What is Iris Energy's pre-tax income?

Iris Energy (IREN) reported pre-tax income of -$254.09M in Q1 2026.

How has Iris Energy's pre-tax income changed year-over-year?

Iris Energy's pre-tax income decreased by 2187.8% year-over-year, from -$11.11M to -$254.09M.

What is the long-term trend for Iris Energy's pre-tax income?

Over 2 years (2023 to 2025), Iris Energy's pre-tax income has grown at a -25.7% compound annual growth rate (CAGR), from -$169.44M to $93.5M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Iris Energy IREN Pre-Tax Income

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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$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

Reported directly by Iris Energy in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 pre-tax income?: Iris Energy (IREN) reported pre-tax income of -$254.09M in Q1 2026.
How has Iris Energy's pre-tax income changed year-over-year?: Iris Energy's pre-tax income decreased by 2187.8% year-over-year, from -$11.11M to -$254.09M.
What is the long-term trend for Iris Energy's pre-tax income?: Over 2 years (2023 to 2025), Iris Energy's pre-tax income has grown at a -25.7% compound annual growth rate (CAGR), from -$169.44M to $93.5M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.