BitMine Immersion Technologies (BMNR) financial statements
BitMine Immersion Technologies reported revenue of $6M in fiscal 2025, up 142.4% a year over 3 years.
Net income was $349M.
Free cash flow was -$5M.
The diluted share count rose 4925% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from BitMine Immersion Technologies's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $427,669 | $645,278 | $3M | $6M |
| Cost of revenue | $0 | $556,699 | — | $3M | $6M |
| Gross profit | $0 | -$129,030 | $222,469 | $761,027 | $310,000 |
| Selling, general and admin | $63,815 | $227,597 | $259,558 | $2M | $14M |
| Operating income | -$131,815 | -$2M | -$2M | -$2M | $444M |
| Interest expense | — | — | — | $269,000 | $245,000 |
| Pre-tax income | — | — | — | -$3M | $441M |
| Income tax | — | — | — | — | $92M |
| Net income | -$154,239 | -$2M | -$2M | -$3M | $349M |
| EPS (diluted) | -$0.40 | -$1.00 | -$1.00 | -$1.32 | $13.39 |
| Diluted shares | 0M | 2M | 2M | 2M | 25M |
| Gross margin | — | -30.2% | 34.5% | 23.0% | 5.1% |
| Operating margin | — | -400.8% | -374.0% | -74.0% | 7288.1% |
| Net margin | — | -468.9% | -382.0% | -99.5% | 5719.1% |
Balance sheet
Fiscal years, from BitMine Immersion Technologies's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $218,737 | $392,550 | $270,547 | $499,000 | $512M |
| Receivables | $0 | $491,395 | — | $374,444 | — |
| Total current assets | $218,737 | $888,945 | $879,460 | $2M | $513M |
| Property, plant and equipment | $427,296 | $7M | $5M | $5M | $516,000 |
| Goodwill | — | — | — | — | $0 |
| Total assets | $646,033 | $8M | $8M | $7M | $8.8B |
| Total current liabilities | $285,481 | $317,674 | $2M | $3M | $10M |
| Total liabilities | $285,481 | $569,995 | $2M | $3M | $102M |
| Shareholders' equity | $360,551 | $7M | $6M | $4M | $8.7B |
| Net debt | -$218,737 | -$392,550 | -$270,547 | -$499,000 | -$512M |
Cash flow
Fiscal years, from BitMine Immersion Technologies's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$76,361 | -$2M | -$809,715 | -$30,000 | -$4M |
| Capital spending | $427,296 | $3M | $612,288 | $76,000 | $1M |
| Free cash flow | -$503,657 | -$4M | -$1M | -$106,000 | -$5M |
| Stock-based compensation | $71,250 | $856,724 | $1M | $1M | $2M |
| Free cash flow margin | — | -1028.0% | -220.4% | -3.2% | -85.5% |
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Open BMNR in InvestinglyQuestions
What was BitMine Immersion Technologies's revenue in 2025?
$6M in fiscal 2025, from its 10-K filing.
How much free cash flow does BitMine Immersion Technologies generate?
-$5M in fiscal 2025 (operating cash flow minus capital spending).
From BitMine Immersion Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.