Income Before Tax
Pre-Tax Income
Iris Energy Pre-Tax Income increased by 24.8% to -$254.09M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2187.8%, from -$11.11M to -$254.09M. Over 2 years (FY 2023 to FY 2025), Pre-Tax Income shows an upward trend with a -25.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
How to read this metric
Higher values indicate stronger overall profitability and operational efficiency before tax impacts.
Detailed definition
Measures the profitability of the company after all operating and non-operating expenses have been deducted, but before...
Peer comparison
A standard GAAP metric used universally to compare pre-tax performance across different industries.
Metric ID:
income_before_taxHistorical Data
15 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$42.36M | -$42.36M | -$42.36M | -$42.36M | -$6.37M | -$6.37M | -$6.37M | -$6.37M | -$50.42M | -$18.88M | -$11.11M | $173.91M | $575.30M | -$337.93M | -$254.09M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +85.0% | +0.0% | +0.0% | +0.0% | -691.9% | +62.5% | +41.2% | >999% | +230.8% | -158.7% | +24.8% |
| YoY Change | — | — | — | — | +85.0% | +85.0% | +85.0% | +85.0% | -691.9% | -196.6% | -74.4% | >999% | >999% | <-999% | <-999% |
Range-$337.93M – $575.30M
CAGR+66.8%
Avg YoY Growth-38.9%
Median YoY Growth+85.0%
Pre-Tax Income at Other Companies
Frequently Asked Questions
- 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 $93.50M.
- What does pre-tax income mean?
- Total profit earned before accounting for income tax obligations.