BHM experienced dramatic balance sheet expansion with a massive 16,557% increase in total liabilities while simultaneously turning profitable operations into significant losses.
The extraordinary liability increase of over $459M paired with the swing from $389K operating income to a $9.9M operating loss suggests either a major acquisition, debt restructuring, or accounting change that fundamentally altered the company's financial profile. Despite revenue growth of 37% and strong operating cash flow improvement, the company's profitability deteriorated sharply, indicating potential integration costs or impairments from recent expansion.
BHM underwent a dramatic financial transformation with total assets growing 420% to $1.2B and liabilities exploding over 16,000%, while the company swung from $34.3M net income to a $1M loss despite 37% revenue growth. The massive balance sheet expansion appears tied to significant real estate portfolio growth (from 23 to 25 investments and 5,087 to 5,572 units), but came at the cost of operational profitability declining sharply. The strong 207% increase in operating cash flow to $27.8M provides some reassurance about underlying cash generation, but the scale of liability growth and profit deterioration signals major structural changes that require careful monitoring.
Liabilities grew 16557% — significant increase in debt or obligations, assess impact on financial flexibility.
Cash position surged 7993.6% — strong cash generation or capital raise providing significant financial cushion.
Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.
Asset base grew 419.7% — expansion through organic growth, acquisitions, or capital deployment.
Operating cash flow surged 206.5% — exceptional cash generation, highest quality earnings signal.
Net income declined 102.9% — review whether driven by operations, interest costs, or non-recurring items.
Dividend payments increased 74.5% — management confidence in sustained cash generation.
Strong top-line growth of 36.9% — accelerating demand or successful expansion into new markets.
Debt rose 14.6% — additional borrowing for investment or operations; monitor coverage ratios.
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