Filing Flows › Bimini Capital Management (BMNM) › Q3 2026
Bimini Capital Management (BMNM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Bimini Capital Management (BMNM) reported revenue of $7.1M for the third quarter 2026 (Q3 2026), +14% from a year earlier and -2% from the quarter before. Operating margin was 18.1%, net earnings $1.0M (14.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | -2% | +14% |
| Operating profit | $1.3M | -29% | -42% |
| Net earnings | $1.0M | +173% | -44% |
| Operating cash flow | $3.2M | +25% | +51% |
What changed
Revenue was $7.1M in Q3 2026, up 14% year over year and down 2% from the previous quarter. REIT Management Fees was the largest line at 70% of revenue. REIT Management Fees added $493K year over year (up 11%), 57% of the total change.
Operating profit was $1.3M, a 18.1% margin (down 17.3 points year over year). Operating profit fell $919K even though revenue rose $865K versus Q3 2025, so costs grew faster than sales. Total costs grew 45% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+80%). Net earnings were $1.0M, down 44% year over year. The effective tax rate was 11.0%.
Operating cash flow was $3.2M (up 51% year over year), 285% of net income including minority interests. Non-cash charges added back $187K of depreciation and amortization. Working capital and other items added $1.9M.
Questions
What was Bimini Capital Management's revenue in the third quarter 2026?
Bimini Capital Management (BMNM) reported revenue of $7.1M for the third quarter 2026 (Q3 2026), +14% from a year earlier and -2% from the quarter before.
Was Bimini Capital Management profitable in the third quarter 2026?
Operating profit was $1.3M (18.1% of revenue) and net earnings $1.0M.