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Bimini Capital Management cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$3.2M in Q3 2026 · $8.1M over twelve months

Operating cash flow$3.2M
Free cash flow+$3.2M
Cash / net income3.2×

Analysis

In Q3 2026, Bimini Capital Management generated $3.2M of operating cash flow. That is $1.1M more than in Q3 2025 ($2.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $8.1M; the largest uses were other financing ($86.2M), net borrowing (+) / repaid (−) ($23K); besides operations, cash came from other investing ($75.9M); the cash balance fell by $2.3M.

Operating cash flow was $3.2M against net income of $1.0M — 3.2× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$389K, prepaid and other assets −$333K, depreciation & amortization +$187K.

Free cash flow

Bimini Capital Management: free cash flow by quarterBimini Capital Management: free cash flow by quarter$4.1MQ4 2024−$3.1MQ1 2025$1.8MQ2 2025$2.1MQ3 2025$2.1MQ4 2025$201KQ1 2026$2.6MQ2 2026$3.2MQ3 2026
Operating cash flow less capital spending.
Bimini Capital Management: operating cash flow against capital spendingBimini Capital Management: operating cash flow against capital spendingOperating cash flowCapital spending$4.1M$0Q4 2024−$3.1M$0Q1 2025$1.8M$0Q2 2025$2.1M$0Q3 2025$2.1M$0Q4 2025$201K$0Q1 2026$2.6M$0Q2 2026$3.2M$0Q3 2026
Latest (Q3 2026): Operating cash flow $3.2M, Capital spending $0.

Capital allocation, year by year

Bimini Capital Management: where the cash came from (up) and went (down), by fiscal yearBimini Capital Management: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingBuybacksFY2021: Operating cash flow $5.5MFY2021: Net borrowing −$22KFY2021: Buybacks −$1.8M$5.5MFY2021FY2022: Operating cash flow $5.5MFY2022: Net borrowing −$23KFY2022: Capital spending −$46KFY2022: Buybacks −$1.1M$5.5MFY2022FY2023: Operating cash flow $1.7MFY2023: Net borrowing −$22KFY2023: Buybacks −$13K$1.7MFY2023FY2024: Operating cash flow $3.2MFY2024: Net borrowing −$26K$3.2MFY2024FY2025: Operating cash flow $2.9MFY2025: Net borrowing −$22K$2.9MFY2025
Over these 5 years operating cash flow totalled $18.8M; the largest uses were buybacks ($2.8M) and net borrowing ($114K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$8.4M
Debt$27.3M
Net debt$18.9M
Due within a year$23K

Bimini Capital Management funds itself: free cash flow was $8.1M over the last twelve months, and $8.4M of cash and investments stands against $27.3M of debt ($23K due within a year, 365.4× covered by cash).

Bimini Capital Management: debt maturities by year (FY2025)Bimini Capital Management: debt maturities by year (FY2025)$23KYear 1$25KYear 2$27KYear 3$29KYear 4$31KYear 5$27.2MAfter year 5
Principal due in each year as disclosed in the annual report, against $8.4M of cash and investments now.

Where the cash came from and went

Bimini Capital Management: sources (+) and uses (−) of cash, Q3 2026Bimini Capital Management: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$3.2MCash drawn (+) / kept (−)−$2.1MOther financing−$1.3MOther investing$148KNet borrowing (+) / repaid (−)−$6K
Bimini Capital Management: sources (+) and uses (−) of cash, TTM to Q3 2026Bimini Capital Management: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing−$86.2MOther investing$75.9MOperating cash flow$8.1MCash drawn (+) / kept (−)$2.3MNet borrowing (+) / repaid (−)−$23K

From profit to cash

Bimini Capital Management: net income to operating cash flow, Q3 2026Bimini Capital Management: net income to operating cash flow, Q3 2026Net income$1.0MDepreciation & amortization$187KDeferred taxes$74KPrepaid and other assets−$333KOther liabilities$389KOperating cash flow$3.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$3.2M−$6K−$2.1M$3.2M
Q2 2026$2.6M−$6K$10.0M$2.6M
Q1 2026$201K−$6K−$2.3M$201K
Q4 2025$2.1M−$6K−$3.3M$2.1M
Q3 2025$2.1M−$5K−$4.4M$2.1M
Q2 2025$1.8M−$5K−$1.1M$1.8M
Q1 2025−$3.1M−$5K$1.9M−$3.1M
Q4 2024$4.1M−$6K−$1.7M$4.1M

Bimini Capital Management: income statement and cash flow

Bimini Capital Management, Q3 2026: revenue $7.1M (+14% year over year), operating margin 18.1%. The chart follows the revenue to costs, profit and cash.

Bimini Capital Management: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.