Iren (IREN) Gross Profit (2021 - 2026)
Iren's (IREN) quarterly Gross Profit came in at $103.9 million in Q2 2026, down 22.7% year-over-year from $134.4 million in Q2 2025, and down 0.93% quarter-over-quarter from $104.9 million in Q1 2026.
Analysis
Iren (IREN) Gross Profit (2021 - 2026) Analysis & Trends
Iren (IREN) has reported Gross Profit for 6 consecutive years, with $103.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Profit fell 22.7% year-over-year to $103.9 million in Q2 2026; TTM through Jun 2026 was $487.3 million, a 42.47% increase from a year earlier, with the FY2026 full-year figure at $487.3 million, up 42.47% from the prior year.
- Gross Profit was $103.9 million for Q2 2026 at Iren, down from $104.9 million in the prior quarter.
- Over five years, Gross Profit peaked at $159.6 million in Q3 2025 and troughed at -$14.9 million in Q2 2024.
- A 5-year average of $63.3 million and a median of $48.8 million in 2024 frame the typical range for Gross Profit.
- Across the five-year window, Gross Profit tumbled 242.68% in 2024 and surged 1002.46% in 2025, its largest moves.
- Over 5 years, Gross Profit stood at $10.1 million in 2022, then soared by 255.73% to $36.0 million in 2023, then soared by 132.66% to $83.8 million in 2024, then soared by 41.84% to $118.9 million in 2025, then slipped by 12.65% to $103.9 million in 2026.
- The last three Gross Profit figures came in at $103.9 million (Q2 2026), $104.9 million (Q1 2026), and $118.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 103.89 Mn |
| Mar 31, 2026 | 104.86 Mn |
| Dec 31, 2025 | 118.93 Mn |
| Sep 30, 2025 | 159.62 Mn |
| Jun 30, 2025 | 134.40 Mn |
| Mar 31, 2025 | 102.87 Mn |
| Dec 31, 2024 | 83.85 Mn |
| Sep 30, 2024 | 20.91 Mn |
| Jun 30, 2024 | -14.89 Mn |
| Mar 31, 2024 | 48.85 Mn |
| Dec 31, 2023 | 36.04 Mn |
| Sep 30, 2023 | 30.12 Mn |
| Jun 30, 2023 | -4.35 Mn |
| Mar 31, 2023 | 14.42 Mn |
| Dec 31, 2022 | 10.13 Mn |
| Dec 31, 2021 | 18.23 Mn |