Discontinued — last reported Q1 '26

Non-Current Assets

PP&E (Net)

Iris Energy PP&E (Net) increased by 9.6% to $2.12B in Q3 2025 compared to the prior quarter.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2024
Last reportedQ1 2026Nov 6, 2025

How to read this metric

An increase indicates ongoing investment in physical capacity, whereas a decline may suggest aging assets or a strategy of asset-light operations.

Detailed definition

This metric represents the book value of tangible assets after subtracting accumulated depreciation from the total histo...

Peer comparison

Standard line item for all manufacturing and industrial companies; directly comparable across peers.

Metric ID: property_plant_equipment_net

Historical Data

3 periods
 Q4 '24Q4 '25Q1 '26
Value$441.37M$1.93B$2.12B
QoQ Change—+337.4%+9.6%
YoY Change—+337.4%—
Range$441.37M – $2.12B
Avg YoY Growth+337.4%
Median YoY Growth+337.4%
Current Streak2+ quarters growth

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Frequently Asked Questions

What is Iris Energy's pp&e (net)?
Iris Energy (IREN) reported pp&e (net) of $2.12B in Q3 2025.
What does pp&e (net) mean?
The current book value of physical assets after accounting for wear and tear.