← BitMine Immersion Technologies, Inc.
BMNR Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
Rule of 40
Q3 FY2026
n/m
Not meaningful
Revenue growth context+2167.8%
FCF margin context+62.3%
Why R40 is not meaningful yet
Revenue growth is distorted by a near-zero prior-year revenue base, so the combined Rule of 40 score is not meaningful.
Quarter context
Q1 FY2026
Revenue $2.3M (+90.9% YoY). Capex $376K (0.2× revenue); FCF −$228.7M.
Q2 FY2026
Revenue $11.0M (+627.8% YoY). FCF −$88.2M (−799.2% margin).
Q3 FY2026
Revenue $46.5M (+2167.8% YoY). Capex $30K (0.0× revenue); FCF $29.0M.
Other BMNR Charts
More quarter-by-quarter fundamentals for BitMine Immersion Technologies, Inc.
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Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Fintech Comparison
1 / 3
HOOD · Rule of 40
2026 Q2 · latest
85.5✓ Passing
Growth +32.3%
FCF +53.2%
n/m
Q3
n/m
2024
Q4
119
Q1
n/m
Q2
n/m
Q3
-47
2025
Q4
n/m
Q1
85
2026
Q2
40
0
Mix
MSTR · Rule of 40
2026 Q2 · latest
2.1✗ Below 40
Growth +6.9%
FCF −4.8%
-46
Q3
-18
2024
Q4
-8
Q1
-30
Q2
2
Q3
-16
2025
Q4
22
Q1
2
2026
Q2
40
0
Mix
PYPL · Rule of 40
2026 Q2 · latest
25.2✗ Below 40
Growth +4.8%
FCF +20.4%
14
Q1
13
Q2
28
Q3
29
2025
Q4
18
Q1
25
2026
Q2
40
0
Mix
Latest Rule of 40: 0 (Q3 FY2026).