Iren (IREN) Net Margin (2021 - 2026)
Iren's (IREN) quarterly Net Margin came in at 498.44% in Q2 2026, down 59275.0% year-over-year from N/an in Q2 2025, and down 191.22% quarter-over-quarter from 171.16% in Q1 2026.
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Iren (IREN) Net Margin (2021 - 2026) Analysis & Trends
Iren (IREN) has reported Net Margin for 6 consecutive years, with 498.44% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 59275.0% year-over-year to 498.44% in Q2 2026; TTM through Jun 2026 was 99.38%, a 13262.0% decrease from a year earlier, with the FY2026 full-year figure at 99.38%, down 11672.0% from the prior year.
- Net Margin was 498.44% for Q2 2026 at Iren, down from 171.16% in the prior quarter.
- Over five years, Net Margin peaked at 160.06% in Q3 2025 and troughed at 498.44% in Q2 2026.
- A 5-year average of 38.64% and a median of 13.74% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 15655 bps in 2025 and plunged 59275 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 102.6% in 2022, then plunged by 82 bps to 18.04% in 2023, then tumbled by 157 bps to 10.31% in 2024, then sank by 716 bps to 84.14% in 2025, then tumbled by 492 bps to 498.44% in 2026.
- The last three Net Margin figures came in at 498.44% (Q2 2026), 171.16% (Q1 2026), and 84.14% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -179.60% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -498.44% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -236.35% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -136.12% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -348.63% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -40.33% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -213.59% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -180.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -498.44% |
| Mar 31, 2026 | -171.16% |
| Dec 31, 2025 | -84.14% |
| Sep 30, 2025 | 160.06% |
| Jun 30, 2025 | 94.31% |
| Mar 31, 2025 | 0.03% |
| Dec 31, 2024 | -10.31% |
| Sep 30, 2024 | 3.51% |
| Jun 30, 2024 | -58.38% |
| Mar 31, 2024 | -13.74% |
| Dec 31, 2023 | 18.04% |
| Sep 30, 2023 | -10.43% |
| Jun 30, 2023 | -41.59% |
| Mar 31, 2023 | -55.71% |
| Dec 31, 2022 | 102.60% |
| Jun 30, 2022 | -31.79% |
| Mar 31, 2022 | -59.67% |
| Dec 31, 2021 | -49.27% |