# Bright Mountain Media, Inc. (BMTM) · Edgar & Edgarette company card

> Bright Mountain Media (BMTM) grew revenue 4.5% in FY2025 to $59 million, operating margin -2.4% against a 5.7% median for computer programming services, equity -193% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1568385 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BMTM) · [JSON](https://www.pops4.com/boards/company/BMTM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $59M |
| Revenue growth, 1 year | 4.5% |
| Revenue growth per year | 46.3% |
| Operating margin | -2.4% (prior year -8.7%) |
| Net margin | -22.7% |
| Operating cash flow | $1M |
| Capital spending | $111,000 |
| Free cash flow | $1M |
| Cash | $1M |
| Long-term debt | $86M |
| Total assets | $40M |
| Total equity | −$77M |
| Equity ÷ assets | -193.1% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -31.54 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -4.25 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating loss: a margin of -2.4% in FY2025; revenue is hard to predict: its 80% range is ±63%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $35.3M to $141.1M. A statistical range, not company guidance. 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%.

Range logged 2026-09-24, receipt bf30ef34169cf039, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-09-23 ([filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526399300/0001193125-26-399300-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-05-06 ([filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526208900/0001193125-26-208900-index.htm))

## Recent filings

- 8-K · filed 2026-09-23 · 4.01 Changes in Registrant's Certifying Accountant · [filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526399300/0001193125-26-399300-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526338277/0001193125-26-338277-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526338261/0001193125-26-338261-index.htm)
- 8-K · filed 2026-07-07 · 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526297404/0001193125-26-297404-index.htm)
- 8-K · filed 2026-06-16 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526272407/0001193125-26-272407-index.htm)
- 8-K · filed 2026-05-12 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1568385/000119312526219222/0001193125-26-219222-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001568385.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1568385

## Cite

POPS4, Edgar & Edgarette: Bright Mountain Media, Inc. (BMTM) company card, from the company's own SEC filings, accessed 2026-11-08, https://www.pops4.com/boards/company/BMTM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.