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Iris Energy IREN Net margin

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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$13.9B+214%
Enterprise value$12.08B+212%
P/E87.9×+37.0×
P/S18.4×+9.5×

Profitability

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Gross margin68.4%+3.9pp
Operating margin-54%-56.2pp
FCF margin-193%-522pp

Returns & leverage

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Return on equity7.9%
Debt / equity0.1×
Current ratio3.7×

Where this comes from

Calculated from Iris Energy’s reported figures.

Based on trailing twelve months.

The source filing: Iris Energy’s 10-Q, filed May 8, 2026. Open the filing →

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001878848-26-000026

FAQ

What is Iris Energy's net margin?
Iris Energy (IREN) reported net margin of 20.9% in Q1 2026.
How has Iris Energy's net margin changed year-over-year?
Iris Energy's net margin increased by 177.6% year-over-year, from -26.9% to 20.9%.
What is the long-term trend for Iris Energy's net margin?
Over 2 years (2023 to 2025), Iris Energy's net margin has grown at a -72.4% compound annual growth rate (CAGR), from -227.6% to 17.4%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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