Bitmine Immersion Technologies, Inc. income statement BMNP

Annual Quarterly

In Q3 of fiscal 2026, the quarter ended May 31, 2026, Bitmine Immersion Technologies, Inc. reported revenue of $46.5 million, up 2167.9% from the same quarter a year earlier. It recorded a net loss of $83.6 million. The operating loss came to $11.9 million, an operating margin of -25.5%. Diluted earnings per share were -$0.15.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM May 31, 2026	Q3 FY2026 May 31, 2026	Q2 FY2026 Feb 28, 2026	Q1 FY2026 Nov 30, 2025	Q3 FY2025 May 31, 2025	Q2 FY2025 Feb 28, 2025	Q1 FY2025 Nov 30, 2024	Q4 FY2024 Aug 31, 2024	Q3 FY2024 May 31, 2024
Revenue	61 +1022.4%	47 +2167.9%	11 +627.6%	2 +91.0%	2 +67.5%	2 +70.2%	1 +134.9%	1 +178.2%	1 +761.9%
Cost of revenue	—	6	1	1	—	—	—	—	—
Gross profit	—	41 +8213.6%	10 +3055.4%	1 +955.7%	0 +121.4%	0 -5.8%	0 +15.5%	0 +2.5%	0 +217.9%
Selling, general and administrative	347 +7087.8%	37 +4909.4%	75 +7678.8%	223 +23198.9%	1 +1459.3%	1 +1280.6%	1 +1302.1%	2 +1181.7%	0 -74.0%
Operating income	-8,876 -303251.4%	-12 -2435.3%	-3,841 -420555.2%	-5,470 -618711.3%	-0 +12.4%	-1 -40.7%	-1 -44.5%	-1 +41.1%	-1 -4.9%
Pretax income	—	-84	-3,818	-5,296	—	—	—	—	—
Income tax	—	0	0	-92	—	—	—	—	—
Net income	—	-84	—	—	—	—	—	—	—
Basic EPS	-24.76	-0.15 +51.6%	-8.40 -1348.3%	-15.98 -862.7%	-0.31 -19.2%	-0.58 -2800.0%	-1.66 -8200.0%	—	-0.26 -2500.0%
Diluted EPS	-24.74	-0.15 +51.6%	-8.40 -1348.3%	-15.98 -862.7%	-0.31 -19.2%	-0.58 -2800.0%	-1.66 -8200.0%	—	-0.26 -2500.0%
Weighted average shares, basic	354 +15549.2%	552 +27404.1%	455 +22821.5%	326 +13634.8%	2 -19.5%	2 -96.0%	2 -95.2%	2 -95.0%	2 -94.9%
Weighted average shares, diluted	355 +15565.9%	552 +27404.1%	455 +22821.5%	326 +13634.8%	2 -19.5%	2 -96.0%	2 -95.2%	2 -95.0%	2 -94.9%
Other measures
Depreciation and amortization	1 +9.6%	0 +111.9%	0 -45.6%	0 -5.3%	0 -20.3%	0 -3.1%	0 -41.1%	0 +35.7%	0 +54.2%
EBITDA	-8,875 -413169.1%	-11 -3897.0%	-3,840 -560550.8%	-5,470 -726349.9%	-0 +6.7%	-1 -65.7%	-1 -93.4%	-0 +55.5%	-0 +15.1%
Interest coverage	—	—	—	-27,351.46x	—	—	—	—	-9.45x
Margins
Gross margin	—	87.70%	87.08%	55.34%	23.92%	20.08%	10.01%	16.36%	18.10%
Operating margin	-14,504.50%	-25.50%	-34,784.73%	-238,564.85%	-22.81%	-60.17%	-73.62%	-96.86%	-43.64%
Pretax margin	—	-179.64%	-34,583.94%	-230,980.81%	—	—	—	—	—
Profit margin	—	-179.64%	—	—	—	—	—	—	—
EBITDA margin	-14,503.11%	-24.67%	-34,783.61%	-238,559.44%	-14.00%	-45.14%	-62.71%	-61.77%	-25.13%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Finance Services (SIC 6199)
Listed as: BMNR (NYSE), BMNP (NYSE)
Fiscal year ends: August 31
Incorporated in: DE
Headquarters: Norwalk, CT
SEC filer status: , Emerging growth company
SEC CIK: 1829311
Former names: Sandy Springs Holdings, Inc. (until Jul 27, 2021)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.