Filing Flows › Bitmine Immersion Technologies (BMNR) › Q3 FY25
Bitmine Immersion Technologies (BMNR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 2, 2025
Bitmine Immersion Technologies (BMNR) reported revenue of $2.1M for the third quarter fiscal 2025 (Q3 FY25), +67% from a year earlier and +35% from the quarter before. Operating margin was -22.8%, net loss $623K (30.4% of revenue).
Bitmine Immersion Technologies, Q3 FY25: revenue $2.1M (+68% year over year), operating margin -22.8%, net loss $623K, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | +35% | +67% |
| Operating profit | −$468K | — | — |
| Net earnings | −$623K | — | — |
| Operating cash flow | $1.7M | — | — |
What changed
Revenue was $2.1M in Q3 FY25, up 67% year over year and up 35% from the previous quarter.
Gross margin was 23.9%, up 5.8 points from a year earlier. Operating costs exceeded revenue by $468K, an operating margin of -22.8%. Operating expenses grew 27% against revenue growth of 67%. The fastest-growing cost line was Other operating costs (+31%). The quarter ended with a net loss of $623K, narrower than the previous quarter's $1.2M loss.
Operating cash flow was $1.7M. Non-cash charges added back $181K of depreciation and $647K of share-based compensation. Working capital and other items added $1.5M.
Questions
What was Bitmine Immersion Technologies' revenue in the third quarter fiscal 2025?
Bitmine Immersion Technologies (BMNR) reported revenue of $2.1M for the third quarter fiscal 2025 (Q3 FY25), +67% from a year earlier and +35% from the quarter before.
Was Bitmine Immersion Technologies profitable in the third quarter fiscal 2025?
Operating loss was $468K (-22.8% of revenue) and net loss $623K.