Iren (IREN) Operating Expenses (2021 - 2026)

Iren has disclosed Operating Expenses across 6 years of filings, most recently posting $81.8 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 3162.94% year-over-year to $81.8 million; the TTM figure through Mar 2026 stood at $491.8 million (up 639.45% YoY), while the FY2025 annual figure was $136.5 million, up 12.71% from the prior year.
• Operating Expenses eased to $81.8 million in Q1 2026, from $100.8 million in the prior quarter.
• Over the last five years, Operating Expenses for IREN reached as high as $171.0 million in Q2 2025 and fell as low as -$11.5 million in Q4 2022.
• The 5-year median for Operating Expenses is -$1.5 million (2023), against an average of $37.8 million.
• Annual changes were most pronounced in 2022 — Operating Expenses slumped 815.46% — and 2025, when it surged 5950.27%.
• A 5-year view of Operating Expenses shows it stood at -$11.5 million in 2022, then soared by 85.58% to -$1.7 million in 2023, then sank by 78.68% to -$3.0 million in 2024, then soared by 3486.72% to $100.8 million in 2025, then retreated by 18.86% to $81.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $81.8 million, $100.8 million, and $138.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.