Filing Flows › Bimini Capital Management (BMNM) › Q3 2026 › vs Q3 2025
Bimini Capital Management (BMNM) Q3 2026 vs Q3 2025 (year over year)
Bimini Capital Management's revenue rose $865K (+14%) from $6.2M in Q3 2025 to $7.1M in Q3 2026. The biggest changes: Investment Advisory Fees +$1.7M (—); Other revenues −$1.3M (-76%); REIT Management Fees +$493K (+11%). Operating margin 18.1% against 35.4% (-17.3 pts).
Bimini Capital Management, Q3 2026: revenue $7.1M (+14% year over year), operating margin 18.1%, net earnings $1.0M, operating cash flow $3.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.1% | 35.4% | -17.3 pts |
| Net margin | 14.5% | 29.4% | -15.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| REIT Management Fees | $5.0M | $4.5M | $493K | +11% |
| Investment Advisory Fees | $1.7M | $0 | $1.7M | — |
| Other revenues | $411K | $1.7M | −$1.3M | -76% |
| Revenue | $7.1M | $6.2M | $865K | +14% |
| Operating profit | $1.3M | $2.2M | −$919K | -42% |
| Costs & expenses | $5.8M | $4.0M | $1.8M | +45% |
| Pre-tax earnings | $1.3M | $2.2M | −$919K | -42% |
| SG&A | $3.9M | $3.0M | $961K | +32% |
| Other operating costs | $1.9M | $1.0M | $822K | +80% |
| Net earnings | $1.0M | $1.8M | −$802K | -44% |
| Minority interests | $114K | $0 | $114K | — |
| Income tax | $140K | $371K | −$230K | -62% |
| Depreciation & amortization | $187K | $15K | $172K | 12× |
| Working capital & other | $2.0M | $297K | $1.7M | +582% |
| Operating cash flow | $3.2M | $2.1M | $1.1M | +51% |
Questions
How much did Bimini Capital Management's revenue grow year over year in Q3 2026?
Bimini Capital Management's revenue rose $865K (+14%) from $6.2M in Q3 2025 to $7.1M in Q3 2026.
What drove Bimini Capital Management's revenue change in Q3 2026?
Investment Advisory Fees +$1.7M (—); Other revenues −$1.3M (-76%); REIT Management Fees +$493K (+11%).