Income StatementBalance SheetCash FlowSegments
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Iris Energy Business Segments

Business, geographic, and product segment breakdowns

Iris Energy generates $757.1M in annual revenue across 2 key segments: AI Cloud Services ($8.2M), and Bitcoin mining ($231.1M). The company-wide operating margin is -53.95%. Based on the Q1 2026 filing.

AI Cloud Services (TTM)$8.2MBitcoin mining (TTM)$231.1M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$22.9B
P/E Ratio144.83
ROE7.88%

Products & Services

Cost of Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Bitcoin mining$32.0M$41.6M$52.4M$79.9M$63.4M$35.3M
AI Cloud Services$275.0K$336.0K$476.0K$728.0K$2.4M$4.6M

Electricity

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Bitcoin mining$30.1M$39.3M$48.6M$75.8M$58.9M$30.6M
AI Cloud Services$59.0K$88.0K$65.0K$109.0K$794.0K$1.6M

Employee benefits

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Bitcoin mining$1.4M$1.7M$3.0M$3.0M$3.4M$3.5M
AI Cloud Services$165.0K$174.0K$335.0K$460.0K$1.2M$2.2M

Other direct expenses

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Bitcoin mining$460.0K$582.0K$837.0K$1.1M$1.1M$1.1M
AI Cloud Services$51.0K$74.0K$76.0K$159.0K$384.0K$803.0K

Total Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Bitcoin mining$113.5M$141.2M$180.3M$232.9M$167.4M$111.2M
AI Cloud Services$2.7M$3.6M$7.0M$7.3M$17.3M$33.6M

Concentration of revenue, percentage

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Bitcoin Mining24.3%24.3%24.3%———

Geographic

Total long-lived assets

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Australia——$1.7M———
Canada——$337.2M———
United States——$1.6B———

Total Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Australia$121.2M$121.2M$121.2M———
Canada$4.1M$4.1M$4.1M———
United States$0.0$0.0$0.0———