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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. The firm is responsible for administering daily business activities, investing in residential mortgage-backed securities (RMBS), and offering investment advisory services. Incorporated in 2003, the company was formerly known as Opteum Inc. before changing its name to Bimini Capital Management, Inc. in September 2007. Its main office is located in Vero Beach, Florida.
Bimini Capital Management reported Q1 2026 net income of $0.8 million, or $0.08 per share, up from $0.6 million, or $0.06 per share, in Q1 2025.
The company acquired 80% of Tom Johnson Investment Management, a registered investment adviser managing $1.6 billion in assets, to expand and diversify its advisory services segment.
Bimini's advisory services revenue increased to $5.1 million in Q1 2026, up from $4.7 million in Q4 2025, driven by Orchid's growing equity base.
The acquisition was funded without liquidating the entire Agency RMBS portfolio, and Bimini's book value per share rose to $1.34 as of March 31, 2026.