Filing Flows › Bimini Capital Management (BMNM) › Q1 2025
Bimini Capital Management (BMNM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Bimini Capital Management (BMNM) reported revenue of $5.5M for the first quarter 2025 (Q1 2025), +22% from a year earlier and +5% from the quarter before. Operating margin was 13.3%, net earnings $553K (10.0% of revenue).
Bimini Capital Management, Q1 2025: revenue $5.5M (+22% year over year), operating margin 13.3%, net earnings $553K, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | +5% | +22% |
| Operating profit | $733K | +30% | +20% |
| Net earnings | $553K | — | +159% |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $5.5M in Q1 2025, up 22% year over year and up 5% from the previous quarter.
Operating profit was $733K, a 13.3% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 13% margin then. Total costs grew 22% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+111%). Net earnings were $553K, up 159% year over year. The effective tax rate was 24.7%.
Operating cash flow was −$3.1M. Non-cash charges added back $18K of depreciation and amortization. Working capital and other items used $3.7M.
Questions
What was Bimini Capital Management's revenue in the first quarter 2025?
Bimini Capital Management (BMNM) reported revenue of $5.5M for the first quarter 2025 (Q1 2025), +22% from a year earlier and +5% from the quarter before.
Was Bimini Capital Management profitable in the first quarter 2025?
Operating profit was $733K (13.3% of revenue) and net earnings $553K.