Here are the 10-K annual reports from Bridgeline Digital Inc. (BLIN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BLIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BLIN filings page.
Bridgeline Digital, Inc. reports flat annual revenue of $15.4 million for the year ended September 30, 2025, as growth in core AI-driven products offset declines in legacy offerings. Subscription revenue rose slightly to $12.4 million, or 80% of total revenue, while services revenue slipped to $3.0 million.
Core products led by HawkSearch grew 16% to $8.9 million, helped by HawkSearch being ranked #1 in the 2025 Gartner Critical Capabilities Report for the B2B Search use case and new AI features such as Agentic AI, Generative AI, RAG, and large and small language models.
The company’s loss from operations widened to $(2.4) million and net loss increased to $(2.5) million, or $(0.25) per share, reflecting higher sales and marketing spend and continued R&D investment of $4.0 million, or 26% of revenue. Adjusted EBITDA was a loss of $(0.9) million. Bridgeline raised $0.7 million net in a March 2025 private placement and ended with approximately 12.2 million common shares outstanding.