6/18/2026| Return | Correlation | |
|---|---|---|
| BLIN | -34.8% | |
| Market (SPY) | 28.1% | 19.1% |
| Sector (XLK) | 66.8% | 23.6% |
Fundamental Drivers
The -1.9% change in BLIN stock from 5/31/2023 to 6/18/2026 was primarily driven by a -13.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.03 | 1.01 | -1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17 | 16 | -6.6% |
| P/S Multiple | 0.6 | 0.8 | 21.4% |
| Shares Outstanding (Mil) | 10 | 12 | -13.5% |
| Cumulative Contribution | -1.9% |
Market Drivers
5/31/2023 to 6/18/2026| Return | Correlation | |
|---|---|---|
| BLIN | -1.9% | |
| Market (SPY) | 85.7% | 19.1% |
| Sector (XLK) | 137.9% | 20.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BLIN Return | -12% | -54% | -17% | 82% | -47% | 23% | -60% |
| Peers Return | 8% | -42% | 55% | 11% | -5% | -7% | -3% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| BLIN Win Rate | 25% | 25% | 50% | 67% | 33% | 50% | |
| Peers Win Rate | 52% | 35% | 60% | 62% | 54% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BLIN Max Drawdown | -82% | -58% | -47% | -43% | -66% | -21% | |
| Peers Max Drawdown | -22% | -53% | -30% | -35% | -34% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, PATH, CVLT, S, AIBZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | BLIN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.9% | -18.8% |
| % Gain to Breakeven | 40.7% | 23.1% |
| Time to Breakeven | 33 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.2% | -9.5% |
| % Gain to Breakeven | 59.1% | 10.5% |
| Time to Breakeven | 121 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.5% | -6.7% |
| % Gain to Breakeven | 30.7% | 7.1% |
| Time to Breakeven | 40 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.9% | -33.7% |
| % Gain to Breakeven | 137.6% | 50.9% |
| Time to Breakeven | 58 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -42.7% | -3.7% |
| % Gain to Breakeven | 74.5% | 3.9% |
| Time to Breakeven | 118 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -55.6% | -12.2% |
| % Gain to Breakeven | 125.1% | 13.9% |
| Time to Breakeven | 120 days | 62 days |
In The Past
Bridgeline Digital's stock fell -28.9% during the 2025 US Tariff Shock. Such a loss loss requires a 40.7% gain to breakeven.
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Asset Allocation
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| Event | BLIN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.9% | -18.8% |
| % Gain to Breakeven | 40.7% | 23.1% |
| Time to Breakeven | 33 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.2% | -9.5% |
| % Gain to Breakeven | 59.1% | 10.5% |
| Time to Breakeven | 121 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.5% | -6.7% |
| % Gain to Breakeven | 30.7% | 7.1% |
| Time to Breakeven | 40 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.9% | -33.7% |
| % Gain to Breakeven | 137.6% | 50.9% |
| Time to Breakeven | 58 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -42.7% | -3.7% |
| % Gain to Breakeven | 74.5% | 3.9% |
| Time to Breakeven | 118 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -55.6% | -12.2% |
| % Gain to Breakeven | 125.1% | 13.9% |
| Time to Breakeven | 120 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -36.2% | -0.2% |
| % Gain to Breakeven | 56.8% | 0.2% |
| Time to Breakeven | 77 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -55.6% | -17.9% |
| % Gain to Breakeven | 125.0% | 21.8% |
| Time to Breakeven | 157 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.3% | -15.4% |
| % Gain to Breakeven | 28.7% | 18.2% |
| Time to Breakeven | 120 days | 125 days |
In The Past
Bridgeline Digital's stock fell -28.9% during the 2025 US Tariff Shock. Such a loss loss requires a 40.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bridgeline Digital (BLIN)
Bridgeline Digital, Inc. (BLIN) operates as a digital engagement company, providing a comprehensive platform known as Bridgeline's Unbound. This platform empowers businesses and developers to create, manage, and optimize their online presence, including websites, web applications, and e-commerce stores. Essentially, Bridgeline offers the foundational tools for companies to build and maintain their digital interactions and sales channels.
The Unbound platform comprises several specialized modules, such as Unbound Experience Manager for marketing automation and content management, Unbound Commerce for both B2B and B2C online sales, and Unbound Marketing for driving site traffic through personalized campaigns. Additional offerings include Unbound Content Manager for easy content creation, Unbound Insights for web analytics, and Unbound Social for social media management. Beyond the platform, Bridgeline also delivers professional services like digital strategy, web design, search engine optimization (SEO), and various hosting and application monitoring solutions.
Bridgeline Digital serves a wide array of vertical markets through its direct sales force. Its primary customers include organizations within financial services, retail, healthcare and life sciences, technology, credit unions, regional banks, and various associations and foundations. The company targets businesses seeking to enhance their digital footprint and improve customer engagement across multiple online touchpoints.
AI Analysis | Feedback
1. A full-suite digital experience platform, similar to a more integrated and mid-market focused Adobe Experience Cloud.
2. Like Shopify or Squarespace, but for businesses needing a full digital experience platform with advanced content, e-commerce, and marketing automation.
3. Like combining Salesforce Marketing Cloud with a robust content management and e-commerce platform.
AI Analysis | Feedback
- Bridgeline Unbound Platform: An integrated platform enabling companies to create websites, web applications, and online stores.
- Unbound Experience Manager: A marketing automation engine and content management system.
- Unbound Content Manager: Facilitates content creation, editing, and publishing for non-technical users.
- Unbound Commerce: An online B2B and B2C commerce solution for managing domestic and international sales.
- Unbound Marketing: Helps marketers drive traffic and engagement through personalized and targeted automation flows.
- Unbound Insights: Enables measurement and optimization of web properties through detailed event recording and data analysis.
- Unbound Social: A social media management solution that empowers customers to set up customized watch lists.
- Unbound Franchises: A web content management and e-commerce platform specifically designed for multi-unit organizations and franchises.
- OrchestraCMS by Bridgeline: A digital solution, likely a content management system.
- Celebros Search by Bridgeline: A digital search solution to enhance website search capabilities.
- Digital Strategy and Design Services: Encompasses digital strategy, web design and development, usability engineering, information architecture, and search engine optimization.
- Application Management and Security Services: Provides application monitoring, emergency response, version control, load balancing, managed firewall security, and virus protection.
- Hosting Services: Offers shared, dedicated, and Software as a Service (SaaS) hosting solutions.
AI Analysis | Feedback
Bridgeline Digital (BLIN) primarily sells its digital engagement platform and services to other companies and organizations. The provided background description does not list specific customer companies by name. However, it identifies the following vertical markets that Bridgeline Digital serves:
- Financial services
- Retail brand names
- Health services and life sciences
- Technology companies
- Credit unions and regional banks
- Associations and foundations
AI Analysis | Feedback
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AI Analysis | Feedback
Here is the management team for Bridgeline Digital (symbol: BLIN):
Ari Kahn, Chief Executive Officer, President and Director
Ari Kahn is a seasoned technology leader and entrepreneur. He co-founded FatWire Software, a content management and digital engagement company, where he served as Chief Technology Officer and General Manager. He grew FatWire into a global enterprise with offices in 13 countries and over $40 million in annual revenues, leading to its acquisition by Oracle in 2011 for $160 million. Following the acquisition, Dr. Kahn served as Chairman and CEO of Great Land Holdings, a resort development company. He holds a Ph.D. in Computer Science and Artificial Intelligence from the University of Chicago.
Thomas Windhausen, Chief Financial Officer & Treasurer
Thomas Windhausen joined Bridgeline Digital with over 20 years of extensive experience in public accounting and private industry, in both accounting and finance leadership roles. His prior leadership positions include VP of Finance, as well as Senior Director roles in FP&A, Corporate Accounting, and Financial Reporting. Mr. Windhausen began his career as a CPA at PricewaterhouseCoopers, where he spent over ten years working on multinational engagement teams in multiple global industries, ending his tenure there as a Senior Manager. He graduated from Le Moyne College with a Bachelor's of Science degree in Accounting.
Carl Prizzi, Executive Vice President of Revenue
Carl Prizzi brings over 20 years of experience in Marketing Technology, including leadership roles in sales, marketing, product management, and delivery. He joined Bridgeline in 2002 following the company's acquisition of Lead Dog Digital, where he was the Director of Delivery of the New York office. Mr. Prizzi is responsible for generating and retaining Bridgeline's customers, overseeing sales, establishing partnerships, and customer expansion. He holds a Bachelor's degree in Computer Graphics from Long Island University and studied Computer Science at Stony Brook University.
John Murcott, Executive Vice President of Product and Strategy
John Murcott is a co-founder of FatWire Software, where he took on leadership roles in Products, Marketing, and Professional Services. FatWire was acquired by Oracle in 2011. He later became Vice President of Solutions Engineering and Professional Services at WorkMarket, a company that was subsequently acquired by ADP. Before joining Bridgeline, Mr. Murcott helped establish the Solutions Engineering team for WordPress VIP, an enterprise division of Automattic. He earned a BA in German and Political Science from Tufts University and an MBA from the University of Maryland.
Erin McCue, Executive Vice President of Services
Erin McCue is listed as the Executive Vice President of Services. Further detailed background information regarding her prior founding/managing other companies, selling companies, or pattern of managing companies backed by private equity firms was not readily available in the search results.
Ari Kahn is a seasoned technology leader and entrepreneur. He co-founded FatWire Software, a content management and digital engagement company, where he served as Chief Technology Officer and General Manager. He grew FatWire into a global enterprise with offices in 13 countries and over $40 million in annual revenues, leading to its acquisition by Oracle in 2011 for $160 million. Following the acquisition, Dr. Kahn served as Chairman and CEO of Great Land Holdings, a resort development company. He holds a Ph.D. in Computer Science and Artificial Intelligence from the University of Chicago.
Thomas Windhausen, Chief Financial Officer & Treasurer
Thomas Windhausen joined Bridgeline Digital with over 20 years of extensive experience in public accounting and private industry, in both accounting and finance leadership roles. His prior leadership positions include VP of Finance, as well as Senior Director roles in FP&A, Corporate Accounting, and Financial Reporting. Mr. Windhausen began his career as a CPA at PricewaterhouseCoopers, where he spent over ten years working on multinational engagement teams in multiple global industries, ending his tenure there as a Senior Manager. He graduated from Le Moyne College with a Bachelor's of Science degree in Accounting.
Carl Prizzi, Executive Vice President of Revenue
Carl Prizzi brings over 20 years of experience in Marketing Technology, including leadership roles in sales, marketing, product management, and delivery. He joined Bridgeline in 2002 following the company's acquisition of Lead Dog Digital, where he was the Director of Delivery of the New York office. Mr. Prizzi is responsible for generating and retaining Bridgeline's customers, overseeing sales, establishing partnerships, and customer expansion. He holds a Bachelor's degree in Computer Graphics from Long Island University and studied Computer Science at Stony Brook University.
John Murcott, Executive Vice President of Product and Strategy
John Murcott is a co-founder of FatWire Software, where he took on leadership roles in Products, Marketing, and Professional Services. FatWire was acquired by Oracle in 2011. He later became Vice President of Solutions Engineering and Professional Services at WorkMarket, a company that was subsequently acquired by ADP. Before joining Bridgeline, Mr. Murcott helped establish the Solutions Engineering team for WordPress VIP, an enterprise division of Automattic. He earned a BA in German and Political Science from Tufts University and an MBA from the University of Maryland.
Erin McCue, Executive Vice President of Services
Erin McCue is listed as the Executive Vice President of Services. Further detailed background information regarding her prior founding/managing other companies, selling companies, or pattern of managing companies backed by private equity firms was not readily available in the search results.
AI Analysis | Feedback
The key risks to Bridgeline Digital (BLIN) primarily stem from its precarious financial health, intense competition within its market, and the continuous need to adapt to rapid technological advancements.
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Financial Distress and Profitability Challenges: Bridgeline Digital faces significant financial challenges, including a high risk of financial distress or even bankruptcy. The company has a low Altman Z-Score, indicating potential financial vulnerability. It has reported negative earnings per share (EPS), negative operating and net margins, and a negative three-year revenue growth rate of -5.5%. Additionally, its current and quick ratios of 0.71 suggest liquidity issues, and while its gross margin is healthy, the overall profitability remains a concern with a net loss. The company's cash position is modest, which could limit future investments in critical areas like sales, marketing, and product development.
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Intense Competition: Bridgeline Digital operates in a highly competitive digital marketing technology market. It faces competition from a large number of established players, such as Adobe Experience Cloud, Salesforce Marketing Cloud, and Sitecore, as well as numerous emerging startups. The sheer volume of competitors, with over 3,700 active rivals, including many funded companies, necessitates continuous innovation and investment to maintain market share and attract new customers.
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Rapid Technological Change: As a technology company offering digital engagement and AI-powered marketing solutions, Bridgeline Digital is exposed to the inherent risk of rapid technological change. To remain competitive and relevant in the market, the company must continuously innovate, update, and adapt its products and platforms to keep pace with evolving trends and advancements. Failure to do so could lead to its offerings becoming obsolete, impacting its ability to attract and retain customers.
AI Analysis | Feedback
The rise of low-code/no-code digital experience platforms and AI-powered website builders poses a clear emerging threat. These platforms enable non-technical users to rapidly create, manage, and optimize websites and online stores with significantly reduced development time and cost, directly competing with and potentially commoditizing Bridgeline's Unbound platform offerings such as Content Manager and basic website/application creation functionalities.
AI Analysis | Feedback
Bridgeline Digital (symbol: BLIN) operates in several addressable markets related to digital engagement, including Digital Experience Platforms (DXP), E-commerce Platforms, Content Management Systems (CMS), Marketing Automation, Web Design and Development Services, and Software-as-a-Service (SaaS) hosting.
Digital Experience Platform (DXP) Market
- The global digital experience platform market was valued at approximately USD 15.3 billion in 2026 and is projected to reach USD 35.6 billion by 2033. Other estimates place the global DXP market at USD 15.6 billion in 2025, growing to USD 41.9 billion by 2034. Another report shows the market at USD 11.2 billion in 2023, with a projection to reach USD 41.7 billion by 2032.
- In North America, the DXP market is expected to reach USD 5.4 billion in 2026, with the U.S. market alone potentially exceeding USD 4.1 billion by 2026. North America held a significant share of the global DXP market, accounting for 40.89% in 2025.
E-commerce Platform Market
- The global e-commerce platform market was valued at USD 11.55 billion in 2025 and is projected to reach USD 61.83 billion by 2034. Another estimate indicates a global market size of USD 9.40 billion in 2024, anticipated to reach USD 45.60 billion by 2033.
- The B2B e-commerce market globally is substantial, with projections showing it will exceed the B2C market by 400% in 2025. The global B2B e-commerce market size is expected to increase from USD 33.02 trillion in 2025 to USD 61.66 trillion by 2031.
- North America's e-commerce platform market accounted for approximately 31% of the revenue share in 2023.
Content Management System (CMS) Market
- The global Content Management System (CMS) market is estimated to be valued at USD 47.41 billion in 2025 and is expected to reach USD 117.55 billion by 2032. Another report indicates a global market size of USD 34.94 billion in 2025, projected to reach USD 77.77 billion by 2033.
- The Web Content Management segment, a core offering, was valued at USD 12.82 billion globally in 2025 and is projected to grow to USD 61.14 billion by 2034.
- North America is a leading region in the CMS market, expected to hold a 34.2% share in 2025. The U.S. CMS market alone was valued at USD 8.66 billion in 2025 and is expected to reach USD 19.15 billion by 2033.
Marketing Automation Market
- The global marketing automation market was valued at USD 6.8 billion in 2024 and is expected to reach USD 17.5 billion by 2032. Other estimates show the global marketing automation software market at USD 11.42 billion in 2024, expected to reach USD 28.48 billion by 2032.
- North America dominated the global marketing automation market with a 43.6% share in 2024. The U.S. marketing automation market is projected to reach USD 23.99 billion by 2032.
Web Design and Development Services Market
- The global web design and development market was valued at US$ 65 billion in 2023 and is projected to reach US$ 154.5 billion by 2034. Another source estimates the global web development service market at USD 45.6 billion in 2024, expected to grow to USD 85 billion by 2035.
- North America leads the web development service market, valued at USD 22 billion in 2024 and projected to reach USD 39 billion in 2035.
Software-as-a-Service (SaaS) Market
- The global SaaS market was valued at USD 322.16 billion in 2025, estimated to reach USD 389.81 billion in 2026, and projected to reach USD 1,791.18 billion by 2034. Another report estimates the global SaaS market size at USD 408.21 billion in 2025, increasing to USD 1,367.68 billion by 2035.
- The U.S. SaaS market is forecasted to surpass USD 412 billion by 2034. North America's SaaS market is projected to reach USD 211.7 billion by 2026. North America also held the largest market share globally, at 46% in 2025.
AI Analysis | Feedback
Bridgeline Digital (BLIN) is expected to drive future revenue growth over the next two to three years through several key initiatives:
- Expansion of HawkSearch and AI-Powered Products: Bridgeline Digital anticipates continued growth from its HawkSearch platform and newly launched AI-powered products. The company is targeting a 20% growth for HawkSearch and aims for its core product revenue, primarily driven by HawkSearch and its AI suite, to exceed 70% of overall revenue. HawkSearch was also recognized as the number one solution for B2B search use cases in Gartner's 2025 Critical Capabilities report.
- Customer Acquisition and Upselling to Existing Customers: Bridgeline Digital focuses on increasing its customer base and expanding existing customer relationships. The company reported a 107% net revenue retention for its core products, indicating high customer satisfaction and significant license upgrades. The average annual recurring revenue (ARR) per customer has also increased, with customers adopting multiple HawkSearch products and AI add-ons. New customer acquisitions continue to grow, with new sales including AI capabilities from the outset.
- Strategic Platform Partnerships: Bridgeline Digital is expanding its total addressable market through new platform partnerships. Notably, HawkSearch is now available on the Salesforce AppExchange, and a B2B platform partnership with Unilog has been announced, both expected to contribute incremental revenue.
- Increased Marketing Investment: The company has accelerated its marketing investment to boost its sales pipeline and enhance market presence for HawkSearch. This strategic increase in marketing expenditure is projected to drive revenue growth and improve sales efficiency by shortening sales cycles.
AI Analysis | Feedback
Share Issuance
- In March 2025, Bridgeline Digital announced offerings of common stock, including a registered direct offering of 1,000,000 shares at $1.50 per share, yielding approximately $1,500,000 in gross proceeds.
- Concurrently in March 2025, the company completed a private placement with existing investors, including officers and directors, for 473,979 shares at $1.52 per share, generating approximately $720,448 in gross proceeds.
- The net proceeds from these offerings were intended for working capital and other general corporate purposes.
Inbound Investments
- Bridgeline Digital injected $2 million of capital into the company in fiscal year 2025, which included investments from its executive team and board.
- This capital was specifically purposed to expand the company's marketing budget to promote its HawkSearch product.
Capital Expenditures
- The company has focused on significant product innovation, launching six new AI-powered products in fiscal year 2025, which include Smart Search, Smart Response, Smart Agents, multisite management, Rapid UI, and advanced analytics.
- Investment in marketing efforts in fiscal year 2025 led to a 65% larger sales pipeline and a 35% increase in average sales size by the end of the year.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Bridgeline Digital Earnings Notes | 12/16/2025 | |
| Would You Still Hold Bridgeline Digital Stock If It Fell Another 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.64 |
| Mkt Cap | 5.4 |
| Rev LTM | 1,184 |
| Op Inc LTM | 101 |
| FCF LTM | 237 |
| FCF 3Y Avg | 213 |
| CFO LTM | 245 |
| CFO 3Y Avg | 219 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.9% |
| Rev Chg 3Y Avg | 15.1% |
| Rev Chg Q | 17.3% |
| QoQ Delta Rev Chg LTM | 3.8% |
| Op Inc Chg LTM | 19.0% |
| Op Inc Chg 3Y Avg | 21.1% |
| Op Mgn LTM | 6.0% |
| Op Mgn 3Y Avg | -5.1% |
| QoQ Delta Op Mgn LTM | 2.4% |
| CFO/Rev LTM | 20.7% |
| CFO/Rev 3Y Avg | 21.9% |
| FCF/Rev LTM | 20.0% |
| FCF/Rev 3Y Avg | 21.4% |
Price Behavior
Price Behavior
| Market Price | $1.01 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/29/2007 | |
| Distance from 52W High | -35.7% | |
| 50 Days | 200 Days | |
| DMA Price | $0.99 | $1.03 |
| DMA Trend | down | up |
| Distance from DMA | 1.8% | -1.7% |
| 3M | 1YR | |
| Volatility | 82.1% | 66.7% |
| Downside Capture | 90.96 | 121.66 |
| Upside Capture | 100.93 | 40.34 |
| Correlation (SPY) | 18.9% | 19.4% |
BLIN Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.36 | 1.09 | 1.02 | 1.28 | 1.07 | 0.88 |
| Up Beta | 2.69 | 1.46 | 0.87 | 0.25 | 0.81 | 0.53 |
| Down Beta | 10.60 | 6.15 | 3.16 | 2.82 | 2.47 | 1.36 |
| Up Capture | 163% | 171% | 109% | 137% | 30% | 58% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 13 | 24 | 31 | 61 | 109 | 346 |
| Down Capture | -481% | -254% | -15% | 108% | 99% | 98% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 7 | 17 | 32 | 63 | 122 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BLIN | |
|---|---|---|---|---|
| BLIN | -36.7% | 66.6% | -0.43 | - |
| Sector ETF (XLK) | 59.9% | 23.1% | 1.96 | 24.2% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 20.0% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 6.4% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | -2.0% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | -4.8% |
| Bitcoin (BTCUSD) | -38.3% | 42.4% | -1.02 | 13.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BLIN | |
|---|---|---|---|---|
| BLIN | -18.6% | 80.7% | 0.08 | - |
| Sector ETF (XLK) | 22.9% | 25.3% | 0.80 | 21.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 20.6% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 5.0% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 6.3% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 13.0% |
| Bitcoin (BTCUSD) | 11.6% | 54.2% | 0.41 | 14.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BLIN | |
|---|---|---|---|---|
| BLIN | -43.2% | 89.2% | -0.24 | - |
| Sector ETF (XLK) | 25.4% | 24.7% | 0.93 | 16.1% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 15.7% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 2.5% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 7.9% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 9.2% |
| Bitcoin (BTCUSD) | 60.4% | 66.8% | 1.00 | 4.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/19/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/19/2026 | 4.1% | 29.0% | 9.5% |
| 2/18/2026 | 16.1% | 16.1% | 15.1% |
| 12/23/2025 | 0.2% | -13.0% | -13.7% |
| 8/18/2025 | 0.0% | 7.8% | 1.6% |
| 5/19/2025 | 1.9% | -4.7% | -3.8% |
| 2/18/2025 | 0.6% | -17.4% | -15.7% |
| 12/26/2024 | -1.4% | 23.4% | 24.8% |
| 8/16/2024 | -3.7% | 2.2% | 27.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 11 |
| # Negative | 11 | 12 | 13 |
| Median Positive | 3.2% | 8.2% | 13.0% |
| Median Negative | -2.0% | -5.7% | -8.5% |
| Max Positive | 20.4% | 29.0% | 27.0% |
| Max Negative | -14.0% | -25.4% | -22.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/19/2026 | 4.1% | 29.0% | 9.5% |
| 2/18/2026 | 16.1% | 16.1% | 15.1% |
| 12/23/2025 | 0.2% | -13.0% | -13.7% |
| 8/18/2025 | 0.0% | 7.8% | 1.6% |
| 5/19/2025 | 1.9% | -4.7% | -3.8% |
| 2/18/2025 | 0.6% | -17.4% | -15.7% |
| 12/26/2024 | -1.4% | 23.4% | 24.8% |
| 8/16/2024 | -3.7% | 2.2% | 27.0% |
| 5/17/2024 | -1.7% | -2.5% | -17.4% |
| 2/20/2024 | -2.8% | 8.6% | 13.0% |
| 1/3/2024 | -2.0% | -0.6% | -9.3% |
| 8/14/2023 | -0.0% | 3.2% | -1.4% |
| 5/16/2023 | -1.0% | 0.6% | 24.3% |
| 2/16/2023 | 1.9% | -4.8% | -1.9% |
| 12/21/2022 | -1.8% | -3.5% | -5.3% |
| 8/15/2022 | 9.3% | 9.3% | 23.3% |
| 5/13/2022 | 1.6% | -7.8% | -8.5% |
| 2/11/2022 | -3.9% | -11.1% | -15.5% |
| 12/22/2021 | 5.7% | -0.9% | -22.7% |
| 8/18/2021 | -7.5% | -6.6% | 0.0% |
| 5/18/2021 | 3.2% | 0.8% | -2.0% |
| 2/12/2021 | 20.4% | 0.9% | -4.8% |
| 12/23/2020 | -14.0% | -25.4% | 4.5% |
| 8/17/2020 | 4.3% | 8.6% | 6.5% |
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 11 |
| # Negative | 11 | 12 | 13 |
| Median Positive | 3.2% | 8.2% | 13.0% |
| Median Negative | -2.0% | -5.7% | -8.5% |
| Max Positive | 20.4% | 29.0% | 27.0% |
| Max Negative | -14.0% | -25.4% | -22.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 12/19/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 12/26/2024 | 10-K |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-Q |
| 09/30/2023 | 12/27/2023 | 10-K |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-Q |
| 09/30/2022 | 12/21/2022 | 10-K |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 12/19/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 12/26/2024 | 10-K |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-Q |
| 09/30/2023 | 12/27/2023 | 10-K |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-Q |
| 09/30/2022 | 12/21/2022 | 10-K |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 02/10/2022 | 10-Q |
| 09/30/2021 | 12/20/2021 | 10-K |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 02/11/2021 | 10-Q |
| 09/30/2020 | 12/23/2020 | 10-K |
| 06/30/2020 | 08/13/2020 | 10-Q |
| 03/31/2020 | 05/14/2020 | 10-Q |
| 12/31/2019 | 02/13/2020 | 10-Q |
| 09/30/2019 | 12/27/2019 | 10-K |
| 06/30/2019 | 08/14/2019 | 10-Q |
| 03/31/2019 | 05/15/2019 | 10-Q |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kahn, Roger E | President and CEO | Direct | Buy | 3112026 | 0.93 | 10,000 | 9,300 | 1,649,574 | Form |
| 2 | Ketslakh, Michael | Direct | Buy | 3042026 | 0.85 | 4,472 | 3,801 | 419,766 | Form | |
| 3 | Ketslakh, Michael | Direct | Buy | 3042026 | 0.85 | 2,487 | 2,114 | 415,964 | Form | |
| 4 | Ketslakh, Michael | Direct | Buy | 2262026 | 0.85 | 10,647 | 9,050 | 413,851 | Form | |
| 5 | Ketslakh, Michael | Direct | Buy | 2262026 | 0.85 | 2,394 | 2,035 | 404,801 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kahn, Roger E | President and CEO | Direct | Buy | 3112026 | 0.93 | 10,000 | 9,300 | 1,649,574 | Form |
| 2 | Ketslakh, Michael | Direct | Buy | 3042026 | 0.85 | 4,472 | 3,801 | 419,766 | Form | |
| 3 | Ketslakh, Michael | Direct | Buy | 3042026 | 0.85 | 2,487 | 2,114 | 415,964 | Form | |
| 4 | Ketslakh, Michael | Direct | Buy | 2262026 | 0.85 | 10,647 | 9,050 | 413,851 | Form | |
| 5 | Ketslakh, Michael | Direct | Buy | 2262026 | 0.85 | 2,394 | 2,035 | 404,801 | Form | |
| 6 | Ketslakh, Michael | Direct | Buy | 2232026 | 0.85 | 1,353 | 1,150 | 402,766 | Form | |
| 7 | Kahn, Roger E | President and CEO | Direct | Buy | 2192026 | 0.85 | 5,000 | 4,250 | 1,499,176 | Form |
| 8 | Kahn, Roger E | President and CEO | Direct | Buy | 2192026 | 0.82 | 14,000 | 11,480 | 1,442,164 | Form |
| 9 | Kahn, Roger E | President and CEO | Direct | Buy | 2192026 | 0.75 | 35,301 | 26,476 | 1,308,552 | Form |
| 10 | Kahn, Roger E | President and CEO | Direct | Buy | 8282025 | 1.38 | 39,500 | 54,510 | 1,789,569 | Form |
| 11 | Kahn, Roger E | President and CEO | Direct | Buy | 8282025 | 1.50 | 15,000 | 22,500 | 1,885,934 | Form |
| 12 | Kahn, Roger E | President and CEO | Direct | Buy | 5272025 | 1.53 | 48,600 | 74,394 | 1,770,129 | Form |
| 13 | Kahn, Roger E | President and CEO | Direct | Buy | 5272025 | 1.55 | 1,000 | 1,550 | 1,717,070 | Form |
| 14 | Kahn, Roger E | President and CEO | Direct | Buy | 5272025 | 1.58 | 50,500 | 79,647 | 1,745,589 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Systems Software Resources |
| CNET |
| ZDNet |
| Gartner |
| Software Development Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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