The filing is a sales-only update without full financials; watch for the upcoming 10-K filing for GAAP revenue, EPS, and cash flow details to confirm whether the strong sales momentum is translating into improved profitability and reduced net losses.
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Executive Summary
Bridgeline Digital reported record Q4 and fiscal 2026 sales for its HawkSearch AI eCommerce platform, with 12 new customers in Q4 (third consecutive quarterly record) and 38 new customers for the full year. The press release provides sales metrics (TCV, ARR, ARPU) but does not include a full income statement, so no GAAP revenue, EPS, or guidance figures are available for this period. The company ended fiscal 2026 with approximately $1.0M in cash and less than $200K in legacy bank debt.
Key Facts
- Record Q4: 12 new customers with $1.4M TCV and over $400K ARR
- Record fiscal year: 38 new customers, 37 existing customer sales, nearly $8M TCV and $2.2M ARR
- Q4 ARPU increased 53% from prior quarter; fiscal year ARPU up 35% from fiscal 2025
- Core products expected to represent 61% of total revenue and 64% of subscription revenue for fiscal 2026
- HawkSearch accounted for 89% of all sales during fiscal 2026
- Ended fiscal 2026 with ~$1.0M cash and <$200K legacy bank debt at ~3.5% interest
- Net revenue retention (NRR) above 105% for fiscal 2026
- Legacy products generate >$5M revenue and $3M gross profit, supporting HawkSearch investment
Financial Impact
Record sales year with nearly $8M in total contract value and $2.2M in ARR; Q4 alone added $1.4M TCV and $400K ARR from new customers plus $750K TCV and $200K ARR from existing customers
Risk Factors
- No GAAP financial statements provided; full-year revenue and profitability impact of record sales is unknown
- Cash declined to ~$1.0M from $1.465M at June 30, 2026, suggesting ongoing cash burn despite sales growth
- Company still operates at a net loss (Q3 FY2026 net loss of $468K); profitability timeline remains uncertain
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-032177 |
| Exhibit: ex_1022590.htm | 0001437749-26-032177 |
| Document: 0001437749-26-032177-index-headers.html | 0001437749-26-032177 |
| Document: 0001437749-26-032177-index.html | 0001437749-26-032177 |
| Document: 0001437749-26-032177.txt | 0001437749-26-032177 |
| 8-K Data (Synthetic) | 0001437749-26-032177 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $0.7000 | awaiting T+20 | — | $0.7100 (−1.43%) |
Oct 6, 2026 20d ago | 8-K | $0.7821 | awaiting T+20 | — | $0.7100 (−9.22%) |
Aug 18, 2026 9w ago | 8-K | $0.9667 $0.8705 | ▼ −9.95% | ▼ −8.00% | $0.7100 (−26.55%) |
Jul 14, 2026 14w ago | 8-K | $1.22 $1.09 | ▲ +10.66% | ▲ +13.00% | $0.7100 (+41.80%) |
Jul 14, 2026 14w ago | 424B5 | $1.22 $1.09 | ▲ +10.66% | ▲ +13.00% | $0.7100 (+41.80%) |
Jun 16, 2026 18w ago | 8-K | $0.9950 $1.22 | ▲ +22.61% | ▲ +22.41% | $0.7100 (−28.64%) |
May 4, 2026 25w ago | 8-K | $1.05 $1.25 | ▲ +19.05% | ▲ +14.09% | $0.7100 (−32.38%) |
US Market Status
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