BLIN earnings analysis
What we found in BLIN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Bridgeline Digital reported third-quarter revenue of $3.922 million and a diluted EPS loss of $0.04. Revenue declined approximately 2.0% from both the prior quarter and 2025 Q3, and missed the $4.7 million estimate by approximately 16.6%; EPS also missed the $0.01 estimate. The 10-Q provides no quantitative outlook, and the filing states that no material risk-factor changes occurred versus the September 30, 2025 Form 10-K.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Remained Near $4 Million
- Third-quarter revenue was $3.922 million, down approximately 2.0% from $4.0 million in the prior quarter and roughly 2.0% below the $4.0 million reported in 2025 Q3.
- EPS Improved Year Over Year
- Diluted EPS was a loss of $0.04, unchanged from 2026 Q2 but improved from the $0.07 loss in 2025 Q3.
- Revenue and EPS Missed Estimates
- Revenue missed the $4.7 million estimate by $0.778 million, or approximately 16.6%, while the $0.04 EPS loss was $0.03 worse than the estimated $0.01 loss.
- No Defaults or Unregistered Sales Reported
- The filing reports no unregistered sales of equity securities and no defaults upon senior securities during the reported period.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Continuing Losses and Revenue Miss
- The company continues to report losses, with diluted EPS of negative $0.04 in the current quarter, following a negative $0.04 in 2026 Q2. Revenue of $3.922 million was also below the $4.7 million estimate, highlighting execution and demand risk.
- Potential Equity Financing Dilution
- A Common Stock Sales Agreement dated July 14, 2026 was entered into with WestPark Capital, Inc.; the 10-Q does not disclose the offering size, creating potential equity-financing and dilution uncertainty.
- Prior 10-K Risks Remain Applicable
- Item 1A states that there have been no material changes to the risk factors in the September 30, 2025 Form 10-K, so previously disclosed risks remain applicable.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.04
What they said about what is next.
No quantitative revenue or EPS outlook was provided in the 10-Q. The filing states there were no material changes to the risk factors from the September 30, 2025 Form 10-K.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 14, 2026
- Bridgeline Digital's Q2 fiscal 2026 showed stagnation in revenue with a total of $3.9 million, unchanged from the previous year, alongside an increase in net loss to $(0.4) million from $(0.3) million in Q2 fiscal 2025.…
- 10-Q · February 12, 2026
- Bridgeline reported Q1 fiscal 2026 revenue of $3,913,000, up $122,000 (+3.2%) year-over-year but down modestly vs. the prior quarter. Gross margin remained roughly stable at ~66.1% while operating loss narrowed to…
- 10-Q · May 15, 2025
- Bridgeline Digital reported quarter net revenue of $3,875,000 (up $71,000 vs. $3,804,000 in the prior-year quarter) but widened its operating loss to $745,000 and GAAP diluted loss per share to $(0.10). The company…
- 10-Q · February 14, 2025
- Bridgeline Digital reported steady revenue of $3.791 million for Q1 2025, maintaining the same level as the previous quarters. Management pointed out strategic cost control measures contributing to a reduced operating…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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