APP vs. BMNR: AppLovin vs. Bitmine Immersion Stock Comparison
How do AppLovin (APP) and Bitmine Immersion (BMNR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
AppLovin (APP) and Bitmine Immersion (BMNR) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
| Profile Item | APP | BMNR |
|---|---|---|
| Name | AppLovin Corporation Class A Common Stock | BitMine Immersion Technologies, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Application Software |
| Market Capitalization | 129.62 billion USD | 11.32 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE American |
| Listing Date | April 15, 2021 | June 5, 2025 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | APP | BMNR |
|---|---|---|
| Total Return (1Y) | -34.71% | -52.72% |
| Total Return (3Y, Annualized) | 116.87% | -- |
| Total Return (5Y, Annualized) | 31.34% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | APP | BMNR |
|---|---|---|
| Volatility (1Y, Annualized) | 80.36% | 89.23% |
| Beta (5Y) | 2.25 | 1.75 |
| Max Drawdown (5Y) | -91.90% | -90.14% |
| Avg. Volume (3M) | 5.33M | 36.95M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | APP | BMNR |
|---|---|---|
| Sharpe Ratio (1Y) | -0.49 | -0.64 |
| Sortino Ratio (1Y) | -0.69 | -0.93 |
Profitability
ROE (TTM)
Bitmine Immersion (BMNR) reports a negative ROE of -150.91%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile AppLovin (APP) reports 210.09%, ranking against industry peers normally.
APP
Software & Services industry group
210.09%
- APP
- 210.09%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
BMNR
Software & Services industry group
-150.91%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- BMNR
- -150.91%
Net Margin (TTM)
AppLovin (APP) at 65.89% converts revenue to bottom-line profit above its industry’s benchmark range, while Bitmine Immersion (BMNR) at 0.00% keeps roughly the typical share for its industry.
APP
Software & Services industry group
65.89%
- APP
- 65.89%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
BMNR
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- BMNR
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
AppLovin (APP) at 78.22% turns sales into operating profit above its industry’s benchmark range, while Bitmine Immersion (BMNR) at 8.42% operates around its industry’s norm.
APP
Software & Services industry group
78.22%
- APP
- 78.22%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
BMNR
Software & Services industry group
8.42%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- BMNR
- 8.42%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | APP | BMNR |
|---|---|---|
| ROE (TTM) | 210.09% | -150.91% |
| ROA (TTM) | 49.57% | -3.17% |
| Net Margin (TTM) | 65.89% | 0.00% |
| Operating Margin (TTM) | 78.22% | 8.42% |
| Gross Margin (TTM) | 88.78% | 84.44% |
Growth
Revenue Growth
Both AppLovin (APP) at 69.99% and Bitmine Immersion (BMNR) at 84.14% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.
EPS Growth
Only one side can be read here: AppLovin (APP) reports EPS growth of 115.23%, ranked against its industry; Bitmine Immersion (BMNR) has no EPS growth figure this period.
Growth Metrics
| Metric | APP | BMNR |
|---|---|---|
| Revenue Growth (YoY) | 69.99% | 84.14% |
| Revenue Growth (3Y CAGR) | 24.84% | 142.45% |
| EPS Growth (YoY) | 115.23% | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Both AppLovin (APP) at 3.81 and Bitmine Immersion (BMNR) at 36.68 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.
APP
Software & Services industry group
3.81
- Max
- 5.11
- APP
- 3.81
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
BMNR
Software & Services industry group
36.68
- BMNR
- 36.68
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Bitmine Immersion (BMNR) at 0.00 keeps leverage in the lower industry quartile, while AppLovin (APP) at 1.07 runs a more typical debt-to-equity mix.
APP
Software & Services industry group
1.07
- Max
- 2.52
- Q3
- 1.13
- APP
- 1.07
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
BMNR
Software & Services industry group
0.00
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- BMNR
- 0.00
- Min
- 0.00
Financial Strength Metrics
| Metric | APP | BMNR |
|---|---|---|
| Current Ratio (MRQ) | 3.81 | 36.68 |
| Debt / Equity (MRQ) | 1.07 | 0.00 |
| Net Debt / EBITDA | 0.06 | -- |
Dividends
Dividend Yield (TTM)
AppLovin (APP) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Bitmine Immersion (BMNR) reports a yield of 0.05%, ranking against industry peers normally.
APP
Software & Services industry group
0.00%
- APP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
BMNR
Software & Services industry group
0.05%
- BMNR
- 0.05%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither AppLovin (APP) nor Bitmine Immersion (BMNR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
APP
Software & Services industry group
0.00%
- APP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
BMNR
Software & Services industry group
0.00%
- BMNR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | APP | BMNR |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.05% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: AppLovin (APP) trades at 26.34 times trailing earnings, ranked against its peers, while Bitmine Immersion (BMNR) has no P/E ratio this period.
APP
Software & Services industry group
26.34
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- APP
- 26.34
- Q1
- 18.77
- Min
- 6.69
BMNR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- BMNR
- --
P/S Ratio (TTM)
Both look expensive on sales: AppLovin (APP) at 17.04 sits in the upper P/S ratio quartile, and Bitmine Immersion (BMNR) at 184.93 prices even higher, above its industry range.
APP
Software & Services industry group
17.04
- Max
- 17.91
- APP
- 17.04
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
BMNR
Software & Services industry group
184.93
- BMNR
- 184.93
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Bitmine Immersion (BMNR) at 0.94 sits in the lower P/B ratio quartile relative to book while AppLovin (APP) at 39.29 prices above its industry range — a wide valuation gap against assets.
APP
Software & Services industry group
39.29
- APP
- 39.29
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
BMNR
Software & Services industry group
0.94
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- BMNR
- 0.94
- Min
- -3.90
Valuation Metrics
| Metric | APP | BMNR |
|---|---|---|
| P/E Ratio (TTM) | 26.34 | -- |
| P/S Ratio (TTM) | 17.04 | 184.93 |
| P/B Ratio (MRQ) | 39.29 | 0.94 |
| Free Cash Flow Yield (TTM) | 2.87% | -4.58% |