Filing Flows › Bitmine Immersion Technologies (BMNR) › Q3 FY26 › vs Q2 FY26
Bitmine Immersion Technologies (BMNR) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Bitmine Immersion Technologies's revenue rose $35.5M (+321%) from $11.0M in Q2 FY26 to $46.5M in Q3 FY26.
Bitmine Immersion Technologies, Q3 FY26: revenue $46.5M (23× year over year), operating margin -25.5%, net loss $83.6M, operating cash flow $29.0M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 62.3% | -799.2% | +861.5 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $46.5M | $11.0M | $35.5M | +321% |
| Net loss | $83.6M | $3.8B | −$3.7B | -98% |
| Costs & expenses | $130M | $3.9B | −$3.7B | -97% |
| Operating costs | $58.4M | $3.9B | −$3.8B | -98% |
| Interest & other, net | $71.7M | −$22.2M | $93.9M | — |
| Cost of revenue | $5.7M | $1.4M | $4.3M | +302% |
| General & admin | $37.3M | $75.0M | −$37.7M | -50% |
| Other operating costs | $15.4M | $3.8B | −$3.8B | -100% |
| Operating cash sources | $113M | $3.7B | −$3.6B | -97% |
| Depreciation & amortization | $702K | $124K | $578K | +466% |
| Share-based compensation | $13.3M | $24.4M | −$11.2M | -46% |
| Working capital & other | $98.6M | $3.7B | −$3.6B | -97% |
| Net loss absorbed | $83.6M | $3.8B | −$3.7B | -98% |
| Operating cash flow | $29.0M | −$88.2M | $117M | — |
| Free cash flow (OCF − capex) | $29.0M | −$88.2M | $117M | — |
| Capital expenditures | $30K | $0 | $30K | — |
Questions
How much did Bitmine Immersion Technologies's revenue grow quarter over quarter in Q3 FY26?
Bitmine Immersion Technologies's revenue rose $35.5M (+321%) from $11.0M in Q2 FY26 to $46.5M in Q3 FY26.