BIMINI CAPITAL MANAGEMENT, INC.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
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Condensed Consolidated Statements of Cash Flows (unaudited)
BIMINI CAPITAL MANAGEMENT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Nine Months Ended September 30, 2026 and 2025
| 2026 · 2025 | |||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $2,434,001 | $2,418,045 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 399,178 | 50,649 | |
| Deferred income tax provision | 1,599,190 | 557,969 | |
| Unrealized losses (gains) on mortgage-backed securities and U.S. Treasury securities | 1,033,585 | (2,229,740) | |
| Realized losses on mortgage-backed securities | 372,053 | 178,140 | |
| Losses (gains) on TBA securities | 54,984 | - | |
| Unrealized losses on Orchid Island Capital, Inc. common stock | 1,007,256 | 438,184 | |
| Changes in operating assets and liabilities: | |||
| Due from affiliates | (2,990) | (330,389) | |
| Other assets | 92,061 | 4,988 | |
| Other liabilities | (960,698) | (278,778) | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 6,028,620 | 809,068 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Sales of mortgage-backed securities | 68,590,546 | 9,786,053 | |
| Principal repayments on mortgage-backed securities | 4,436,252 | 10,206,087 | |
| Purchases of U.S. Treasury securities | (1,564,827) | - | |
| Net payments on derivative instruments | (54,984) | - | |
| Acquisition of Tom Johnson Investment Management, LLC (net of $590,026 cash acquired) | (11,409,974) | - | |
| NET CASH PROVIDED BY INVESTING ACTIVITIES | 59,997,013 | 19,992,140 | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from repurchase agreements | 1,071,288,523 | 643,715,478 | |
| Principal repayments on repurchase agreements | (1,142,642,523) | (660,943,477) | |
| Principal repayments on long-term debt | (17,273) | (16,031) | |
| Class A common shares repurchased and retired | (250,342) | - | |
| NET CASH USED IN FINANCING ACTIVITIES | (71,621,615) | (17,244,030) | |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (5,595,982) | 3,557,178 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period | 14,318,059 | 7,422,746 | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period | $8,722,077 | $10,979,924 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest expense | $2,683,994 | $5,357,697 | |
| Income taxes | 33,910 | - | |
| Noncash investing and financing activities: | |||
| Deferred acquisition consideration incurred - TJIM acquisition | $316,114 | $ | - |
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