Iren (IREN) Gross Margin (2024 - 2026)
Iren (IREN) posted quarterly Gross Margin of 72.42% for Q1 2026, up 139.0% year-over-year from 30.3% in Q1 2025, and up 12.47% quarter-over-quarter from 64.39% in Q4 2025.
Iren (IREN) Gross Margin (2024 - 2026) Analysis & Trends
Iren (IREN) has reported Gross Margin for 3 consecutive years, with 72.42% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 139.0% year-over-year to 72.42%; the TTM figure through Mar 2026 stood at 68.4% (changed N/A YoY), while the FY2025 annual figure was 68.27%, up 1478.0% from the prior year.
- Gross Margin advanced to 72.42% in Q1 2026 per IREN's latest filing, from 64.39% in the prior quarter.
- Across five years, Gross Margin topped out at 72.42% in Q1 2026 and bottomed at 39.62% in Q3 2024.
- Historically, Gross Margin has averaged 65.41% across 3 years, with a median of 71.03% in 2025.
- On a YoY basis, Gross Margin climbed as much as 2681 bps in 2025 and fell as far as 780 bps in 2025.
- Iren's Gross Margin stood at 72.19% in 2024, then dropped by 11 bps to 64.39% in 2025, then rose by 12 bps to 72.42% in 2026.
- Business Quant data shows IREN's Gross Margin at 72.42% in Q1 2026, 64.39% in Q4 2025, and 66.43% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 92.05% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 41.19% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 88.68% |
| 10 | Iren | 13.30 Bn | 11.09 Bn | 104.86 Mn | 72.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 72.42% |
| Dec 31, 2025 | 64.39% |
| Sep 30, 2025 | 66.43% |
| Jun 30, 2025 | 71.76% |
| Mar 31, 2025 | 71.03% |
| Dec 31, 2024 | 72.19% |
| Sep 30, 2024 | 39.62% |