{ "ok": true, "cik": "1568385", "ticker": "BMTM", "name": "Bright Mountain Media, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-23", "items": [ "4.01 Changes in Registrant's Certifying Accountant" ], "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526399300/0001193125-26-399300-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526338277/0001193125-26-338277-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526338261/0001193125-26-338261-index.htm" }, { "form": "8-K", "filed": "2026-07-07", "items": [ "2.03 Creation of a Direct Financial Obligation" ], "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526297404/0001193125-26-297404-index.htm" }, { "form": "8-K", "filed": "2026-06-16", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526272407/0001193125-26-272407-index.htm" }, { "form": "8-K", "filed": "2026-05-12", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526219222/0001193125-26-219222-index.htm" } ], "events12m": 13, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001568385.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1568385" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Bright Mountain Media, Inc. ($BMTM). Last filing: 8-K (4.01 Changes in Registrant's Certifying Accountant), 2026-09-23. 13 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-09-23.", "auditor": { "changes": [ { "filed": "2026-09-23", "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526399300/0001193125-26-399300-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 59229000, "revenueGrowth1y": 0.044953335332827526, "revenueGrowthPerYear": 0.46310657548164524, "yearsOfData": 5, "operatingMargin": -0.02417734555707508, "operatingMarginPrior": -0.08676628852701963, "netMargin": -0.22716912323355112, "operatingCashFlow": 1252000, "capitalSpending": 111000, "freeCashFlow": 1141000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 1371000, "longTermDebt": 86140000, "longTermDebtChange": 0.09284209992134174, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 12925000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 19580000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 44546000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 56681000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 59229000 } ], "totalEquity": -76635000, "totalAssets": 39685000, "equityRatio": -1.9310822728990802, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.08, "sharesOutstanding": 176547907, "bookValuePerShare": -0.4340748146054204, "revenuePerShare": 0.33548401114718396, "range80": { "low": 33354820.930954773, "high": 148673281.4149175, "baseline": 73775464.93793534, "n": 749, "band": "b00", "bandLabel": "$50M–100M", "method": "v4.1", "credibility": 0.625, "growthYears": 6, "ownVolatility": 0.42415258024972535, "classVolatility": 0.19293522228976231, "volatility": 0.3555276108585834 }, "ifPaceHeld": { "low": 33354820.930954773, "high": 148673281.4149175 } }, "edgarette": "🔖 Exposure: revenue $59.2M (FY2025), total debt $86.1M. Experience: revenue up 4.5% on the year, up 46.3% a year over 4 years; operating margin -2.4%, up from -8.7%. Soundness: equity -193.1% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $33.4M and $148.7M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $35.3M to $141.1M. A range, not a forecast. Against peers (12 filers, $50M+ revenue, services-computer programming services): operating margin -2.4% against a 5.7% median; growth 4.5% against 6.7%.", "peers": { "sic": 7371, "sicDescription": "Services-Computer Programming Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7371", "growth": [ 0.0666, 10 ], "opMargin": [ 0.0565, 12 ], "equityRatio": [ 0.4421, 11 ], "returnOnEquity": [ 0.0397, 8 ] }, "summary": "Bright Mountain Media (BMTM) grew revenue 4.5% in FY2025 to $59 million, operating margin -2.4% against a 5.7% median for services-computer programming services, equity -193% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Bright Mountain Media, Inc. against its own record and its peers
Operating marginPeer median 5.7%-2.4%Revenue, on the yearPeer median 6.7%4.5%Equity of assetsPeer median 44.2%-193.1%Gold tick: the median of 11–11 peers with $50M+ revenue in services-computer programming services
", "chartHorizon": null, "backtest": { "tests": 10, "hits": 7, "rate": 0.7, "method": "v4", "byYear": { "2016": [ 0, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 0, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-24T14:21:45.801Z", "hash": "bf30ef34169cf039", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Bright Mountain Media (BMTM) grew revenue 4.5% in FY2025 to $59 million, operating margin -2.4% against a 5.7% median for services-computer programming services, equity -193% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 59229000, "totalDebt": 86140000, "cash": 1371000 }, "experience": { "revenueGrowth1y": 0.044953335332827526, "revenueGrowthPerYear": 0.46310657548164524, "operatingMargin": -0.02417734555707508, "operatingMarginPrior": -0.08676628852701963, "netMargin": -0.22716912323355112, "freeCashFlow": 1141000 }, "soundness": { "equityRatio": -1.9310822728990802, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7371, "sicDescription": "Services-Computer Programming Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7371", "growth": [ 0.0666, 10 ], "opMargin": [ 0.0565, 12 ], "equityRatio": [ 0.4421, 11 ], "returnOnEquity": [ 0.0397, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-09-23", "url": "https://www.sec.gov/Archives/edgar/data/1568385/000119312526399300/0001193125-26-399300-index.htm" } }, "range": { "low": 33354820.930954773, "high": 148673281.4149175, "baseline": 73775464.93793534, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 749, "sizeBand": "$50M–100M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.625, "growthYears": 6, "ownVolatility": 0.42415258024972535, "classVolatility": 0.19293522228976231, "pricedVolatility": 0.3555276108585834, "k": 3 }, "stress": { "low": 35285228.48239967, "high": 141078827.91694647, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 10, "hits": 7, "rate": 0.7, "method": "v4", "byYear": { "2016": [ 0, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 0, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-24T14:21:45.801Z", "hash": "bf30ef34169cf039", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001568385.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1568385" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }