What is Iris Energy's impairment charges?

Iris Energy (IREN) reported impairment charges of $140.41M in Q1 2026.

What is the long-term trend for Iris Energy's impairment charges?

Over 2 years (2023 to 2025), Iris Energy's impairment charges has grown at a -73.8% compound annual growth rate (CAGR), from $105.17M to $7.22M.

What does impairment charges mean?

Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

Iris Energy IREN Impairment Charges

Impairment Charges at other companies

CleanSparkCLSK

$0—

Core Scientific, Inc.CORZ

$0—

TeraWulfWULF

$25.7M—

KEE

Keel Infrastructure Corp.KEEL

$1.99M-57.2%

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$13.25B+230%

Enterprise value$11.43B+232%

P/E83.8×+37.7×

P/S17.5×+9.5×

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

Reported directly by Iris Energy in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfLongLivedAssetsHeldForUse.

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 impairment charges?: Iris Energy (IREN) reported impairment charges of $140.41M in Q1 2026.
What is the long-term trend for Iris Energy's impairment charges?: Over 2 years (2023 to 2025), Iris Energy's impairment charges has grown at a -73.8% compound annual growth rate (CAGR), from $105.17M to $7.22M.
What does impairment charges mean?: Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.