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Iris Energy IREN Gross margin

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Other financials

Income statement

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Revenue$144.8M0.0%
Gross profit$104.9M+1.9%
Operating income-$233.5M-899%
Net income-$247.8M-1,435%
EPS (diluted)-$0.74-957%

Balance sheet

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Cash & equivalents$2.2B+1,101%
Total debt$399.2M
Total equity$2.7B+98.2%
Total assets$7.3B

Cash flow

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Operating cash flow$75.3M-19.1%
CapEx$949.2M+2,548%
Free cash flow-$873.8M-1,602%

Valuation

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Market cap$13.9B+214%
Enterprise value$12.08B+212%
P/E87.9×+37.0×
P/S18.4×+9.5×

Profitability

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Operating margin-54%-56.2pp
Net margin20.9%+13.4pp
FCF margin-193%-522pp

Returns & leverage

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Return on equity7.9%
Debt / equity0.1×
Current ratio3.7×

Where this comes from

Calculated from Iris Energy’s reported figures.

Based on trailing twelve months.

The source filing: Iris Energy’s 10-Q, filed May 8, 2026. Open the filing →

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001878848-26-000026

FAQ

What is Iris Energy's gross margin?
Iris Energy (IREN) reported gross margin of 68.4% in Q1 2026.
How has Iris Energy's gross margin changed year-over-year?
Iris Energy's gross margin increased by 6.0% year-over-year, from 64.5% to 68.4%.
What is the long-term trend for Iris Energy's gross margin?
Over 2 years (2023 to 2025), Iris Energy's gross margin has grown at a 19.5% compound annual growth rate (CAGR), from 47.8% to 68.3%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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