NASDAQ$IREN
Iris Energy Ltd · Q3 2026 earnings
Q3 2026 earnings · · After market close · Investor relations
Briefing
IREN reported fiscal Q3 2026 revenue of $144.8M with a net loss of $247.8M as fair-value volatility offset bitcoin mining and AI cloud growth.
For the fiscal quarter ended March 31, 2026, IREN reported total revenue of $144.8 million, with bitcoin mining revenue of $111.2 million and AI cloud services revenue of $33.6 million. Net loss was $247.8 million versus $16.1 million a year ago. Nine-month revenue was $569.8 million and the nine-month net loss narrowed to $18.6 million from $89.7 million.
- Q3 revenue $144.8M: mining $111.2M, AI cloud $33.6M.
- Quarterly net loss $247.8M on fair-value and investment volatility.
- Nine-month net loss improved to $18.6M from $89.7M YoY.
Headline financials
Revenue & EPS history
IREN Ltd · Revenue · Quarterly
$145M
Revenue by segment
IREN Ltd · $145M total across 2 segments · Q3 2026
- Bitcoin mining$111M—76.8%
- AI Cloud Services$33.6M—23.2%
Forward guidance
No consolidated EPS guidance; focus on AI cloud capacity and mining expansion.
Tailwinds
- AI cloud revenue scaling from a low base.
- Nine-month loss improved YoY.
Headwinds
- Crypto fair-value swings can overwhelm operating results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q3 2026
+10.4%
Avg return
Earnings day
+2.9%
Avg return
5 days after
-0.8%
Avg return
30 days after
69%
11 / 16 earnings
Positive
+62.1%
Q1 2023
Best reaction
-18.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +5.5% | -4.9% | -3.8% | |
| Q2 2026 | +5.1% | +7.2% | -7.8% | |
| Q1 2026 | -6.8% | -16.8% | -33.2% | |
| Q3 2025 | -3.1% | +8.0% | +23.3% | |
| Q1 2025 | +19.1% | +2.8% | -22.4% | |
| Q2 2025 | +0.5% | -6.9% | -22.5% | |
| Q4 2024 | +8.4% | +0.6% | +12.6% | |
| Q3 2024 | +19.7% | +30.6% | +171.5% | |
| Q2 2024 | -18.0% | -17.2% | -44.6% | |
| Q3 2023 | +13.9% | +8.2% | -30.9% | |
| Q4 2023 | +13.9% | +8.2% | -30.9% | |
| Q1 2023 | +62.1% | +9.2% | -2.0% | |
| Q2 2023 | +62.1% | +46.5% | +16.4% | |
| Q4 2022 | -4.1% | +8.4% | -21.8% | |
| Q3 2022 | -14.1% | -36.2% | -37.2% | |
| Q2 2022 | +2.6% | -1.8% | +20.7% | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
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