Iren (IREN) Cost of Revenue (2024 - 2026)

Iren (IREN) has reported Cost of Revenue for 3 consecutive years, with $39.9 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue fell 4.81% year-over-year to $39.9 million; the TTM figure through Mar 2026 stood at $239.3 million (changed N/A YoY), while the FY2025 annual figure was $159.0 million, up 82.61% from the prior year.
• Cost of Revenue slipped to $39.9 million in Q1 2026 per IREN's latest filing, from $65.8 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $80.7 million in Q3 2025 and bottomed at $31.9 million in Q3 2024.
• Historically, Cost of Revenue has averaged $49.3 million across 3 years, with a median of $42.0 million in 2025.
• Annual changes were most pronounced in 2025 — Cost of Revenue soared 153.22% — and 2026, when it retreated 4.81%.
• Iren's Cost of Revenue stood at $32.3 million in 2024, then surged by 103.64% to $65.8 million in 2025, then sank by 39.28% to $39.9 million in 2026.
• Business Quant data shows IREN's Cost of Revenue at $39.9 million in Q1 2026, $65.8 million in Q4 2025, and $80.7 million in Q3 2025.