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Brightline Interactive, Inc./NV

BTLN · Technology · $10.8M mkt cap · FY2026 filings · · No moat ·

Price verdict withheld — value if growth stopped today unreliable

No moat
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The five investor questions

15

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $7.3M to $322979, decreasing; diluted EPS -3.57 to -6.33, decreasing.

81

Median gross margin 61.0% over 7y, variable.

0

Median ROIC -46.9%, above the 12% hurdle in 0% of years.

78

Net cash position — no leverage risk.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$4.00
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. BTLN revenue fell in each of the three most recent year-over-year FY comparisons, so this estimate is flagged as unreliable for this company.

Among the current top-score group, the median current price is 249% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 21, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

8 years of fundamentals

The business, in plain English

Brightline Interactive, Inc./NV booked $322979 of revenue in FY2026 in the Technology sector and kept 57.4% of it as gross profit — a high-margin business by that measure. After every other cost, −5150.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $1.9M (FY2020) to $322979 (FY2026) — about −25.9% a year compounded over 6 years.

ROIC is not available for the latest filed year, FY2026. Across the full 4-year measurable filed record, median ROIC was −46.9%. Over the v3 recent window (4 measurable filed years), median ROIC was −46.9%. The Returns on Capital filter above scores it 0/100.

BTLN's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Pricing Power is the strongest of the five filters (81/100) and Returns on Capital the weakest (0/100), which is how BTLN lands at 39/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2019–FY2026 · 8 fiscal years, normalized from BTLN’s SEC filings

Sales, as filed$322979 FY2026
$0$5M$10M201920222026
Revenue kept after cost of goods57.4% FY2026
0%50%201920222026
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out−$16.6M FY2026
−$20M$0201920222026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How Brightline Interactive, Inc./NV makes its money

Brightline Interactive, Inc./NV's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$322979100%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Cost of revenue$13760943%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
$18537057%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Income before tax−$15.4M−4776%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
−$16.6M−5150%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Oct 21, 2026 · annual-row source set

Flagship explainer

What Brightline Interactive, Inc./NV owns — and owes

Brightline Interactive, Inc./NV's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$3.7M100%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Cash and equivalents$3.1M85%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Stockholders’ equity$2.9M79%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Oct 21, 2026 · annual-row source set

Flagship explainer

What drives Brightline Interactive, Inc./NV’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income−$16.6MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Income before tax−$15.4MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Operating incomeUnavailableFY2026
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Revenue$322979FY2026
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Ending assets$3.7MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Beginning assets$19.3MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-25-016073 · filed Sep 29, 2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Ending equity$2.9MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Beginning equity$16.9MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-25-016073 · filed Sep 29, 2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Source: · event Jun 30, 2026 · retrieved Oct 21, 2026 · annual-row source set

Flagship explainer

Where Brightline Interactive, Inc./NV's cash went

Brightline Interactive, Inc./NV’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations−$4.3M−100%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Depreciation and amortization$528101%
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001493152-26-044574 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Oct 21, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Brightline Interactive, Inc./NV

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 21, 2026

Flagship explainer

What Brightline Interactive, Inc./NV insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

17 logged readings since Sep 4, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale39.4 / 100
0406080100WideNarrowShallowNo moatSep 4, 2026Oct 21, 2026

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Shallow moatNo moatSep 29, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for BTLN.

Technology context

#477 of 752 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #475BSQKZ Block, Inc.39.5No moat
  2. #476GETY GETTY IMAGES HOLDINGS, INC.39.5No moat
  3. #478ALGM ALLEGRO MICROSYSTEMS, INC.39.3No moat
  4. #479QMCO QUANTUM CORP /DE/39.2No moat

Compare BTLN with its nearest peers →All Technology companies on the Index →

Common questions about BTLN

Does Brightline Interactive, Inc./NV have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Brightline Interactive, Inc./NV (BTLN) 39.4 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 15, pricing power 81, returns on capital 0, balance-sheet safety 78, capital allocation 24.
How has BTLN's Moat Score changed over time?
The record logs 17 readings since Sep 4, 2026; the latest reads 39.4 out of 100 (no moat). Tier changes so far: Shallow moat → No moat on Sep 29, 2026. The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell BTLN. See the disclaimer.