What is Bitmine Immersion Techs Inc's earnings per share (EPS)?

Bitmine Immersion Techs Inc (BMNP) reported diluted earnings per share of $0.01 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bitmine Immersion Techs Inc Financials

BMNP

FY2025 annual

Revenue $6K -99.8% YoY

Net Income $349K +110.6% YoY

EPS (Diluted) $0.01 YoY not available

Free Cash Flow -$5K +95.1% YoY

Source SEC Filings (10-K/10-Q) Data as of May 31, 2026 Currency USD FYE August

Bitmine Immersion Techs Inc (BMNP) reported $6K in revenue for fiscal year 2025, down 99.8% from the prior fiscal year. This page shows its 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).

Rhea AI BMNP FY2025 2026-07-14

FY2025 looks less like an operating business and more like a balance-sheet funded asset build.

Despite reporting net income of $349K in FY2025, operating cash flow was still -$4K, so the reported profit did not come from a cash-generating core business. With financing inflow of $7.9M almost offset by investing outflow of -$7.4M, the year reads as a recapitalization and deployment cycle rather than normal sales-driven expansion.

The sharp free-cash-flow improvement from -$4.4M in FY2022 to -$106K in FY2024 can look like a turnaround at first glance. But operating cash flow remained negative throughout that stretch, so the relief came mostly from a lighter capital spending burden, not from the business consistently funding itself.

FY2025 also left the company with a very equity-heavy balance sheet: liabilities were just $102K versus equity of $8.7M. That reduces lender dependence, but it also highlights how much larger the asset base is than the current revenue stream, meaning capital has been assembled faster than operating throughput.

Financial Health Signals

Financial health score not available

Bitmine Immersion Techs Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/7

Bitmine Immersion Techs Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

$0.01used

For every $1 of reported earnings, Bitmine Immersion Techs Inc used $0.01 of operating cash (-$4K OCF vs $349K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage Safe

1,813.11x

Bitmine Immersion Techs Inc earns $1,813.11 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

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Earnings & Revenue

Revenue

$6K

YoY-99.8%

Bitmine Immersion Techs Inc generated $6K in revenue in fiscal year 2025. This represents a decrease of 99.8% from the prior year.

EBITDA

$445K

YoY+129.2%

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.

Net Income

$349K

YoY+110.6%

Bitmine Immersion Techs Inc reported $349K in net income in fiscal year 2025. This represents an increase of 110.6% from the prior year.

EPS (Diluted)

$0.01

Bitmine Immersion Techs Inc earned $0.01 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$5K

YoY+95.1%

Bitmine Immersion Techs Inc recorded an outflow of $5K in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 95.1% from the prior year.

Cash & Debt

$512K

YoY+2.6%

Bitmine Immersion Techs Inc held $512K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

232M

Bitmine Immersion Techs Inc had 232M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

5.1%

YoY+10.0pp

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.

Return on Equity

4.0%

YoY+84.6pp

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.

Operating Margin

Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures

$1K

YoY-98.6%

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.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

BMNP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BMNP annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	$6K-99.8%	$3.3M+413.0%	$645K+50.9%	$428K	$0
Cost of Revenue	N/A	$6K-99.8%	$3.5M	N/A	$557K	$0
Gross Profit	N/A	$310+100.2%	-$163K-173.1%	$222K+272.4%	-$129K	$0
SG&A Expenses	N/A	$14K-99.4%	$2.3M+4963.5%	$45K-80.2%	$228K+256.7%	$64K
Operating Income	N/A	$444K+118.1%	-$2.4M-1.4%	-$2.4M-40.8%	-$1.7M-1200.4%	-$132K
Interest Expense	N/A	$245-99.9%	$269K	N/A	N/A	N/A
Income Tax	N/A	$92K	N/A	N/A	N/A	N/A
Net Income	N/A	$349K+110.6%	-$3.3M-33.6%	-$2.5M-22.9%	-$2.0M-1200.1%	-$154K
EPS (Diluted)	—	$0.01	-$1.32	-$0.050.0%	-$0.05	-$0.02

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$46.5M+321.5%	$11.0M+381.5%	$2.3M	N/A	$2K+35.2%	$2K+26.4%	$1K-99.8%	$682K
Cost of Revenue	$5.7M+301.5%	$1.4M+39.3%	$1.0M	N/A	$2K+21.0%	$1K+18.9%	$1K	N/A
Gross Profit	$40.8M+324.4%	$9.6M+657.7%	$1.3M	N/A	$491+61.1%	$305+3096.2%	-$10-100.0%	$112K
SG&A Expenses	$37.3M-50.3%	$75.0M-66.4%	$223.4M	N/A	$744-22.8%	$964+0.5%	$959-100.0%	$2.1M
Operating Income	-$11.9M+99.7%	-$3.8B+29.8%	-$5.5B	N/A	-$468+48.7%	-$913-3.3%	-$884+99.9%	-$653K
Interest Expense	N/A	-$4.8M-2508.5%	$200K	N/A	N/A	$60-11.8%	$68	N/A
Income Tax	$0	N/A	-$92.3M	N/A	$0	N/A	N/A	N/A
Net Income	-$83.6M+97.8%	-$3.8B+26.6%	-$5.2B	N/A	-$623+46.1%	-$1K-18.7%	-$974+99.9%	-$814K
EPS (Diluted)	-$0.15+98.2%	-$8.40+47.4%	-$15.98	N/A	-$0.31	-$0.58	-$1.66	N/A

Not reported in any period shown, so not listed: R&D Expenses.

TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

BMNP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BMNP annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$8.8M+20.8%	$7.3M-11.2%	$8.2M+2.9%	$8.0M+1134.3%	$646K
Current Assets	$513K-66.8%	$1.5M+75.8%	$879K-1.1%	$889K+306.4%	$219K
Cash & Equivalents	$512K+2.6%	$499K+84.4%	$271K-31.1%	$393K+79.5%	$219K
Goodwill	$0	N/A	N/A	N/A	N/A
Total Liabilities	$102K-96.8%	$3.2M+64.3%	$1.9M+241.3%	$570K+99.7%	$285K
Current Liabilities	N/A	$3.1M+100.9%	$1.6M+390.6%	$318K+11.3%	$285K
Total Equity	$8.7M+112.7%	$4.1M-34.7%	$6.3M-15.5%	$7.4M+1953.6%	$361K
Retained Earnings	$337.4M+4202.5%	-$8.2M-66.8%	-$4.9M-99.9%	-$2.5M-434.7%	-$461K

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$11.6B+17.5%	$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
Current Assets	$445.3M-49.7%	$885.9M-0.4%	$889.0M+73.3%	$513.0M+23566275.4%	$2K+89.5%	$1K-15.2%	$1K-99.9%	$1.5M
Cash & Equivalents	$340.3M-61.3%	$879.6M-0.9%	$887.7M+73.4%	$512.0M+34747009.1%	$1K+205.1%	$483-39.4%	$797-99.8%	$499K
Goodwill	$15.0M	N/A	N/A	$0	N/A	N/A	N/A	N/A
Total Liabilities	$30.1M-16.7%	$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
Current Liabilities	$12.1M-25.8%	$16.3M-88.1%	$137.1M+1276.6%	$10.0M+186520.1%	$5K+16.1%	$5K+12.8%	$4K-99.9%	$3.1M
Total Equity	$11.6B+17.7%	$9.9B-12.4%	$11.3B+29.4%	$8.7B+302047499.1%	$3K+0.9%	$3K-25.1%	$4K-99.9%	$4.1M
Retained Earnings	-$8.8B-1.0%	-$8.7B-78.5%	-$4.9B-1542.4%	$337.4M+2420604.9%	-$14K-4.7%	-$13K-9.5%	-$12K+99.9%	-$8.2M

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.

BMNP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BMNP annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$293.1M	-$4K+86.2%	-$30K+96.3%	-$810K+50.3%	-$1.6M-2033.6%	-$76K
Capital Expenditures	$1.5M	$1K-98.6%	$76K-87.6%	$612K-77.9%	$2.8M+547.6%	$427K
Free Cash Flow	-$294.6M	-$5K+95.1%	-$106K+92.5%	-$1.4M+67.7%	-$4.4M-772.9%	-$504K
Investing Cash Flow	-$19.5B	-$7.4M-10992.6%	-$67K+89.1%	-$612K+77.9%	-$2.8M-547.6%	-$427K
Financing Cash Flow	$20.2B	$7.9M+2345.4%	$325K-75.0%	$1.3M-71.6%	$4.6M+534.4%	$720K

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$29.0M+132.9%	-$88.2M+61.4%	-$228.4M-4040.6%	-$5.5M-328961.1%	$2K+880.0%	-$215-124.0%	-$96-100.0%	$217K
Capital Expenditures	$30K	$0-100.0%	$376K-64.1%	$1.0M	$0	$0-100.0%	$18-72.7%	$66
Free Cash Flow	$29.0M+132.8%	-$88.2M+61.4%	-$228.7M-3385.7%	-$6.6M-391394.0%	$2K+880.0%	-$215-88.6%	-$114-100.1%	$217K
Investing Cash Flow	-$2.4B-1.7%	-$2.3B+68.7%	-$7.4B+0.1%	-$7.4B	$0	$0+100.0%	-$18-103.4%	$526
Financing Cash Flow	$1.8B-25.4%	$2.4B-70.1%	$8.0B+1.0%	$7.9B+1158605493.6%	-$686-586.0%	-$100-124.3%	$412	$0

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

BMNP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BMNP annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	5.1%+10.0pp	-4.9%-39.4pp	34.5%+64.7pp	-30.2%	N/A
Operating Margin	7288.1%	-74.0%	-374.0%	-400.8%	N/A
Net Margin	5719.1%	-99.5%	-382.0%	-468.9%	N/A
Return on Equity	4.0%+84.6pp	-80.6%-41.2pp	-39.4%-12.3pp	-27.1%+15.7pp	-42.8%
Return on Assets	4.0%+49.2pp	-45.2%-15.2pp	-30.0%-4.9pp	-25.1%-1.3pp	-23.9%
Current Ratio	N/A	0.49-0.1x	0.56-2.2x	2.80+2.0x	0.77
Debt-to-Equity	0.01-0.8x	0.78+0.5x	0.31+0.2x	0.08-0.7x	0.79
FCF Margin	-85.5%-82.3pp	-3.2%	-220.4%	-1028.0%	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	87.7%+0.6pp	87.1%+31.7pp	55.3%	N/A	23.9%+3.8pp	20.1%+20.9pp	-0.8%-17.2pp	16.4%
Operating Margin	-25.5%	-34784.7%	-238564.8%	N/A	-22.8%+37.4pp	-60.2%+13.4pp	-73.6%+22.0pp	-95.7%
Net Margin	-179.6%	-34583.9%	-226955.7%	N/A	-30.3%+45.8pp	-76.2%+4.9pp	-81.1%	-119.3%
Return on Equity	-0.7%+38.0pp	-38.7%+7.5pp	-46.3%	N/A	-21.6%+18.9pp	-40.5%-14.9pp	-25.6%-5.6pp	-19.9%
Return on Assets	-0.7%+37.9pp	-38.6%+6.7pp	-45.3%	N/A	0.0%0.0pp	0.0%0.0pp	0.0%+11.2pp	-11.2%
Current Ratio	36.68-17.5x	54.19+47.7x	6.48-45.0x	51.50+51.1x	0.41+0.2x	0.25-0.1x	0.33-0.2x	0.49
Debt-to-Equity	0.000.0x	0.000.0x	0.020.0x	0.01-1.9x	1.87+0.2x	1.63+0.5x	1.08+0.3x	0.78
FCF Margin	62.3%	-799.2%	-9975.2%	N/A	81.7%+95.9pp	-14.2%-4.7pp	-9.5%-41.3pp	31.8%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Where Bitmine Immersion Techs Inc Ranks

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.

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 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) recorded an outflow of $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) recorded an outflow of $4K in operating cash flow during fiscal year 2025, representing cash used by 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.

How many shares does Bitmine Immersion Techs Inc have outstanding?

Bitmine Immersion Techs Inc (BMNP) had 232M shares outstanding as of fiscal year 2025.

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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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?

For every $1 of reported earnings, Bitmine Immersion Techs Inc (BMNP) used $0.01 of operating cash (-$4K OCF vs $349K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 1,813.11x, 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.