---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-029820"
form_type: "8-K"
ticker: null
cik: "0001725872"
company_name: "BM Technologies, Inc."
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:53:16.453078+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BM Technologies reports Q4/FY 2023 revenue $55.3M, net loss $17.3M; expects positive Core EBITDA in 2024

## Summary
- Full year 2023 GAAP operating revenue $55.3M, down 34% YoY from $83.6M; net loss $17.3M ($1.50/diluted share).
- Q4 2023 net loss $4.0M ($0.34/diluted); Core EBITDA loss improved sequentially to -$0.8M from -$1.9M in Q4 2022.
- Transfer of Higher Education deposits to FCB in Dec 2023 expected to increase annualized interchange revenue by $4.4M.
- Profit Enhancement Plan reduced Core Operating Expenses by $9.5M in 2023; additional savings expected in 2024.
- Company expects return to positive Core EBITDA in 2024 driven by higher revenues and cost controls.

## SEC filing metadata
- accession: 0001213900-24-029820
- form_type: 8-K
- cik: 0001725872
- company_name: BM Technologies, Inc.
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725872/000121390024029820/0001213900-24-029820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725872/000121390024029820/ea0203261-8k_bmtech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-029820
- JSON: https://secwatch.observer/filing/0001213900-24-029820.json
- Plain text: https://secwatch.observer/filing/0001213900-24-029820.txt

## Key facts
- Earnings Releases
  BM Technologies, Inc. reported three and twelve months ended December 31, 2023 results: revenue $14.9 million and $55.3 million, net income net loss totaled $(4.0) million, or $(0.34) per diluted share. Net loss for the twelve months ended December 31, 2023 to, EPS $(0.34) per diluted share.
  - Period: three and twelve months ended December 31, 2023
  - Revenue: $14.9 million and $55.3 million
  - Net income: net loss totaled $(4.0) million, or $(0.34) per diluted share. Net loss for the twelve months ended December 31, 2023 to
  - EPS: $(0.34) per diluted share
  - Result: reported results
  source text: PRESS RELEASE DATED APRIL 3, 2024 Exhibit 99.1 BM Technologies, Inc. BM Technologies Reports Fourth Quarter & Full Year 2023 Results Full year 2023 Revenue $55.3 Million Transfer of Higher Education Deposits to First Carolina Bank ( “ FCB ” ) in December Increased Annualized Interchange Fees by 20 Basis Points Radnor, PA, April 03, 2024 — BM
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390024029820/0001213900-24-029820-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.