Bridgeline SEC Filings

Bridgeline Digital, Inc. insider activity: President and CEO Roger E. Kahn, who is also a 10% owner and director, reported multiple open-market purchases of Bridgeline common stock. On February 17, he bought 35,301 shares at a weighted average price of $0.75 per share. On February 18, he bought 14,000 shares at $0.82 per share, and on February 19, he bought 5,000 shares at $0.85 per share, for a total of 54,301 shares acquired in these transactions.

After these purchases, Kahn directly owned 1,763,736 shares of common stock. The filing also notes an additional 544 shares held indirectly by his spouse, for which he disclaims beneficial ownership except to the extent of his pecuniary interest. Some trades were executed in multiple lots within stated price ranges, and the reported prices are weighted averages.

Bridgeline Digital reported fiscal first-quarter 2026 results for the period ended December 31, 2025. Total net revenue was $3.913 million, up from $3.791 million a year earlier, driven by subscription revenue of $3.155 million and services revenue of $758,000.

Core products, led by the HawkSearch suite, grew revenue by 17% and now account for more than 63% of subscription revenue. The company posted a much smaller net loss of $86,000 compared with a net loss of $634,000 in the prior-year quarter, with basic and diluted net loss per share improving to $(0.01) from $(0.06).

Bridgeline’s Adjusted EBITDA turned positive at $122,000 versus an Adjusted EBITDA loss of $193,000 a year earlier. Management highlighted strong renewal rates and increased customer investment in new AI-powered products, and plans to discuss results on a conference call on February 12, 2026.

Bard Associates, Inc. filed an amended Schedule 13G reporting passive ownership in Bridgeline Digital, Inc. common stock. Bard beneficially owns 1,091,086 shares, representing 9.7% of the outstanding common stock. Bard has shared dispositive power over these shares but no sole or shared voting power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Bridgeline Digital.

Bridgeline Digital, Inc. reported modest revenue growth and a sharply smaller loss for the quarter ended December 31, 2025. Total net revenue was $3.9 million, up from $3.8 million a year earlier, driven mainly by subscription revenue of $3.2 million and services revenue of $0.8 million.

Gross profit was $2.6 million with a 66% margin, similar to last year. Operating expenses fell to $2.8 million from $3.0 million, primarily due to lower research and development and general and administrative costs. Net loss narrowed to $86 thousand from $634 thousand, and basic and diluted loss per share improved to $(0.01) from $(0.06).

Adjusted EBITDA turned positive at $122 thousand versus a loss of $193 thousand in the prior-year quarter. Cash and cash equivalents were $1.5 million as of December 31, 2025, with total assets of $15.7 million and total liabilities of $6.2 million. The company maintains an effective Form S-3 shelf, with approximately $47.7 million of securities capacity remaining, but no active offerings.

Bridgeline Digital, Inc. reported that Nasdaq has notified the company its common stock no longer meets the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). This followed thirty consecutive business days with a closing bid below that level, ending January 28, 2026.

The company has an initial 180-day compliance period, until July 28, 2026, to have its bid price at or above $1.00 for at least ten consecutive business days. If it meets other Nasdaq Capital Market listing standards, it may qualify for an additional 180-day extension. The notice does not immediately delist the stock, and the company plans to monitor its share price and consider available options.

Bridgeline Digital, Inc. insider Roger “Ari” Kahn filed Amendment No. 8 to his Schedule 13D to update his ownership in the company’s common stock.

As of this amendment, Kahn beneficially owns 2,649,777 shares of Bridgeline common stock, representing 19.6% of the class, based on 12,599,879 shares outstanding as of January 30, 2026.

The update reflects several recent equity events: on September 30, 2025, he received a restricted stock award of 169,429 shares, with 57,098 shares withheld for taxes, resulting in a net issuance of 112,331 shares. On December 30, 2025, he exercised an option for 1,000 shares at an exercise price of $0.81 per share, delivering 685 shares to cover the exercise price. On January 30, 2026, he received an additional restricted stock award of 300,000 shares.

The filing also notes that Kahn’s beneficial ownership includes 544 shares held by his spouse and 939,798 option shares that are vested or will vest within 60 days of February 3, 2026. Aside from the equity awards and option exercise described, he reports no other transactions in the company’s stock during the prior 60 days.

Bridgeline Digital’s Chief Financial Officer Thomas R. Windhausen received a grant of stock options on 01/30/2026. The award covers 50,000 shares of common stock at an exercise price of $0.82 per share and expires on 01/30/2036.

The option vests in twelve equal quarterly installments, beginning with the first fiscal quarter following the grant date. After this grant, Windhausen beneficially owns 50,000 derivative securities directly through this option award.

Bridgeline Digital, Inc. President and CEO Roger E. Kahn reported receiving a grant of 300,000 shares of common stock on 01/30/2026 under the company’s 2025 Stock Incentive Plan at a stated value of $0.82 per share. These restricted shares will vest in twelve equal installments over twelve fiscal quarters, starting with the first quarter after the grant date.

Following this award, Kahn directly reports beneficial ownership of 1,709,435 common shares. He also reports 544 common shares held indirectly by his spouse and formally disclaims beneficial ownership of those spouse-held shares except to the extent of any pecuniary interest.

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.