BMNR among the 32 companies we cover
BMNR and 9 peers, year by year
The 9 Crypto companies closest to BMNR in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| BMNR Bitmine Immersion Technologies | FY2026 | $124.8M | n/m | - | n/m | n/m | - | −41.8% | - |
| BTBT Bit Digital | FY2025 | $113.6M | +5.1% | - | −80.9% | −70.7% | −506.2% | −11.1% | - |
| EXOD Exodus Movement | FY2025 | $121.6M | +4.5% | - | - | −9.3% | −21.2% | −4.6% | - |
| CIFR Cipher Digital | FY2025 | $223.9M | +48.0% | - | −188.2% | −367.2% | −310.7% | −102.1% | 3.41 |
| WULF TeraWulf | FY2025 | $168.5M | +20.3% | 39.2% | −110.5% | −392.6% | −702.5% | n/m | n/m |
| FWDI Forward Industries | FY2025 | $18.2M | −9.0% | 28.5% | −46.1% | −918.1% | −24.9% | −11.4% | - |
| SBET Sharplink | FY2025 | $28.1M | +666% | - | n/m | n/m | −62.6% | −30.4% | - |
| GEMI Gemini Space Station | FY2025 | $179.6M | +26.3% | - | −192.5% | −324.6% | −122.6% | −107.8% | - |
| UPXI Upexi | FY2026 | $25.0M | n/m | 89.5% | −963.5% | −984.3% | −84.0% | n/m | n/m |
| BTCS BTCS | FY2025 | $16.5M | +305% | 12.2% | - | −202.2% | −59.4% | −23.9% | - |
Revenue, FY2021 to FY2026
Revenue as reported in the 10-K.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | $0 | $428K | $645K | $3.3M | $6.1M | $124.8M |
| BTBT Dec | $96.1M | $32.3M | $44.9M | $108.1M | $113.6M | - |
| EXOD Dec | - | - | $56.2M | $116.3M | $121.6M | - |
| CIFR Dec | - | $3.0M | $126.8M | $151.3M | $223.9M | - |
| WULF Dec | - | $15.0M | $69.2M | $140.1M | $168.5M | - |
| FWDI Sep | $39.0M | $38.2M | $36.7M | $20.0M | $18.2M | - |
| SBET Dec | - | $3.5M | $5.0M | $3.7M | $28.1M | - |
| GEMI Dec | - | - | $98.1M | $142.2M | $179.6M | - |
| UPXI Jun | $24.1M | $23.1M | $36.4M | $26.0M | $15.8M | $25.0M |
| BTCS Dec | $1.2M | $1.7M | $1.3M | $4.1M | $16.5M | - |
| Peer median | $31.6M | $15.0M | $44.9M | $108.1M | $113.6M | - |
Sales growth, FY2021 to FY2026
Revenue against the fiscal year before.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | - | - | +50.9% | +413% | +84.1% | n/m |
| BTBT Dec | +356% | −66.4% | +39.1% | +141% | +5.1% | - |
| EXOD Dec | - | - | - | +107% | +4.5% | - |
| CIFR Dec | - | - | n/m | +19.3% | +48.0% | - |
| WULF Dec | - | - | +361% | +102% | +20.3% | - |
| FWDI Sep | +13.2% | +8.5% | −4.0% | −17.7% | −9.0% | - |
| SBET Dec | - | - | +41.9% | −26.1% | +666% | - |
| GEMI Dec | - | - | - | +44.9% | +26.3% | - |
| UPXI Jun | +225% | +85.0% | +250% | −28.7% | −39.2% | n/m |
| BTCS Dec | - | +39.5% | −20.8% | +204% | +305% | - |
| Peer median | +225% | +24.0% | +40.5% | +44.9% | +20.3% | - |
Gross margin, FY2021 to FY2026
Gross profit / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | - | −30.2% | 34.5% | 23.0% | - | - |
| BTBT Dec | - | - | - | - | - | - |
| EXOD Dec | - | - | - | - | - | - |
| CIFR Dec | - | - | - | - | - | - |
| WULF Dec | - | 26.3% | 53.5% | 49.8% | 39.2% | - |
| FWDI Sep | 20.8% | 23.0% | 22.8% | 25.9% | 28.5% | - |
| SBET Dec | - | 37.7% | 30.9% | 24.7% | - | - |
| GEMI Dec | - | - | - | - | - | - |
| UPXI Jun | 49.4% | 64.5% | 57.7% | 49.3% | 68.7% | 89.5% |
| BTCS Dec | 77.9% | 74.8% | 73.1% | 23.2% | 12.2% | - |
| Peer median | 49.4% | 37.7% | 53.5% | 25.9% | 33.9% | - |
Operating margin, FY2021 to FY2026
Operating income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | - | −400.8% | −374.0% | −73.9% | n/m | n/m |
| BTBT Dec | 6.1% | −331.8% | −37.0% | 25.5% | −80.9% | - |
| EXOD Dec | - | - | - | - | - | - |
| CIFR Dec | - | n/m | −15.9% | −28.9% | −188.2% | - |
| WULF Dec | - | −291.0% | −42.5% | −54.4% | −110.5% | - |
| FWDI Sep | −2.0% | 1.5% | 0.4% | −10.8% | −46.1% | - |
| SBET Dec | - | −409.3% | −179.6% | −130.1% | n/m | - |
| GEMI Dec | - | - | −317.5% | −116.6% | −192.5% | - |
| UPXI Jun | 5.9% | −28.1% | −33.7% | −86.4% | −79.1% | −963.5% |
| BTCS Dec | - | - | - | - | - | - |
| Peer median | 5.9% | −291.0% | −37.0% | −54.4% | −95.7% | - |
Net margin, FY2021 to FY2026
Net income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | - | −468.9% | −382.0% | −99.5% | n/m | n/m |
| BTBT Dec | −1.1% | −326.0% | −30.9% | 26.2% | −70.7% | - |
| EXOD Dec | - | - | 22.8% | 97.1% | −9.3% | - |
| CIFR Dec | - | n/m | −20.3% | −29.5% | −367.2% | - |
| WULF Dec | - | −603.9% | −106.1% | −51.7% | −392.6% | - |
| FWDI Sep | 1.3% | −3.6% | −10.2% | −9.8% | −918.1% | - |
| SBET Dec | - | −436.5% | −287.6% | 275.8% | n/m | - |
| GEMI Dec | - | - | −325.7% | −111.5% | −324.6% | - |
| UPXI Jun | 12.4% | −8.9% | −48.0% | −91.0% | −86.5% | −984.3% |
| BTCS Dec | n/m | −939.0% | 583.6% | −31.2% | −202.2% | - |
| Peer median | 1.3% | −381.3% | −30.9% | −29.5% | −263.4% | - |
Free cash flow, FY2021 to FY2026
Cash from operations minus capital spending.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | −$504K | −$4.4M | −$1.4M | −$106K | −$5.2M | - |
| BTBT Dec | −$64.2M | −$27.8M | −$65.6M | −$107.0M | −$574.9M | - |
| EXOD Dec | - | - | $625K | −$12.3M | −$25.8M | - |
| CIFR Dec | - | −$60.1M | −$114.7M | −$227.0M | −$695.9M | - |
| WULF Dec | - | −$95.2M | −$70.9M | −$292.4M | −$1.2B | - |
| FWDI Sep | −$596K | $1.4M | $905K | $455K | −$4.5M | - |
| SBET Dec | - | −$6.0M | $571K | −$22.8M | −$17.6M | - |
| GEMI Dec | - | - | −$208.0M | −$110.2M | −$220.1M | - |
| UPXI Jun | $1.5M | −$5.6M | −$735K | −$1.0M | −$8.8M | −$21.0M |
| BTCS Dec | −$4.9M | −$782K | −$3.6M | −$3.5M | −$9.8M | - |
| Peer median | −$2.7M | −$6.0M | −$3.6M | −$22.8M | −$25.8M | - |
FCF margin, FY2021 to FY2026
Free cash flow / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | - | n/m | −220.4% | −3.2% | −85.5% | - |
| BTBT Dec | −66.8% | −86.2% | −145.9% | −99.0% | −506.2% | - |
| EXOD Dec | - | - | 1.1% | −10.6% | −21.2% | - |
| CIFR Dec | - | n/m | −90.4% | −150.1% | −310.7% | - |
| WULF Dec | - | −633.2% | −102.4% | −208.8% | −702.5% | - |
| FWDI Sep | −1.5% | 3.6% | 2.5% | 2.3% | −24.9% | - |
| SBET Dec | - | −170.5% | 11.5% | −623.0% | −62.6% | - |
| GEMI Dec | - | - | −212.0% | −77.5% | −122.6% | - |
| UPXI Jun | 6.3% | −24.4% | −2.0% | −4.0% | −55.7% | −84.0% |
| BTCS Dec | −401.6% | −46.2% | −266.3% | −86.7% | −59.4% | - |
| Peer median | −34.2% | −66.2% | −90.4% | −86.7% | −62.6% | - |
Return on equity, FY2021 to FY2026
Net income / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | −42.8% | −27.1% | −39.4% | −80.6% | 4.0% | −41.8% |
| BTBT Dec | −0.6% | −117.1% | −9.1% | 6.1% | −11.1% | - |
| EXOD Dec | - | - | 12.3% | 43.9% | −4.6% | - |
| CIFR Dec | - | −11.4% | −5.2% | −6.5% | −102.1% | - |
| WULF Dec | - | −77.1% | −33.0% | −29.6% | n/m | - |
| FWDI Sep | 7.0% | −22.0% | −142.8% | −65.7% | −11.4% | - |
| SBET Dec | - | n/m | n/m | n/m | −30.4% | - |
| GEMI Dec | - | - | n/m | n/m | −107.8% | - |
| UPXI Jun | 14.0% | −7.1% | −62.8% | n/m | −15.2% | n/m |
| BTCS Dec | −132.6% | −111.0% | 29.9% | −3.7% | −23.9% | - |
| Peer median | 3.2% | −49.5% | −9.1% | −5.1% | −19.6% | - |
Debt / equity, FY2021 to FY2026
Total debt / shareholders' equity at the year end.EPS (diluted), FY2021 to FY2026
Diluted earnings per share, on today's share count after splits.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| BMNR Aug | −$0.40 | −$1.00 | −$1.00 | −$1.32 | $13.41 | −$13.11 |
| BTBT Dec | −$0.02 | −$1.34 | −$0.16 | $0.19 | −$0.31 | - |
| EXOD Dec | - | - | - | - | - | - |
| CIFR Dec | - | −$0.16 | −$0.10 | −$0.14 | −$2.15 | - |
| WULF Dec | - | −$0.82 | −$0.35 | −$0.21 | −$1.66 | - |
| FWDI Sep | $0.50 | −$1.40 | −$3.39 | −$1.77 | −$24.59 | - |
| SBET Dec | - | −$6.13 | −$5.17 | $27.62 | −$7.37 | - |
| GEMI Dec | - | - | −$66.25 | −$32.24 | −$15.52 | - |
| UPXI Jun | $4.20 | −$8.60 | −$18.94 | −$23.03 | −$1.73 | −$3.87 |
| BTCS Dec | −$3.09 | −$1.25 | $0.45 | −$0.08 | −$1.00 | - |
| Peer median | $0.24 | −$1.34 | −$1.87 | −$0.17 | −$1.94 | - |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out BMNR and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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