Iris Energy SG&A decreased by 18.9% to $81.75M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 181.0%, from $29.10M to $81.75M. Over 2 years (FY 2023 to FY 2025), SG&A shows an upward trend with a 66.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
How to read this metric
A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.
Detailed definition
Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...
Peer comparison
Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.
Metric ID:
selling_general_and_administrativeHistorical Data
15 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $12.25M | $12.25M | $12.25M | $12.25M | $17.61M | $17.61M | $17.61M | $17.61M | $25.17M | $28.89M | $29.10M | $53.30M | $138.36M | $100.76M | $81.75M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +43.7% | +0.0% | +0.0% | +0.0% | +43.0% | +14.8% | +0.7% | +83.2% | +159.6% | -27.2% | -18.9% |
| YoY Change | — | — | — | — | +43.7% | +43.7% | +43.7% | +43.7% | +43.0% | +64.1% | +65.3% | +202.7% | +449.7% | +248.7% | +181.0% |
Range$12.25M – $138.36M
CAGR+72.0%
Avg YoY Growth+129.9%
Median YoY Growth+64.1%
Current Streak2 quarters decline
SG&A at Other Companies
Frequently Asked Questions
- What is Iris Energy's sg&a?
- Iris Energy (IREN) reported sg&a of $81.75M in Q1 2026.
- How has Iris Energy's sg&a changed year-over-year?
- Iris Energy's sg&a increased by 181.0% year-over-year, from $29.10M to $81.75M.
- What is the long-term trend for Iris Energy's sg&a?
- Over 2 years (2023 to 2025), Iris Energy's sg&a has grown at a 66.9% compound annual growth rate (CAGR), from $49.00M to $136.46M.
- What does sg&a mean?
- The overhead costs of running the business, including sales, marketing, and general corporate expenses.