Filing Flows › Bitmine Immersion Technologies (BMNR) › Q3 FY26
Bitmine Immersion Technologies (BMNR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 14, 2026
Bitmine Immersion Technologies (BMNR) reported revenue of $46.5M for the third quarter fiscal 2026 (Q3 FY26), up 23-fold from a year earlier and +321% from the quarter before. Operating margin was -25.5%, net loss $83.6M (179.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.5M | +321% | 23× |
| Operating profit | −$11.9M | — | — |
| Net earnings | −$83.6M | — | — |
| Operating cash flow | $29.0M | — | 17× |
| Free cash flow | $29.0M | — | 17× |
What changed
Revenue was $46.5M in Q3 FY26, up 2168% year over year and up 321% from the previous quarter. Staking and validation was the largest line at 98% of revenue. Consulting added $133K year over year (up 380%), 0% of the total change. Self mining declined 23%.
Operating costs exceeded revenue by $11.9M, an operating margin of -25.5%. The fastest-growing cost line was Other operating costs (+7069%). The quarter ended with a net loss of $83.6M, narrower than the previous quarter's $3,818.4M loss. Net interest and other expense of $71.7M was the main reason.
Operating cash flow was $29.0M (up 1630% year over year). Non-cash charges added back $702K of depreciation and amortization and $13.3M of share-based compensation. Working capital and other items added $98.6M. Capital expenditures of $30K left free cash flow of $29.0M.
Questions
What was Bitmine Immersion Technologies' revenue in the third quarter fiscal 2026?
Bitmine Immersion Technologies (BMNR) reported revenue of $46.5M for the third quarter fiscal 2026 (Q3 FY26), up 23-fold from a year earlier and +321% from the quarter before.
Was Bitmine Immersion Technologies profitable in the third quarter fiscal 2026?
Operating loss was $11.9M (-25.5% of revenue) and net loss $83.6M.