Iren (IREN) Operating Margin (2021 - 2026)

Iren has disclosed Operating Margin across 6 years of filings, most recently posting 161.28% for Q1 2026.

• In Q1 2026, Operating Margin fell 18145.0% year-over-year to 161.28%; the TTM figure through Mar 2026 stood at 53.95% (down 4738.0% YoY), while the FY2025 annual figure was 3.46%, up 1801.0% from the prior year.
• Operating Margin slipped to 161.28% in Q1 2026, from 63.03% in the prior quarter.
• Over the last five years, Operating Margin for IREN reached as high as 20.17% in Q1 2025 and fell as low as 930.91% in Q4 2022.
• The 5-year median for Operating Margin is 34.94% (2023), against an average of 98.45%.
• Annual changes were most pronounced in 2022 — Operating Margin tumbled 95851 bps — and 2023, when it soared 92563 bps.
• A 5-year view of Operating Margin shows it stood at 930.91% in 2022, then surged by 99 bps to 5.28% in 2023, then surged by 382 bps to 14.9% in 2024, then sank by 523 bps to 63.03% in 2025, then tumbled by 156 bps to 161.28% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 161.28%, 63.03%, and 31.8% for Q1 2026, Q4 2025, and Q3 2025 respectively.