What is Iris Energy's net income?

Iris Energy (IREN) reported net income of -$247.83M in Q1 2026.

How has Iris Energy's net income changed year-over-year?

Iris Energy's net income decreased by 1435.1% year-over-year, from -$16.14M to -$247.83M.

What is the long-term trend for Iris Energy's net income?

Over 2 years (2023 to 2025), Iris Energy's net income has grown at a -28.9% compound annual growth rate (CAGR), from -$171.83M to $86.94M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Iris Energy IREN Net Income

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Other financials

Income statement

See full

Revenue$144.8M0.0%

Gross profit$104.9M+1.9%

Operating income-$233.5M-899%

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

See full

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:NetIncomeLoss.

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 net income?: Iris Energy (IREN) reported net income of -$247.83M in Q1 2026.
How has Iris Energy's net income changed year-over-year?: Iris Energy's net income decreased by 1435.1% year-over-year, from -$16.14M to -$247.83M.
What is the long-term trend for Iris Energy's net income?: Over 2 years (2023 to 2025), Iris Energy's net income has grown at a -28.9% compound annual growth rate (CAGR), from -$171.83M to $86.94M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.