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Bimini Capital Management
(OTC:BMNM)
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Rating:62Neutral
Price Target:
$3.50
▲(47.06% Upside)
Action:Reiterated
Date:08/26/26
BMNM’s score is held back primarily by balance-sheet risk from extremely high reported TTM leverage despite improved profitability and solid TTM cash generation. Technicals are supportive with strong price trend and positive momentum, while valuation appears attractive on a low P/E. The earnings call adds a balanced overlay: strategic upside from TJIM-driven revenue growth and continued profitability guidance, but meaningful transition costs, reduced investment portfolio size, and NOL/tax and funding-cost risks.
Positive Factors
Advisory revenue growth and TJIM scale
The TJIM acquisition materially expands advisory scale and lifted recurring service revenue. A larger, diversified AUM base can make earnings less dependent on mortgage-market activity and support more durable growth.
Negative Factors
Extreme balance-sheet leverage
Extremely high leverage leaves the company highly sensitive to funding costs, liquidity disruptions, and asset-value changes. This can constrain strategic flexibility and amplify losses during adverse mortgage or interest-rate conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Advisory revenue growth and TJIM scale
The TJIM acquisition materially expands advisory scale and lifted recurring service revenue. A larger, diversified AUM base can make earnings less dependent on mortgage-market activity and support more durable growth.
Read all positive factors
Bimini Capital Management (BMNM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$35.35M
Dividend YieldN/A
Average Volume (3M)4.68K
Price to Earnings (P/E)5.5
Beta (1Y)0.63
Revenue Growth22.09%
EPS GrowthN/A
CountryUS
Employees10
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.64
Shares Outstanding9,988,272
10 Day Avg. Volume9,938
30 Day Avg. Volume4,679
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.35
Price to Sales (P/S)1.26
P/FCF Ratio10.27
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bimini Capital Management Business Overview & Revenue Model
Company Description
Bimini Capital Management, Inc. operates as an asset management company within the United States, conducting its business through various subsidiaries. Its operations are divided into two primary segments: Asset Management and Investment Portfolio...
How the Company Makes Money
null...
Bimini Capital Management Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced, transitional narrative: strong strategic positives (transformational TJIM acquisition, meaningful advisory revenue growth, Orchid's solid quarterly performance, profitable and cash-flow-positive operations, and no new acquisition debt) contrasted with significant transitional and one-time headwinds (a materially reduced investment portfolio after funding the acquisition, a substantial noncash tax accrual and transaction costs, impending NOL expirations that will change the tax profile, and macro/geopolitical volatility). Management framed the period as an important strategic step with near-term noise but longer-term upside potential, resulting in a neutral overall tone.Positive Updates
Orchid Island Strong Quarterly Performance
Orchid Island Capital reported an economic return of 6.2% for Q2 2026, grew share count by ~1.5%, increased average equity base by ~5.7% over Q1 2026, which contributed to a 3.4% increase in management fee revenue.
Negative Updates
Material Reduction in Investment Portfolio Market Value
Market value of the investment portfolio declined to $37.9 million as of June 30, 2026 from $120.8 million as of June 30, 2025 — a decline of approximately 68.6% (portfolio is now roughly 31.4% of prior-year size). This reflects dispositions used to fund the TJIM acquisition and a materially smaller retained portfolio.
Read all updates
Q2-2026 Updates
Positive
Negative
Orchid Island Strong Quarterly Performance
Orchid Island Capital reported an economic return of 6.2% for Q2 2026, grew share count by ~1.5%, increased average equity base by ~5.7% over Q1 2026, which contributed to a 3.4% increase in management fee revenue.
Read all positive updates
Company Guidance
Bimini guided that it expects to remain profitable and cash‑flow positive going forward, may begin using available cash to pay down trust‑preferred debt (maturing 2035) if funding costs rise, and will prioritize using near‑term NOLs (all but approximately $5.5M of the former mortgage‑company NOLs are expected to be used or expire by end‑2028, falling to about $1M by end‑2029, with small additional NOLs expiring in 2036). Key Q2‑2026 metrics cited: Orchid Island delivered a 6.2% economic return, grew share count ~1.5% and average equity base ~5.7% QoQ (contributing to a 3.4% increase in management fee revenue); consolidated advisory revenues (including the April 1, 2026 TJIM acquisition) were about $6.8M in Q2 versus $3.8M in Q2‑2025 and $5.1M in Q1‑2026; the investment portfolio had a market value of $37.9M at 6/30/2026 (vs $120.8M at 6/30/2025); TJIM brings roughly $1.7B AUM with ~15% equities/30% balanced/55% fixed income; the company recorded a ~$1.1M six‑month non‑cash tax accrual and has incurred roughly $1.5M of transaction costs YTD plus several hundred thousand dollars of mark‑to‑market.Bimini Capital Management Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
18
Very Negative
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.89M | 23.48M | 13.07M | 17.91M | 15.36M | 14.27M |
| Gross Profit | 23.61M | 21.64M | 13.07M | 10.64M | 15.21M | 14.14M |
| EBITDA | 11.86M | 11.38M | 9.43M | 5.64M | -5.76M | 1.09M |
| Net Income | 6.38M | 5.80M | -1.31M | -3.98M | -19.82M | 275.41K |
Balance Sheet | ||||||
| Total Assets | 64.37M | 129.69M | 154.85M | 125.60M | 86.32M | 122.08M |
| Cash, Cash Equivalents and Short-Term Investments | 6.62B | 14.32B | 5.67M | 3.72M | 6.01M | 8.42M |
| Total Debt | 27.34B | 112.67M | 144.55M | 114.30M | 71.23M | 86.32M |
| Total Liabilities | 47.40M | 117.07M | 148.03M | 117.47M | 74.19M | 89.08M |
| Stockholders Equity | 16.96M | 12.62M | 6.82M | 8.13M | 12.12M | 33.00M |
Cash Flow | ||||||
| Free Cash Flow | 7.00M | 2.88M | 3.19M | 1.70M | 5.43M | 5.53M |
| Operating Cash Flow | 7.00M | 2.88M | 3.19M | 1.70M | 5.48M | 5.53M |
| Investing Cash Flow | 79.80M | 35.89M | -30.49M | -47.06M | 7.62M | 1.35M |
| Financing Cash Flow | -86.77M | -31.88M | 30.25M | 43.05M | -16.14M | -7.98M |
Bimini Capital Management Technical Analysis
Positive
2.38
Price Trends
2.59
Positive
2.65
Positive
2.66
Positive
Market Momentum
0.26
Negative
75.62
Negative
80.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMNM, the sentiment is Positive. The current price of 2.38 is below the 20-day moving average (MA) of 2.93, below the 50-day MA of 2.59, and below the 200-day MA of 2.66, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 75.62 is Negative, neither overbought nor oversold. The STOCH value of 80.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BMNM.
Bimini Capital Management Risk Analysis
Bimini Capital Management disclosed 56 risk factors in its most recent earnings report. Bimini Capital Management reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bimini Capital Management Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $46.27M | 9.64 | 11.02% | 11.34% | -12.38% | -13.43% | |
62 Neutral | $35.35M | 5.50 | 108.44% | ― | 22.09% | ― | |
50 Neutral | $108.26M | 16.57 | 7.07% | 17.70% | -13.80% | ― | |
46 Neutral | $42.78M | -3.35 | -4.70% | 20.00% | 69.76% | 71.12% | |
45 Neutral | $51.09M | -0.52 | -15.12% | 15.04% | -25.30% | 5.00% | |
42 Neutral | $36.50M | -2.06 | -6.31% | 20.03% | -22.88% | -293.94% |
* Financial Sector Average
BMNM
Bimini Capital Management
3.53
2.26
177.95%
LOAN
Manhattan Bridge Capital
4.03
-0.78
-16.29%
LFT
Lument Finance Trust
0.73
-1.20
-62.04%
CHMI
Cherry Hill Mortgage
2.93
0.49
19.89%
SACH
Sachem Capital
0.88
-0.21
-19.63%
GPMT
Granite Point Mortgage
1.05
-1.51
-59.00%
Bimini Capital Management Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Bimini Capital Shareholders Endorse Director, Rights Plan, Governance
Positive
Jun 9, 2026
At its annual meeting on June 9, 2026, Bimini Capital Management stockholders elected Robert E. Cauley as a Class II director to serve until the 2029 annual meeting, based on a vote that showed a clear majority in favor of his continued board serv...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.