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Complete financial analysis of BM Technologies, Inc. (BMTX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of BM Technologies, Inc., a leading company in the Software – Application industry within the Technology sector.
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BM Technologies, Inc. (BMTX)
About BM Technologies, Inc.
BM Technologies, Inc. operates as a financial technology (fintech) company in the United States. It facilitates deposits and banking services between a customer and its partner bank, customers bank, which is a related party and is a Federal Deposit Insurance Corporation insured bank. The company, through its fintech banking platform, offers digital banking and disbursement services to consumers and students through digital channels. The company was formerly known as BankMobile Technologies, Inc. and changed its name to BM Technologies, Inc. in January 2021. BM Technologies, Inc. was founded in 2014 and is headquartered in Wayne, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 55.25M | 83.60M | 94.99M | 66.86M | 72.31M | 57.52M | 12.54M |
| Cost of Revenue | 28.69M | 30.07M | 31.19M | 28.23M | 28.85M | 32.40M | 10.34M |
| Gross Profit | 26.57M | 53.53M | 63.80M | 38.63M | 43.46M | 25.12M | 2.20M |
| Gross Profit Ratio | 48.08% | 64.03% | 67.17% | 57.78% | 60.10% | 43.67% | 17.56% |
| Research & Development | 0.00 | 11.45M | 11.64M | 14.75M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 33.78M | 51.70M | 49.63M | 36.81M | 375.39K | 8.30M | 3.73M |
| Selling & Marketing | 479.00K | 741.00K | 654.00K | 941.00K | 1.35M | 557.00K | 154.00K |
| SG&A | 34.26M | 52.44M | 50.28M | 37.75M | 375.39K | 25.12M | 4.62M |
| Other Expenses | 0.00 | 10.06M | 7.79M | 10.52M | 424.00K | -720.21K | -1.77K |
| Operating Expenses | 43.88M | 62.49M | 58.07M | 48.27M | 799.39K | 720.21K | 1.77K |
| Cost & Expenses | 74.30M | 92.56M | 89.26M | 76.49M | 799.39K | 720.21K | 1.77K |
| Interest Income | 0.00 | 0.00 | 96.00K | 1.41M | 3.95M | 1.23M | 0.00 |
| Interest Expense | 0.00 | 0.00 | 96.00K | 1.40M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 12.18M | 12.39M | 12.78M | 13.27M | 1.48M | 1.41M | 411.00K |
| EBITDA | -5.14M | 3.42M | 35.67M | 2.48M | 5.06M | 0.00 | -1.77K |
| EBITDA Ratio | -9.30% | -10.73% | 19.49% | -14.41% | -3.75% | -1.25% | -0.01% |
| Operating Income | -19.04M | -8.97M | 5.67M | -10.38M | 3.15M | -720.21K | -1.77K |
| Operating Income Ratio | -34.47% | -10.73% | 5.97% | -15.52% | 4.36% | -1.25% | -0.01% |
| Total Other Income/Expenses | 1.73M | 7.78M | 17.13M | -2.13M | 3.95M | 1.23M | 0.00 |
| Income Before Tax | -17.32M | -1.19M | 22.80M | -11.77M | 5.06M | 511.80K | -1.77K |
| Income Before Tax Ratio | -31.34% | -1.42% | 24.00% | -17.60% | 7.00% | 0.89% | -0.01% |
| Income Tax Expense | 16.00K | -411.00K | 5.75M | 23.00K | 788.02K | 216.85K | 10.00K |
| Net Income | -17.33M | -779.00K | 17.04M | -11.79M | 4.27M | 294.96K | -1.77K |
| Net Income Ratio | -31.37% | -0.93% | 17.94% | -17.64% | 5.91% | 0.51% | -0.01% |
| EPS | -1.50 | -0.07 | 1.44 | -0.92 | 0.20 | 0.01 | 0.00 |
| EPS Diluted | -1.50 | -0.07 | 1.43 | -0.92 | 0.20 | 0.01 | 0.00 |
| Weighted Avg Shares Out | 11.57M | 11.94M | 11.85M | 12.89M | 21.16M | 20.86M | 21.56M |
| Weighted Avg Shares Out (Dil) | 11.57M | 11.94M | 11.94M | 12.89M | 21.16M | 20.86M | 21.56M |
Jamie Donahue, President and CTO of BM Technologies (BMTX), to Speak at Finovate Fall and MoneyLIVE North America
Donahue to Discuss Breakthroughs in FinTech Innovation with Industry Leaders RADNOR, PA / ACCESSWIRE / September 10, 2024 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, is pleased to announce that...
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BM Technologies, Inc. (NYSE:BMTX ) Q2 2024 Results Conference Call August 15, 2024 9:00 AM ET Company Participants Brian Prenoveau - Investor Relations Luvleen Sidhu - Co-Founder, Chairman and Chief Executive Officer Ajay Asija - Chief Financial Officer James Donahue...
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BM Technologies Reports Second Quarter & First Half 2024 Results
First Half 2024 Revenue of $28.7 Million, Up 10% YoY Q2 2024 Interchange and Card Revenue Increased 57% YoY Growth Initiatives Launched with Cash Back Rewards Engine & 15 Identity Verification (IDV) Product Sales YTD RADNOR, PA / ACCESSWIRE /...
BM Technologies (BMTX) Wins Gold for "EdTech Company of the Year" in 2024 STEVIE(R) Awards
Recognized for Outstanding Achievements in Advancing Technology Solutions within the EdTech Sector, with a Focus on Enhancing the Higher Education Landscape for Both Schools and Students RADNOR, PA / ACCESSWIRE / August 13, 2024 / BM Technologies, Inc. (NYSE American:BMTX)...
BM Technologies to Announce Q2 2024 Earnings and Host Webcast
RADNOR, PA / ACCESSWIRE / August 12, 2024 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its second quarter...
Endless Earning, Unlocked: BM Technologies (BMTX) Introduces Cash Back Offers for BankMobile Vibe in Collaboration with Kard
BMTX Enhances Customer Banking Experience with Rewards-as-a-Service API, Providing Seamless Cash Back Opportunities, Unlimited Offers, and Access to Over 50,000 Top Merchant Locations Nationwide RADNOR, PA / ACCESSWIRE / July 29, 2024 / BM Technologies, Inc. (NYSE American:BMTX), one of...
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