BM Technologies Inc. (BMTX) Financial Statements (2025 and earlier)

Company Profile

Business Address 201 KING OF PRUSSIA ROAD
WAYNE, PA 19087
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,28821,10825,704434831,193
Cash and cash equivalents14,28821,10825,704434831,193
Receivables10,62810,8609,161   
Other undisclosed current assets3,6486,4761,779413872
Total current assets:28,56438,44436,644845201,265
Noncurrent Assets
Operating lease, right-of-use asset   398  
Property, plant and equipment535508346   
Long-term investments and receivables    27,714175,411172,214
Long-term investments    27,714175,411172,214
Intangible assets, net (including goodwill)9,3689,68810,008   
Goodwill5,2595,2595,259   
Intangible assets, net (excluding goodwill)4,1094,4294,749   
Other noncurrent assets  72837   
Other undisclosed noncurrent assets16,17322,32428,19520,003  
Total noncurrent assets:26,07632,59239,78447,717175,411172,214
TOTAL ASSETS:54,64071,03676,42847,801175,931173,479
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,57712,6847,0331,656684475
Taxes payable1,807 572217
Accounts payable    1,656112259
Other undisclosed accounts payable and accrued liabilities10,57712,6845,226   
Deferred revenue12,3226,64715,387  
Due to related parties  45  
Other undisclosed current liabilities   2,22320,03380200
Total current liabilities:22,89919,33124,64321,734764675
Noncurrent Liabilities
Liabilities, other than long-term debt607 1906,772  
Deferred revenue127 1906,772 
Other liabilities 480     
Other undisclosed noncurrent liabilities1622,84713,61475,9746,7726,772
Total noncurrent liabilities:7692,84713,80482,7456,7726,772
Total liabilities:23,66822,17838,447104,4807,5367,447
Temporary equity, carrying amount    26,781163,395161,032
Equity
Equity, attributable to parent, including:30,97248,85837,981(83,460)5,0005,000
Common stock111   
Additional paid in capital71,78772,34260,686 2,3434,706
Retained earnings (accumulated deficit)(40,816)(23,485)(22,706)(83,461)2,657293
Other undisclosed equity, attributable to parent    001
Total equity:30,97248,85837,981(83,460)5,0005,000
TOTAL LIABILITIES AND EQUITY:54,64071,03676,42847,801175,931173,479

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues55,25283,59794,987   
Cost of revenue(28,065)(46,140)(42,748)   
Provision for loan, lease, and other losses(8,311)(6,798)(5,419)   
Gross profit:27,18737,45752,239   
Operating expenses(47,167)(46,713)(46,573)(2,211)(799)(720)
Other operating expense, net
(Other Expenses)
      (100)
Operating income (loss):(19,980)(9,256)5,666(2,211)(799)(820)
Nonoperating income (expense)    (66,716)3,9511,232
Interest and debt expense  (96)   
Income (loss) from continuing operations before equity method investments, income taxes:(19,980)(9,256)5,570(68,927)3,152412
Other undisclosed income from continuing operations before income taxes2,6658,06617,225  100
Income (loss) from continuing operations before income taxes:(17,315)(1,190)22,795(68,927)3,152512
Income tax expense (benefit)(16)411(5,752)(298)(788)(217)
Income (loss) from continuing operations:(17,331)(779)17,043(69,225)2,364295
Income (loss) before gain (loss) on sale of properties:17,043(69,225)2,364295
Net income (loss) available to common stockholders, diluted:(17,331)(779)17,043(69,225)2,364295

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(17,331)(779)17,043(69,225)2,364295
Comprehensive income (loss), net of tax, attributable to parent:(17,331)(779)17,043(69,225)2,364295

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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