Here are the 10-K annual reports from Bright Mountain Media Inc (BMTM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BMTM 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 BMTM filings page.
Bright Mountain Media, Inc. reported 2025 revenue of $59.2 million, up 4% from 2024, while net loss narrowed to $13.5 million from $17.0 million. Growth came mainly from advertising technology and creative services, offset by declines in media services, consumer insights, and digital publishing.
Gross margin slipped to 27% as cost of revenue grew faster than sales, but general and administrative expenses fell 23%, helping Adjusted EBITDA improve to $3.0 million. The company carries $86.1 million of Centre Lane debt and ended 2025 with a working capital deficit of $95.5 million, prompting a going concern warning and a search for refinancing, restructuring, or new capital.