Iris Energy IREN Ratios & Valuation
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 68.4%+3.9pp | 68.1%+9.2pp | 69.8%+20.1pp | 68.3%+14.8pp | 64.5%+11.7pp | |
| Operating margin | -54%-51.9pp | -19.2%-2.7pp | -1.7%+33.2pp | 3.5%+18.0pp | -2%+35.5pp | |
| Net margin | 20.9%+47.8pp | 51.5%+85.0pp | 76%+114pp | 17.4%+32.8pp | -26.9%+13.7pp | |
| Returns | ||||||
| Return on equity | 7.9%— | —— | —— | —— | —— | |
| Liquidity | ||||||
| Current ratio | 3.7×— | —— | —— | —— | —— | |
| Leverage | ||||||
| Debt-to-equity | 0.1×— | —— | —— | —— | —— | |
| Per Share | ||||||
| Book value per share | $7.98+29.8% | $8.43— | $7.95— | $8.14— | $6.15— | |
| Valuation | ||||||
| Market capitalization | $11.37B+753% | $12.4B+489% | $12.76B+709% | $2.79B+68.7% | $1.33B+68.4% | |
| Price / earnings | 72×— | —— | —— | —— | —— | |
| Price / sales | 15×+11.3× | 16.4×+8.4× | 18.5×+10.4× | 5.6×-3.3× | 3.7×-1.3× | |
| Price / book | 4.3×+3.3× | 4.9×— | 4.4×— | 1.5×— | 1×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Iris Energy's profit margins?
- Iris Energy (IREN) runs a 68.4% gross margin and a -54.0% operating margin, with a 20.9% net margin.
- Where do Iris Energy's ratios come from?
- Every ratio is computed from Iris Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
