Bridgeline Digital, Inc. (BLIN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: August 14, 2025

Risk Assessment Details

Potential Dilution: 488.15% of current shares
Recent Dilution: 27.88% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
12M
Potential Supply
58M
Additional shares possible
Splits
None
Past 2 years

Summary

BLIN currently has 11.9M outstanding shares. with significant dilution risk as 58.3M authorized shares could dilute existing holders by 488.2%. The company has significantly diluted shareholders by 27.88% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 14, 2025

10-Q filing | 11.9M shares outstanding

12M 58M
May 15, 2025

10-Q filing | 11.9M shares outstanding

12M 58M
Mar 25, 2025

8-K filing: Bridgeline Digital, Inc. entered into a Securities Purchase Agreement for a registered direct offering of 1,000,000 shares of common stock at $1.50 per share and a subscription agreement for a private placement of 473,979 unregistered shares of common stock at $1.52 per share. ($2.22M proceeds)

9.3M 61M
Feb 24, 2025

S-3 filing: The filing is an S-3 form indicating a shelf registration for up to $50,000,000 of securities including common stock, preferred stock, and debt securities, which may be offered from time to time.

9.3M 61M
Feb 14, 2025

10-Q filing | 10.4M shares outstanding

10M 28M
Dec 26, 2024

10-K filing | 10.4M shares outstanding

10M 28M
Aug 14, 2024

10-Q filing | 10.4M shares outstanding

10M 28M
May 14, 2024

10-Q filing | 10.4M shares outstanding

10M 28M
Feb 14, 2024

10-Q filing | 10.4M shares outstanding

10M 28M
Dec 27, 2023

10-K filing | 10.4M shares outstanding

10M 28M
Aug 14, 2023

10-Q filing | 10.4M shares outstanding

10M 28M
May 15, 2023

10-Q filing | 10.4M shares outstanding

10M 28M
Feb 14, 2023

10-Q filing | 10.4M shares outstanding

10M 28M
Dec 21, 2022

10-K filing | 10.4M shares outstanding

10M 28M
Aug 12, 2022

10-Q filing | 10.2M shares outstanding

10M 28M
May 13, 2022

10-Q filing | 10.2M shares outstanding

10M 28M
Mar 02, 2022

S-3/A filing: The filing registers an indeterminate number of shares of common stock and preferred stock, an indeterminate principal amount of debt securities, and an indeterminate number of warrants and units, with an aggregate offering price not to exceed $50,000,000.

10M 28M
Feb 16, 2022

S-3 filing: The company may offer and sell, in one or more offerings, up to $50,000,000 of any combination of the securities described in this prospectus.

10M 28M
Feb 10, 2022

10-Q filing | 10.2M shares outstanding

10M 3.1M
Dec 20, 2021

10-K filing | 10.2M shares outstanding

10M 3.1M
Aug 16, 2021

10-Q filing | 6.8M shares outstanding

6.8M 6.5M
Aug 12, 2021

S-3/A filing: This is an S-3/A filing for the proposed resale of up to 2,671,917 shares of the company's common stock by selling stockholders.

6.5M 6.8M
May 28, 2021

S-3 filing: This prospectus relates to the offer and sale of up to 2,671,917 shares of common stock of Bridgeline Digital, Inc., held by the selling stockholders, including shares issuable upon conversion of Series D Preferred Stock and exercise of warrants.

6.5M 6.8M
May 17, 2021

10-Q filing | 6.5M shares outstanding

6.5M 4.2M
May 14, 2021

8-K filing: Bridgeline Digital, Inc. completed a registered direct offering of 1,060,000 shares of common stock at $2.28 per share and a private placement of 2,700 units, each consisting of Series D Convertible Preferred Stock and warrants. ($7.81M proceeds)

5.3M 5.3M
Feb 11, 2021

10-Q filing | 5.3M shares outstanding

5.3M 5.3M
Feb 09, 2021

8-K filing: Bridgeline Digital, Inc. completed a registered direct offering of 880,000 shares of common stock at $3.10 per share, resulting in gross proceeds of approximately $2.72 million, with Joseph Gunnar & Company, LLC and Taglich Brothers, Inc. acting as placement agents. ($2.72M proceeds)

4.4M 6.2M
Dec 23, 2020

10-K filing | 4.4M shares outstanding

4.4M 6.2M
Aug 13, 2020

10-Q filing | 4.4M shares outstanding

4.4M 6.2M
Jun 19, 2020

S-3/A filing: The filing is for a shelf offering of common stock, preferred stock, and debt securities, with a total offering price not to exceed $10,000,000.

4.4M 6.3M
Jun 12, 2020

S-3 filing: The filing is an S-3 form registering common stock, preferred stock, and debt securities for potential sale, with a total offering price not to exceed $10,000,000.

4.3M 6.3M
May 14, 2020

10-Q filing | 3.1M shares outstanding

3.1M 0
Feb 13, 2020

10-Q filing | 2.8M shares outstanding

2.8M 0
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