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Iris Energy IREN Bitcoin mining — Total Revenue

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$33.64M+839%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — total revenue?
Iris Energy (IREN) reported bitcoin mining — total revenue of $111.16M in Q1 2026.
How has Iris Energy's bitcoin mining — total revenue changed year-over-year?
Iris Energy's bitcoin mining — total revenue decreased by 21.3% year-over-year, from $141.24M to $111.16M.
What is the long-term trend for Iris Energy's bitcoin mining — total revenue?
Over 2 years (2023 to 2025), Iris Energy's bitcoin mining — total revenue has grown at a 153.3% compound annual growth rate (CAGR), from $75.51M to $484.63M.
What does bitcoin mining — total revenue mean?
This represents the total gross income generated from the operation of specialized hardware to validate transactions on the Bitcoin network. It includes block rewards and transaction fees earned by the company's mining infrastructure. This metric is the primary indicator of the company's production scale and market participation in the digital asset mining sector.