Manhattan Bridge Capital Net Income Falls 7% to $1.27M in Q1 2026

Manhattan Bridge Capital, Inc., a New York-based commercial real estate lender, reported net income of $1.27 million for the three months ending March 31, 2026, down 7% from $1.37 million in the same quarter last year. Earnings per share came in at $0.11, compared to $0.12 in the prior-year period. Read more earnings reports.

Total revenue for the quarter fell 9% to $2.07 million from $2.27 million a year earlier. Operating income declined to $1.27 million from $1.37 million in the first quarter of 2025.

Interest expense dropped 20% to $344,592 from $429,128 in the year-ago quarter, a reduction of roughly $84,500 that partially offset the revenue decline.

The company generated $1.26 million in cash from operations for the quarter, up from $1.18 million in the same period last year. Cash used in investing activities totaled $1.86 million, a sharp reversal from the $1.76 million cash inflow from investing in the first quarter of 2025. Financing activities provided $577,467 in cash, compared to a use of $2.92 million in the prior-year quarter.

Total assets rose to $64.26 million as of March 31, 2026, up from $62.35 million at the end of December 2025. Total liabilities increased to $21.15 million from $19.25 million over the same period.

Stockholders' equity stood at $43.11 million as of March 31, essentially flat from $43.10 million three months earlier. The company had 11.43 million shares outstanding at the end of the quarter, down slightly from 11.43 million shares at year-end 2025.

Retained deficit improved to negative $1.37 million from negative $1.39 million at December 31, 2025. Treasury stock increased to $1.11 million from $1.10 million during the quarter.

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