Growth Metrics

Bitmine Immersion Technologies (BMNR) Operating Expenses (2020 - 2026)

Bitmine Immersion Technologies posted quarterly Operating Expenses of $3.9 billion for Q1 2026, up 388808.79% year-on-year from N/an in Q1 2025, and down 29.63% on a QoQ basis from $5.5 billion in Q4 2025.

Bitmine Immersion Technologies (BMNR) has 7 years of Operating Expenses data on file, last reported at $3.9 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 388808.79% year-over-year to $3.9 billion; the trailing twelve-month figure through Feb 2026 stood at $8.9 billion (up 359408.74% YoY), and the FY2025 full-year result was -$443.9 million, down 19526.74% from the prior year.
  • Operating Expenses for Q1 2026 stood at $3.9 billion, down from $5.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.5 billion in Q4 2025 and bottomed at -$447.1 million in Q3 2025.
  • The 5-year median for Operating Expenses is $715962.0 (2023), against an average of $522.5 million.
  • Peak annual rise in Operating Expenses reached 625936.73% in 2025, while the deepest fall reached 295196.85% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $475136.0 in 2022, then soared by 50.69% to $715962.0 in 2023, then grew by 22.07% to $874000.0 in 2024, then surged by 625936.73% to $5.5 billion in 2025, then retreated by 29.63% to $3.9 billion in 2026.
  • The last three Operating Expenses figures came in at $3.9 billion (Q1 2026), $5.5 billion (Q4 2025), and -$447.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 Bitmine Immersion Technologies 8.57 Bn 7.69 Bn 9.62 Mn 3.85 Bn

Historic Data

Download Data 🔒
DateValue
Feb 28, 2026 3.85 Bn
Nov 30, 2025 5.47 Bn
Aug 31, 2025 -447.08 Mn
May 31, 2025 958,824.00
Feb 28, 2025 990,000.00
Nov 30, 2024 874,000.00
Aug 31, 2024 -151,401.00
May 31, 2024 756,224.00
Feb 29, 2024 972,362.00
Nov 30, 2023 715,962.00
Aug 31, 2023 1.23 Mn
May 31, 2023 579,248.00
Feb 28, 2023 349,580.00
Nov 30, 2022 475,136.00
Aug 31, 2022 435,035.00
May 31, 2022 329,964.00
Feb 28, 2022 156,114.00
Nov 30, 2021 664,043.00
Aug 31, 2021 95,201.00
May 31, 2021 13,555.00
Feb 28, 2021 5,849.00
Nov 30, 2020 17,210.00