BMNRNYSEFinance ServicesFiscal year ends August 31Also trades as BMNP
BITMINE IMMERSION TECHNOLOGIES, INC.
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Jul 14, 2026
$21.57−0.09 (-0.42%)
Close on Oct 19, 2026
- Market cap
- $11.90B
- P/E (TTM)
- 1.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
5.1%
Operating margin
7288.1%
Net margin
5719.1%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +84.1% | +142.4% | – | – | |
| Gross profit | -59.3% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 8.0% | |
| Return on assets | – | – | 7.9% | |
| Current ratio | 0.04 | 0.04 | 51.50 | |
| Interest coverage | – | – | 1813.1× | |
| Capex to revenue | – | – | 17.5% | |
| Diluted shares | – | – | 25M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Bitmine Immersion Technologies generated $6.69M from operations and spent $4.95M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$6.69M
Used
$4.95M
Capital expenditure$4.95M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5719.1%
×Asset turnover0.00×
×Equity multiplier1.01×
=Return on equity, FY20258.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5719.1% | 0.00× | 1.01× | 8.0% |
| FY2024 | -99.5% | 0.43× | 1.50× | -63.7% |
| FY2023 | -382.0% | 0.08× | 1.18× | -36.1% |
| FY2022 | -468.9% | 0.10× | 1.11× | -51.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$348.58M
- Cash generatingOperating cash flow above zero-$4.15M
- Return on assets improvedROA up on the prior year-40.1% → 4786.8%
- Earnings backed by cashOperating cash flow above net income-$4.15M vs $348.58M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.49 → 51.50
- No dilutionShare count did not rise2M → 25M
- Gross margin improvedGross margin up on the prior year22.99% → 5.09%
- More efficientAsset turnover rose0.40 → 0.84