IREN revenue and financials
$41.28Change from previous close: +1.98%Absolute change: +$0.80
In the fiscal year ended June 2026, IREN reported revenue of $707.01M (+41.11% year over year). The net loss was $702.62M.
Fiscal year ending in June. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +41.11%
- FY to Jun 2026 vs FY to Jun 2025
- Net margin
- -99.4%
- FY to Jun 2025: 17.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 137 | 145 | 185 | 240 | 187 | 145 | 116 | 52.8 | 55.9 | 54.3 | 42.6 | 34.4 |
| Cost of revenue | 33.3 | 39.9 | 65.8 | 80.7 | 52.9 | 42.0 | 32.3 | 31.9 | 74.2 | 4.3 | 4.3 | 4.2 |
| Gross profit | 104 | 105 | 119 | 160 | 134 | 103 | 83.9 | 20.9 | -18.4 | 50.0 | 38.2 | 30.2 |
| Selling, general and administrative | 102 | 71.8 | 90.1 | 102 | 47.0 | 26.8 | 26.9 | 22.7 | 1.2 | 24.7 | 21.3 | 23.4 |
| Operating income | -141 | -93.3 | -84.7 | -60.1 | 15.9 | 27.7 | 16.3 | -39.3 | -13.6 | 7.0 | -2.4 | -10.4 |
| EBIT | -141 | -93.3 | -84.7 | -60.1 | 15.9 | 27.7 | 16.3 | -39.3 | -13.6 | 7.0 | -2.4 | -10.4 |
| EBITDA | -29.2 | 27.9 | 14.5 | 25.1 | 79.7 | 75.0 | 52.4 | -5.3 | 13.0 | 15.7 | 5.1 | -2.8 |
| Interest expense | 24.5 | 14.8 | 10.7 | 9.3 | 5.2 | 4.1 | 1.7 | 0.0 | — | 0.1 | 0.0 | 0.0 |
| Pre-tax income | -692 | -254 | -338 | 575 | 174 | -11.1 | -18.9 | -50.4 | -26.8 | 12.1 | -6.3 | -4.5 |
| Income tax | -8.0 | -6.3 | -183 | 191 | -2.8 | 5.0 | 3.0 | 1.3 | 0.2 | 3.5 | -1.1 | 0.8 |
| Net income | -684 | -248 | -155 | 385 | 177 | -16.1 | -21.9 | -51.7 | -27.0 | 8.6 | -5.2 | -5.3 |
| Net income to common shareholders | -684 | -248 | -155 | 385 | 177 | -16.1 | -21.9 | -51.7 | -27.0 | 8.6 | -5.2 | -5.3 |
| Basic EPS | -1.88 | -0.74 | -0.52 | 1.42 | 0.74 | -0.07 | -0.10 | -0.27 | -0.18 | 0.08 | -0.07 | -0.08 |
| Diluted EPS | -1.88 | -0.74 | -0.52 | 1.08 | 0.65 | -0.07 | -0.10 | -0.27 | -0.18 | 0.08 | -0.07 | -0.08 |
| Average shares (basic) | 363 | 334 | 298 | 271 | 240 | 219 | 210 | 189 | 154 | 112 | 72.7 | 65.3 |
| Average shares (diluted) | 363 | 334 | 298 | 362 | 275 | 219 | 210 | 189 | 154 | 112 | 72.7 | 65.3 |