Iren (IREN) Gross Margin (2024 - 2026)
Iren (IREN) posted Gross Margin of 75.71% for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 3.94 percentage points from 71.76% a year earlier and up 3.29 percentage points from the prior quarter.
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Analysis
Iren (IREN) Gross Margin (2024 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Iren's Gross Margin came in at 68.92%, up 0.66 percentage points from FY2025.
- Annual Gross Margin has increased for three consecutive fiscal years, with a three-year change of +21.13 percentage points (FY2023 to FY2026).
- In prior fiscal years, Iren's Gross Margin was 68.27% in FY2025 (+14.78 pp), 53.49% in FY2024 (+5.69 pp) and 47.80% in FY2023.
- The fiscal Q4 2026 figure stands as the highest quarterly Gross Margin in data going back to fiscal Q1 2025.
- On a year-over-year basis, Gross Margin increased in three of the last four quarters, with an average year-over-year change of +6.08 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 72.42% (Q3 2026), 64.39% (Q2 2026) and 66.43% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | - |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | - |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | - |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 65.60% |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | 64.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 75.71% |
| 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% |
API Access
Iren Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "IREN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();