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Side-by-side financial comparison of Bridgeline Digital, Inc. (BLIN) and INSPIRE VETERINARY PARTNERS, INC. (IVP). Click either name above to swap in a different company.

INSPIRE VETERINARY PARTNERS, INC. is the larger business by last-quarter revenue ($4.3M vs $3.9M, roughly 1.1× Bridgeline Digital, Inc.). Bridgeline Digital, Inc. runs the higher net margin — -2.2% vs -58.5%, a 56.3% gap on every dollar of revenue. On growth, INSPIRE VETERINARY PARTNERS, INC. posted the faster year-over-year revenue change (6.6% vs 3.2%). Bridgeline Digital, Inc. produced more free cash flow last quarter ($-46.0K vs $-1.3M). Over the past eight quarters, INSPIRE VETERINARY PARTNERS, INC.'s revenue compounded faster (2.4% CAGR vs 1.4%).

Bridgeline Digital, Inc. provides digital experience solutions including web content management, e-commerce platforms, marketing automation tools, and custom digital development services. It primarily serves small and medium-sized North American enterprises across retail, healthcare, education, and non-profit segments.

Inspire Veterinary Partners, Inc. is a U.S.-based operator of companion animal veterinary clinics. It delivers full-spectrum pet healthcare services including preventive care, diagnostic testing, surgery, dental care, and emergency treatment for dogs, cats and other small pets, serving communities across multiple U.S. states.

BLIN vs IVP — Head-to-Head

Bigger by revenue
IVP
IVP
1.1× larger
IVP
$4.3M
$3.9M
BLIN
Growing faster (revenue YoY)
IVP
IVP
+3.4% gap
IVP
6.6%
3.2%
BLIN
Higher net margin
BLIN
BLIN
56.3% more per $
BLIN
-2.2%
-58.5%
IVP
More free cash flow
BLIN
BLIN
$1.3M more FCF
BLIN
$-46.0K
$-1.3M
IVP
Faster 2-yr revenue CAGR
IVP
IVP
Annualised
IVP
2.4%
1.4%
BLIN

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
BLIN
BLIN
IVP
IVP
Revenue
$3.9M
$4.3M
Net Profit
$-86.0K
$-2.5M
Gross Margin
66.1%
Operating Margin
-4.4%
-45.6%
Net Margin
-2.2%
-58.5%
Revenue YoY
3.2%
6.6%
Net Profit YoY
86.4%
27.6%
EPS (diluted)
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BLIN
BLIN
IVP
IVP
Q4 25
$3.9M
Q3 25
$3.9M
$4.3M
Q2 25
$3.8M
$4.3M
Q1 25
$3.9M
$3.6M
Q4 24
$3.8M
$3.3M
Q3 24
$3.9M
$4.0M
Q2 24
$3.9M
$4.4M
Q1 24
$3.8M
$4.8M
Net Profit
BLIN
BLIN
IVP
IVP
Q4 25
$-86.0K
Q3 25
$-365.0K
$-2.5M
Q2 25
$-789.0K
$-3.0M
Q1 25
$-730.0K
$-2.4M
Q4 24
$-634.0K
$-4.0M
Q3 24
$-432.0K
$-3.5M
Q2 24
$-305.0K
$-3.4M
Q1 24
$-602.0K
$-3.4M
Gross Margin
BLIN
BLIN
IVP
IVP
Q4 25
66.1%
Q3 25
65.7%
Q2 25
66.3%
Q1 25
67.5%
Q4 24
66.9%
Q3 24
68.7%
Q2 24
68.8%
Q1 24
66.4%
Operating Margin
BLIN
BLIN
IVP
IVP
Q4 25
-4.4%
Q3 25
-12.5%
-45.6%
Q2 25
-17.9%
-61.1%
Q1 25
-19.2%
-55.2%
Q4 24
-13.5%
-46.2%
Q3 24
-12.5%
-55.2%
Q2 24
-9.7%
-54.5%
Q1 24
-13.6%
-59.2%
Net Margin
BLIN
BLIN
IVP
IVP
Q4 25
-2.2%
Q3 25
-9.4%
-58.5%
Q2 25
-20.5%
-70.8%
Q1 25
-18.8%
-66.4%
Q4 24
-16.7%
-119.4%
Q3 24
-11.2%
-86.2%
Q2 24
-7.7%
-77.1%
Q1 24
-15.8%
-70.8%
EPS (diluted)
BLIN
BLIN
IVP
IVP
Q4 25
$-0.01
Q3 25
$-0.02
Q2 25
$-0.07
Q1 25
$-0.10
Q4 24
$-0.06
Q3 24
$-0.04
Q2 24
$-0.03
Q1 24
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLIN
BLIN
IVP
IVP
Cash + ST InvestmentsLiquidity on hand
$1.5M
Total DebtLower is stronger
$236.0K
$11.8M
Stockholders' EquityBook value
$9.6M
$4.2M
Total Assets
$15.7M
$24.0M
Debt / EquityLower = less leverage
0.02×
2.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLIN
BLIN
IVP
IVP
Q4 25
$1.5M
Q3 25
$1.6M
Q2 25
$2.1M
Q1 25
$2.8M
Q4 24
$1.5M
$523.7K
Q3 24
$1.4M
$681.2K
Q2 24
$1.2M
$7.7K
Q1 24
$1.3M
$69.1K
Total Debt
BLIN
BLIN
IVP
IVP
Q4 25
$236.0K
Q3 25
$326.0K
$11.8M
Q2 25
$348.0K
$12.0M
Q1 25
$406.0K
$11.5M
Q4 24
$409.0K
$12.0M
Q3 24
$500.0K
$12.4M
Q2 24
$524.0K
$14.6M
Q1 24
$612.0K
Stockholders' Equity
BLIN
BLIN
IVP
IVP
Q4 25
$9.6M
Q3 25
$9.6M
$4.2M
Q2 25
$9.9M
$446.3K
Q1 25
$10.6M
$3.0M
Q4 24
$9.6M
$1.6M
Q3 24
$10.0M
$3.0M
Q2 24
$10.3M
$-3.1M
Q1 24
$10.5M
$269.9K
Total Assets
BLIN
BLIN
IVP
IVP
Q4 25
$15.7M
Q3 25
$15.3M
$24.0M
Q2 25
$16.1M
$20.8M
Q1 25
$17.0M
$20.7M
Q4 24
$15.5M
$20.2M
Q3 24
$15.6M
$22.4M
Q2 24
$16.0M
$21.9M
Q1 24
$16.3M
$23.4M
Debt / Equity
BLIN
BLIN
IVP
IVP
Q4 25
0.02×
Q3 25
0.03×
2.82×
Q2 25
0.03×
26.96×
Q1 25
0.04×
3.84×
Q4 24
0.04×
7.67×
Q3 24
0.05×
4.10×
Q2 24
0.05×
Q1 24
0.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLIN
BLIN
IVP
IVP
Operating Cash FlowLast quarter
$-39.0K
$-1.3M
Free Cash FlowOCF − Capex
$-46.0K
$-1.3M
FCF MarginFCF / Revenue
-1.2%
-30.7%
Capex IntensityCapex / Revenue
0.2%
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLIN
BLIN
IVP
IVP
Q4 25
$-39.0K
Q3 25
$-345.0K
$-1.3M
Q2 25
$-565.0K
$-898.3K
Q1 25
$-372.0K
$-1.4M
Q4 24
$178.0K
$-677.5K
Q3 24
$217.0K
$-6.3M
Q2 24
$0
$149.7K
Q1 24
$-86.0K
$-3.2M
Free Cash Flow
BLIN
BLIN
IVP
IVP
Q4 25
$-46.0K
Q3 25
$-351.0K
$-1.3M
Q2 25
$-570.0K
$-910.9K
Q1 25
$-374.0K
$-1.4M
Q4 24
$173.0K
$-709.4K
Q3 24
$212.0K
$-6.3M
Q2 24
$126.0K
Q1 24
$-91.0K
$-3.3M
FCF Margin
BLIN
BLIN
IVP
IVP
Q4 25
-1.2%
Q3 25
-9.1%
-30.7%
Q2 25
-14.8%
-21.3%
Q1 25
-9.7%
-38.3%
Q4 24
4.6%
-21.4%
Q3 24
5.5%
-156.4%
Q2 24
2.9%
Q1 24
-2.4%
-68.8%
Capex Intensity
BLIN
BLIN
IVP
IVP
Q4 25
0.2%
Q3 25
0.2%
1.0%
Q2 25
0.1%
0.3%
Q1 25
0.1%
0.6%
Q4 24
0.1%
1.0%
Q3 24
0.1%
0.6%
Q2 24
0.5%
0.5%
Q1 24
0.1%
3.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLIN
BLIN

Subscription$3.2M81%
Other$758.0K19%

IVP
IVP

Services$3.1M73%
Products$1.2M27%

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