Skip to content
OpenCapital
Get started

Iris Energy IREN Q1 2026 earnings

Reported November 6, 2025 · After market close

Revenue$240.3MMiss by $1.1MDiluted EPS-$0.34Miss by $0.49
Revenue estimate$241.4M
EPS estimate$0.15

Next report

Aug 27, 2026 (in a month)
Revenue estimate$157.1M
EPS estimate-$0.32

Financials

Q1 2026

Income statement

See full
Revenue$240.3M+355%
Gross profit$159.6M+664%
Operating income-$76.4M-62.3%
Net income$384.6M+844%
EPS (diluted)$1.08+500%

Balance sheet

See full
Cash & equivalents$1.0B+947%
Total debt$1.4M—
Total equity$2.9B+155%
Total assets$4.3B—

Cash flow

See full
Operating cash flow$142.4M+3,736%
CapEx$180.3M+70.4%
Free cash flow-$38.0M+65.4%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$12.76B+709%
Enterprise value$11.73B—
P/E24.4×—
P/S18.5×+10.4×

Profitability

See full
Gross margin69.8%+20.1pp
Operating margin-1.7%-0.8pp
Net margin76%+57.0pp
FCF margin-37.1%-13.9pp

Returns & leverage

See full
Return on equity26.1%—
Debt / equity0×—
Current ratio5.5×—

Segments

By product

See full
Bitcoin mining$232.9M+370%
AI Cloud Services$7.3M+130%

Versus estimates

Revenue

Q3 2026$144.8MMiss by $74.9MQ2 2026$184.7MMiss by $42.6M
Q1 2026$240.3MMiss by $1.1M
Q4 2025$187.3MMiss by $1.6MQ3 2025$144.8MMiss by $27.1MQ2 2025$117.5MMiss by $50.5M

Diluted EPS

Q3 2026-$0.25Miss by $0.03Q2 2026-$0.44Miss by $0.20
Q1 2026-$0.34Miss by $0.49
Q4 2025$0.08Miss by $0.10Q3 2025$0.11Miss by $0.06Q2 2025$0.09Beat by $0.13

Ask the moment Iris Energy reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Iris Energy report Q1 2026 earnings?
Iris Energy (IREN) reported Q1 2026 earnings on November 6, 2025 after market close.
What were Iris Energy's Q1 2026 revenue and EPS?
Iris Energy reported revenue of $240.3M and diluted EPS of $-0.34 for Q1 2026.
Did Iris Energy beat estimates in Q1 2026?
Revenue missed the consensus estimate of $241.4M by $1.1M. EPS missed the consensus estimate of $0.15 by $0.49.
How did Iris Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 341.8% from $54.4M a year earlier and diluted EPS declined 54.5% from $-0.22.
Where can I find Iris Energy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001140361-25-040072) and the 10-Q periodic report (0001878848-25-000081) directly on SEC EDGAR. The filing index links above go to sec.gov.