Iris Energy Limited (IREN) Income Statement
IREN FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsIREN revenue and net income
Where IREN's revenue goes
FY2026Each bar shows an amount and its share of revenue. IREN kept −99.4% of revenue as net income.
IREN profit margins
IREN growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +41.1% | — | — | — |
| Gross profit | +42.5% | — | — | — |
| Operating income | −4,831.6% | — | — | — |
| Net income | −908.1% | — | — | — |
| EPS (diluted) | −336.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IREN quarterly EPS vs estimates
Iris Energy beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 5, 2026 (estimate $-0.46).
IREN income statement
| FY2026 | FY2025 | |
|---|---|---|
| Revenue | $707.0M | $501.0M |
| Cost of revenue | $219.7M | $159.0M |
| Gross profit | $487.3M | $342.0M |
| Sales, general & admin | $319.8M | $127.2M |
| Total operating expenses | $1.53B | $319.9M |
| Operating income | −$1.05B | $22.1M |
| Interest income | $80.6M | $7.5M |
| Interest expense | $59.3M | $11.0M |
| Income before taxes | −$708.7M | $93.5M |
| Income taxes | −$6.1M | $6.6M |
| Net income | −$702.6M | $86.9M |
| EBITDA | $34.7M | $285.7M |
| EPS (diluted) | −$0.59 | $0.25 |
| Gross margin | 68.9% | 68.3% |
| Operating margin | −148.1% | 4.4% |
| Net margin | −99.4% | 17.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $137.2M | $144.8M | $184.7M | $240.3M | $187.3M | $144.8M | $116.1M |
| Cost of revenue | $33.3M | $39.9M | $65.8M | $80.7M | $136.8M | $46.9M | $37.2M |
| Gross profit | $103.9M | $104.9M | $118.9M | $159.6M | $50.5M | $97.9M | $78.9M |
| Sales, general & admin | $83.6M | $71.8M | $90.1M | $102.5M | $90.4M | $21.8M | $22.4M |
| Total operating expenses | $724.3M | $338.4M | $235.3M | $236.0M | $33.7M | $70.2M | $61.0M |
| Operating income | −$620.4M | −$233.5M | −$116.4M | −$76.4M | $16.8M | $27.7M | $18.0M |
| Interest income | $35.9M | $21.8M | $15.8M | $7.1M | $1.7M | $1.9M | $1.6M |
| Interest expense | $24.5M | $14.8M | $10.7M | $9.3M | $5.2M | $4.1M | $1.7M |
| Income before taxes | −$692.0M | −$254.1M | −$337.9M | $575.3M | $92.8M | −$11.1M | −$18.9M |
| Income taxes | −$8.0M | −$6.3M | −$182.5M | $190.7M | −$2.8M | $5.0M | $3.0M |
| Net income | −$684.0M | −$247.8M | −$155.4M | $384.6M | $95.5M | −$16.1M | −$21.9M |
| EBITDA | −$32.8M | $27.9M | $14.5M | $25.1M | $153.1M | $40.3M | $18.9M |
| EPS (diluted) | −$0.41 | −$0.16 | −$0.03 | $0.01 | $0.21 | $0.11 | $0.09 |
| Gross margin | 75.7% | 72.4% | 64.4% | 66.4% | 26.9% | 67.6% | 68.0% |
| Operating margin | −452.2% | −161.3% | −63.0% | −31.8% | 9.0% | 19.1% | 15.5% |
| Net margin | −498.5% | −171.2% | −84.1% | 160.1% | 51.0% | −11.1% | −18.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IREN's financial statements (latest annual report filed August 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IREN financial results
In fiscal year 2026 (ended June 30, 2026), Iris Energy reported revenue of $707.0 million, up 41.1% from the year before. It had a net loss of $702.6 million, a net profit margin of −99.4%. Diluted earnings per share came to −$0.59.
See the IREN stock overview for the latest quote and news, or the IREN chart for price history and technical indicators.
IREN income statement FAQ
What is Iris Energy's annual revenue?
Iris Energy reported total revenue of $707.0 million for fiscal year 2026, which ended on June 30, 2026. That was up 41.1% from $501.0 million the previous year.
Is Iris Energy profitable?
No. Iris Energy reported a net loss of $702.6 million in fiscal 2026, a net profit margin of −99.4%; its operating margin was −148.1%.
What is Iris Energy's gross margin?
Iris Energy's gross margin was 68.9% in fiscal 2026: for every $100 of revenue, Iris Energy kept $69 after the direct cost of its products and services.
What are Iris Energy's earnings per share?
Iris Energy earned $-0.59 per diluted share in fiscal 2026, compared with $0.25 a year earlier.
When will Iris Energy report its next earnings?
Iris Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Iris Energy's fiscal year end?
Iris Energy's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 27, 2026.