BMTM 8-K SEC Filing Analysis

Latest settled — T+5d

BMTM ▲ 0.00% at T+5d

SHORT call ✗ call lost 0.00% · α vs SPY +0.08% · entry $0.004000 → $0.004000

Next anchor: T+20d in 8h

Currently $0.007700 · -92.50% from $0.004000 entry (call sign-flipped)

Entry anchored
May 12, 2026
via day open

T+1d

0.00%

call 0.00% · α +0.58%

$0.004000

settled 28d ago

T+5d

0.00%

call 0.00% · α +0.08%

$0.004000

settled 22d ago

T+20d

—

call — · α —

—

in 8h

T+60d

—

call — · α —

—

in 8w

Price Chart

Loading chart...

Executive Summary

Bright Mountain Media reported Q1 2026 revenue of $14.0M, down 2% YoY from $14.2M, but net loss improved 60% to $1.3M from $3.2M. Adjusted EBITDA surged 189% to $2.4M. The company's massive debt load ($86.8M current portion of Centre Lane facility) and negative stockholders' equity ($77.9M deficit) overshadow the operational improvements.

Key Financial Metrics

Gross Margin

30.9%

Actionable Insight

The company is effectively insolvent with $86.8M in current debt vs $594K cash. The 60% net loss improvement is from cost-cutting, not revenue growth. Monitor for debt restructuring, potential default, or dilutive equity raise. The Apr 6 amendment deferring payments and issuing shares to the lender signals distress.

Key Facts

Revenue declined 2% YoY to $14.0M from $14.2M
Net loss improved 60% to $1.3M from $3.2M
Adjusted EBITDA rose 189% to $2.4M from $816K
Gross margin flat at $4.3M
Operating income swung positive to $1.7M from -$252K
Interest expense on Centre Lane facility was $3.1M, exceeding operating income
Current portion of Centre Lane debt is $86.8M, total current liabilities $115.1M
Stockholders' deficit of $77.9M, accumulated deficit $181.6M
Cash and cash equivalents only $594K vs $20.3M accounts payable
Prior 8-K (Apr 6) deferred $1.2M loan amortization and issued 2.9M shares to lender

Financial Impact

Revenue down $227K YoY; net loss improved $1.9M; $86.8M debt due within 12 months vs $594K cash

revenuenet lossadjusted EBITDAdebtstockholders' equity

Risk Factors

Potential default on $86.8M Centre Lane facility due Dec 2026 with only $594K cash
Negative stockholders' equity of $77.9M indicates balance sheet insolvency
Revenue decline trend continues (2nd consecutive quarter of YoY decline per cross-filing)
Interest expense ($3.1M) exceeds operating income ($1.7M) - debt burden unsustainable
Further dilution likely as lender already received 2.9M shares in Apr 2026 amendment

Market Snapshot

Exchange

OTC

Sector

Services-Computer Programming Services

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-219222
Document: bmtm-20260512.htm	0001193125-26-219222
Document: 0001193125-26-219222-index-headers.html	0001193125-26-219222
Document: 0001193125-26-219222-index.html	0001193125-26-219222
Document: 0001193125-26-219222.txt	0001193125-26-219222
8-K Data (Synthetic)	0001193125-26-219222

3 reports for BMTM

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for BMTM — sortable, filterable
	Type				Now
May 12, 2026 28d ago	8-K BEARISH ★ 6/10	$0.004000 $0.004000	· 0.00%	▲ +0.08%	$0.007700 (−92.50%)
Apr 16, 2026 7w ago	8-K BEARISH ★ 6/10	$0.006000 $0.006000	· 0.00%	▲ +0.98%	$0.007700 (−28.33%)
Apr 6, 2026 9w ago	8-K MIXED ★ 5/10	$0.004800 $0.004200	▼ −12.50%	▼ −16.63%	$0.007700 (+60.42%)

US Market Status

Market Closed — Opens Thu (9h 37m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access