Filing Flows › Bimini Capital Management (BMNM) › Q1 2026
Bimini Capital Management (BMNM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Bimini Capital Management (BMNM) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +2% from the quarter before. Operating margin was 15.7%, net earnings $801K (12.3% of revenue).
Bimini Capital Management, Q1 2026: revenue $6.5M (+18% year over year), operating margin 15.7%, net earnings $801K, operating cash flow $201K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | +2% | +17% |
| Operating profit | $1.0M | -33% | +39% |
| Net earnings | $801K | -76% | +45% |
| Operating cash flow | $201K | -90% | — |
What changed
Revenue was $6.5M in Q1 2026, up 17% year over year and up 2% from the previous quarter.
Operating profit was $1.0M, a 15.7% margin (up 2.4 points year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, above the 13% margin then. Total costs grew 14% against revenue growth of 17%. The fastest-growing cost line was SG&A (+27%). Net earnings were $801K, up 45% year over year. The effective tax rate was 21.3%.
Operating cash flow was $201K, 25% of net earnings. Non-cash charges added back $17K of depreciation and amortization. Working capital and other items used $617K.
Questions
What was Bimini Capital Management's revenue in the first quarter 2026?
Bimini Capital Management (BMNM) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +2% from the quarter before.
Was Bimini Capital Management profitable in the first quarter 2026?
Operating profit was $1.0M (15.7% of revenue) and net earnings $801K.