Filing Flows › Bimini Capital Management (BMNM) › Q3 2025
Bimini Capital Management (BMNM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Bimini Capital Management (BMNM) reported revenue of $6.2M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +11% from the quarter before. Operating margin was 35.4%, net earnings $1.8M (29.4% of revenue).
Bimini Capital Management, Q3 2025: revenue $6.2M (+24% year over year), operating margin 35.4%, net earnings $1.8M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2M | +11% | +24% |
| Operating profit | $2.2M | 45× | +173% |
| Net earnings | $1.8M | 43× | +611% |
| Operating cash flow | $2.1M | +19% | — |
What changed
Revenue was $6.2M in Q3 2025, up 24% year over year and up 11% from the previous quarter.
Operating profit was $2.2M, a 35.4% margin (up 19.3 points year over year). Of the extra revenue versus a year earlier, 115% reached operating profit, above the 16% margin then. Total costs fell 4% while revenue rose 24%. The fastest-growing cost line was SG&A (+13%). Net earnings were $1.8M, up 611% year over year. The effective tax rate was 16.9%.
Operating cash flow was $2.1M, 117% of net earnings. Non-cash charges added back $15K of depreciation and amortization. Working capital and other items added $297K.
Questions
What was Bimini Capital Management's revenue in the third quarter 2025?
Bimini Capital Management (BMNM) reported revenue of $6.2M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +11% from the quarter before.
Was Bimini Capital Management profitable in the third quarter 2025?
Operating profit was $2.2M (35.4% of revenue) and net earnings $1.8M.