What is Iris Energy's gross profit?

Iris Energy (IREN) reported gross profit of $104.86M in Q1 2026.

How has Iris Energy's gross profit changed year-over-year?

Iris Energy's gross profit increased by 1.9% year-over-year, from $102.87M to $104.86M.

What is the long-term trend for Iris Energy's gross profit?

Over 2 years (2023 to 2025), Iris Energy's gross profit has grown at a 207.9% compound annual growth rate (CAGR), from $36.09M to $342.03M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Iris Energy IREN Gross Profit

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Other financials

Income statement

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Revenue$144.8M0.0%

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$14.7B+260%

Enterprise value$12.89B+266%

P/E93×+46.0×

P/S19.4×+11.3×

Profitability

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Gross margin68.4%+3.9pp

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.

$144.8Mtotal revenue−$39.9Mtotal cost of revenue=$104.86M

The official record: Iris Energy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iris Energy's gross profit?: Iris Energy (IREN) reported gross profit of $104.86M in Q1 2026.
How has Iris Energy's gross profit changed year-over-year?: Iris Energy's gross profit increased by 1.9% year-over-year, from $102.87M to $104.86M.
What is the long-term trend for Iris Energy's gross profit?: Over 2 years (2023 to 2025), Iris Energy's gross profit has grown at a 207.9% compound annual growth rate (CAGR), from $36.09M to $342.03M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.