Iris Energy AI Cloud Services — Employee benefits increased by 79.3% to $2.18M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1154.0%, from $174.00K to $2.18M.
An increase reflects investment in technical talent, while a disproportionate rise relative to revenue may indicate scaling challenges.
This metric encompasses the compensation, benefits, and related costs for personnel directly involved in the operation,...
Comparable to direct labor costs in technology services or managed infrastructure firms.
iren_segment_ai_cloud_services_employee_benefits| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $70.75K | $70.75K | $70.75K | $70.75K | $150.00K | $165.00K | $174.00K | $335.00K | $460.00K | $1.22M | $2.18M |
| QoQ Change | — | — | — | — | — | +0.0% | +0.0% | +0.0% | +112.0% | +10.0% | +5.5% | +92.5% | +37.3% | +164.6% | +79.3% |
| YoY Change | — | — | — | — | — | — | — | — | +112.0% | +133.2% | +145.9% | +373.5% | +206.7% | +637.6% | >999% |