# Bimini Capital Management, Inc. (BMNM)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/bimini-capital-management-inc/ JSON: https://steadybase.io/company/bimini-capital-management-inc.json Checked Nov 10, 2026. Latest filing read: Nov 6, 2026.

## Company

- Legal name: BIMINI CAPITAL MANAGEMENT, INC.
- Ticker: BMNM (OTC)
- SEC CIK: 0001275477
- Industry: Real Estate Investment Trusts (SIC 6798)
- Headquarters: Vero Beach, FL
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: biminicapital.com
- LinkedIn: https://www.linkedin.com/company/bimini-capital-management-inc-bmnm-
- Next earnings date: Mar 9, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $23.7M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/0001437749-26-008139-index.html
- Net income: $5.8M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/0001437749-26-008139-index.html
- SG&A: $12.6M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/0001437749-26-008139-index.html
- Employees: 10 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- Auditor: Bdo Usa, P.C, West Palm Beach, FL, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm

## Business

, a Maryland corporation (“Bimini Capital” and, collectively with its subsidiaries, the “Company,” “we”, “us” or “our”) is a specialty finance company that operates in two business segments: (i) investing in mortgage-backed securities (“MBS”) and Orchid Island Capital, Inc. (“Orchid”) common stock in our own portfolio, (ii) and serving as the external manager of Orchid which also invests in MBS.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm

## Annual results

| Fiscal year ended | Revenue | Net income | SG&A |
|---|---|---|---|
| Dec 31, 2025 | $23.7M | $5.8M | $12.6M |
| Dec 31, 2024 | $19.4M | -$1.3M | $11.3M |
| Dec 31, 2023 | $17.9M | -$4.0M | $10.5M |
| Dec 31, 2022 | $16.2M | -$19.8M | $9.8M |
| Dec 31, 2021 | $14.0M | $275,414 | $8.3M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/bimini-capital-management-inc.json

## Officers and directors

- Robert Cauley, Chief Executive Officer and Chairman of our Board of Directors. Source: 10-K filed Mar 13, 2026, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- Robert E. Cauley, Chairman and Chief Executive Officer. Source: 10-K filed Mar 13, 2026, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- G. Hunter Haas, IV, President, Chief Financial Officer, Chief Investment Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer). LinkedIn: https://linkedin.com/in/hunter-haas-701743a. Source: 10-K filed Mar 13, 2026, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- Hunter Haas, Chief Financial Officer, Chief Investment Officer, Treasurer and member of Bimini's Board of Directors. Source: 10-K filed Mar 13, 2026, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- Ashley Griffith, Director. Source: 10-K filed Mar 13, 2026, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- Robert J. Dwyer, independent director of the Company. Source: 10-K filed Mar 13, 2026, https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm

## Recent 8-K events

- Nov 5, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926035306/bcmi20260810_8k.htm
- Sep 14, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926030326/bcmi20260910_8k.htm
- Aug 6, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926026342/bcmi20260623_8k.htm
- Jun 9, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926020023/bcmi20260608_8k.htm
- May 7, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926015631/bcmi20260115_8k.htm
- Apr 2, 2026: Item 2.01, Completion of acquisition or disposition of assets; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926011136/bcmi20260402c_8k.htm
- Mar 12, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008006/bcmi20251015_8k.htm
- Jan 14, 2026: Item 1.01, Entry into a material definitive agreement; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926001227/bcmi20260113_8k.htm
- Dec 10, 2025: Item 1.01, Entry into a material definitive agreement; Item 3.03, Material modification to rights of security holders; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925037399/bcmi20251208_8k.htm
- Nov 6, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925033612/bcmi20250802_8k.htm

## Insider trades (Form 4)

- Dec 19, 2025: Robert J. Dwyer (Director) bought 100,000 shares, about $155,000. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925038684/0001437749-25-038684-index.htm
- Dec 19, 2025: Robert E. Cauley (Chief Executive Officer) bought 192,248 shares, about $297,984. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925038673/0001437749-25-038673-index.htm
- Dec 19, 2025: G. Hunter Haas IV (Chief Financial Officer) bought 192,247 shares, about $297,983. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925038671/0001437749-25-038671-index.htm
- Dec 19, 2025: Ashley B. Griffith (Director) bought 50,000 shares, about $77,500. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925038667/0001437749-25-038667-index.htm
- Aug 7, 2025: Robert J. Dwyer (Director) bought 200 shares, about $210. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925025412/0001437749-25-025412-index.htm
- Jun 30, 2025: Robert J. Dwyer (Director) bought 2,000 shares, about $1,880. Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774925021637/0001437749-25-021637-index.htm

## What management said

- "The Company’s results for the quarter demonstrate the benefits of our recent pivot to a more diversified asset manager with less reliance on the levered RMBS strategy. The fixed income markets broadly, and the Agency RMBS market more specifically, generated poor results for the quarter, and the equity and investment grade credit markets were negatively impacted by the poor performance of AI/hyperscalers. Despite these pressures, Bimini was able to generate positive results fo" Richard Parry, President and Chief Investment Officer of TJIM, and a member of Bimini's Board of Directors (8-K filed Nov 5, 2026). Source: https://www.sec.gov/Archives/edgar/data/1275477/000143774926035306/ex_1002337.htm

## Latest filings

- 8-K filed Sep 14, 2026: https://www.sec.gov/Archives/edgar/data/1275477/000143774926030326/bcmi20260910_8k.htm
- 10-K filed Mar 13, 2026: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008139/bcmi20251231_10k.htm
- 10-Q filed Aug 7, 2026: https://www.sec.gov/Archives/edgar/data/1275477/000143774926026516/bcmi20260630_10q.htm
- DEF 14A filed Apr 27, 2026: https://www.sec.gov/Archives/edgar/data/1275477/000143774926013376/bcmi20260312_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/