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Iris Energy IREN Bitcoin mining — Employee benefits

Other product segments

AI Cloud Services
$2.18M+1,154%

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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 bitcoin mining — employee benefits?
Iris Energy (IREN) reported bitcoin mining — employee benefits of $3.55M in Q1 2026.
How has Iris Energy's bitcoin mining — employee benefits changed year-over-year?
Iris Energy's bitcoin mining — employee benefits increased by 106.4% year-over-year, from $1.72M to $3.55M.
What is the long-term trend for Iris Energy's bitcoin mining — employee benefits?
Over 2 years (2023 to 2025), Iris Energy's bitcoin mining — employee benefits has grown at a 60.3% compound annual growth rate (CAGR), from $2.93M to $7.52M.
What does bitcoin mining — employee benefits mean?
This includes the wages, salaries, and associated benefits for personnel directly involved in the operation and maintenance of mining data centers. It reflects the human capital investment required to sustain 24/7 mining operations. Tracking this helps evaluate the labor intensity of the mining business model.