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Bridgeline Digital, Inc.

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2025 · Filed Feb 12, 2026

BLIN$0.62-7.3%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Item 1. Condensed Consolidated Financial Statements

Condensed Consolidated Balance Sheets as of December 31, 2025 (unaudited) and September 30, 20254
Condensed Consolidated Statements of Operations (unaudited) for the three months ended December 31, 2025 and 20245
Condensed Consolidated Statements of Comprehensive Loss (unaudited) for the three months ended December 31, 2025 and 20246
Condensed Consolidated Statements of Stockholders’ Equity (unaudited) for the three months ended December 31, 2025 and 20247
Condensed Consolidated Statements of Cash Flows (unaudited) for the three months ended December 31, 2025 and 20248
Notes to Unaudited Condensed Consolidated Financial Statements9
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 3.Qualitative and Quantitative Disclosures About Market Risk28
Item 4.Controls and Procedures28
Part IIOther Information
Item 1.Legal Proceedings29
Item 1A.Risk Factors29
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds29
Item 3.Defaults Upon Senior Securities29
Item 4.Mine Safety Disclosures29
Item 5.Other Information29
Item 6.Exhibits30
Signatures31

Quarterly Report on Form 10-Q

For the Quarterly Period ended December 31, 2025

Statements contained in this Report on Form 10-Q, 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-Q 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, instability in the financial markets, including the banking sector; 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 not 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 in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, 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 Digital” we mean Bridgeline Digital, Inc.

PART I—FINANCIAL INFORMATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
December 31, 2025September 30, 2025
ASSETS
Current assets:
Cash and cash equivalents$1,481$1,626
Accounts receivable, net1,5901,542
Prepaid expenses and other current assets618310
Total current assets3,6893,478
Property and equipment, net4646
Operating lease assets488134
Intangible assets, net2,9933,176
Goodwill8,4688,468
Other assets5224
Total assets$15,736$15,326
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt$86$156
Current portion of operating lease liabilities12561
Accounts payable1,4951,684
Accrued liabilities1,203819
Deferred revenue2,3182,262
Total current liabilities5,2274,982
Long-term debt, net of current portion150170
Operating lease liabilities, net of current portion36273
Warrant liabilities12102
Other long-term liabilities431431
Total liabilities6,1825,758
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock - $0.001 par value; 1,000,000 shares authorized
Common stock - $0.001 par value; 50,000,000 shares authorized; 12,224,714 shares issued and outstanding at December 31, 2025 and 12,224,399 shares issued and outstanding at September 30, 20251212
Additional paid-in capital104,002103,924
Accumulated deficit(94,142)(94,056)
Accumulated other comprehensive loss(318)(312)
Total stockholders’ equity9,5549,568
Total liabilities and stockholders’ equity$15,736$15,326

The accompanying notes are an integral part of these condensed consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.