Financial health
- Operating income covered interest expense 1813× in the latest year.
BMNR Financials Bitmine Immersion Technologies, Inc.
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $6M | $349M | 5.1% | 7288.1% | 4.0% | 4.0% | -$5M | — | $512M |
| 2024 | $3M | -$3M | 23.0% | -74.0% | -80.6% | -45.2% | -$106000 | — | $499000 |
| 2023 | — | -$2M | — | — | -39.4% | -30.0% | -$1M | — | $270547 |
| 2022 | $427669 | -$2M | -30.2% | -400.8% | -27.1% | -25.1% | -$4M | — | $392550 |
| 2021 | $0 | -$154239 | — | — | -42.8% | -23.9% | -$503657 | — | $218737 |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| May '26 | $47M | -$84M | 87.7% | -25.5% | -0.7% | -0.7% | $29M | — | $340M |
| Feb '26 | $11M | — | 87.1% | -34784.7% | 0.0% | 0.0% | -$88M | — | $880M |
| Nov '25 | $2M | — | 55.3% | -238564.8% | 0.0% | 0.0% | -$229M | — | $888M |
| May '25 | $2M | -$623000 | 23.9% | -22.8% | -21.6% | -7.5% | $2M | — | $1M |
| Feb '25 | $2M | — | 20.1% | -60.2% | 0.0% | 0.0% | -$215000 | — | $482951 |
| Nov '24 | $1M | — | 10.0% | -73.6% | 0.0% | 0.0% | -$114000 | — | $797310 |
| May '22 | — | -$486912 | — | — | -42.7% | -14.3% | -$1M | — | $499912 |
| Feb '22 | — | -$112127 | — | — | -13.5% | -3.8% | -$112668 | — | $901216 |
| Nov '21 | — | -$708756 | — | — | -351.2% | -34.6% | -$2M | — | $142071 |
| May '21 | — | -$19941 | — | — | 19.9% | -575.3% | -$13555 | — | $3466 |
| Feb '21 | — | -$10368 | — | — | 12.7% | -361.1% | -$5849 | — | $2871 |
| Nov '20 | — | -$20976 | — | — | 29.5% | — | -$17210 | — | $3720 |
| Aug '20 | — | -$1558 | — | — | 3.1% | -80.7% | $0 | — | $1930 |
Valuation over time
How the market has priced BMNR against its own fundamentals since 2025-06 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 89.8× (Sep '25) to 45.3× (Sep '26).
- The price-to-sales ratio has fallen from 8676.6× (Jun '25) to 2593.0× (Sep '26).
P/E
P/S
Frequently asked questions
Is BMNR growing its revenue and profit?
See the revenue and net-income charts above for Bitmine Immersion Technologies, Inc.'s multi-year trend.
How much debt does BMNR have?
As of FY2025, Bitmine Immersion Technologies, Inc. reported — of total debt against $512M of cash; operating income covered interest expense 1813×.
What is BMNR's profit margin?
In FY2025, gross margin was 5.1%, operating margin 7288.1%, and net margin 5719.1%.
What is BMNR's P/E ratio?
As of Sep '26, Bitmine Immersion Technologies, Inc. traded at a price-to-earnings ratio of about 45.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.