Bimini Capital Q2 FY26 net income rises to $0.4 million; revenue climbs to $6.8 million
BMNM•Management commentary
CEO Robert E. Cauley said Q2 was favorable for levered MBS investors, while warning inflation and Middle East war risks could push rates higher.
Q2 results and revenue growth
Bimini Capital Management posted Q2 net income of $0.4 million, or $0.04 a share, up from $0.04 million a year earlier.
Advisory services revenue climbed 78.6% to $6.8 million, helped by TJIM’s $1.7 million contribution and higher Orchid management fees.
Portfolio changes, expenses and book value
Interest and dividend income fell 76.4% to $422,082 as Bimini liquidated most of its MBS portfolio in Q1 to fund the TJIM acquisition.
Operating expenses rose to $4.8 million from $2.8 million, including $0.9 million of acquisition-related costs; book value per share edged up to $1.38.
