Bitmine Immersion Technologies (BMNR) Gross Margin (2022 - 2026)
Bitmine Immersion Technologies posted quarterly Gross Margin of 87.08% for Q1 2026, up 6700.0% year-on-year from 1.28% in Q1 2025, and up 57.36% on a QoQ basis from 55.34% in Q4 2025.
Bitmine Immersion Technologies (BMNR) has 5 years of Gross Margin data on file, last reported at 87.08% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 6700.0% year-over-year to 87.08%; the trailing twelve-month figure through Feb 2026 stood at 41.88% (up 2548.0% YoY), and the FY2025 full-year result was 5.09%, down 1791.0% from the prior year.
- Gross Margin for Q1 2026 stood at 87.08%, up from 55.34% in the prior quarter.
- Across five years, Gross Margin topped out at 87.08% in Q1 2026 and bottomed at 501.87% in Q2 2022.
- The 5-year median for Gross Margin is 20.36% (2023), against an average of 38.77%.
- The widest annual swing landed in 2023, when Gross Margin surged 55093 bps; it then plunged 34674 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 16.48% in 2022, then soared by 224 bps to 20.36% in 2023, then sank by 51 bps to 10.01% in 2024, then jumped by 453 bps to 55.34% in 2025, then surged by 57 bps to 87.08% in 2026.
- The last three Gross Margin figures came in at 87.08% (Q1 2026), 55.34% (Q4 2025), and 330.37% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Bitmine Immersion Technologies | 8.57 Bn | 7.69 Bn | 9.62 Mn | 87.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 87.08% |
| Nov 30, 2025 | 55.34% |
| Aug 31, 2025 | -330.37% |
| May 31, 2025 | 23.92% |
| Feb 28, 2025 | 20.09% |
| Nov 30, 2024 | 10.01% |
| Aug 31, 2024 | 16.37% |
| May 31, 2024 | 18.10% |
| Feb 29, 2024 | 36.30% |
| Nov 30, 2023 | 20.36% |
| Aug 31, 2023 | 44.37% |
| May 31, 2023 | 49.06% |
| Feb 28, 2023 | 38.84% |
| Nov 30, 2022 | -16.48% |
| Aug 31, 2022 | -263.69% |
| May 31, 2022 | -501.87% |
| Feb 28, 2022 | 33.54% |