Bitmine Immersion Technologies, Inc. stock research
FY2026 Q2
Bitmine Immersion Technologies (BMNR) Gross Margin — Quarter Ended Feb 28, 2026
Revenue and gross profit both increased substantially compared to the prior quarter and the same quarter last year, while cost of revenue remained relatively stable. As a result, gross margin improved significantly from both comparison periods.
Gross margin takeaway
Quarter ended Feb 28, 2026 · FY2026 Q2
Revenue and gross profit both increased substantially compared to the prior quarter and the same quarter last year, while cost of revenue remained relatively stable. As a result, gross margin improved significantly from both comparison periods.
- The strongest observable margin driver is the combination of higher revenue and relatively stable cost of revenue, which directly expanded gross profit and gross margin.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was slightly higher, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was stable, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
87.1%
Gross profit
$9.6M
Revenue
$11.0M
Cost of revenue
$1.4M
Quarter-over-quarter change
+31.7 pts
Year-over-year change
+67.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| May 31, 2025 | $2.1M | $490872 | $1.7M | 23.9% |
| Aug 31, 2025 | $1.3M | -$67000 | $1.4M | -5.1% |
| Nov 30, 2025 | $2.3M | $1.3M | $1.0M | 55.3% |
| Feb 28, 2026 | $11.0M | $9.6M | $1.4M | 87.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 30, 2025
+31.7 pts
Year-over-year change
Feb 28, 2025
+67.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the combination of higher revenue and relatively stable cost of revenue, which directly expanded gross profit and gross margin.
Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was slightly higher, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was stable, and gross margin improved.
Monitor whether cost of revenue remains stable as revenue continues to change, as this has been a key factor in margin improvement.