Iren (IREN) Operating Margin (2021 - 2026)
Iren's (IREN) quarterly Operating Margin came in at 452.09% in Q2 2026, down 46164.0% year-over-year from N/an in Q2 2025, and down 180.32% quarter-over-quarter from 161.28% in Q1 2026.
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Iren (IREN) Operating Margin (2021 - 2026) Analysis & Trends
Iren (IREN) has reported Operating Margin for 6 consecutive years, with 452.09% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 46164.0% year-over-year to 452.09% in Q2 2026; TTM through Jun 2026 was 148.05%, a 15151.0% decrease from a year earlier, with the FY2026 full-year figure at 148.05%, down 15151.0% from the prior year.
- Operating Margin was 452.09% for Q2 2026 at Iren, down from 161.28% in the prior quarter.
- Over five years, Operating Margin peaked at 20.17% in Q1 2025 and troughed at 930.91% in Q4 2022.
- A 5-year average of 121.28% and a median of 31.88% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 95851 bps in 2022 and surged 92563 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 930.91% in 2022, then jumped by 99 bps to 5.28% in 2023, then jumped by 382 bps to 14.9% in 2024, then plunged by 523 bps to 63.03% in 2025, then slumped by 617 bps to 452.09% in 2026.
- The last three Operating Margin figures came in at 452.09% (Q2 2026), 161.28% (Q1 2026), and 63.03% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -25.50% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -452.09% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -275.36% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -137.42% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -297.96% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -44.47% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -462.62% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -61.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -452.09% |
| Mar 31, 2026 | -161.28% |
| Dec 31, 2025 | -63.03% |
| Sep 30, 2025 | -31.80% |
| Jun 30, 2025 | 9.55% |
| Mar 31, 2025 | 20.17% |
| Dec 31, 2024 | 14.90% |
| Sep 30, 2024 | -89.24% |
| Jun 30, 2024 | -41.17% |
| Mar 31, 2024 | 11.28% |
| Dec 31, 2023 | -5.28% |
| Sep 30, 2023 | -21.57% |
| Jun 30, 2023 | -46.81% |
| Mar 31, 2023 | -31.88% |
| Dec 31, 2022 | -930.91% |
| Dec 31, 2021 | 27.60% |