Company / Gross Margin
BITMINE IMMERSION TECHNOLOGIES, INC. Gross Margin History
FY2022-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
23.0%
FY2024
5-year range
-30.2% / 34.5%
FY2022-FY2024
Trend
-33.3%
vs FY2023
Sector context
#19 of 21
Financials
What the data says
Among 21 Financials companies, BITMINE IMMERSION TECHNOLOGIES, INC. is in the bottom 10% for gross margin. Improved from -30.2% to 23.0% over the past 2 years.
Based on SEC 10-K filings.
23.0% in FY2024.
Improved from -30.2% to 23.0% over the past 2 years.
Financials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
Bottom 10% in FinancialsTop 90% of 21This company 23.0% Sector average 46.2%
▼
-50.2% below sector average
Key checks
Key Insights
- In FY2024, gross margin decreased 33.3% year-over-year.
- Currently 23.2pp below the Financials sector average.
Company context
Key Data Points
- Altman Z-Score 35.94 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 23.0% | -33.3% |
| FY2023 | 34.5% | +214.3% |
| FY2022 | -30.2% | - |
| FY2021 | - | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026