Operating Expenses
Operating Income (Expense)
Iris Energy Operating Income (Expense) decreased by 43.8% to -$338.39M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 359.4%, from -$73.66M to -$338.39M. Over 2 years (FY 2023 to FY 2025), Operating Income (Expense) shows a downward trend with a 29.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
How to read this metric
An increase relative to revenue indicates margin compression and potential operational strain.
Detailed definition
This represents the aggregate of all operating costs, including cost of revenue, SG&A, and depreciation, before accounti...
Peer comparison
Standard across all industries; used to calculate the operating expense ratio.
Metric ID:
operating_expenses_operating_income_expenseHistorical 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 | -$48.33M | -$48.33M | -$48.33M | -$48.33M | -$31.84M | -$31.84M | -$31.84M | -$31.84M | -$67.99M | -$66.54M | -$73.66M | -$116.52M | -$236.03M | -$235.33M | -$338.39M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +34.1% | +0.0% | +0.0% | +0.0% | -113.5% | +2.1% | -10.7% | -58.2% | -102.6% | +0.3% | -43.8% |
| YoY Change | — | — | — | — | +34.1% | +34.1% | +34.1% | +34.1% | -113.5% | -109.0% | -131.3% | -265.9% | -247.1% | -253.7% | -359.4% |
Range-$338.39M – -$31.84M
CAGR+74.4%
Avg YoY Growth-122.1%
Median YoY Growth-113.5%
Operating Income (Expense) at Other Companies
Frequently Asked Questions
- What is Iris Energy's operating income (expense)?
- Iris Energy (IREN) reported operating income (expense) of -$338.39M in Q1 2026.
- How has Iris Energy's operating income (expense) changed year-over-year?
- Iris Energy's operating income (expense) decreased by 359.4% year-over-year, from -$73.66M to -$338.39M.
- What is the long-term trend for Iris Energy's operating income (expense)?
- Over 2 years (2023 to 2025), Iris Energy's operating income (expense) has grown at a 29.6% compound annual growth rate (CAGR), from -$193.33M to -$324.70M.
- What does operating income (expense) mean?
- The total sum of all costs incurred to maintain daily business operations.