Every 10-Q that BIMINI CAPITAL MGMT INC A (BMNM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BMNM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BMNM filings page.
Bimini Capital Management, Inc. reported stronger results for the six months ended June 30, 2026, while reshaping its balance sheet toward fee-based asset management. Total revenues rose to $13,723,444 from $11,126,791, driven mainly by higher REIT management fees from Orchid Island Capital and $1,728,157 of new investment advisory fees from the April 1 acquisition of Tom Johnson Investment Management, LLC (TJIM).
Net income attributable to stockholders increased to $1,175,111, up from $595,302, with basic and diluted earnings per Class A and B share of $0.12 versus $0.06. The investment portfolio was significantly reduced: mortgage-backed securities at fair value declined to $15,984,754 from $88,928,525, and repurchase agreement liabilities fell to $15,033,000 from $85,326,000, lowering interest expense on these borrowings. Total assets decreased to $64,366,154 from $129,693,972, while stockholders’ equity improved to $13,757,726.
Through TJIM, the company added $9,700,000 of identifiable intangibles and $4,838,864 of goodwill and now reports three segments: Bimini Advisors’ asset management, TJIM’s asset management, and the investment portfolio. Bimini Advisors generated about 74% of consolidated revenues for the six-month period, and TJIM contributed approximately 24% of second-quarter revenues. Results also reflect about $1.5 million of acquisition-related expenses and an approximate $1.1 million increase in the valuation allowance on deferred tax assets.
Bimini Capital Management reported consolidated net income of $0.8 million for the three months ended March 31, 2026, up from $0.6 million a year earlier, or $0.08 versus $0.06 basic and diluted EPS on Class A shares. Total revenues rose to $6.5 million from $5.5 million, driven mainly by advisory services revenue from Orchid Island Capital of $5.1 million, about 79% of consolidated revenues.
The firm significantly reduced its mortgage‑backed securities portfolio, with MBS at fair value falling to $16.1 million from $88.9 million, and repurchase agreement liabilities dropping to $15.2 million from $85.3 million. Total assets declined to $58.5 million from $129.7 million as leverage was scaled back.
On April 1, 2026, Bimini acquired 80% of Tom Johnson Investment Management for about $12.3 million, adding roughly $1.6 billion of assets under management and positioning the company to operate with three reportable segments focused on asset management and a smaller investment portfolio. The board also authorized a new $2.5 million Class A share repurchase plan, under which 6,001 shares were bought after quarter‑end at an average price of $2.73 per share.
Bimini Capital Management (BMNM) reported stronger Q3 2025 results. For the quarter ended September 30, total revenues were $6.2 million, driven by advisory services of $4.46 million and interest/dividend income of $1.74 million. Net income for the quarter was $1.82 million, compared with $0.26 million a year ago. For the nine‑month period, revenues totaled $17.3 million and net income was $2.42 million, up from $0.20 million in 2024.
On the balance sheet as of September 30, 2025, assets were $139.7 million, including mortgage‑backed securities at fair value of $104.4 million and cash and cash equivalents of $9.56 million. Liabilities were $130.5 million, primarily repurchase agreements of $100.0 million and long‑term debt of $27.35 million. Stockholders’ equity rose to $9.24 million from $6.82 million at December 31, 2024. The company owned 569,071 shares of Orchid Island Capital and recorded $0.61 million of dividends for the nine months. Class A shares outstanding were 10,005,457 as of November 6, 2025. Advisory revenues from managing Orchid accounted for about 68% of year‑to‑date consolidated revenues.