Income StatementBalance SheetCash FlowSegments
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Iris Energy Income Statement

Revenue, expenses, and profitability over time

Iris Energy generated $757.1M in trailing twelve-month revenue, up 1.1% year-over-year. Net income was $158.1M with a 20.88% net margin. Gross margin stands at 68.4% and operating margin at -53.95%. Diluted EPS is $0.65, which grew 2.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$757.1MGross Profit (TTM)$517.8MOperating Income (TTM)-$408.4MNet Income (TTM)$158.1MEps Diluted (TTM)$0.65
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$22.9B
P/E Ratio144.83
ROE7.88%

Other Income & Expense

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Foreign Currency Transaction Gain (Loss)-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Unrealized Foreign Currency Transaction Gain (Loss)-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Foreign Currency Transaction Gain (Loss)-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Unrealized Gain (Loss) on Investments-$32.3M-$37.9M$147.7M$665.0M-$107.4M-$23.7M
Unrealized Gain (Loss) on Equity Investments-$32.3M-$37.9M$147.7M$665.0M-$107.4M-$23.7M
Unrealized Gain (Loss) on Investments-$32.3M-$37.9M$147.7M$665.0M-$107.4M-$23.7M
Foreign exchange gains (losses)-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Gain (loss) on disposal of assets-$681.0K$1.5M$2.3M-$13.0K$7.0K$234.0K
Foreign Currency Transaction Gain (Loss), Pre-tax-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Other Charges$289.0K$186.0K$337.0K$0.0$0.0$75.0K
Foreign Currency Transaction Gain (Loss)-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Interest expense$1.7M$4.1M$5.2M$9.3M$10.7M$14.8M
Interest income$1.6M$1.9M$1.7M$7.1M$15.8M$21.8M
Net investment gains (losses)$0.0$0.0$0.0-$5.8M-$2.9M$0.0
Realized Investment Gains (Losses)$0.0$0.0$0.0-$5.8M-$2.9M$0.0
Foreign currency transaction gain (loss)-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Foreign Currency Transaction Gain (Loss), Before Tax-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Increase (decrease) in fair value of assets held for sale$516.0K-$95.0K——-$6.4M-$2.0M
Other income (expense), net-$36.2M-$40.3M$156.0M$651.7M-$221.5M-$20.6M
Unrealized Gain (Loss) on Equity Securities-$32.3M-$37.9M$147.7M$665.0M-$107.4M-$23.7M

Operating Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other operating income$3.1M$3.1M$1.6M$3.8M$1.8M$4.8M
Gross profit$83.9M$102.9M$134.4M$159.6M$118.9M$104.9M
Operating income$17.3M$29.2M$17.9M-$76.4M-$116.4M-$233.5M

Operating Expenses

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Depreciation and amortization$36.1M$47.3M$63.8M$85.2M$99.2M$121.2M
Other Costs and Expenses$4.0M$1.9M$3.0M$0.0$5.5M$39.0K
Impairment charges$0.0$0.0$281.0K$16.3M$31.8M$140.4M
Other operating charges$4.0M$1.9M$3.0M$0.0$5.5M$39.0K
Operating Income (Expense)-$66.5M-$73.7M-$116.5M-$236.0M-$235.3M-$338.4M
Other operating expenses$4.0M$1.9M$3.0M$0.0$5.5M$39.0K
Other Operating Income$3.1M$3.1M$1.6M$3.8M$1.8M$4.8M
Selling, general and administrative$28.9M$29.1M$53.3M$138.4M$100.8M$81.8M

Earnings Per Share

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Basic earnings per share$-0.10$-0.07$0.85$1.42$-0.52$-0.74
Diluted earnings per share$-0.10$-0.07$0.83$1.08$-0.52$-0.74
Weighted-average shares, basic210.5M218.7M8.5M270.7M298M333.7M
Weighted-average shares, diluted210.5M218.7M17.2M361.7M298M333.7M

Income Before Tax

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income before income taxes-$18.9M-$11.1M$173.9M$575.3M-$337.9M-$254.1M

Tax

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income tax expense$3.0M$5.0M—$190.7M-$182.5M-$6.3M

Net Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Net income-$21.9M-$16.1M$176.7M$384.6M-$155.4M-$247.8M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$33.8M-$16.1M$191.7M$379.2M-$152.2M-$254.9M
Gain (Loss), Foreign Currency Transaction, before Tax-$4.6M-$318.0K—-$5.4M$1.9M-$1.9M
Gain Loss On Sale Of Property Plant Equipment-$681.0K$1.5M$2.3M-$13.0K$7.0K$234.0K
Gain (Loss) on Disposition of Stock in Subsidiary$0.0$0.0$0.0———
Impairment Of Long Lived Assets Held For Use$0.0$0.0$281.0K$16.3M$31.8M$140.4M
Debt conversion inducement expense$0.0$0.0——$111.8M$0.0
Other income, net (Note 6)$289.0K$186.0K$337.0K$0.0$0.0$75.0K
Gross realized gains (losses)$0.0$0.0$0.0-$5.8M-$2.9M$0.0
Revenue From Contract With Customer Excluding Assessed Tax$116.1M$144.8M$187.3M$240.3M$184.7M$144.8M
Other Comprehensive Income (Loss)-$33.8M-$16.1M$191.7M$379.2M-$152.2M-$254.9M

Cost of Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Total cost of revenue$32.3M$42.0M$52.9M$80.7M$65.8M$39.9M

Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Total revenue$116.1M$144.8M$187.3M$240.3M$184.7M$144.8M