BIMINI CAPITAL MANAGEMENT, INC.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
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Consolidated Statements of Operations
BIMINI CAPITAL MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended December 31,
| 2025 | 2024 | |
|---|---|---|
| Revenues: | ||
| Advisory services | $16,575,415 | $12,784,468 |
| Interest income | 6,308,786 | 5,838,764 |
| Dividend income from Orchid Island Capital, Inc. common stock | 819,462 | 819,462 |
| Total revenues | 23,703,663 | 19,442,694 |
| Interest expense: | ||
| Repurchase agreements | (4,676,616) | (5,139,959) |
| Long-term debt | (2,135,703) | (2,401,308) |
| Net revenues | 16,891,344 | 11,901,427 |
| Other income (expense): | ||
| Unrealized gains (losses) on mortgage-backed securities | 2,687,955 | (308,521) |
| Realized losses on mortgage-backed securities | (219,054) | (561,604) |
| Unrealized losses on Orchid Island Capital, Inc. common stock | (330,061) | (369,897) |
| (Losses) gains on derivative instruments | (1,933,750) | 2,407,022 |
| Other income | - | 19 |
| Other income, net | 205,090 | 1,167,019 |
| Expenses: | ||
| Compensation and related benefits | 8,309,939 | 7,287,261 |
| Direct advisory service costs | 1,694,555 | 1,667,200 |
| Directors' fees and liability insurance | 871,667 | 841,215 |
| Audit, legal and other professional fees | 1,124,067 | 653,610 |
| Administrative and other expenses | 603,511 | 808,767 |
| Total expenses | 12,603,739 | 11,258,053 |
| Net income before income tax (benefit) provision | 4,492,695 | 1,810,393 |
| Income tax (benefit) provision | (1,308,695) | 3,116,727 |
| Net income (loss) | $5,801,390 | $(1,306,334) |
| Basic and Diluted Net Income (Loss) Per Share of: | ||
| CLASS A COMMON STOCK | ||
| Basic and Diluted | $0.58 | $(0.13) |
| CLASS B COMMON STOCK | ||
| Basic and Diluted | $0.58 | $(0.13) |
| Weighted Average Shares Outstanding: | ||
| CLASS A COMMON STOCK | ||
| Basic and Diluted | 10,005,457 | 10,005,457 |
| CLASS B COMMON STOCK | ||
| Basic and Diluted | 31,938 | 31,938 |
See Notes to Consolidated Financial Statements
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