Iren (IREN) Net Margin (2021 - 2026)
Iren (IREN) recorded Net Margin of -115.35% in fiscal Q1 2027 (quarter ended Sep 30, 2026), down 275.77 percentage points from 160.42% a year earlier but up 383.10 percentage points from the prior quarter.
Iren (IREN) Net Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Iren's Net Margin came in at -194.36% as of Sep 30, 2026, down 270.44 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it was -99.38%, down 116.73 percentage points from FY2025.
- Annual Net Margin has a five-year change of +665.24 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Net Margin came in at 17.35% in FY2025 (+32.80 pp), -15.45% in FY2024 (+212.11 pp), -227.56% in FY2023 (+483.47 pp) and -711.03% in FY2022 (+53.60 pp).
- Quarterly Net Margin has ranged from -1046.56% in fiscal Q2 2023 to 349.05% in fiscal Q2 2022 over the past five years.
- On a year-over-year basis, Net Margin has declined for four consecutive quarters, with an average year-over-year change of -90.79 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 1034.28 percentage points in fiscal Q2 2024, against a drop of 1395.61 percentage points in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -498.45% (Q4 2026), -171.16% (Q3 2026) and -84.14% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.14 Bn | 22.87 Bn | 3.24 Bn | 8.42% |
| 2 | PayPal Holdings | 49.62 Bn | 8.32 Bn | - | 12.50% |
| 3 | Fiserv | 33.93 Bn | 31.16 Bn | 2.76 Bn | -114.34% |
| 4 | Coinbase Global | 33.79 Bn | -5.85 Bn | - | 59.36% |
| 5 | Corpay | 29.77 Bn | 18.90 Bn | - | 27.38% |
| 6 | Global Payments | 24.30 Bn | -237.28 Mn | 2.01 Bn | 8.50% |
| 7 | Iren | 14.79 Bn | -105.20 Mn | 182.00 Mn | -115.35% |
| 8 | Guidewire Software | 12.98 Bn | 9.54 Bn | 269.68 Mn | 7.64% |
| 9 | Chime Financial | 12.86 Bn | 8.55 Bn | 646.07 Mn | 6.09% |
| 10 | Jack Henry & Associates | 12.37 Bn | 12.28 Bn | 325.50 Mn | 22.87% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -115.35% |
| Jun 30, 2026 | -498.45% |
| Mar 31, 2026 | -171.16% |
| Dec 31, 2025 | -84.14% |
| Sep 30, 2025 | 160.42% |
| Jun 30, 2025 | 94.33% |
| Mar 31, 2025 | -11.15% |
| Dec 31, 2024 | -18.85% |
| Sep 30, 2024 | -97.99% |
| Jun 30, 2024 | -48.44% |
| Mar 31, 2024 | 15.89% |
| Dec 31, 2023 | -12.28% |
| Sep 30, 2023 | -15.41% |
| Jun 30, 2023 | -24.87% |
| Mar 31, 2023 | -18.64% |
| Dec 31, 2022 | -1,046.56% |
| Jun 30, 2022 | 13.23% |
| Mar 31, 2022 | -17.64% |
| Dec 31, 2021 | 349.05% |
Iren Net 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=net-margin&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();