Information Required of Brokers and Dealers (Form X-17A-5)

Report for the Period Beginning	04-01-2025
and Ending	03-31-2026
Type of Registrant	Broker-dealer
	OTC derivatives dealer

Material Weakness
Does this submission include an accountant's report covering the compliance report that indentifies one or more material weaknesses?	Yes No

Name of Broker-dealer

ROBERT BLUM MUNICIPALS, INC.

Address of Principal Place of Business (Do not use P.O. Box No.)

Address 1	376 17TH AVENUE
City	SAN FRANCISCO
State/Country	CALIFORNIA
Mailing Zip/ Portal Code	94121

Name and Telephone Number of Person to Contact in Regard to this Report

Name	Robert Blum
Telephone Number	415-673-2793

Independent Public Accountant

Name - if individual, state last, first, and middle name	Cropper Accountancy Corporation
Address 1	2700 Ygnacio Valley Road, Suite 270
City	Walnut Creek
State/Country	CALIFORNIA
Mailing Zip/ Postal Code	94598
Check One	Certified Public Accountant Certified Public Accountant not resident in United States or any of its possessions

Oath or Affirmation

I, Robert Blum, swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of ROBERT BLUM MUNICIPALS, INC., as of 03-31-2026, are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows:

Signature	Robert Blum
Title	President

Notary Public

Checking this box acknowledges that this oath or affirmation has been notarized.