Company research
BM Technologies, Inc.
CIK 1725872Updated Sep 27, 2026
Securities
Name history
Megalith Financial Acquisition Corp · through Dec 22, 2020
BMTX price & chart
Historical security
This listing closed Jan 24, 2023. Live provider charts are shown only for current listings.
In the news
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Recent filings
Show 5 more recent filings
Completion of Acquisition or Disposition of Assets · Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Material Modification to Rights of Security Holders · Changes in Control of Registrant · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
4 filing
4 filing
4 filing
4 filing
Financials
FY 2023 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 54,640,000Source | 71,036,000Source | 82,173,000Source | 47,800,537Source |
| Property, Plant and Equipment, NetUSD | 535,000Source | 508,000Source | 345,000Source | 401,000Source |
| GoodwillUSD | 5,259,000Source | 5,259,000Source | 5,259,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 14,288,000Source | 21,108,000Source | 17,379,000Source | 43,178Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 9,128,000Source | 8,260,000Source | 11,274,000Source | — |
| Assets, CurrentUSD | 28,564,000Source | 38,444,000Source | 33,685,000Source | 83,850Source |
| Prepaid Expense and Other Assets, CurrentUSD | 5,148,000Source | 9,076,000Source | 5,032,000Source | 40,672Source |
| Operating Lease, Right-of-Use AssetUSD | — | 0Source | — | — |
| Other Assets, NoncurrentUSD | 0Source | 72,000Source | 942,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 23,668,000Source | 22,178,000Source | 53,402,000Source | 104,479,566Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | — |
| Common Stock, Value, IssuedUSD | 1,000Source | 1,000Source | 1,000Source | — |
| Additional Paid in CapitalUSD | 71,787,000Source | 72,342,000Source | 52,460,000Source | 3,233,443Source |
| Retained Earnings (Accumulated Deficit)USD | -40,816,000Source | -23,485,000Source | -23,690,000Source | -83,460,753Source |
| Stockholders' Equity Attributable to ParentUSD | 30,972,000Source | 48,858,000Source | 28,771,000Source | -83,460,330Source |
| Liabilities and EquityUSD | 54,640,000Source | 71,036,000Source | 82,173,000Source | 47,800,537Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 22,899,000Source | 19,331,000Source | 35,841,000Source | 21,734,071Source |
| Operating Lease, Liability, CurrentUSD | — | 0Source | 714,000Source | — |
| Accounts Payable, CurrentUSD | — | — | — | 1,656,199Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | 235,000Source | — |
| Other Liabilities, NoncurrentUSD | 480,000Source | — | — | — |
| Additional Financial Items | ||||
| Deferred Revenue, NoncurrentUSD | — | — | — | 6,771,556Source |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying AmountUSD | — | — | — | 26,781,301Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -69,224,745Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,899,000Source | 11,356,000Source | 11,343,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,663,000Source | -708,000Source | -872,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | 1,544,231Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | -422,225Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,527,000Source | 3,480,000Source | 27,543,000Source | -1,589,372Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -5,873,000Source | -5,675,000Source | -733,000Source | 129,257,573Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 292,000Source | 499,000Source | 138,000Source | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 2,474,000Source | 425,000Source | — | — |
| Payments for Repurchase of Common StockUSD | — | — | — | 148,155,560Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,474,000Source | -2,401,000Source | -4,095,000Source | -128,107,688Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -6,820,000Source | -4,596,000Source | 22,715,000Source | -439,487Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 14,288,000Source | 21,108,000Source | 25,704,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 0Source | 178,000Source | — |
| Income Taxes Paid, NetUSD | -4,395,000Source | 8,123,000Source | 4,224,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 320,000Source | 320,000Source | 321,000Source | — |
| Capitalized Computer Software, AmortizationUSD | 11,591,000Source | 11,445,000Source | 11,444,000Source | — |
| DepreciationUSD | 265,000Source | 298,000Source | 193,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | -38,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | — | 292,252Source |
| GoodwillUSD | 5,259,000Source | 5,259,000Source | 5,259,000Source | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 0Source | 0Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | — | — | — |
| Income Tax Expense (Benefit)USD | 16,000Source | -411,000Source | 5,752,000Source | 297,748Source |
| Net Income (Loss) Attributable to ParentUSD | -17,331,000Source | -779,000Source | 17,043,000Source | -69,224,745Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -17,331,000Source | -779,000Source | 17,043,000Source | — |
| Nonoperating Income (Expense)USD | — | — | — | -66,716,403Source |
| Operating ExpensesUSD | — | — | — | 2,210,594Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 212,129Source |
| Payments for Repurchase of WarrantsUSD | 0Source | 1,977,000Source | — | — |
| Proceeds from Contributed CapitalUSD | — | — | 0Source | — |
| Provision for Loan, Lease, and Other LossesUSD | 8,311,000Source | 6,798,000Source | 5,419,000Source | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 55,252,000Source | 83,597,000Source | 94,987,000Source | — |
| Operating Income (Loss)USD | -19,980,000Source | -9,256,000Source | 5,666,000Source | — |
| Other Nonoperating Income (Expense)USD | — | — | — | 212,129Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -17,315,000Source | -1,190,000Source | 22,795,000Source | -68,926,997Source |
| Income Tax Expense (Benefit)USD | 16,000Source | -411,000Source | 5,752,000Source | 297,748Source |
| Net Income (Loss) Attributable to ParentUSD | -17,331,000Source | -779,000Source | 17,043,000Source | -69,224,745Source |
| Earnings Per Share, BasicUSD per share | -1.5Source | -0.07Source | 1.44Source | — |
| Earnings Per Share, DilutedUSD per share | -1.5Source | -0.07Source | 1.43Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 11,574,000Source | 11,942,000Source | 11,851,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 11,574,000Source | 11,942,000Source | 11,939,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 320,000Source | 320,000Source | 321,000Source | — |
| Business Combination, Acquisition Related CostsUSD | 937,000Source | 290,000Source | 65,000Source | — |
| Capitalized Computer Software, AmortizationUSD | 11,591,000Source | 11,445,000Source | 11,444,000Source | — |
| Costs and ExpensesUSD | 75,232,000Source | 92,853,000Source | 89,321,000Source | — |
| Current Income Tax Expense (Benefit)USD | 16,000Source | -411,000Source | 5,752,000Source | 297,748Source |
| General and Administrative ExpenseUSD | — | — | — | 292,252Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Interest ExpenseUSD | — | 0Source | 96,000Source | — |
| Interest Income (Expense), NetUSD | — | — | — | 1,405,514Source |
| Labor and Related ExpenseUSD | 22,489,000Source | 39,926,000Source | 38,036,000Source | — |
| Marketing and Advertising ExpenseUSD | 479,000Source | 741,000Source | 654,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -17,331,000Source | -779,000Source | 17,043,000Source | — |
| Nonoperating Income (Expense)USD | — | — | — | -66,716,403Source |
| Operating ExpensesUSD | — | — | — | 2,210,594Source |
| Other Cost and Expense, OperatingUSD | 3,038,000Source | 3,259,000Source | 2,368,000Source | — |
| Other ExpensesUSD | — | — | — | 100,000Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | 0Source | — |