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Financial statements

BIMINI CAPITAL MANAGEMENT, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BIMINI CAPITAL MANAGEMENT, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue12.11617.816.212.31416.217.919.423.7
Selling, general and administrative5.746.46.446.446.678.299.8410.511.312.6
Operating expenses5.746.46.446.446.678.299.8410.511.312.6
Interest expense0.753.035.526.182.231.112.135.427.546.81
Interest income4.246.058.367.873.762.241.863.315.846.31
Other non-operating income0.06-3.67-11.4-0.6-10.3-4.74-12.1-1.871.170.21
Pre-tax income4.532.9-5.653.02-6.86-0.09-7.970.151.814.49
Income tax1.1419.421.1-10.3-1.37-0.3711.94.133.12-1.31
Net income3.39-16.5-26.813.3-5.490.28-19.8-3.98-1.315.8

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents4.436.14.958.077.568.426.013.725.6712.7
Property, plant and equipment3.413.363.32.162.092.0221.921.851.77
Goodwill0
Intangible assets0
Total assets22328525927912912286.3126155130
Total liabilities15122923024094.289.174.2117148117
Total debt27.427.427.427.427.3
Paid-in capital335335335333333331330330330330
Retained earnings-263-279-306-293-298-298-318-322-323-317
Shareholders' equity72.155.7294034.53312.18.136.8212.6
Total equity72.155.7294034.53312.18.136.8212.6
Total liabilities and equity22328525927912912286.3126155130

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income3.39-16.5-26.813.3-5.490.28-19.8-3.98-1.315.8
Depreciation and amortization0.090.080.080.070.070.070.070.080.080.08
Deferred income tax119.321.3-10.1-1.38-0.3711.94.133.12-1.31
Cash from operations3.696.336.3701.35.535.481.73.192.88
Capital expenditures0-0.050
Purchases of investments0-4.070-0.540
Cash from investing-49.3-81.6-9.13-1.821421.357.62-47.1-30.535.9
Debt issued00.680.150
Debt repaid0-0-0.02-0.02-0.02-0.02-0.03-0.02
Stock issued00.20
Share buybacks0-0.17-2.280-1.76-1.05-0.0100
Cash from financing44.678.40.257.96-145-7.98-16.143.130.2-31.9
Net change in cash-1.883.1-2.516.14-1.47-1.1-3.04-2.32.956.9
Free cash flow5.535.431.7
Interest paid1.832.85.196.212.761.161.995.357.336.99
Income taxes paid0.540.30.96-0.05-1.580000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.29 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin24.8%Pre-tax income / revenue.
Net margin24.3%Net income / revenue.
Operating cash flow margin26.6%Cash from operations / revenue.
Effective tax rate0.4%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)46.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)9.9%Net income / average total assets.
SG&A / revenue58.7%Selling, general and administrative expense / revenue.
D&A / revenue1.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y21.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y13.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y14.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-9.7%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y-19.3%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y17.3%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y85.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y1.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-18.2%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-16.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y14.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y0.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Debt / equity1.99xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets42.5%Total debt / total assets.
Liabilities / assets73.6%Total liabilities / total assets.
Net debt$20.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets22.3%(Goodwill + intangible assets) / total assets.
Tangible book value-$611.1KShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.41xRevenue / average total assets.
Fixed asset turnover15.1xRevenue / average property, plant and equipment.
What was BIMINI CAPITAL MANAGEMENT, INC.'s revenue in fiscal 2025?

BIMINI CAPITAL MANAGEMENT, INC. reported revenue of $23.7M for fiscal 2025, 21.9% higher than the year before.

Was BIMINI CAPITAL MANAGEMENT, INC. profitable in fiscal 2025?

Yes. Net income was $5.8M, a net margin of 24.5%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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