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Bridgeline Digital, Inc.

For the period ended Sep 30, 2025. Filed Dec 19, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 19, 2025

BLIN$0.67+8.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED September 30, 2025

INDEX

Page
PART I.
Item 1.Business4
Item 1A.Risk Factors8
Item 1B.Unresolved Staff Comments13
Item 1C.Cybersecurity13
Item 2.Properties13
Item 3.Legal Proceedings13
Item 4.Mine Safety Disclosures13
PART II.
Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities14
Item 6.[Reserved]14
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations14
Item 7A.Quantitative and Qualitative Disclosures about Market Risk23
Item 8.Financial Statements and Supplementary Data23
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure48
Item 9A.Controls and Procedures48
Item 9B.Other Information48
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections48
PART III.
Item 10.Directors, Executive Officers and Corporate Governance49
Item 11.Executive Compensation52
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters54
Item 13.Certain Relationships and Related Transactions, and Director Independence56
Item 14.Principal Accountant Fees and Services56
PART IV.
Item 15.Exhibits and Financial Statement Schedules57
Signatures

Forward Looking Statement

All statements included in this Annual Report on Form 10-K, other than statements or characterizations of historical fact, are forward-looking statements. These “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, are based on our current expectations, estimates and projections about our industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These statements appear in a number of places in this Form 10-K and include statements regarding the intent, belief or current expectations of Bridgeline Digital, Inc. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions, including, but not limited to: business operations and the business of our customers, suppliers and partners; our ability to retain and upgrade current customers, increasing our recurring revenue, our ability to attract new customers, our revenue growth rate; our history of net loss and our ability to achieve or maintain profitability; our liability for any unauthorized access to our data or our users’ content, including through privacy and data security breaches; any decline in demand for our platform or products; changes in the interoperability of our platform across devices, operating systems, and third party applications that we do no control; competition in our markets; our ability to respond to rapid technological changes, extend our platform, develop new features or products, or gain market acceptance for such new features or products, particularly in light of potential disruptions to the productivity of our employees resulting from remote work; our ability to manage our growth or plan for future growth, and our acquisition of other businesses and the potential of such acquisitions to require significant management attention, disrupt our business, or dilute stockholder value; the volatility of the market price of our common stock, the ability to maintain our listing on the Nasdaq Capital Market; or our ability to maintain an effective system of internal controls as well as other risks described in our filings with the Securities and Exchange Commission. Any of such risks could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Bridgeline Digital, Inc. assumes no obligation to, and does not currently intend to, update any such forward-looking statements, except as required by applicable law. We urge readers to* *review carefully the risk factors described herein and in the other documents that we file with the Securities and Exchange Commission. You can read these documents atwww.sec.gov.

Where we say “we,” “us,” “our,” “Company” or “Bridgeline” or “Bridgeline Digital” we mean Bridgeline Digital, Inc.

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