Bridgeline Digital, Inc. (BLIN) 10-Year Financial Performance & Capital Metrics

BLIN • • Industrial / General

TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Computing & Development Platforms

AboutBridgeline Digital, Inc. operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives. The company also provides Bridgeline Unbound Marketing, an online marketing management solution that helps marketers drive to their sites through personalized and targeted marketing automation flows; and Bridgeline Unbound Insights to manage, measure, and optimize web properties by recording detailed events and mining data for statistical analysis. In addition, it offers Bridgeline Unbound Social, a social media management solution that empowers customers to set up customized watch lists; and Bridgeline Unbound Franchises, a web content management and e-commerce platform to multi-unit organizations and franchises. Further, the company provides digital strategy, web design and development, usability engineering, information architecture, and search engine optimization services; application monitoring, emergency response, version control, load balancing, managed firewall security, and virus protection services; and shared, dedicated, and Software as a Service hosting services. Further, it offers OrchestraCMS by Bridgeline and Celebros Search by Bridgeline digital solutions. It serves vertical markets, such as financial services, retail brand names, health services and life sciences, technology, credit unions and regional banks, and associations and foundations through its direct sales force. The company was formerly known as Bridgeline Software, Inc. Bridgeline Digital, Inc. was founded in 2000 and is based in Burlington, Massachusetts.Show more

Revenue $15M +0.2%
EBITDA -$2M -81.7%
Net Income -$3M -45.3%
EPS (Diluted) -0.25 -31.6%
Gross Margin 66.57% -2.0%
EBITDA Margin -10.71% -81.4%
Operating Margin -15.78% -20.0%
Net Margin -18.52% -45.0%
ROE -29.11% -59.3%
ROIC -20.76% -33.5%
Debt/Equity 0.03 -56.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 7 (bottom 7%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.2%

5Y7.12%

3Y-2.93%

TTM0.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM73.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM70.72%

ROCE

10Y Avg-29.37%

5Y Avg-20.35%

3Y Avg-31.86%

Latest-22.88%

Peer Comparison

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Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUYATuya Inc.	1.19B	2.21	260	29.84%	9.12%	2.88%	5.65%	0.00
NTNXNutanix, Inc.	13.16B	48.67	74.88	18.11%	8.43%		5.7%
DOCNDigitalOcean Holdings, Inc.	4.84B	52.88	59.42	12.66%	29.15%		1.99%
ORCLOracle Corporation	545.46B	189.85	43.74	8.38%	25.28%	50.65%		4.96
WIXWix.com Ltd.	4.6B	83.77	35.50	12.74%	7.2%		10.44%
MSFTMicrosoft Corporation	3.39T	456.66	33.48	14.93%	35.71%	28.9%	2.11%	0.18
DOXAmdocs Limited	9.1B	84.29	16.69	-9.43%	12.48%	16.29%	7.09%	0.24
GDDYGoDaddy Inc.	14.51B	107.35	16.64	7.5%	17.01%	9.03%	8.69%	5.63

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	15.89M	16.29M	13.57M	9.95M	10.91M	13.26M	16.82M	15.88M	15.36M	15.38M
Revenue Growth %	-0.17%	0.03%	-0.17%	-0.27%	0.1%	0.22%	0.27%	-0.06%	-0.03%	0%
Cost of Goods Sold+	7.28M	7.16M	6.75M	5.36M	4.51M	4.53M	5.12M	5.01M	4.92M	5.14M
COGS % of Revenue	0.46%	0.44%	0.5%	0.54%	0.41%	0.34%	0.3%	0.32%	0.32%	0.33%
Gross Profit+	8.61M	9.13M	6.82M	4.59M	6.4M	8.73M	11.7M	10.87M	10.43M	10.24M
Gross Margin %	0.54%	0.56%	0.5%	0.46%	0.59%	0.66%	0.7%	0.68%	0.68%	0.67%
Gross Profit Growth %	0.05%	0.06%	-0.25%	-0.33%	0.39%	0.36%	0.34%	-0.07%	-0.04%	-0.02%
Operating Expenses+	11.28M	10.23M	8.76M	10.88M	6.72M	8.59M	13.44M	20.79M	12.45M	11.65M
OpEx % of Revenue	0.71%	0.63%	0.65%	1.09%	0.62%	0.65%	0.8%	1.31%	0.81%	0.76%
Selling, General & Admin	8.39M	8.06M	6.8M	8.07M	5.07M	5.08M	8.62M	7.93M	7M	7.62M
SG&A % of Revenue	0.53%	0.49%	0.5%	0.81%	0.46%	0.38%	0.51%	0.5%	0.46%	0.5%
Research & Development	1.58M	1.59M	1.6M	2.19M	1.64M	2.39M	3.22M	3.68M	4.16M	4.02M
R&D % of Revenue	0.1%	0.1%	0.12%	0.22%	0.15%	0.18%	0.19%	0.23%	0.27%	0.26%
Other Operating Expenses	1.31M	582K	356K	620K	8K	1.11M	1.6M	9.18M	1.3M	0
Operating Income+	-3.54M	-1.39M	-6.99M	-6.28M	-318K	140K	-1.73M	-9.91M	-2.02M	-2.43M
Operating Margin %	-0.22%	-0.09%	-0.52%	-0.63%	-0.03%	0.01%	-0.1%	-0.62%	-0.13%	-0.16%
Operating Income Growth %	0.78%	0.61%	-4.05%	0.1%	0.95%	1.44%	-13.38%	-4.72%	0.8%	-0.2%
EBITDA+	-1.83M	-803K	-6.63M	-5.66M	650K	1.34M	-125K	-8.36M	-907K	-1.65M
EBITDA Margin %	-0.11%	-0.05%	-0.49%	-0.57%	0.06%	0.1%	-0.01%	-0.53%	-0.06%	-0.11%
EBITDA Growth %	0.87%	0.56%	-7.26%	0.15%	1.11%	1.06%	-1.09%	-65.88%	0.89%	-0.82%
D&A (Non-Cash Add-back)	1.72M	582K	356K	620K	968K	1.2M	1.61M	1.55M	1.11M	779K
EBIT	-2.66M	-1.39M	-6.83M	-8.94M	344K	140K	-1.73M	-2.27M	-1.94M	0
Net Interest Income+	-914K	-201K	-394K	-534K	-7K	-883K	417K	-189K	-61K	0
Interest Income	0	0	0	0	0	0	417K	0	0	0
Interest Expense	914K	201K	394K	534K	7K	883K	0	189K	61K	-126K
Other Income/Expense	-4.33M	-201K	-233K	1.6M	1.98M	-6.68M	4.07M	386K	15K	-130K
Pretax Income+	-7.87M	-1.59M	-7.22M	-9.47M	337K	-7.86M	2.17M	-9.53M	-2M	-2.56M
Pretax Margin %	-0.5%	-0.1%	-0.53%	-0.95%	0.03%	-0.59%	0.13%	-0.6%	-0.13%	-0.17%
Income Tax+	-47K	16K	-3K	4K	11K	-1.17M	30K	-94K	-43K	-39K
Effective Tax Rate %	0.99%	1.01%	1%	1%	0.97%	0.85%	0.99%	0.99%	0.98%	1.11%
Net Income+	-7.82M	-1.6M	-7.22M	-9.47M	326K	-6.69M	2.15M	-9.44M	-1.96M	-2.85M
Net Margin %	-0.49%	-0.1%	-0.53%	-0.95%	0.03%	-0.5%	0.13%	-0.59%	-0.13%	-0.19%
Net Income Growth %	0.53%	0.8%	-3.51%	-0.31%	1.03%	-21.52%	1.32%	-5.4%	0.79%	-0.45%
Net Income (Continuing)	-7.82M	-1.6M	-7.22M	-9.47M	326K	-6.69M	2.15M	-9.44M	-1.96M	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-206.66	-19.31	-85.38	-7.90	0.09	-1.13	0.21	-0.91	-0.19	-0.25
EPS Growth %	0.79%	0.91%	-3.42%	0.91%	1.01%	-13.32%	1.19%	-5.33%	0.79%	-0.32%
EPS (Basic)	-206.66	-19.31	-85.38	-7.90	0.09	-1.13	0.21	-0.91	-0.19	-0.25
Diluted Shares Outstanding	37.86K	82.94K	84.55K	1.2M	3.56M	5.94M	10.37M	10.42M	10.42M	11.23M
Basic Shares Outstanding	37.86K	82.94K	84.55K	1.2M	3.56M	5.94M	10.23M	10.42M	10.42M	11.23M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	3.59M	4.13M	2.84M	1.68M	1.91M	10.42M	4.28M	3.66M	2.95M	3.48M
Cash & Short-Term Investments	661K	748K	644K	296K	861K	8.85M	2.86M	2.38M	1.39M	1.63M
Cash Only	661K	748K	644K	296K	861K	8.85M	2.86M	2.38M	1.39M	1.63M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.55M	3.03M	1.72M	979K	665K	1.37M	1.18M	1M	1.29M	1.54M
Days Sales Outstanding	58.53	67.79	46.3	35.91	22.25	37.71	25.65	23.07	30.61	36.59
Inventory	0	0	0	351K	268K	179K	0	0	0	0
Days Inventory Outstanding	-	-	-	23.9	21.7	14.41	-	-	-	-
Other Current Assets	381K	0	473K	49K	111K	0	0	278K	269K	310K
Total Non-Current Assets+	14.14M	13.45M	8.16M	9.48M	8.76M	24.55M	23.23M	13.97M	12.65M	11.85M
Property, Plant & Equipment	512K	209K	80K	299K	532K	733K	857K	541K	237K	180K
Fixed Asset Turnover	31.04x	77.96x	169.60x	33.28x	20.50x	18.09x	19.63x	29.36x	64.80x	85.46x
Goodwill	12.64M	12.64M	7.78M	5.56M	5.56M	15.98M	15.98M	8.47M	8.47M	8.47M
Intangible Assets	548K	263K	20K	3.51M	2.62M	7.75M	6.27M	4.89M	3.91M	3.18M
Long-Term Investments	0	-11.66M	0	0	0	0	0	0	0	0
Other Non-Current Assets	436K	334K	280K	115K	49K	76K	123K	73K	42K	24K
Total Assets+	17.73M	17.57M	11M	11.15M	10.66M	34.97M	27.51M	17.63M	15.6M	15.33M
Asset Turnover	0.90x	0.93x	1.23x	0.89x	1.02x	0.38x	0.61x	0.90x	0.98x	1.00x
Asset Growth %	-0.08%	-0.01%	-0.37%	0.01%	-0.04%	2.28%	-0.21%	-0.36%	-0.12%	-0.02%
Total Current Liabilities+	3.71M	3.63M	3.77M	3.84M	3.6M	8.34M	4.79M	4.75M	4.73M	4.98M
Accounts Payable	1.28M	1.24M	1.58M	1.74M	1.31M	974K	972K	1.25M	1.11M	1.68M
Days Payables Outstanding	64.41	63.26	85.3	118.49	106.17	78.43	69.33	91.36	82.43	119.54
Short-Term Debt	0	0	1.02M	0	88K	893K	429K	267K	282K	217K
Deferred Revenue (Current)	1000K	1000K	594K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.95M	676K	429K	405K	231K	3.93M	768K	478K	405K	2.5M
Current Ratio	0.97x	1.14x	0.75x	0.44x	0.53x	1.25x	0.89x	0.77x	0.62x	0.70x
Quick Ratio	0.97x	1.14x	0.75x	0.35x	0.45x	1.23x	0.89x	0.77x	0.62x	0.70x
Cash Conversion Cycle	-	-	-	-58.68	-62.21	-26.3	-	-	-	-
Total Non-Current Liabilities+	2.52M	2.67M	2.81M	3.52M	2.7M	9.05M	2.37M	1.42M	868K	776K
Long-Term Debt	2.12M	2.5M	2.57M	0	0	1.2M	588K	435K	244K	73K
Capital Lease Obligations	0	0	0	0	198K	320K	390K	241K	6K	0
Deferred Tax Liabilities	-197K	0	0	0	-15K	-418K	-384K	227K	0	0
Other Non-Current Liabilities	400K	172K	234K	3.52M	2.5M	7.54M	1.4M	174K	273K	703K
Total Liabilities	6.23M	6.3M	6.58M	7.36M	6.3M	17.39M	7.16M	6.17M	5.6M	5.76M
Total Debt+	2.16M	2.5M	3.59M	0	382K	2.57M	1.61M	1.09M	689K	290K
Net Debt	1.5M	1.75M	2.95M	-296K	-479K	-6.28M	-1.25M	-1.29M	-701K	-1.34M
Debt / Equity	0.19x	0.22x	0.81x	-	0.09x	0.15x	0.08x	0.10x	0.07x	0.03x
Debt / EBITDA	-	-	-	-	0.59x	1.92x	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-0.74x	-4.68x	-	-	-	-
Interest Coverage	-3.88x	-6.89x	-17.74x	-11.77x	-45.43x	0.16x	-	-52.46x	-33.10x	-
Total Equity+	11.5M	11.27M	4.42M	3.8M	4.36M	17.58M	20.35M	11.46M	10.01M	9.57M
Equity Growth %	1.03%	-0.02%	-0.61%	-0.14%	0.15%	3.04%	0.16%	-0.44%	-0.13%	-0.04%
Book Value per Share	303.80	135.93	52.33	3.17	1.23	2.96	1.96	1.10	0.96	0.85
Total Shareholders' Equity	11.5M	11.27M	4.42M	3.8M	4.36M	17.58M	20.35M	11.46M	10.01M	9.57M
Common Stock	19K	4K	5K	3K	4K	10K	10K	10K	10K	12K
Retained Earnings	-52.37M	-54.25M	-61.78M	-71.49M	-73.58M	-82.29M	-80.14M	-89.58M	-91.54M	-94.06M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-353K	-350K	-351K	-338K	-381K	-353K	-220K	-248K	-299K	-312K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	-2.68M	-940K	-1.11M	-4.2M	-498K	-989K	-134K	277K	-765K	-1.1M
Operating CF Margin %	-0.17%	-0.06%	-0.08%	-0.42%	-0.05%	-0.07%	-0.01%	0.02%	-0.05%	-0.07%
Operating CF Growth %	0.03%	0.65%	-0.19%	-2.77%	0.88%	-0.99%	0.86%	3.07%	-3.76%	-0.44%
Net Income	-7.82M	-1.6M	-7.22M	-9.47M	326K	-6.69M	2.15M	-9.44M	-1.96M	-2.52M
Depreciation & Amortization	1.72M	641K	413K	649K	968K	1.2M	1.61M	1.55M	1.11M	732K
Stock-Based Compensation	320K	559K	492K	249K	194K	607K	478K	571K	558K	582K
Deferred Taxes	67K	0	4.76M	1.61M	-1.03M	-1.2M	-45K	-63K	-65K	-57K
Other Non-Cash Items	3.62M	94K	129K	231K	-960K	5.97M	-4.29M	6.94M	-76K	157K
Working Capital Changes	-580K	-632K	313K	2.53M	2K	-880K	-34K	707K	-333K	0
Change in Receivables	-86K	-86K	1.3M	1.31M	630K	36K	159K	184K	-280K	-261K
Change in Inventory	356K	-52K	-79K	-448K	585K	920K	0	0	0	0
Change in Payables	-425K	-425K	-41K	448K	-585K	-920K	87K	264K	-160K	321K
Cash from Investing+	-165K	-93K	-50K	-5.7M	0	-4.52M	-195K	-25K	-29K	-18K
Capital Expenditures	-165K	-93K	-50K	-31K	0	-79K	-195K	-25K	-29K	-18K
CapEx % of Revenue	0.01%	0.01%	0%	0%	-	0.01%	0.01%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-142K	-46K	-15K	-11K	0	-30K	-78K	0	0	0
Cash from Financing+	3.17M	1.12M	1.06M	9.55M	1.05M	13.47M	-5.48M	-649K	-209K	1.36M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-131K	-131K	-195K	-315K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-262K	56K	0	13.81M	1.05M	6.92M	-4.89M	-250K	0	1.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.85M	-1.03M	-1.16M	-4.23M	-498K	-1.1M	-329K	252K	-794K	-1.12M
FCF Margin %	-0.18%	-0.06%	-0.09%	-0.43%	-0.05%	-0.08%	-0.02%	0.02%	-0.05%	-0.07%
FCF Growth %	0.03%	0.64%	-0.13%	-2.64%	0.88%	-1.2%	0.7%	1.77%	-4.15%	-0.41%
FCF per Share	-75.20	-12.45	-13.77	-3.53	-0.14	-0.18	-0.03	0.02	-0.08	-0.10
FCF Conversion (FCF/Net Income)	0.34x	0.59x	0.15x	0.44x	-1.53x	0.15x	-0.06x	-0.03x	0.39x	0.39x
Interest Paid	469K	128K	250K	88K	0	0	38K	51K	29K	0
Taxes Paid	17K	18K	14K	3K	3K	0	31K	50K	21K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-91.11%	-14.07%	-91.97%	-230.51%	8%	-60.99%	11.31%	-59.32%	-18.27%	-29.11%
Return on Invested Capital (ROIC)	-20.1%	-7.98%	-51.4%	-86.69%	-6.47%	1.38%	-8.55%	-50.8%	-15.55%	-20.76%
Gross Margin	54.19%	56.05%	50.27%	46.14%	58.68%	65.81%	69.58%	68.44%	67.94%	66.57%
Net Margin	-49.22%	-9.83%	-53.21%	-95.2%	2.99%	-50.45%	12.75%	-59.4%	-12.77%	-18.52%
Debt / Equity	0.19x	0.22x	0.81x	-	0.09x	0.15x	0.08x	0.10x	0.07x	0.03x
Interest Coverage	-3.88x	-6.89x	-17.74x	-11.77x	-45.43x	0.16x	-	-52.46x	-33.10x	-
FCF Conversion	0.34x	0.59x	0.15x	0.44x	-1.53x	0.15x	-0.06x	-0.03x	0.39x	0.39x
Revenue Growth	-17.32%	2.5%	-16.73%	-26.65%	9.6%	21.56%	26.85%	-5.55%	-3.32%	0.16%

Revenue by Segment

	2022	2023	2024	2025
Subscription	-	-	-	12.36M
Subscription Growth	-	-	-	-
Services	-	-	-	3.03M
Services Growth	-	-	-	-
Subscription and Circulation	11.99M	11.18M	10.7M	-
Subscription and Circulation Growth	-	-6.78%	-4.32%	-
Service	3.26M	3.15M	3.22M	-
Service Growth	-	-3.47%	2.48%	-
Hosting	928K	1.02M	998K	-
Hosting Growth	-	9.48%	-1.77%	-
Maintenance	501K	541K	437K	-
Maintenance Growth	-	7.98%	-19.22%	-
Perpetual Licenses	136	-	-	-
Perpetual Licenses Growth	-	-	-	-

Revenue by Geography

	2022	2023	2024	2025
UNITED STATES	13.2M	12.83M	12.82M	13.11M
UNITED STATES Growth	-	-2.83%	-0.03%	2.22%
Non-US	3.62M	3.06M	2.53M	2.27M
Non-US Growth	-	-15.48%	-17.11%	-10.26%

Frequently Asked Questions

Growth & Financials

Bridgeline Digital, Inc. (BLIN) reported $15.4M in revenue for fiscal year 2025. This represents a 42% decrease from $26.3M in 2012.

Bridgeline Digital, Inc. (BLIN) grew revenue by 0.2% over the past year. Growth has been modest.

Bridgeline Digital, Inc. (BLIN) reported a net loss of $2.6M for fiscal year 2025.

Dividend & Returns

Bridgeline Digital, Inc. (BLIN) has a return on equity (ROE) of -29.1%. Negative ROE indicates the company is unprofitable.

Bridgeline Digital, Inc. (BLIN) had negative free cash flow of $0.6M in fiscal year 2025, likely due to heavy capital investments.

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Bridgeline Digital, Inc. (BLIN) 10-Year Financial Performance & Capital Metrics

BLIN • • Industrial / General

TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Computing & Development Platforms

Revenue $15M +0.2%
EBITDA -$2M -81.7%
Net Income -$3M -45.3%
EPS (Diluted) -0.25 -31.6%
Gross Margin 66.57% -2.0%
EBITDA Margin -10.71% -81.4%
Operating Margin -15.78% -20.0%
Net Margin -18.52% -45.0%
ROE -29.11% -59.3%
ROIC -20.76% -33.5%
Debt/Equity 0.03 -56.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 7 (bottom 7%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.2%

5Y7.12%

3Y-2.93%

TTM0.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM73.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM70.72%

ROCE

10Y Avg-29.37%

5Y Avg-20.35%

3Y Avg-31.86%

Latest-22.88%

Peer Comparison

Cloud Computing & Development Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUYATuya Inc.	1.19B	2.21	260	29.84%	9.12%	2.88%	5.65%	0.00
NTNXNutanix, Inc.	13.16B	48.67	74.88	18.11%	8.43%		5.7%
DOCNDigitalOcean Holdings, Inc.	4.84B	52.88	59.42	12.66%	29.15%		1.99%
ORCLOracle Corporation	545.46B	189.85	43.74	8.38%	25.28%	50.65%		4.96
WIXWix.com Ltd.	4.6B	83.77	35.50	12.74%	7.2%		10.44%
MSFTMicrosoft Corporation	3.39T	456.66	33.48	14.93%	35.71%	28.9%	2.11%	0.18
DOXAmdocs Limited	9.1B	84.29	16.69	-9.43%	12.48%	16.29%	7.09%	0.24
GDDYGoDaddy Inc.	14.51B	107.35	16.64	7.5%	17.01%	9.03%	8.69%	5.63

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	15.89M	16.29M	13.57M	9.95M	10.91M	13.26M	16.82M	15.88M	15.36M	15.38M
Revenue Growth %	-0.17%	0.03%	-0.17%	-0.27%	0.1%	0.22%	0.27%	-0.06%	-0.03%	0%
Cost of Goods Sold+	7.28M	7.16M	6.75M	5.36M	4.51M	4.53M	5.12M	5.01M	4.92M	5.14M
COGS % of Revenue	0.46%	0.44%	0.5%	0.54%	0.41%	0.34%	0.3%	0.32%	0.32%	0.33%
Gross Profit+	8.61M	9.13M	6.82M	4.59M	6.4M	8.73M	11.7M	10.87M	10.43M	10.24M
Gross Margin %	0.54%	0.56%	0.5%	0.46%	0.59%	0.66%	0.7%	0.68%	0.68%	0.67%
Gross Profit Growth %	0.05%	0.06%	-0.25%	-0.33%	0.39%	0.36%	0.34%	-0.07%	-0.04%	-0.02%
Operating Expenses+	11.28M	10.23M	8.76M	10.88M	6.72M	8.59M	13.44M	20.79M	12.45M	11.65M
OpEx % of Revenue	0.71%	0.63%	0.65%	1.09%	0.62%	0.65%	0.8%	1.31%	0.81%	0.76%
Selling, General & Admin	8.39M	8.06M	6.8M	8.07M	5.07M	5.08M	8.62M	7.93M	7M	7.62M
SG&A % of Revenue	0.53%	0.49%	0.5%	0.81%	0.46%	0.38%	0.51%	0.5%	0.46%	0.5%
Research & Development	1.58M	1.59M	1.6M	2.19M	1.64M	2.39M	3.22M	3.68M	4.16M	4.02M
R&D % of Revenue	0.1%	0.1%	0.12%	0.22%	0.15%	0.18%	0.19%	0.23%	0.27%	0.26%
Other Operating Expenses	1.31M	582K	356K	620K	8K	1.11M	1.6M	9.18M	1.3M	0
Operating Income+	-3.54M	-1.39M	-6.99M	-6.28M	-318K	140K	-1.73M	-9.91M	-2.02M	-2.43M
Operating Margin %	-0.22%	-0.09%	-0.52%	-0.63%	-0.03%	0.01%	-0.1%	-0.62%	-0.13%	-0.16%
Operating Income Growth %	0.78%	0.61%	-4.05%	0.1%	0.95%	1.44%	-13.38%	-4.72%	0.8%	-0.2%
EBITDA+	-1.83M	-803K	-6.63M	-5.66M	650K	1.34M	-125K	-8.36M	-907K	-1.65M
EBITDA Margin %	-0.11%	-0.05%	-0.49%	-0.57%	0.06%	0.1%	-0.01%	-0.53%	-0.06%	-0.11%
EBITDA Growth %	0.87%	0.56%	-7.26%	0.15%	1.11%	1.06%	-1.09%	-65.88%	0.89%	-0.82%
D&A (Non-Cash Add-back)	1.72M	582K	356K	620K	968K	1.2M	1.61M	1.55M	1.11M	779K
EBIT	-2.66M	-1.39M	-6.83M	-8.94M	344K	140K	-1.73M	-2.27M	-1.94M	0
Net Interest Income+	-914K	-201K	-394K	-534K	-7K	-883K	417K	-189K	-61K	0
Interest Income	0	0	0	0	0	0	417K	0	0	0
Interest Expense	914K	201K	394K	534K	7K	883K	0	189K	61K	-126K
Other Income/Expense	-4.33M	-201K	-233K	1.6M	1.98M	-6.68M	4.07M	386K	15K	-130K
Pretax Income+	-7.87M	-1.59M	-7.22M	-9.47M	337K	-7.86M	2.17M	-9.53M	-2M	-2.56M
Pretax Margin %	-0.5%	-0.1%	-0.53%	-0.95%	0.03%	-0.59%	0.13%	-0.6%	-0.13%	-0.17%
Income Tax+	-47K	16K	-3K	4K	11K	-1.17M	30K	-94K	-43K	-39K
Effective Tax Rate %	0.99%	1.01%	1%	1%	0.97%	0.85%	0.99%	0.99%	0.98%	1.11%
Net Income+	-7.82M	-1.6M	-7.22M	-9.47M	326K	-6.69M	2.15M	-9.44M	-1.96M	-2.85M
Net Margin %	-0.49%	-0.1%	-0.53%	-0.95%	0.03%	-0.5%	0.13%	-0.59%	-0.13%	-0.19%
Net Income Growth %	0.53%	0.8%	-3.51%	-0.31%	1.03%	-21.52%	1.32%	-5.4%	0.79%	-0.45%
Net Income (Continuing)	-7.82M	-1.6M	-7.22M	-9.47M	326K	-6.69M	2.15M	-9.44M	-1.96M	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-206.66	-19.31	-85.38	-7.90	0.09	-1.13	0.21	-0.91	-0.19	-0.25
EPS Growth %	0.79%	0.91%	-3.42%	0.91%	1.01%	-13.32%	1.19%	-5.33%	0.79%	-0.32%
EPS (Basic)	-206.66	-19.31	-85.38	-7.90	0.09	-1.13	0.21	-0.91	-0.19	-0.25
Diluted Shares Outstanding	37.86K	82.94K	84.55K	1.2M	3.56M	5.94M	10.37M	10.42M	10.42M	11.23M
Basic Shares Outstanding	37.86K	82.94K	84.55K	1.2M	3.56M	5.94M	10.23M	10.42M	10.42M	11.23M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	3.59M	4.13M	2.84M	1.68M	1.91M	10.42M	4.28M	3.66M	2.95M	3.48M
Cash & Short-Term Investments	661K	748K	644K	296K	861K	8.85M	2.86M	2.38M	1.39M	1.63M
Cash Only	661K	748K	644K	296K	861K	8.85M	2.86M	2.38M	1.39M	1.63M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.55M	3.03M	1.72M	979K	665K	1.37M	1.18M	1M	1.29M	1.54M
Days Sales Outstanding	58.53	67.79	46.3	35.91	22.25	37.71	25.65	23.07	30.61	36.59
Inventory	0	0	0	351K	268K	179K	0	0	0	0
Days Inventory Outstanding	-	-	-	23.9	21.7	14.41	-	-	-	-
Other Current Assets	381K	0	473K	49K	111K	0	0	278K	269K	310K
Total Non-Current Assets+	14.14M	13.45M	8.16M	9.48M	8.76M	24.55M	23.23M	13.97M	12.65M	11.85M
Property, Plant & Equipment	512K	209K	80K	299K	532K	733K	857K	541K	237K	180K
Fixed Asset Turnover	31.04x	77.96x	169.60x	33.28x	20.50x	18.09x	19.63x	29.36x	64.80x	85.46x
Goodwill	12.64M	12.64M	7.78M	5.56M	5.56M	15.98M	15.98M	8.47M	8.47M	8.47M
Intangible Assets	548K	263K	20K	3.51M	2.62M	7.75M	6.27M	4.89M	3.91M	3.18M
Long-Term Investments	0	-11.66M	0	0	0	0	0	0	0	0
Other Non-Current Assets	436K	334K	280K	115K	49K	76K	123K	73K	42K	24K
Total Assets+	17.73M	17.57M	11M	11.15M	10.66M	34.97M	27.51M	17.63M	15.6M	15.33M
Asset Turnover	0.90x	0.93x	1.23x	0.89x	1.02x	0.38x	0.61x	0.90x	0.98x	1.00x
Asset Growth %	-0.08%	-0.01%	-0.37%	0.01%	-0.04%	2.28%	-0.21%	-0.36%	-0.12%	-0.02%
Total Current Liabilities+	3.71M	3.63M	3.77M	3.84M	3.6M	8.34M	4.79M	4.75M	4.73M	4.98M
Accounts Payable	1.28M	1.24M	1.58M	1.74M	1.31M	974K	972K	1.25M	1.11M	1.68M
Days Payables Outstanding	64.41	63.26	85.3	118.49	106.17	78.43	69.33	91.36	82.43	119.54
Short-Term Debt	0	0	1.02M	0	88K	893K	429K	267K	282K	217K
Deferred Revenue (Current)	1000K	1000K	594K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.95M	676K	429K	405K	231K	3.93M	768K	478K	405K	2.5M
Current Ratio	0.97x	1.14x	0.75x	0.44x	0.53x	1.25x	0.89x	0.77x	0.62x	0.70x
Quick Ratio	0.97x	1.14x	0.75x	0.35x	0.45x	1.23x	0.89x	0.77x	0.62x	0.70x
Cash Conversion Cycle	-	-	-	-58.68	-62.21	-26.3	-	-	-	-
Total Non-Current Liabilities+	2.52M	2.67M	2.81M	3.52M	2.7M	9.05M	2.37M	1.42M	868K	776K
Long-Term Debt	2.12M	2.5M	2.57M	0	0	1.2M	588K	435K	244K	73K
Capital Lease Obligations	0	0	0	0	198K	320K	390K	241K	6K	0
Deferred Tax Liabilities	-197K	0	0	0	-15K	-418K	-384K	227K	0	0
Other Non-Current Liabilities	400K	172K	234K	3.52M	2.5M	7.54M	1.4M	174K	273K	703K
Total Liabilities	6.23M	6.3M	6.58M	7.36M	6.3M	17.39M	7.16M	6.17M	5.6M	5.76M
Total Debt+	2.16M	2.5M	3.59M	0	382K	2.57M	1.61M	1.09M	689K	290K
Net Debt	1.5M	1.75M	2.95M	-296K	-479K	-6.28M	-1.25M	-1.29M	-701K	-1.34M
Debt / Equity	0.19x	0.22x	0.81x	-	0.09x	0.15x	0.08x	0.10x	0.07x	0.03x
Debt / EBITDA	-	-	-	-	0.59x	1.92x	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-0.74x	-4.68x	-	-	-	-
Interest Coverage	-3.88x	-6.89x	-17.74x	-11.77x	-45.43x	0.16x	-	-52.46x	-33.10x	-
Total Equity+	11.5M	11.27M	4.42M	3.8M	4.36M	17.58M	20.35M	11.46M	10.01M	9.57M
Equity Growth %	1.03%	-0.02%	-0.61%	-0.14%	0.15%	3.04%	0.16%	-0.44%	-0.13%	-0.04%
Book Value per Share	303.80	135.93	52.33	3.17	1.23	2.96	1.96	1.10	0.96	0.85
Total Shareholders' Equity	11.5M	11.27M	4.42M	3.8M	4.36M	17.58M	20.35M	11.46M	10.01M	9.57M
Common Stock	19K	4K	5K	3K	4K	10K	10K	10K	10K	12K
Retained Earnings	-52.37M	-54.25M	-61.78M	-71.49M	-73.58M	-82.29M	-80.14M	-89.58M	-91.54M	-94.06M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-353K	-350K	-351K	-338K	-381K	-353K	-220K	-248K	-299K	-312K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	-2.68M	-940K	-1.11M	-4.2M	-498K	-989K	-134K	277K	-765K	-1.1M
Operating CF Margin %	-0.17%	-0.06%	-0.08%	-0.42%	-0.05%	-0.07%	-0.01%	0.02%	-0.05%	-0.07%
Operating CF Growth %	0.03%	0.65%	-0.19%	-2.77%	0.88%	-0.99%	0.86%	3.07%	-3.76%	-0.44%
Net Income	-7.82M	-1.6M	-7.22M	-9.47M	326K	-6.69M	2.15M	-9.44M	-1.96M	-2.52M
Depreciation & Amortization	1.72M	641K	413K	649K	968K	1.2M	1.61M	1.55M	1.11M	732K
Stock-Based Compensation	320K	559K	492K	249K	194K	607K	478K	571K	558K	582K
Deferred Taxes	67K	0	4.76M	1.61M	-1.03M	-1.2M	-45K	-63K	-65K	-57K
Other Non-Cash Items	3.62M	94K	129K	231K	-960K	5.97M	-4.29M	6.94M	-76K	157K
Working Capital Changes	-580K	-632K	313K	2.53M	2K	-880K	-34K	707K	-333K	0
Change in Receivables	-86K	-86K	1.3M	1.31M	630K	36K	159K	184K	-280K	-261K
Change in Inventory	356K	-52K	-79K	-448K	585K	920K	0	0	0	0
Change in Payables	-425K	-425K	-41K	448K	-585K	-920K	87K	264K	-160K	321K
Cash from Investing+	-165K	-93K	-50K	-5.7M	0	-4.52M	-195K	-25K	-29K	-18K
Capital Expenditures	-165K	-93K	-50K	-31K	0	-79K	-195K	-25K	-29K	-18K
CapEx % of Revenue	0.01%	0.01%	0%	0%	-	0.01%	0.01%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-142K	-46K	-15K	-11K	0	-30K	-78K	0	0	0
Cash from Financing+	3.17M	1.12M	1.06M	9.55M	1.05M	13.47M	-5.48M	-649K	-209K	1.36M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-131K	-131K	-195K	-315K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-262K	56K	0	13.81M	1.05M	6.92M	-4.89M	-250K	0	1.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.85M	-1.03M	-1.16M	-4.23M	-498K	-1.1M	-329K	252K	-794K	-1.12M
FCF Margin %	-0.18%	-0.06%	-0.09%	-0.43%	-0.05%	-0.08%	-0.02%	0.02%	-0.05%	-0.07%
FCF Growth %	0.03%	0.64%	-0.13%	-2.64%	0.88%	-1.2%	0.7%	1.77%	-4.15%	-0.41%
FCF per Share	-75.20	-12.45	-13.77	-3.53	-0.14	-0.18	-0.03	0.02	-0.08	-0.10
FCF Conversion (FCF/Net Income)	0.34x	0.59x	0.15x	0.44x	-1.53x	0.15x	-0.06x	-0.03x	0.39x	0.39x
Interest Paid	469K	128K	250K	88K	0	0	38K	51K	29K	0
Taxes Paid	17K	18K	14K	3K	3K	0	31K	50K	21K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-91.11%	-14.07%	-91.97%	-230.51%	8%	-60.99%	11.31%	-59.32%	-18.27%	-29.11%
Return on Invested Capital (ROIC)	-20.1%	-7.98%	-51.4%	-86.69%	-6.47%	1.38%	-8.55%	-50.8%	-15.55%	-20.76%
Gross Margin	54.19%	56.05%	50.27%	46.14%	58.68%	65.81%	69.58%	68.44%	67.94%	66.57%
Net Margin	-49.22%	-9.83%	-53.21%	-95.2%	2.99%	-50.45%	12.75%	-59.4%	-12.77%	-18.52%
Debt / Equity	0.19x	0.22x	0.81x	-	0.09x	0.15x	0.08x	0.10x	0.07x	0.03x
Interest Coverage	-3.88x	-6.89x	-17.74x	-11.77x	-45.43x	0.16x	-	-52.46x	-33.10x	-
FCF Conversion	0.34x	0.59x	0.15x	0.44x	-1.53x	0.15x	-0.06x	-0.03x	0.39x	0.39x
Revenue Growth	-17.32%	2.5%	-16.73%	-26.65%	9.6%	21.56%	26.85%	-5.55%	-3.32%	0.16%

Revenue by Segment

	2022	2023	2024	2025
Subscription	-	-	-	12.36M
Subscription Growth	-	-	-	-
Services	-	-	-	3.03M
Services Growth	-	-	-	-
Subscription and Circulation	11.99M	11.18M	10.7M	-
Subscription and Circulation Growth	-	-6.78%	-4.32%	-
Service	3.26M	3.15M	3.22M	-
Service Growth	-	-3.47%	2.48%	-
Hosting	928K	1.02M	998K	-
Hosting Growth	-	9.48%	-1.77%	-
Maintenance	501K	541K	437K	-
Maintenance Growth	-	7.98%	-19.22%	-
Perpetual Licenses	136	-	-	-
Perpetual Licenses Growth	-	-	-	-

Revenue by Geography

	2022	2023	2024	2025
UNITED STATES	13.2M	12.83M	12.82M	13.11M
UNITED STATES Growth	-	-2.83%	-0.03%	2.22%
Non-US	3.62M	3.06M	2.53M	2.27M
Non-US Growth	-	-15.48%	-17.11%	-10.26%

Frequently Asked Questions

Growth & Financials

Bridgeline Digital, Inc. (BLIN) reported $15.4M in revenue for fiscal year 2025. This represents a 42% decrease from $26.3M in 2012.

Bridgeline Digital, Inc. (BLIN) grew revenue by 0.2% over the past year. Growth has been modest.

Bridgeline Digital, Inc. (BLIN) reported a net loss of $2.6M for fiscal year 2025.

Dividend & Returns

Bridgeline Digital, Inc. (BLIN) has a return on equity (ROE) of -29.1%. Negative ROE indicates the company is unprofitable.

Bridgeline Digital, Inc. (BLIN) had negative free cash flow of $0.6M in fiscal year 2025, likely due to heavy capital investments.