Bimini Capital Management Inc
biminicapital.comWhat Do They Do?
Manages mortgage-backed securities portfolios for Orchid Island Capital and invests in mortgage-backed securities and Orchid stock for its own portfolio.
10-K for FY2025, filed Mar 13, 2026Bimini Capital Management, Inc., a Maryland corporation (“Bimini Capital” and, collectively with its subsidiaries, the “Company,” “we”…View ↗
The investment portfolio segment includes the investment activities conducted at Bimini Capital’s wholly owned subsidiary, Royal Palm…View ↗
The asset management segment includes the arrangement by which the Company, through Bimini Advisors, LLC, an investment advisor registered…View ↗
How Do They Make Money?
Orchid pays a monthly management fee based on its equity and repays Bimini for direct and shared expenses incurred for Orchid; Bimini also earns interest and dividends from its own investments.
10-K for FY2025, filed Mar 13, 2026The investment portfolio segment includes the investment activities conducted at Bimini Capital’s wholly owned subsidiary, Royal Palm…View ↗
The asset management segment includes the arrangement by which the Company, through Bimini Advisors, LLC, an investment advisor registered…View ↗
Bimini Advisors receives a monthly management fee in the amount of:View ↗
Orchid is obligated to reimburse Bimini Advisors for any direct expenses incurred on its behalf. In addition, Bimini Advisors allocates to…View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by reportable segment (Advisory services) ↗
$23.7M
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10-K for FY2025, filed Mar 13, 2026
$23.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Asset Management
Recurring
10-K for FY2025, filed Mar 13, 2026 |
100%
FY2022: 100%
|
Asset Management, FY2025
$16.6M Sources
|
Recurring |
|
Investment Portfolio
|
0.0%
FY2022: 0.0%
|
Investment Portfolio, FY2025
$0 Sources
|
Who Are Their Customers?
Orchid Island Capital engages Bimini Advisors as its external manager under a management agreement.
10-K for FY2025, filed Mar 13, 2026Bimini Capital Management, Inc., a Maryland corporation (“Bimini Capital” and, collectively with its subsidiaries, the “Company,” “we”…View ↗
The asset management segment includes the arrangement by which the Company, through Bimini Advisors, LLC, an investment advisor registered…View ↗
Orchid is externally managed and advised by Bimini Advisors' MBS investment team pursuant to the terms of a management agreement. As…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 24 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 13, 2026
10-K for FY2025, filed Mar 13, 2026
$5.8MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
$374.1KView ↗
- ▲ +775%
- vs $42.7K in Q2 FY2025
-
Apr 2, 2026
Bought an 80% stake in Tom Johnson Investment Management
The seller retained a 20% interest.
Sources
8-K, filed Apr 2, 2026
On April 1, 2026, Bimini Advisors Holdings, LLC (the “Buyer”), an indirect wholly owned subsidiary of Bimini Capital Management, Inc. (the…View ↗
Growing. Revenue grew 69% in 4 years, from $14M in FY2021 to $23.7M in FY2025, about 14% a year.
Adding a broader advisory business
The earlier report describes managing Orchid and investing in mortgage-backed securities; the latest adds a planned purchase of an adviser serving individual accounts, sub-advisory agreements, and wrap programs.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 13, 2026On January 13, 2026, the Company announced that Holdings has entered into an agreement to purchase eighty percent (80%) of the fully…View ↗
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