Iris Historical Income Statement

IREN Stock  USD 14.27  1.34  10.36%   
Historical analysis of Iris Energy income statement accounts such as Selling General Administrative of 42.6 M or Total Revenue of 198.2 M can show how well Iris Energy performed in making a profits. Evaluating Iris Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Iris Energy's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Iris Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Iris Energy is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.

About Iris Income Statement Analysis

Iris Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Iris Energy shareholders. The income statement also shows Iris investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Iris Energy Income Statement Chart

At this time, Iris Energy's Net Interest Income is very stable compared to the past year. As of the 4th of December 2024, Interest Income is likely to grow to about 6.1 M, while Interest Expense is likely to drop about 240.3 K.

Total Revenue

Total revenue comprises all receipts Iris Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Iris Energy. It is also known as Iris Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Iris Energy income statement and represents the costs associated with goods and services Iris Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Iris Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Iris Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.At this time, Iris Energy's Net Interest Income is very stable compared to the past year. As of the 4th of December 2024, Interest Income is likely to grow to about 6.1 M, while Interest Expense is likely to drop about 240.3 K.
 2021 2022 2023 2024 (projected)
Other Operating Expenses441.5M124.0M215.1M145.3M
Total Revenue59.0M75.5M188.8M198.2M

Iris Energy income statement Correlations

1.00.980.51-0.52-0.160.030.980.47-0.150.04-0.160.790.150.950.980.98-0.141.0
1.00.980.51-0.55-0.180.010.990.48-0.170.03-0.180.80.10.930.980.97-0.171.0
0.980.980.6-0.38-0.22-0.040.960.57-0.22-0.08-0.230.810.10.970.991.0-0.210.98
0.510.510.6-0.22-0.88-0.80.591.0-0.87-0.83-0.880.84-0.590.40.50.59-0.870.5
-0.52-0.55-0.38-0.220.280.18-0.61-0.190.28-0.080.29-0.510.2-0.24-0.36-0.350.28-0.52
-0.16-0.18-0.22-0.880.280.98-0.3-0.891.00.941.0-0.630.860.02-0.11-0.211.0-0.15
0.030.01-0.04-0.80.180.98-0.12-0.810.980.950.98-0.490.90.20.08-0.030.980.04
0.980.990.960.59-0.61-0.3-0.120.56-0.29-0.08-0.30.86-0.020.890.950.95-0.290.98
0.470.480.571.0-0.19-0.89-0.810.56-0.88-0.85-0.890.81-0.60.380.470.57-0.880.46
-0.15-0.17-0.22-0.870.281.00.98-0.29-0.880.931.0-0.630.870.03-0.1-0.21.0-0.14
0.040.03-0.08-0.83-0.080.940.95-0.08-0.850.930.93-0.470.840.120.03-0.080.940.05
-0.16-0.18-0.23-0.880.291.00.98-0.3-0.891.00.93-0.640.870.02-0.11-0.211.0-0.15
0.790.80.810.84-0.51-0.63-0.490.860.81-0.63-0.47-0.64-0.420.660.750.8-0.640.78
0.150.10.1-0.590.20.860.9-0.02-0.60.870.840.87-0.420.320.210.120.890.16
0.950.930.970.4-0.240.020.20.890.380.030.120.020.660.320.990.970.030.95
0.980.980.990.5-0.36-0.110.080.950.47-0.10.03-0.110.750.210.990.99-0.090.98
0.980.971.00.59-0.35-0.21-0.030.950.57-0.2-0.08-0.210.80.120.970.99-0.20.98
-0.14-0.17-0.21-0.870.281.00.98-0.29-0.881.00.941.0-0.640.890.03-0.09-0.2-0.13
1.01.00.980.5-0.52-0.150.040.980.46-0.140.05-0.150.780.160.950.980.98-0.13
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Iris Energy Account Relationship Matchups

Iris Energy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization762.2K933.9K7.7M30.9M50.7M53.2M
Interest Expense102K14.5M32.2M15.3M253K240.4K
Selling General Administrative1.7M4.0M6.8M27.1M40.5M42.6M
Total Revenue2.2M7.8M59.0M75.5M188.8M198.2M
Other Operating Expenses3.8M8.2M441.5M124.0M215.1M145.3M
Operating Income(1.7M)(2.3M)462K(153.9M)(26.3M)(27.6M)
Ebit(1.7M)(44.3M)(384.8M)(153.1M)(25.2M)(26.5M)
Ebitda(932K)(43.4M)(377.1M)(122.3M)25.4M26.7M
Cost Of Revenue1.3M2.7M7.4M17.9M22.2M23.3M
Total Operating Expenses2.4M5.5M434.0M106.1M192.9M135.9M
Income Before Tax(2.1M)(59.3M)(417.0M)(169.5M)(25.5M)(26.8M)
Total Other Income Expense Net(453K)(58.8M)(417.4M)(15.6M)831K872.6K
Net Income Applicable To Common Shares(3.2M)(80.5M)(419.8M)(171.9M)(154.7M)(162.4M)
Net Income(2.1M)(60.5M)(419.8M)(171.9M)(29.0M)(30.4M)
Income Tax Expense(12K)1.2M2.7M2.4M3.5M1.8M

Pair Trading with Iris Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Iris Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Iris Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Iris Stock

  0.77V Visa Class APairCorr
  0.82CG Carlyle GroupPairCorr
  0.88MA MastercardPairCorr
  0.87MS Morgan Stanley Fiscal Year End 21st of January 2025 PairCorr
  0.87APO Apollo Global ManagementPairCorr

Moving against Iris Stock

  0.43SWIN Solowin Holdings OrdinaryPairCorr
The ability to find closely correlated positions to Iris Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iris Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iris Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iris Energy to buy it.
The correlation of Iris Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iris Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iris Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Iris Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Iris Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Iris Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Iris Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Iris Energy Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iris Energy. If investors know Iris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.48)
Revenue Per Share
1.894
Quarterly Revenue Growth
0.679
Return On Assets
(0.02)
Return On Equity
(0.04)
The market value of Iris Energy is measured differently than its book value, which is the value of Iris that is recorded on the company's balance sheet. Investors also form their own opinion of Iris Energy's value that differs from its market value or its book value, called intrinsic value, which is Iris Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iris Energy's market value can be influenced by many factors that don't directly affect Iris Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iris Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iris Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iris Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.