Iris Energy IREN Business Segments
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Product | ||||||
| AI Cloud Services | $65.24M+85.4% | $35.19M+71.2% | $20.55M+25.4% | $16.39M+60.6% | $10.21M+37.9% | |
| Bitcoin mining | $691.83M-4.2% | $721.91M+8.1% | $668M+37.8% | $484.63M+38.3% | $350.32M+37.3% | |
| Cost of Revenue by Product | ||||||
| AI Cloud Services | $8.2M+108% | $3.94M+117% | $1.82M+37.6% | $1.32M+40.7% | $937.75K+34.6% | |
| Bitcoin mining | $231.06M-2.6% | $237.34M+15.2% | $205.99M+30.6% | $157.67M+24.2% | $126.93M+18.6% | |
| Other direct expenses by Product | ||||||
| AI Cloud Services | $1.42M+105% | $693K+92.5% | $360K+46.9% | $245K+34.2% | $182.5K+49.6% | |
| Bitcoin mining | $4.14M+15.7% | $3.58M+20.0% | $2.98M+27.0% | $2.35M+29.4% | $1.81M+18.2% | |
| Employee benefits by Product | ||||||
| AI Cloud Services | $4.19M+91.9% | $2.19M+92.8% | $1.13M+37.6% | $824K+47.2% | $559.75K+22.6% | |
| Bitcoin mining | $12.94M+16.5% | $11.11M+21.3% | $9.16M+21.8% | $7.52M+36.3% | $5.52M+15.5% | |
| Electricity by Product | ||||||
| AI Cloud Services | $2.58M+144% | $1.06M+229% | $321K+28.4% | $250K+27.9% | $195.5K+65.7% | |
| Bitcoin mining | $213.99M-3.9% | $222.65M+14.9% | $193.85M+31.2% | $147.81M+23.6% | $119.6M+18.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Iris Energy break its business down?
- Iris Energy (IREN) reports total revenue by product across 2 parts — AI Cloud Services and Bitcoin mining. Each is extracted from the segment footnotes and tracked over time.
- Where does Iris Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Iris Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
