Iren (IREN) Gross Margin (2024 - 2026)

Iren has disclosed Gross Margin across 3 years of filings, most recently posting 99.97% for Q1 2026.

• In Q1 2026, Gross Margin rose 126.0% year-over-year to 99.97%; the TTM figure through Mar 2026 stood at 90.91% (changed N/A YoY), while the FY2025 annual figure was 97.35%, up 166.0% from the prior year.
• Gross Margin rose to 99.97% in Q1 2026, from 64.39% in the prior quarter.
• Over the last five years, Gross Margin for IREN reached as high as 100.0% in Q3 2025 and fell as low as 35.74% in Q3 2024.
• The 3-year median for Gross Margin is 98.38% (2025), against an average of 81.34%.
• The widest YoY moves for Gross Margin: up 6426 bps in 2025, down 780 bps in 2025.
• A 3-year view of Gross Margin shows it stood at 72.19% in 2024, then slipped by 11 bps to 64.39% in 2025, then soared by 55 bps to 99.97% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 99.97%, 64.39%, and 100.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.