TTM
53.6%
YoY change
+24.40pp
Trough year (FY2023)
28.0%
Peak year (FY2022)
87.4%
Latest annual
68.3%
Gross Margin history chart for IREN (IREN) from 2020 to 2025
Latest: 68.3%
Gross Margin change chart for IREN (IREN) from 2020 to 2025
Latest: +24.40pp
Gross Margin history table for IREN (IREN) from 2020 to 2025
| FY2025 | 68.3% | +24.40pp | ||
| FY2024 | 43.9% | +15.90pp | ||
| FY2023 | 28.0% | -59.41pp | ||
| FY2022 | 87.4% | +15.51pp | ||
| FY2021 | 71.9% | +14.20pp | ||
| FY2020 | 57.7% | — |
- FY202568.3%+24.40pp
- FY202443.9%+15.90pp
- FY202328.0%-59.41pp
- FY202287.4%+15.51pp
- FY202171.9%+14.20pp
- FY202057.7%—
Gross Margin values are taken from IREN's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at IREN (IREN)
According to IREN's latest reported financial statements, the company's latest reported gross margin is 53.6%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, IREN (IREN) gross margin totalled 68.27% – expanded 24.4 percentage points year-over-year.
Across the available history, gross margin reached its high of 87.38% in 2022 and its low of 27.97% in 2023.
IREN Gross Margin by Year
IREN Gross Margin 2025: 68.3%
IREN posted gross margin of 68.27% in 2025, expanded 24.4 percentage points from 2024.
IREN Gross Margin 2024: 43.9%
In 2024, IREN reported gross margin of 43.87%, expanded 15.9 percentage points from 2023.
IREN Gross Margin 2023: 28.0%
IREN gross margin in 2023 was 27.97%, contracted 59.4 percentage points from 2022. This figure represents the lowest annual value in the available history.
IREN Gross Margin 2022: 87.4%
2022's gross margin for IREN came in at 87.38%, expanded 15.5 percentage points from 2021. This figure represents the highest annual value in the available history.
IREN Gross Margin 2021: 71.9%
IREN gross margin in 2021 was 71.88%.
See more financial history for IREN (IREN).
Sector peers by Gross Margin
Technology peers of IREN (IREN), ranked by their latest gross margin
| 74.1% | |
| 72.6% | |
| 68.3% | |
| 67.0% | |
| 64.2% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 64.2%
- 50.3%
- 47.9%
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