Bridgeline Financials
This page shows Bridgeline (BLIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Bridgeline has an operating margin of -15.8%, meaning the company retains $-16 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -13.2% the prior year.
Bridgeline's revenue grew a modest 0.2% year-over-year to $15.4M. This slow but positive growth earns a score of 29/100.
Bridgeline carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Bridgeline's current ratio of 0.70 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.
While Bridgeline generated -$1.1M in operating cash flow, capex of $18K consumed most of it, leaving -$1.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Bridgeline passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bridgeline generates $0.44 in operating cash flow (-$1.1M OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Bridgeline generated $15.4M in revenue in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Bridgeline's EBITDA was -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 76.6% from the prior year.
Bridgeline generated -$1.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 41.3% from the prior year.
Bridgeline reported -$2.5M in net income in fiscal year 2025. This represents a decrease of 28.4% from the prior year.
Bridgeline earned $-0.25 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 31.6% from the prior year.
Bridgeline held $1.6M in cash against $170K in long-term debt as of fiscal year 2025.
Bridgeline had 12M shares outstanding in fiscal year 2025. This represents an increase of 17.3% from the prior year.
Bridgeline's gross margin was 66.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.
Bridgeline's operating margin was -15.8% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
Bridgeline's net profit margin was -16.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.
Bridgeline invested $4.0M in research and development in fiscal year 2025. This represents a decrease of 3.3% from the prior year.
Bridgeline invested $18K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.9% from the prior year.
BLIN Income Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3K-99.9% | $3.9M+1.7% | $3.8M-0.7% | $3.9M+2.2% | $3.8M-3.7% | $3.9M+3.5% | $3.8M+1.3% | $3.8M |
| Cost of Revenue | $985-99.9% | $1.3M+2.1% | $1.3M+3.1% | $1.3M+0.2% | $1.3M+2.1% | $1.2M-3.9% | $1.3M+6.4% | $1.2M |
| Gross Profit | $3K-99.9% | $2.6M+1.6% | $2.5M-2.6% | $2.6M+3.2% | $2.5M-6.3% | $2.7M+7.2% | $2.5M-1.1% | $2.6M |
| R&D Expenses | $792-99.9% | $792K-17.6% | $961K-13.4% | $1.1M+3.4% | $1.1M+6.4% | $1.0M-2.8% | $1.0M-5.1% | $1.1M |
| SG&A Expenses | $711-99.9% | $711K-8.1% | $774K-1.1% | $783K-0.4% | $786K-10.5% | $878K+14.6% | $766K-1.9% | $781K |
| Operating Income | $171+100.1% | -$171K+75.2% | -$689K+7.5% | -$745K-45.8% | -$511K-33.4% | -$383K+26.2% | -$519K+18.3% | -$635K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $5-99.9% | $5K0.0% | $5K0.0% | $5K0.0% | $5K0.0% | $5K0.0% | $5K0.0% | $5K |
| Net Income | $86+100.1% | -$86K+89.1% | -$789K-8.1% | -$730K-15.1% | -$634K-107.9% | -$305K+49.3% | -$602K+3.2% | -$622K |
| EPS (Diluted) | $0.01+200.0% | $-0.01+85.7% | $-0.07+30.0% | $-0.10-66.7% | $-0.06-100.0% | $-0.03+50.0% | $-0.060.0% | $-0.06 |
BLIN Balance Sheet
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16K-99.9% | $15.7M-2.6% | $16.1M-5.1% | $17.0M+9.5% | $15.5M-0.4% | $15.6M-4.2% | $16.3M-1.9% | $16.6M |
| Current Assets | $4K-99.9% | $3.7M-9.7% | $4.1M-13.7% | $4.7M+51.4% | $3.1M+6.1% | $2.9M-6.5% | $3.2M+0.9% | $3.1M |
| Cash & Equivalents | $1K-99.9% | $1.5M-29.6% | $2.1M-23.6% | $2.8M+85.5% | $1.5M+6.7% | $1.4M+6.8% | $1.3M-7.6% | $1.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2K-99.9% | $1.6M+13.5% | $1.4M+0.1% | $1.4M+19.7% | $1.2M-9.2% | $1.3M-11.9% | $1.5M+16.9% | $1.3M |
| Goodwill | $8K-99.9% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M |
| Total Liabilities | $6K-99.9% | $6.2M-0.3% | $6.2M-3.6% | $6.4M+7.2% | $6.0M+7.1% | $5.6M-3.1% | $5.8M+1.9% | $5.7M |
| Current Liabilities | $5K-99.9% | $5.2M-1.1% | $5.3M-3.5% | $5.5M+7.7% | $5.1M+7.5% | $4.7M+2.8% | $4.6M+5.0% | $4.4M |
| Long-Term Debt | $150-99.9% | $150K-56.9% | $348K-14.3% | $406K-0.7% | $409K-18.2% | $500K-18.3% | $612K-5.3% | $646K |
| Total Equity | $10K-99.9% | $9.6M-4.0% | $9.9M-6.1% | $10.6M+10.9% | $9.6M-4.6% | $10.0M-4.8% | $10.5M-3.9% | $10.9M |
| Retained Earnings | $94K+100.1% | -$94.1M-0.5% | -$93.7M-0.8% | -$92.9M-0.8% | -$92.2M-0.7% | -$91.5M-0.8% | -$90.8M-0.7% | -$90.2M |
BLIN Cash Flow Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $39+100.1% | -$39K+93.1% | -$565K-51.9% | -$372K-309.0% | $178K-18.0% | $217K+352.3% | -$86K+90.4% | -$896K |
| Capital Expenditures | $7-99.9% | $7K+40.0% | $5K+150.0% | $2K-60.0% | $5K0.0% | $5K0.0% | $5K | $0 |
| Free Cash Flow | $32+100.1% | -$46K+91.9% | -$570K-52.4% | -$374K-316.2% | $173K-18.4% | $212K+333.0% | -$91K+89.8% | -$896K |
| Investing Cash Flow | $17+100.1% | -$17K | N/A | N/A | -$5K | N/A | N/A | N/A |
| Financing Cash Flow | N/A | -$115K-19.8% | -$96K | N/A | N/A | -$20K+4.8% | -$21K+75.0% | -$84K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $333 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BLIN Financial Ratios
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.0%+15.9pp | 66.1%-0.1pp | 66.3%-1.3pp | 67.5%+0.6pp | 66.9%-1.9pp | 68.8%+2.4pp | 66.3%-1.6pp | 68.0% |
| Operating Margin | 5.4%+9.8pp | -4.4%+13.5pp | -17.9%+1.3pp | -19.2%-5.8pp | -13.5%-3.8pp | -9.7%+3.9pp | -13.6%+3.3pp | -16.9% |
| Net Margin | 2.7%+4.9pp | -2.2%+18.3pp | -20.5%-1.7pp | -18.8%-2.1pp | -16.7%-9.0pp | -7.8%+8.1pp | -15.8%+0.7pp | -16.6% |
| Return on Equity | 0.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.5%+1.1pp | -0.5%+4.3pp | -4.9%-0.6pp | -4.3%-0.2pp | -4.1%-2.2pp | -1.9%+1.8pp | -3.7%+0.1pp | -3.8% |
| Current Ratio | 0.710.0 | 0.71-0.1 | 0.77-0.1 | 0.86+0.2 | 0.620.0 | 0.62-0.1 | 0.69-0.0 | 0.71 |
| Debt-to-Equity | 0.020.0 | 0.02-0.0 | 0.040.0 | 0.040.0 | 0.040.0 | 0.050.0 | 0.060.0 | 0.06 |
| FCF Margin | 1.0%+2.2pp | -1.2%+13.6pp | -14.8%-5.2pp | -9.7%-14.2pp | 4.6%+5.0pp | -0.5%+1.9pp | -2.4%+21.5pp | -23.9% |
Note: The current ratio is below 1.0 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Bridgeline's annual revenue?
Bridgeline (BLIN) reported $15.4M in total revenue for fiscal year 2025. This represents a 0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bridgeline's revenue growing?
Bridgeline (BLIN) revenue grew by 0.2% year-over-year, from $15.4M to $15.4M in fiscal year 2025.
Is Bridgeline profitable?
No, Bridgeline (BLIN) reported a net income of -$2.5M in fiscal year 2025, with a net profit margin of -16.4%.
What is Bridgeline's earnings per share (EPS)?
Bridgeline (BLIN) reported diluted earnings per share of $-0.25 for fiscal year 2025. This represents a -31.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Bridgeline's EBITDA?
Bridgeline (BLIN) had EBITDA of -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bridgeline have?
As of fiscal year 2025, Bridgeline (BLIN) had $1.6M in cash and equivalents against $170K in long-term debt.
What is Bridgeline's gross margin?
Bridgeline (BLIN) had a gross margin of 66.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bridgeline's operating margin?
Bridgeline (BLIN) had an operating margin of -15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bridgeline's net profit margin?
Bridgeline (BLIN) had a net profit margin of -16.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bridgeline's free cash flow?
Bridgeline (BLIN) generated -$1.1M in free cash flow during fiscal year 2025. This represents a -41.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bridgeline's operating cash flow?
Bridgeline (BLIN) generated -$1.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bridgeline's total assets?
Bridgeline (BLIN) had $15.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bridgeline's capital expenditures?
Bridgeline (BLIN) invested $18K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Bridgeline spend on research and development?
Bridgeline (BLIN) invested $4.0M in research and development during fiscal year 2025.
How many shares does Bridgeline have outstanding?
Bridgeline (BLIN) had 12M shares outstanding as of fiscal year 2025.
What is Bridgeline's current ratio?
Bridgeline (BLIN) had a current ratio of 0.70 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Bridgeline's debt-to-equity ratio?
Bridgeline (BLIN) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bridgeline's return on assets (ROA)?
Bridgeline (BLIN) had a return on assets of -16.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bridgeline's cash runway?
Based on fiscal year 2025 data, Bridgeline (BLIN) had $1.6M in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 18 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Bridgeline's Piotroski F-Score?
Bridgeline (BLIN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bridgeline's earnings high quality?
Bridgeline (BLIN) has an earnings quality ratio of 0.44x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Bridgeline?
Bridgeline (BLIN) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.