Manhattan Bridge Capital, Inc., a company specializing in short-term, secured, non-banking loans to real estate investors, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company’s financial performance and operational activities, highlighting key metrics and future outlooks.

Financial Highlights

Total Revenue: $2.036 million for the three months ended September 30, 2025, a decrease of $277,000 or 12.0% compared to the same period in 2024, primarily due to lower interest income and reduced origination fees.

Total Revenue: $6.665 million for the nine months ended September 30, 2025, a decrease of $665,000 or 9.1% compared to the same period in 2024, primarily due to lower interest income and reduced origination fees.

Income from Operations: $1.198 million for the three months ended September 30, 2025, compared to $1.395 million for the same period in 2024.

Income from Operations: $3.976 million for the nine months ended September 30, 2025, compared to $4.272 million for the same period in 2024.

Net Income: $1.202 million for the three months ended September 30, 2025, a decrease of $197,000 or 14.1% compared to the same period in 2024, primarily due to the decrease in revenue.

Net Income: $3.988 million for the nine months ended September 30, 2025, a decrease of $297,000 or 6.9% compared to the same period in 2024, primarily due to the decrease in interest income.

Basic and Diluted Net Income Per Common Share: $0.11 for the three months ended September 30, 2025, compared to $0.12 for the same period in 2024.

Basic and Diluted Net Income Per Common Share: $0.35 for the nine months ended September 30, 2025, compared to $0.37 for the same period in 2024.

Business Highlights

Revenue Segments: The company offers short-term, secured, non-banking loans to real estate investors, primarily in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. These loans are secured by first mortgage liens on residential and commercial properties.

Geographical Performance: The company operates mainly in the New York metropolitan area and Florida, focusing on real estate loans. The demand for small real estate loans in these regions presents opportunities for the company to originate high-quality first mortgage loans.

Sales Units: For the nine months ended September 30, 2025, the company issued approximately $27,957,000 in commercial loans and collected approximately $35,475,000 from borrowers.

Operational Strategy: The company aims to grow its loan portfolio while protecting capital to provide attractive risk-adjusted returns through dividends. It focuses on originating and managing first mortgage loans in its key markets.

Future Outlook: The company plans to continue leveraging its knowledge of the New York metropolitan real estate market and its disciplined credit culture to achieve its business objectives. It anticipates that working capital requirements will increase as it pursues growth under favorable conditions.

SEC Filing: MANHATTAN BRIDGE CAPITAL, INC [ LOAN ] – 10-Q – Oct. 24, 2025