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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Bitmine Immersion Technologies, Inc. (BMNR) Quarterly Financial Ratios

Last 21 quarters of trend data · Financial Services · Financial - Capital Markets

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →1.42—0.81———249.14——————
——-99.7%——————————
P/S Ratio1272.3388.52201.78316.64158.88315.47912.08483.10826.391264.593073.778163.625734.87
—-71.9%-77.9%-34.5%-80.8%-75.1%-70.3%-94.1%-85.6%-82.5%-77.8%-93.0%+17.9%
P/B Ratio0.050.070.12903.02338.00397.79609.03513.13591.61461.27482.08711.72530.36
—-100.0%-100.0%+76.0%-42.9%-13.8%+26.3%-27.9%+11.6%+9.8%+4.1%-89.5%-93.5%
P/FCF———387.65——2851.76———2333.81——
——————+22.2%——————
EV / EBITDA16.28—0.31——————————
—————————————
EV / EBIT16.30—0.31——————————
—————————————

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Bitmine Immersion Technologies, Inc.'s operating margin was -9688.9% in Q1 2026, down 43388.0 pp QoQ and down 9615.3 pp YoY. The trailing four-quarter average of 5981.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 452.9% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin5.1%55.3%-45.7%23.9%20.1%10.0%16.4%18.1%36.3%20.4%44.4%49.1%38.8%
—+452.9%-379.5%+32.2%-44.7%-50.8%-63.1%-63.1%-6.6%+223.5%+116.8%+109.8%+15.8%
Operating Margin7288.1%-9688.9%33699.1%-22.8%-60.2%-73.6%-96.8%-43.6%-72.8%-119.7%-450.1%-358.5%-185.1%
—-13061.2%+34919.6%+47.7%+17.3%+38.5%+78.5%+87.8%+60.7%+75.3%+53.5%+85.6%-1559.3%
Net Margin5719.1%-226955.7%26517.7%-30.4%-76.2%-81.2%-119.3%-53.4%-101.2%-181.9%-474.0%-368.5%-196.9%
—-279498.5%+22335.3%+43.2%+24.7%+55.4%+74.8%+85.5%+48.6%+60.7%+58.0%+87.5%-513.5%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE8.0%-52.2%8.1%-21.7%-34.7%-24.7%-18.7%-13.6%-17.0%-15.7%-18.2%-7.9%-4.5%
—-111.4%+143.2%-59.4%-103.7%-57.5%-2.8%-72.8%-281.6%-140.0%-11.5%+84.0%+79.4%
ROA7.9%-51.3%8.0%-7.9%-15.0%-12.8%-10.5%-8.2%-11.0%-11.1%-14.0%-6.3%-3.8%
—-300.6%+175.8%+3.3%-36.4%-15.6%+24.7%-29.2%-192.1%-90.5%-14.1%+58.8%+16.3%
ROIC7.7%-1.7%7.7%-6.9%-11.3%-10.6%-8.3%-6.2%-6.8%-6.0%-10.8%-5.0%-2.9%
—+84.3%+192.9%-11.4%-65.9%-76.0%+23.0%-24.6%-134.4%-21.4%-25.3%+53.8%-131.6%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

The current ratio has improved 1849.7% YoY to 6.48x, strengthening the short-term liquidity position.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity———0.650.900.770.400.350.350.360.210.200.12
———+85.0%+160.1%+114.2%+91.3%+76.7%+191.2%+531.2%—-88.0%-94.8%
Debt / EBITDA—————————————
—————————————
Current Ratio51.506.4851.500.410.250.330.490.720.660.750.560.680.82
—+1849.7%+10329.8%-43.6%-62.0%-55.8%-12.5%+6.7%-20.2%-44.6%-79.8%+113.0%+61.2%
Quick Ratio51.506.4851.500.410.250.330.490.720.660.750.560.680.82
—+1849.7%+10329.8%-43.6%-62.0%-55.8%-12.5%+6.7%-20.2%-44.6%-79.8%+113.0%+61.2%
Interest Coverage1813.11-1110.8410100.82-6.51-15.10-12.92-11.33-9.45-11.95-6.15-26.40-17.80-13.01
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 21 years · Updated daily

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Frequently Asked Questions

What is Bitmine Immersion Technologies, Inc.'s quarterly P/E ratio trend?

Bitmine Immersion Technologies, Inc.'s current P/E is 1.4x. The average P/E over the last 1 quarters is 0.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Bitmine Immersion Technologies, Inc.'s margins change by quarter?

Bitmine Immersion Technologies, Inc.'s current operating margin is 7288.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at BMNR quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bitmine Immersion Technologies, Inc.'s business trajectory between earnings reports.

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