Bitmine Immersion Technologies Inc Financials
This page shows Bitmine Immersion Technologies Inc (BMNR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Bitmine Immersion Technologies Inc has an operating margin of 7288.1%, meaning the company retains $7288 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from -74.0% the prior year.
Bitmine Immersion Technologies Inc's revenue declined 99.8% year-over-year, from $3.3M to $6K. This contraction results in a growth score of 0/100.
Bitmine Immersion Technologies Inc carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Bitmine Immersion Technologies Inc's current ratio of 0.05 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Bitmine Immersion Technologies Inc generated -$4K in operating cash flow, capex of $1K consumed most of it, leaving -$5K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Bitmine Immersion Technologies Inc generates a 4.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from -80.6% the prior year.
Bitmine Immersion Technologies Inc scores 52021.15, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.9B) relative to total liabilities ($102K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Bitmine Immersion Technologies Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bitmine Immersion Technologies Inc generates $-0.01 in operating cash flow (-$4K OCF vs $349K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Bitmine Immersion Technologies Inc earns $1813.1 in operating income for every $1 of interest expense ($444K vs $245). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Bitmine Immersion Technologies Inc generated $6K in revenue in fiscal year 2025. This represents a decrease of 99.8% from the prior year.
Bitmine Immersion Technologies Inc's EBITDA was $445K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 129.2% from the prior year.
Bitmine Immersion Technologies Inc reported $349K in net income in fiscal year 2025. This represents an increase of 110.6% from the prior year.
Bitmine Immersion Technologies Inc earned $0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 101.0% from the prior year.
Cash & Balance Sheet
Bitmine Immersion Technologies Inc generated -$5K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 95.1% from the prior year.
Bitmine Immersion Technologies Inc held $512K in cash against $0 in long-term debt as of fiscal year 2025.
Bitmine Immersion Technologies Inc had 235M shares outstanding in fiscal year 2025. This represents an increase of 9407207.6% from the prior year.
Margins & Returns
Bitmine Immersion Technologies Inc's gross margin was 5.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 10.0 percentage points from the prior year.
Bitmine Immersion Technologies Inc's operating margin was 7288.1% in fiscal year 2025, reflecting core business profitability. This is up 7362.1 percentage points from the prior year.
Bitmine Immersion Technologies Inc's net profit margin was 5719.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5818.5 percentage points from the prior year.
Bitmine Immersion Technologies Inc's ROE was 4.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 84.6 percentage points from the prior year.
Capital Allocation
Bitmine Immersion Technologies Inc invested $1K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 98.6% from the prior year.
BMNR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3M | N/A | $2K+35.2% | $2K+26.4% | $1K-99.8% | $682K-44.3% | $1.2M+37.4% | $892K |
| Cost of Revenue | $1.0M | N/A | N/A | N/A | $1K | N/A | N/A | N/A |
| Gross Profit | $1.3M | N/A | $491+61.1% | $305+3096.2% | -$10-100.0% | $112K-49.6% | $222K-31.5% | $324K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $223.4M | N/A | $33-67.7% | $102-89.3% | $959-100.0% | $2.1M+4286.6% | $48K-31.7% | $70K |
| Operating Income | -$5.5B | N/A | -$468+48.8% | -$914-3.4% | -$884+99.9% | -$653K-22.1% | -$535K+17.6% | -$649K |
| Interest Expense | $200K | N/A | N/A | N/A | $68 | N/A | $57K | N/A |
| Income Tax | -$92.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$5.2B | N/A | -$623+46.2% | -$1K-18.8% | -$974+99.9% | -$814K-24.5% | -$654K+27.5% | -$903K |
| EPS (Diluted) | $-15.98 | N/A | $-0.31 | $-0.03+98.2% | $-1.66 | N/A | $-0.26-1200.0% | $-0.02 |
BMNR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.5B+30.6% | $8.8B+106302.7% | $8.3M+10.2% | $7.5M-5.5% | $7.9M+9.0% | $7.3M-10.8% | $8.2M+4.0% | $7.8M |
| Current Assets | $889.0M+73.3% | $513.0M+23566275.4% | $2K+89.5% | $1K-15.2% | $1K-99.9% | $1.5M-33.8% | $2.3M+40.8% | $1.7M |
| Cash & Equivalents | $887.7M+73.4% | $512.0M+34747009.1% | $1K+205.1% | $483-39.4% | $797-99.8% | $499K+77.6% | $281K-17.9% | $342K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $235.7M+130.5% | $102.3M+1797.9% | $5.4M+15.9% | $4.6M+12.7% | $4.1M+29.1% | $3.2M-10.1% | $3.6M+23.9% | $2.9M |
| Current Liabilities | $137.1M+1276.6% | $10.0M+186520.1% | $5K+16.1% | $5K+12.8% | $4K-99.9% | $3.1M-3.1% | $3.2M+28.0% | $2.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $11.3B+29.4% | $8.7B+302047499.1% | $3K+0.9% | $3K-25.1% | $4K-99.9% | $4.1M-11.4% | $4.6M-7.5% | $5.0M |
| Retained Earnings | -$4.9B-1542.4% | $337.4M+2420604.9% | -$14K-4.7% | -$13K-9.5% | -$12K+99.9% | -$8.2M-11.0% | -$7.4M-9.6% | -$6.8M |
BMNR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$228.4M-4040.7% | -$5.5M-329147.0% | $2K+882.7% | -$214-123.1% | -$96-100.0% | $217K+608.1% | -$43K+73.1% | -$159K |
| Capital Expenditures | $376K-64.1% | $1.0M | $0 | $0-100.0% | $18-72.7% | $66-99.6% | $19K+183.0% | -$22K |
| Free Cash Flow | -$228.7M-3385.8% | -$6.6M-391616.8% | $2K+882.7% | -$214-87.8% | -$114-100.1% | $217K+454.0% | -$61K+66.2% | -$181K |
| Investing Cash Flow | -$7.4B+0.1% | -$7.4B | $0 | $0+100.0% | -$18-103.4% | $526+102.8% | -$19K-160.4% | $31K |
| Financing Cash Flow | $8.0B+1.0% | $7.9B+1159514797.7% | -$685-584.3% | -$100-124.3% | $412 | $0 | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BMNR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.3% | N/A | 23.9%+3.8pp | 20.1%+20.9pp | -0.8%-17.2pp | 16.4%-1.7pp | 18.1%-18.2pp | 36.3% |
| Operating Margin | -238564.8% | N/A | -22.8%+37.4pp | -60.2%+13.4pp | -73.6%+22.0pp | -95.7%-52.0pp | -43.6%+29.1pp | -72.8% |
| Net Margin | -226955.7% | N/A | -30.3%+45.9pp | -76.2%+4.9pp | -81.1%+38.2pp | -119.3%-65.9pp | -53.4%+47.8pp | -101.2% |
| Return on Equity | -46.3% | N/A | -21.6%+18.9pp | -40.6%-15.0pp | -25.6%-5.7pp | -19.9%-5.8pp | -14.2%+3.9pp | -18.1% |
| Return on Assets | -45.3% | N/A | -0.0%+0.0pp | -0.0%-0.0pp | -0.0%+11.2pp | -11.2%-3.2pp | -8.0%+3.5pp | -11.5% |
| Current Ratio | 6.48-45.0 | 51.50+51.1 | 0.41+0.2 | 0.25-0.1 | 0.33-0.2 | 0.49-0.2 | 0.72+0.1 | 0.66 |
| Debt-to-Equity | 0.020.0 | 0.01-1.9 | 1.87+0.2 | 1.63+0.5 | 1.08+0.3 | 0.78+0.0 | 0.77+0.2 | 0.57 |
| FCF Margin | -9975.2% | N/A | 81.7%+95.8pp | -14.1%-4.6pp | -9.5%-41.3pp | 31.8%+36.8pp | -5.0%+15.3pp | -20.3% |
Note: The current ratio is below 1.0 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Bitmine Immersion Technologies Inc's annual revenue?
Bitmine Immersion Technologies Inc (BMNR) reported $6K in total revenue for fiscal year 2025. This represents a -99.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bitmine Immersion Technologies Inc's revenue growing?
Bitmine Immersion Technologies Inc (BMNR) revenue declined by 99.8% year-over-year, from $3.3M to $6K in fiscal year 2025.
Is Bitmine Immersion Technologies Inc profitable?
Yes, Bitmine Immersion Technologies Inc (BMNR) reported a net income of $349K in fiscal year 2025, with a net profit margin of 5719.1%.
What is Bitmine Immersion Technologies Inc's EBITDA?
Bitmine Immersion Technologies Inc (BMNR) had EBITDA of $445K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Bitmine Immersion Technologies Inc's gross margin?
Bitmine Immersion Technologies Inc (BMNR) had a gross margin of 5.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bitmine Immersion Technologies Inc's operating margin?
Bitmine Immersion Technologies Inc (BMNR) had an operating margin of 7288.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bitmine Immersion Technologies Inc's net profit margin?
Bitmine Immersion Technologies Inc (BMNR) had a net profit margin of 5719.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bitmine Immersion Technologies Inc's return on equity (ROE)?
Bitmine Immersion Technologies Inc (BMNR) has a return on equity of 4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bitmine Immersion Technologies Inc's free cash flow?
Bitmine Immersion Technologies Inc (BMNR) generated -$5K in free cash flow during fiscal year 2025. This represents a 95.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bitmine Immersion Technologies Inc's operating cash flow?
Bitmine Immersion Technologies Inc (BMNR) generated -$4K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bitmine Immersion Technologies Inc's total assets?
Bitmine Immersion Technologies Inc (BMNR) had $8.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bitmine Immersion Technologies Inc's capital expenditures?
Bitmine Immersion Technologies Inc (BMNR) invested $1K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bitmine Immersion Technologies Inc's current ratio?
Bitmine Immersion Technologies Inc (BMNR) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Bitmine Immersion Technologies Inc's debt-to-equity ratio?
Bitmine Immersion Technologies Inc (BMNR) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bitmine Immersion Technologies Inc's return on assets (ROA)?
Bitmine Immersion Technologies Inc (BMNR) had a return on assets of 4.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bitmine Immersion Technologies Inc's cash runway?
Based on fiscal year 2025 data, Bitmine Immersion Technologies Inc (BMNR) had $512K in cash against an annual operating cash burn of $4K. This gives an estimated cash runway of approximately 1481 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Bitmine Immersion Technologies Inc's Altman Z-Score?
Bitmine Immersion Technologies Inc (BMNR) has an Altman Z-Score of 52021.15, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Bitmine Immersion Technologies Inc's Piotroski F-Score?
Bitmine Immersion Technologies Inc (BMNR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bitmine Immersion Technologies Inc's earnings high quality?
Bitmine Immersion Technologies Inc (BMNR) has an earnings quality ratio of -0.01x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bitmine Immersion Technologies Inc cover its interest payments?
Bitmine Immersion Technologies Inc (BMNR) has an interest coverage ratio of 1813.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bitmine Immersion Technologies Inc?
Bitmine Immersion Technologies Inc (BMNR) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.