Products & Services · Cost of Revenue
AI Cloud Services — Cost of Revenue
Iris Energy AI Cloud Services — Cost of Revenue increased by 91.9% to $4.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1268.2%, from $336.00K to $4.60M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
Rolls up toTotal Cost of Revenue
How to read this metric
A decrease relative to revenue suggests improved operational efficiency or economies of scale in the cloud segment.
Detailed definition
This metric captures the direct costs associated with delivering AI cloud services, including power, maintenance, and te...
Peer comparison
Similar to cost of goods sold (COGS) for technology infrastructure companies or managed service providers.
Metric ID:
iren_segment_ai_cloud_services_cost_of_revenueHistorical Data
15 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $94.75K | $94.75K | $94.75K | $94.75K | $232.00K | $275.00K | $336.00K | $476.00K | $728.00K | $2.40M | $4.60M |
| QoQ Change | — | — | — | — | — | +0.0% | +0.0% | +0.0% | +144.9% | +18.5% | +22.2% | +41.7% | +52.9% | +229.0% | +91.9% |
| YoY Change | — | — | — | — | — | — | — | — | +144.9% | +190.2% | +254.6% | +402.4% | +213.8% | +770.9% | >999% |
Range$0.00 – $4.60M
Avg YoY Growth+463.6%
Median YoY Growth+254.6%
Current Streak10+ quarters growth
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Frequently Asked Questions
- What is Iris Energy's ai cloud services — cost of revenue?
- Iris Energy (IREN) reported ai cloud services — cost of revenue of $4.60M in Q1 2026.
- How has Iris Energy's ai cloud services — cost of revenue changed year-over-year?
- Iris Energy's ai cloud services — cost of revenue increased by 1268.2% year-over-year, from $336.00K to $4.60M.
- What does ai cloud services — cost of revenue mean?
- The direct costs incurred to provide AI cloud services to clients.