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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 14,288 | 21,108 | 25,704 | 43 | 483 | 1,193 | |||
Cash and cash equivalents | 14,288 | 21,108 | 25,704 | 43 | 483 | 1,193 | |||
Receivables | 10,628 | 10,860 | 9,161 | ||||||
Other undisclosed current assets | 3,648 | 6,476 | 1,779 | 41 | 38 | 72 | |||
Total current assets: | 28,564 | 38,444 | 36,644 | 84 | 520 | 1,265 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 398 | ✕ | |||||||
Property, plant and equipment | 535 | 508 | 346 | ||||||
Long-term investments and receivables | 27,714 | 175,411 | 172,214 | ||||||
Long-term investments | 27,714 | 175,411 | 172,214 | ||||||
Intangible assets, net (including goodwill) | 9,368 | 9,688 | 10,008 | ||||||
Goodwill | 5,259 | 5,259 | 5,259 | ||||||
Intangible assets, net (excluding goodwill) | 4,109 | 4,429 | 4,749 | ||||||
Other noncurrent assets | 72 | 837 | |||||||
Other undisclosed noncurrent assets | 16,173 | 22,324 | 28,195 | 20,003 | |||||
Total noncurrent assets: | 26,076 | 32,592 | 39,784 | 47,717 | 175,411 | 172,214 | |||
TOTAL ASSETS: | 54,640 | 71,036 | 76,428 | 47,801 | 175,931 | 173,479 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 10,577 | 12,684 | 7,033 | 1,656 | 684 | 475 | |||
Taxes payable | ✕ | ✕ | ✕ | 1,807 | 572 | 217 | |||
Accounts payable | 1,656 | 112 | 259 | ||||||
Other undisclosed accounts payable and accrued liabilities | 10,577 | 12,684 | 5,226 | ||||||
Deferred revenue | 12,322 | 6,647 | 15,387 | ✕ | |||||
Due to related parties | ✕ | ✕ | 45 | ||||||
Other undisclosed current liabilities | 2,223 | 20,033 | 80 | 200 | |||||
Total current liabilities: | 22,899 | 19,331 | 24,643 | 21,734 | 764 | 675 | |||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 607 | 190 | 6,772 | ||||||
Deferred revenue | 127 | 190 | 6,772 | ✕ | |||||
Other liabilities | 480 | ||||||||
Other undisclosed noncurrent liabilities | 162 | 2,847 | 13,614 | 75,974 | 6,772 | 6,772 | |||
Total noncurrent liabilities: | 769 | 2,847 | 13,804 | 82,745 | 6,772 | 6,772 | |||
Total liabilities: | 23,668 | 22,178 | 38,447 | 104,480 | 7,536 | 7,447 | |||
Temporary equity, carrying amount | 26,781 | 163,395 | 161,032 | ||||||
Equity | |||||||||
Equity, attributable to parent, including: | 30,972 | 48,858 | 37,981 | (83,460) | 5,000 | 5,000 | |||
Common stock | 1 | 1 | 1 | ||||||
Additional paid in capital | 71,787 | 72,342 | 60,686 | 2,343 | 4,706 | ||||
Retained earnings (accumulated deficit) | (40,816) | (23,485) | (22,706) | (83,461) | 2,657 | 293 | |||
Other undisclosed equity, attributable to parent | 0 | 0 | 1 | ||||||
Total equity: | 30,972 | 48,858 | 37,981 | (83,460) | 5,000 | 5,000 | |||
TOTAL LIABILITIES AND EQUITY: | 54,640 | 71,036 | 76,428 | 47,801 | 175,931 | 173,479 |
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 | ||
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Revenues | 55,252 | 83,597 | 94,987 | |||||
Cost of revenue | (28,065) | (46,140) | (42,748) | |||||
Provision for loan, lease, and other losses | (8,311) | (6,798) | (5,419) | |||||
Gross profit: | 27,187 | 37,457 | 52,239 | |||||
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) | 3,951 | 1,232 | |||||
Interest and debt expense | (96) | |||||||
Income (loss) from continuing operations before equity method investments, income taxes: | (19,980) | (9,256) | 5,570 | (68,927) | 3,152 | 412 | ||
Other undisclosed income from continuing operations before income taxes | 2,665 | 8,066 | 17,225 | 100 | ||||
Income (loss) from continuing operations before income taxes: | (17,315) | (1,190) | 22,795 | (68,927) | 3,152 | 512 | ||
Income tax expense (benefit) | (16) | 411 | (5,752) | (298) | (788) | (217) | ||
Income (loss) from continuing operations: | (17,331) | (779) | 17,043 | (69,225) | 2,364 | 295 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 17,043 | (69,225) | 2,364 | 295 | |
Net income (loss) available to common stockholders, diluted: | (17,331) | (779) | 17,043 | (69,225) | 2,364 | 295 |
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 | ||
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Net income (loss): | (17,331) | (779) | 17,043 | (69,225) | 2,364 | 295 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (17,331) | (779) | 17,043 | (69,225) | 2,364 | 295 |
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.