Bimini Capital Management, Inc. (BMNM) Earnings Call Transcripts

Bimini Capital Management, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Bimini Capital Management reported a consolidated income of $0.8 million or $0.08 per share, reflecting the impact of challenging market conditions due to geopolitical tensions, particularly the war in Iran. The company experienced a net loss of $0.7 million in its investment portfolio segment, while advisory service revenue increased to $5.1 million, up from $4.7 million in the previous quarter. Management indicated that market conditions have improved in the second quarter, which could potentially reverse some of the losses from Q1, but the overall economic outlook remains uncertain due to ongoing geopolitical risks.

Reported metrics

Guidance from management

Management indicated that market conditions have improved in Q2 2026, which could help reverse some losses from Q1, but they maintained a cautious outlook due to ongoing geopolitical uncertainties.

What management said

Thank you, Richard. Finally, we look forward to discussing TJIM's results for the second quarter of 2026 as part of our quarterly earnings discussion next quarter. I think that's it, operator, we can open up the call to questions.

Thank you, operator, and thank you, everyone. To the extent that a question comes up after the call or if you have to listen to the replay and didn't get a chance to listen to us live, and you have a question, please feel free to reach out the number at the office is 772-231-1400. Otherwise, we look forward to speaking with you at the end of the second quarter. Thank you, and have a good day.

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical events on future performance, particularly the uncertainty surrounding the war in Iran. There were also questions about the implications of transitioning away from REIT status and how it affects valuation metrics.

Main topics on the call

• Impact of Geopolitical Events — The war in Iran significantly disrupted market conditions, leading to 'modest losses for the quarter.' Management noted that while markets have calmed, the initial reactions caused results to be 'slightly negative.'
• Advisory Service Revenue Growth — Bimini's advisory service revenue increased to $5.1 million in Q1 2026, compared to $4.7 million in Q4 2025, indicating a positive trend in this segment. Management stated, 'the Advisory Service segment generated net inc...
• Investment Portfolio Performance — The investment portfolio segment reported a net loss of $0.7 million for the quarter, attributed to uneven market conditions. This loss was a direct result of the geopolitical tensions affecting the Agency RMBS market.
• Improvement in Market Conditions — Management indicated that market conditions for levered Agency RMBS investing have improved in Q2 2026, potentially reversing some of the Q1 losses. They noted that 'the fixed income markets experienced a period of calm'...

Read the full Bimini Capital Management, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Bimini Capital Management, Inc. earnings call transcripts on record, spanning March 19, 2020 to May 8, 2026. Based on this history, Bimini Capital Management, Inc. reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BMNM

Exchange

OTCPK

Country

US

Sector

Real Estate

Industry

Mortgage Real Estate Investment Trusts (REITs)

Calls on record

26

First call

March 19, 2020

Most recent

May 8, 2026

Reporting cadence

quarterly