Bitmine Immersion Technologies (BMNR) Gross Margin (2022 - 2026)
Bitmine Immersion Technologies' Gross Margin was 87.70% in fiscal Q3 2026 (quarter ended May 31, 2026), up 63.77 percentage points from 23.92% a year earlier and up 0.61 percentage points from the prior quarter.
Bitmine Immersion Technologies (BMNR) Gross Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Bitmine Immersion Technologies' Gross Margin was 84.36% through May 31, 2026, up 65.52 percentage points year-over-year; for FY2025 (ended Aug 31, 2025), it came in at 5.09%, down 17.91 percentage points from FY2024.
- Gross Margin shows a three-year change of +35.26 percentage points (FY2022 to FY2025).
- In earlier fiscal years, Gross Margin was 22.99% in FY2024 (-11.48 pp), 34.48% in FY2023 (+64.65 pp) and -30.17% in FY2022.
- The fiscal Q3 2026 figure marks the highest quarterly Gross Margin in data going back to fiscal Q2 2022.
- Compared with a year earlier, Gross Margin has increased for three straight quarters, with an average year-over-year change of +13.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q3 2023 (a gain of 550.93 percentage points); the worst was fiscal Q3 2024 (a drop of 30.97 percentage points).
- Per Business Quant data, BMNR's Gross Margin in the three fiscal quarters before Q3 2026 was 87.08% (Q2 2026), 55.34% (Q1 2026) and -5.06% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.16 Bn | 7.39 Bn | - | - |
| 2 | Coinbase Global | 47.93 Bn | 4.73 Bn | - | - |
| 3 | Block | 45.92 Bn | 17.22 Bn | 3.17 Bn | 47.84% |
| 4 | Corpay | 26.37 Bn | 16.26 Bn | - | - |
| 5 | Fiserv | 24.71 Bn | 21.39 Bn | 2.90 Bn | 54.74% |
| 6 | Global Payments | 22.16 Bn | -54.36 Mn | 2.03 Bn | 61.04% |
| 7 | Guidewire Software | 13.84 Bn | 10.41 Bn | 269.68 Mn | 65.60% |
| 8 | Bitmine Immersion Technologies | 13.18 Bn | 10.56 Bn | 40.81 Mn | 87.70% |
| 9 | Chime Financial | 11.42 Bn | 7.21 Bn | 594.87 Mn | 88.82% |
| 10 | Jack Henry & Associates | 10.91 Bn | 10.81 Bn | 273.85 Mn | 42.52% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 87.70% |
| Feb 28, 2026 | 87.08% |
| Nov 30, 2025 | 55.34% |
| Aug 31, 2025 | -5.06% |
| 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% |
Bitmine Immersion Technologies Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BMNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BMNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BMNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();