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

Iren has disclosed Cost of Revenue across 3 years of filings, most recently posting $39000.0 for Q1 2026.

• In Q1 2026, Cost of Revenue fell 97.91% year-over-year to $39000.0; the TTM figure through Mar 2026 stood at $68.8 million (changed N/A YoY), while the FY2025 annual figure was $13.3 million, up 64.75% from the prior year.
• Cost of Revenue fell to $39000.0 in Q1 2026, from $65.8 million in the prior quarter.
• Over the last five years, Cost of Revenue for IREN reached as high as $65.8 million in Q4 2025 and fell as low as $39000.0 in Q1 2026.
• The 3-year median for Cost of Revenue is $17.4 million (2024), against an average of $22.5 million.
• Annual changes were most pronounced in 2025 — Cost of Revenue jumped 103.64% — and 2026, when it sank 97.91%.
• A 3-year view of Cost of Revenue shows it stood at $32.3 million in 2024, then jumped by 103.64% to $65.8 million in 2025, then slumped by 99.94% to $39000.0 in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $39000.0, $65.8 million, and $3.0 million for Q1 2026, Q4 2025, and Q2 2025 respectively.