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High materiality7/10

Bridgeline posts record new logos and Gartner validation, but cash burn remains

Aug 13, 2026, 4:18 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The combination of record new-logo flow, solid NRR, and Gartner validation could drive near-term upside as investors reprice growth potential; however, the still-negative GAAP earnings and modest cash runway cap upside if the company formalizes a path to profitability.

AI summary

What happened, with direct paths to the underlying reporting

Bridgeline Digital reported fiscal Q3 2026 results with revenue of $3.9 million, driven by new logo sales and expanding HawkSearch adoption. Core revenue rose 13% trailing 12 months and now makes up 62% of total revenue, with 66% of subscription revenue from core products. Gartner named HawkSearch top for B2B search again, as Bridgeline added 9 new logos, over $370k ARR, and a growing pipeline, signaling continued momentum despite ongoing net losses and a modest cash runway.

Q3 2026 revenue $3.9M; sequential and YoY growth.
Core revenue 62% of total; core subscription 66% of subscription.
HawkSearch ranked #1 for B2B search in Gartner 2026; AI roadmap advanced.
9 new logos, 10 expansions; ARR > $370k; 19 deals.
Nine months revenue $11.8M; NRR 106%; quarterly net loss $0.5M; cash $1.465M.

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