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Iris Energy IREN AI Cloud Services — Employee benefits

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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$13.93B+241%
Enterprise value$12.12B+244%
P/E88.1×+41.2×
P/S18.4×+10.2×

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:CostDirectLabor.

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 AI cloud services — employee benefits?
Iris Energy (IREN) reported AI cloud services — employee benefits of $2.18M in Q1 2026.
How has Iris Energy's AI cloud services — employee benefits changed year-over-year?
Iris Energy's AI cloud services — employee benefits increased by 1154.0% year-over-year, from $174K to $2.18M.
What does AI cloud services — employee benefits mean?
This metric encompasses the compensation, benefits, and related costs for personnel directly involved in the operation, maintenance, and support of the AI cloud services infrastructure. It reflects the human capital investment required to maintain high-uptime cloud environments. This is a key indicator of the labor intensity required to scale the cloud business.