Filing Flows › Bimini Capital Management (BMNM) › Q4 2025
Bimini Capital Management (BMNM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Bimini Capital Management (BMNM) reported revenue of $6.4M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and +3% from the quarter before. Operating margin was 23.8%, net earnings $3.4M (53.0% of revenue).
Bimini Capital Management, Q4 2025: revenue $6.4M (+21% year over year), operating margin 23.8%, net earnings $3.4M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4M | +3% | +21% |
| Operating profit | $1.5M | -31% | +170% |
| Net earnings | $3.4M | +86% | — |
| Operating cash flow | $2.1M | -3% | -50% |
What changed
Revenue was $6.4M in Q4 2025, up 21% year over year and up 3% from the previous quarter.
Operating profit was $1.5M, a 23.8% margin (up 13.1 points year over year). Of the extra revenue versus a year earlier, 86% reached operating profit, above the 11% margin then. Total costs grew 3% against revenue growth of 21%. The fastest-growing cost line was SG&A (+38%). Net earnings were $3.4M. The tax line was a benefit of $1.9M on pre-tax earnings of $1.5M.
Operating cash flow was $2.1M (down 50% year over year), 61% of net earnings. Non-cash charges added back $26K of depreciation and amortization. Working capital and other items used $1.3M.
Questions
What was Bimini Capital Management's revenue in the fourth quarter 2025?
Bimini Capital Management (BMNM) reported revenue of $6.4M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and +3% from the quarter before.
Was Bimini Capital Management profitable in the fourth quarter 2025?
Operating profit was $1.5M (23.8% of revenue) and net earnings $3.4M.