Operating
Net Income
Iris Energy Net Income decreased by 59.5% to -$247.83M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1435.1%, from -$16.14M to -$247.83M. Over 2 years (FY 2023 to FY 2025), Net Income shows an upward trend with a -28.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
How to read this metric
An increase indicates higher profitability and operational success, while a decrease may signal rising costs or declining sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, taxes, and interest have been deduct...
Peer comparison
Standard across all public companies, though margins vary significantly by industry sector.
Metric ID:
net_income_cfHistorical 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 | -$42.96M | -$42.96M | -$42.96M | -$42.96M | -$7.23M | -$7.23M | -$7.23M | -$7.23M | -$51.70M | -$21.89M | -$16.14M | $176.68M | $384.61M | -$155.41M | -$247.83M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +83.2% | +0.0% | +0.0% | +0.0% | -615.1% | +57.7% | +26.2% | >999% | +117.7% | -140.4% | -59.5% |
| YoY Change | — | — | — | — | +83.2% | +83.2% | +83.2% | +83.2% | -615.1% | -202.7% | -123.3% | >999% | +843.9% | -610.0% | <-999% |
Range-$247.83M – $384.61M
CAGR+65.0%
Avg YoY Growth+66.7%
Median YoY Growth+83.2%
Current Streak2 quarters decline
Net Income at Other Companies
Frequently Asked Questions
- What is Iris Energy's net income?
- Iris Energy (IREN) reported net income of -$247.83M in Q1 2026.
- How has Iris Energy's net income changed year-over-year?
- Iris Energy's net income decreased by 1435.1% year-over-year, from -$16.14M to -$247.83M.
- What is the long-term trend for Iris Energy's net income?
- Over 2 years (2023 to 2025), Iris Energy's net income has grown at a -28.9% compound annual growth rate (CAGR), from -$171.83M to $86.94M.
- What does net income mean?
- The total profit a company earns after all expenses and taxes are paid.