What is Iris Energy's prepaid expenses?

Iris Energy (IREN) reported prepaid expenses of $44.79M in Q1 2026.

What does prepaid expenses mean?

Payments made in advance for services or goods that the company will receive within a year.

Iris Energy Prepaid expenses increased by 9.9% to $44.79M in Q1 2026 compared to the prior quarter.

StatementBalance Sheet Statement

SectionOther

CategoryLiquidity

SignalContext dependent

VolatilityStable

First reportedQ4 2025

Last reportedQ3 2026May 8, 2026

Significant fluctuations may indicate changes in the timing of large annual contracts or operational scaling.

These are payments made in advance for goods or services that will be received or consumed within the next twelve months...

Standard across all industries; generally represents a small portion of total current assets.

Metric ID: other_prepaid_expense_current

3 periods

	Q4 '25	Q2 '26	Q3 '26
Value	$33.02M	$40.76M	$44.79M
QoQ Change	—	+23.5%	+9.9%

Range$33.02M – $44.79M

Current Streak2+ quarters growth

What is Iris Energy's prepaid expenses?: Iris Energy (IREN) reported prepaid expenses of $44.79M in Q1 2026.
What does prepaid expenses mean?: Payments made in advance for services or goods that the company will receive within a year.