Iren (IREN) Net Margin (2021 - 2026)

Iren (IREN) reported Net Margin of 171.16% for Q1 2026, down 16001.0% year-over-year from N/an in Q1 2025, and down 103.41% quarter-over-quarter from 84.14% in Q4 2025.

Iren (IREN) Net Margin (2021 - 2026) Analysis & Trends

Iren (IREN) has 6 years of Net Margin data on file, last reported at 171.16% in Q1 2026.

  • Net Margin for Q1 2026 came in at 171.16%, down 16001.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.88% (up 5408.0% YoY), and the FY2025 annual result was 17.35%, up 3280.0% from the prior year.
  • Net Margin slipped to 171.16% in Q1 2026 per IREN's latest filing, from 84.14% in the prior quarter.
  • Over five years, Net Margin peaked at 160.06% in Q3 2025 and troughed at 1052.53% in Q4 2022.
  • A 5-year average of 92.42% and a median of 20.07% in 2023 frame the typical range for Net Margin.
  • The sharpest annual moves came in 2022 and 2023: Net Margin plunged 143966 bps in 2022, then surged 103503 bps in 2023.
  • A 5-year view of Net Margin shows it stood at 1052.53% in 2022, then surged by 98 bps to 17.5% in 2023, then retreated by 8 bps to 18.85% in 2024, then slumped by 346 bps to 84.14% in 2025, then plunged by 103 bps to 171.16% in 2026.
  • Business Quant data shows IREN's Net Margin at 171.16% in Q1 2026, 84.14% in Q4 2025, and 160.06% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 26.29%
3 Goldman Sachs 333.85 Bn -603.70 Bn - 31.36%
4 Schwab Charles 160.31 Bn 115.33 Bn - 36.98%
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 32.80%
6 Interactive Brokers 42.79 Bn 53.38 Bn - 16.00%
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 7.22%
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 37.74%
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -171.16%
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 132.82%

Historic Data

Download Data
DateValue
Mar 31, 2026 -171.16%
Dec 31, 2025 -84.14%
Sep 30, 2025 160.06%
Jun 30, 2025 94.33%
Mar 31, 2025 -11.15%
Dec 31, 2024 -18.85%
Sep 30, 2024 -97.99%
Jun 30, 2024 -58.38%
Mar 31, 2024 29.19%
Dec 31, 2023 -17.50%
Sep 30, 2023 -10.64%
Jun 30, 2023 -33.84%
Mar 31, 2023 -21.29%
Dec 31, 2022 -1,052.53%
Dec 31, 2021 387.13%