Welcome to our dedicated page for Bright Mountain SEC filings (Ticker: BMTM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bright Mountain Media, Inc. filings document material events for a public marketing services and media holding company whose subsidiaries include CL Media Holdings LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC. Recent disclosures cover furnished operating results, non-GAAP reconciliations, and the company’s reporting of quarterly and annual financial performance.
The filing record also includes 8-K and amended 8-K disclosures on amendments to its senior secured credit agreement, direct financial obligations, share issuances connected to lender arrangements, OTC market-tier status for BMTM common stock, and executive officer departure, appointment, and compensation arrangements.
Bright Mountain Media, Inc. Chief Financial Officer Olgun Ari Roy received a grant of stock options covering 1,000,000 shares of Common Stock. The options carry an exercise price of $0.004 per share and expire on May 6, 2036.
The award is a compensation-related grant, not an open-market trade. According to the terms, the options will vest in four equal annual installments on May 6 of 2027, 2028, 2029, and 2030, if the vesting conditions are met.
Bright Mountain Media, Inc. had its Chief Financial Officer, Olgun Ari Roy, file an initial ownership report on Form 3. This filing establishes his status as an officer and provides a starting point for tracking any future insider transactions in the company’s stock. The report itself does not show any stock purchases, sales, or option exercises.
Bright Mountain Media Schedule 13G/A amendment reports that 10th Lane Partners and Centre Lane Partners Master Credit Fund II, L.P. together exercise voting and dispositive power over significant stakes in the company. 10th Lane is named as investment advisor with 47,257,261 shares under sole voting and dispositive power. Centre Lane directly holds 20,853,277 shares. The filing cites 183,955,495 shares outstanding as of May 7, 2026 as the basis for percentage calculations, reporting 25.7% and 11.3% ownership stakes respectively. The cover notes BV Agency, LLC directly holds 26,403,984 shares, with 10th Lane serving as advisor for BV and Centre Lane.
Bright Mountain Media reported first quarter 2026 results showing improved profitability despite slightly lower sales. Revenue was about $14.0 million, down 2% from $14.2 million a year earlier, while gross margin held roughly flat at $4.3 million.
Cost controls sharply reduced general and administrative expense to $2.6 million from $4.5 million, helping narrow the net loss to $1.3 million from $3.2 million, a 60% improvement. Adjusted EBITDA rose to $2.4 million from $0.8 million, reflecting stronger operating performance. The balance sheet remains highly leveraged, with a large related-party credit facility and a significant stockholders’ deficit.
Bright Mountain Media, Inc. reported first-quarter 2026 revenue of $13.96 million, slightly below the $14.19 million a year earlier. Cost of revenue fell modestly, keeping gross margin roughly flat at $4.31 million.
Operating performance improved, shifting from a $0.25 million operating loss in the prior-year quarter to $1.74 million income from operations, helped by lower general and administrative expenses. However, high interest expense on the Centre Lane senior secured credit facility of $3.10 million drove a net loss of $1.30 million, narrower than the prior-year $3.23 million loss.
Liquidity remains strained. At March 31, 2026, the company held $594,000 in cash and $1.86 million in restricted cash, with a working capital deficit of about $96.2 million and $88.16 million outstanding on the Centre Lane facility, largely current. Management discloses “substantial doubt” about the ability to continue as a going concern and is exploring debt restructuring, additional borrowings and equity financing. During the quarter, a Ladenburg dispute was settled for $950,000, producing an approximate $1.1 million net gain.
Bright Mountain Media, Inc. reported a leadership change in its finance organization. Effective April 30, 2026, Chief Financial Officer Ethan Rudin departed and will receive severance equal to six months of his base salary under his employment agreement.
Chief Executive Officer Matt Drinkwater will serve as interim principal financial officer and interim principal accounting officer until the company files its next Form 10-Q. The company appointed Mr. Olgun as its new Chief Financial Officer under a May 1, 2026 employment agreement, with a $335,000 annual base salary and an annual bonus opportunity of up to 50% of base salary.
Mr. Olgun received options to purchase 1,000,000 shares of common stock at an exercise price of $0.004 per share, vesting over four years starting May 6, 2027, and is entitled to six months of base salary as severance if terminated without cause. His agreement includes customary non-competition, non-solicitation, and non-disclosure covenants.
Bright Mountain Media, Inc. reports that its common stock has been moved to the OTCID market tier of the OTC Markets Group under the symbol “BMTM”. The change followed a notice that the Company’s bid price stayed below $0.01 for more than 30 consecutive days and it did not regain the required minimum closing bid of $0.01 by April 9, 2026. Trading on the OTCID tier began on April 10, 2026.
Bright Mountain Media, Inc. filed an amendment describing the Twenty-Fifth Amendment to its Amended and Restated Senior Secured Credit Agreement effective as of March 31, 2026. The amendment defers a quarterly principal payment on the Second Out Loans of approximately $1.2 million that was due March 31, 2026 until December 20, 2026, and changes interest of about $201,000 for the same period to be paid in kind instead of cash. As consideration, the company agreed to issue 2,922,566 shares of common stock, equal to 1.5% of fully-diluted pro forma ownership as of March 31, 2026, to Centre Lane Partners, which will hold about 27.3% of the common stock after the issuance. The company states that approximately $1.6 million will be due under the credit agreement as of June 30, 2026, and about $92.1 million will be due as of the maturity date on December 20, 2026.
Bright Mountain Media, Inc. amended its senior secured credit agreement through a Twenty-Fifth Amendment effective March 31, 2026. The company deferred a quarterly principal installment on its Second Out Loans of approximately $1.2 million that was due March 31, 2026, pushing it to December 20, 2026. Interest of about $201,000 on the Second Out Loans for the period ended March 31, 2026 was changed to payable-in-kind instead of cash. As consideration, the company will issue 2,922,566 shares of common stock, equal to 1.5% of fully-diluted pro forma ownership, to Centre Lane Partners, which will bring Centre Lane and its affiliates to 27.3% beneficial ownership. Under the amended schedule, approximately $1.6 million is due under the credit agreement as of June 30, 2026, and about $92.1 million will be due on December 20, 2026, the maturity date.
Bright Mountain Media, Inc. reported that OTC Markets Group notified it that the Company no longer meets OTCQB continued listing standards because its common stock bid price stayed below $0.01 for more than 30 consecutive calendar days. The Company was granted a 90-day cure period, later extended to April 9, 2026, during which the bid price must close at or above $0.01 for ten consecutive trading days.
Management evaluated options such as a reverse stock split but decided not to pursue actions to regain compliance, citing costs, administrative burden, and low trading volume. As the Company has not regained compliance, management expects the common stock to begin trading on the OTCID market tier on April 10, 2026 under the same symbol, “BMTM,” if the bid price requirement is still not met.