Total Cost of Revenue
Iris Energy Total Cost of Revenue decreased by 39.3% to $39.93M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.8%, from $41.95M to $39.93M. Over 2 years (FY 2023 to FY 2025), Total Cost of Revenue shows an upward trend with a 100.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests rising production costs or margin compression, while a decrease suggests improved operational efficiency.
Detailed definition
Total cost of revenue includes the direct costs attributable to the production of goods or the delivery of services sold...
Peer comparison
Varies by industry; for medical device manufacturers, this includes significant manufacturing and supply chain costs.
total_cost_of_revenueHistorical Data
| 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 | $9.85M | $9.85M | $9.85M | $9.85M | $21.77M | $21.77M | $21.77M | $21.77M | $31.86M | $32.29M | $41.95M | $52.89M | $80.67M | $65.76M | $39.93M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +120.9% | +0.0% | +0.0% | +0.0% | +46.4% | +1.4% | +29.9% | +26.1% | +52.5% | -18.5% | -39.3% |
| YoY Change | — | — | — | — | +120.9% | +120.9% | +120.9% | +120.9% | +46.4% | +48.4% | +92.7% | +143.0% | +153.2% | +103.6% | -4.8% |
Product Breakdown
| Segment | Q3 '26 |
|---|---|
| Bitcoin mining | $35.34M |
| AI Cloud Services | $4.60M |
| Total | $39.93M |
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Iris Energy's total cost of revenue?
- Iris Energy (IREN) reported total cost of revenue of $39.93M in Q1 2026.
- How has Iris Energy's total cost of revenue changed year-over-year?
- Iris Energy's total cost of revenue decreased by 4.8% year-over-year, from $41.95M to $39.93M.
- What is the long-term trend for Iris Energy's total cost of revenue?
- Over 2 years (2023 to 2025), Iris Energy's total cost of revenue has grown at a 100.8% compound annual growth rate (CAGR), from $39.42M to $158.99M.
- What does total cost of revenue mean?
- The direct costs incurred to produce the goods or services that a company sold during a specific period.