Bitmine Immersion Techs Inc Financials
This page shows Bitmine Immersion Techs Inc (BMNP) 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, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Bitmine Immersion Techs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bitmine Immersion Techs 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 Techs 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 Techs 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.
While Bitmine Immersion Techs 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 Techs Inc generates a 4.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -80.6% the prior year.
Bitmine Immersion Techs 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 Techs 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 Techs 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 Techs Inc generated $6K in revenue in fiscal year 2025. This represents a decrease of 99.8% from the prior year.
Bitmine Immersion Techs 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 Techs Inc reported $349K in net income in fiscal year 2025. This represents an increase of 110.6% from the prior year.
Bitmine Immersion Techs 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 Techs 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 Techs Inc held $512K in cash against $0 in long-term debt as of fiscal year 2025.
Bitmine Immersion Techs Inc had 232M shares outstanding in fiscal year 2025. This represents an increase of 9311015.2% from the prior year.
Margins & Returns
Bitmine Immersion Techs 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 Techs 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 Techs 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 Techs 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 Techs 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.
BMNP Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0M+381.5% | $2.3M | N/A | $2K+35.2% | $2K+26.4% | $1K-99.8% | $682K-44.3% | $1.2M |
| Cost of Revenue | $1.4M+39.3% | $1.0M | N/A | N/A | $1K+18.9% | $1K | N/A | N/A |
| Gross Profit | $9.6M+657.7% | $1.3M | N/A | $491+61.1% | $305+3096.2% | -$10-100.0% | $112K-49.6% | $222K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $75.0M-66.4% | $223.4M | N/A | $33-96.6% | $964+0.5% | $959-100.0% | $2.1M+4286.6% | $48K |
| Operating Income | -$3.8B+29.8% | -$5.5B | N/A | -$468+48.7% | -$913-3.3% | -$884+99.9% | -$653K-22.1% | -$535K |
| Interest Expense | -$4.8M-2508.5% | $200K | N/A | N/A | $60-11.8% | $68 | N/A | $57K |
| Income Tax | N/A | -$92.3M | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$3.8B+26.6% | -$5.2B | N/A | -$623+46.1% | -$1K-18.7% | -$974+99.9% | -$814K-24.5% | -$654K |
| EPS (Diluted) | $-8.40+47.4% | $-15.98 | N/A | $-0.31 | $-0.58+65.1% | $-1.66 | N/A | $-0.26 |
BMNP Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.9B-13.9% | $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 |
| Current Assets | $885.9M-0.4% | $889.0M+73.3% | $513.0M+23566275.4% | $2K+89.5% | $1K-15.2% | $1K-99.9% | $1.5M-33.8% | $2.3M |
| Cash & Equivalents | $879.6M-0.9% | $887.7M+73.4% | $512.0M+34747009.1% | $1K+205.1% | $483-39.4% | $797-99.8% | $499K+77.6% | $281K |
| 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 | $36.2M-84.7% | $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 |
| Current Liabilities | $16.3M-88.1% | $137.1M+1276.6% | $10.0M+186520.1% | $5K+16.1% | $5K+12.8% | $4K-99.9% | $3.1M-3.1% | $3.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $9.9B-12.4% | $11.3B+29.4% | $8.7B+302047499.1% | $3K+0.9% | $3K-25.1% | $4K-99.9% | $4.1M-11.4% | $4.6M |
| Retained Earnings | -$8.7B-78.5% | -$4.9B-1542.4% | $337.4M+2420604.9% | -$14K-4.7% | -$13K-9.5% | -$12K+99.9% | -$8.2M-11.0% | -$7.4M |
BMNP Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$88.2M+61.4% | -$228.4M-4040.7% | -$5.5M-328979.1% | $2K+879.9% | -$215-124.0% | -$96-100.0% | $217K+608.1% | -$43K |
| Capital Expenditures | $0-100.0% | $376K-64.1% | $1.0M | $0 | $0-100.0% | $18-72.7% | $66-99.6% | $19K |
| Free Cash Flow | -$88.2M+61.4% | -$228.7M-3385.8% | -$6.6M-391416.9% | $2K+879.9% | -$215-88.6% | -$114-100.1% | $217K+454.0% | -$61K |
| Investing Cash Flow | -$2.3B+68.7% | -$7.4B+0.1% | -$7.4B | $0 | $0+100.0% | -$18-103.4% | $526+102.8% | -$19K |
| Financing Cash Flow | $2.4B-70.1% | $8.0B+1.0% | $7.9B+1159218846.5% | -$686-585.6% | -$100-124.3% | $412 | $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 |
BMNP Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.1%+31.7pp | 55.3% | N/A | 23.9%+3.8pp | 20.1%+20.9pp | -0.8%-17.2pp | 16.4%-1.7pp | 18.1% |
| Operating Margin | -34784.7%+203780.1pp | -238564.8% | N/A | -22.8%+37.4pp | -60.2%+13.4pp | -73.6%+22.0pp | -95.7%-52.0pp | -43.6% |
| Net Margin | -34583.9%+192371.8pp | -226955.7% | N/A | -30.3%+45.8pp | -76.2%+4.9pp | -81.1%+38.2pp | -119.3%-65.9pp | -53.4% |
| Return on Equity | -38.7%+7.5pp | -46.3% | N/A | -21.6%+18.9pp | -40.5%-14.9pp | -25.6%-5.6pp | -19.9%-5.8pp | -14.2% |
| Return on Assets | -38.6%+6.7pp | -45.3% | N/A | -0.0%+0.0pp | -0.0%-0.0pp | -0.0%+11.2pp | -11.2%-3.2pp | -8.0% |
| Current Ratio | 54.19+47.7 | 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 |
| Debt-to-Equity | 0.00-0.0 | 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 |
| FCF Margin | -799.2%+9176.0pp | -9975.2% | N/A | 81.7%+95.9pp | -14.2%-4.7pp | -9.5%-41.3pp | 31.8%+36.8pp | -5.0% |
Frequently Asked Questions
What is Bitmine Immersion Techs Inc's annual revenue?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's revenue growing?
Bitmine Immersion Techs Inc (BMNP) revenue declined by 99.8% year-over-year, from $3.3M to $6K in fiscal year 2025.
Is Bitmine Immersion Techs Inc profitable?
Yes, Bitmine Immersion Techs Inc (BMNP) reported a net income of $349K in fiscal year 2025, with a net profit margin of 5719.1%.
What is Bitmine Immersion Techs Inc's EBITDA?
Bitmine Immersion Techs Inc (BMNP) had EBITDA of $445K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Bitmine Immersion Techs Inc's gross margin?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's operating margin?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's net profit margin?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's return on equity (ROE)?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's free cash flow?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's operating cash flow?
Bitmine Immersion Techs Inc (BMNP) generated -$4K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bitmine Immersion Techs Inc's total assets?
Bitmine Immersion Techs Inc (BMNP) had $8.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bitmine Immersion Techs Inc's capital expenditures?
Bitmine Immersion Techs Inc (BMNP) invested $1K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bitmine Immersion Techs Inc's debt-to-equity ratio?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's return on assets (ROA)?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's cash runway?
Based on fiscal year 2025 data, Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc's Piotroski F-Score?
Bitmine Immersion Techs Inc (BMNP) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bitmine Immersion Techs Inc's earnings high quality?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc cover its interest payments?
Bitmine Immersion Techs Inc (BMNP) 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 Techs Inc?
Bitmine Immersion Techs Inc (BMNP) scores 34 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.