IREN · Iren Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | FY 2025 | Q1 '25 | FY 2024 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144.79M | $116.14M | $52.76M | - | - | - | $54.35M | - | - | - |
| Cost of Revenue | $39.93M | $65.76M | $31.86M | - | - | - | - | - | - | - |
| Gross Profit | $104.86M | $50.38M | $20.91M | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $29.10M | $28.89M | $25.17M | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $47.31M | $99.18M | $33.93M | - | - | - | - | - | - | - |
| Operating Income | $29.21M | $17.31M | ($76.41M) | - | $35.53M | - | $31.10M | - | - | - |
| Interest Expense | $4.12M | $10.67M | $22.0K | - | - | - | - | - | - | - |
| Income Tax | $5.04M | ($182.52M) | $1.28M | - | $5.04M | - | $3.00M | - | - | - |
| Net Income | ($16.14M) | ($155.41M) | $384.61M | - | $24.23M | - | $18.88M | - | - | - |
| EPS - Basic | ($0.74) | ($0.52) | ($0.27) | - | $0.00 | - | $0.00 | - | - | - |
| EPS - Diluted | ($0.07) | ($0.10) | $1.08 | - | $0.00 | - | $0.00 | - | - | - |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | FY 2025 | Q1 '25 | FY 2024 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.21B | $3.26B | $1.03B | $564.53M | - | $184.33M | - | $427.27M | $98.59M | $404.60M |
| Accounts Receivable | $69.09M | $9.61M | $24.14M | $1.56M | - | $2.0K | - | $88.0K | $126.0K | $152.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $97.05M | $232.59M | $70.94M | $81.75M | - | $172.27M | - | $144.56M | $120.76M | $27.34M |
| Current Assets | $2.42B | $3.38B | $1.12B | $641.17M | - | $255.91M | - | $525.19M | $158.79M | $452.38M |
| Total Assets | $7.26B | $7.03B | $4.27B | $2.94B | - | $1.99B | - | $1.85B | $1.28B | $1.15B |
| Current Liabilities | $651.36M | $682.13M | $203.75M | $149.35M | - | $553.11M | - | $559.04M | $146.04M | $51.07M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.60B | $4.52B | $1.39B | $1.12B | - | $564.19M | - | $565.81M | $151.66M | $55.35M |
| Stockholders' Equity | $1.34B | $1.25B | $1.13B | $1.82B | - | $1.43B | - | $1.29B | $1.13B | $1.10B |
| Retained Earnings | ($614.79M) | ($366.96M) | ($211.56M) | ($596.17M) | - | ($691.84M) | - | ($716.06M) | ($734.94M) | ($683.11M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | FY 2025 | Q1 '25 | FY 2024 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $142.35M | - | - | - | ($3.82M) | - | - | - |
| Investing Cash Flow | - | - | ($280.88M) | - | - | - | ($387.14M) | - | - | - |
| Financing Cash Flow | - | - | $84.67M | - | - | - | $84.57M | - | - | - |
| CapEx | - | - | $105.83M | - | - | $411.35M | - | - | - | - |
| Free Cash Flow | - | - | $36.52M | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | FY 2025 | Q1 '25 | FY 2024 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 72.4% | 43.4% | 39.6% | - | - | - | - | - | - | - |
| Operating margin | 20.2% | 14.9% | -144.8% | - | - | - | 57.2% | - | - | - |
| EBITDA margin | 52.9% | 100.3% | -80.5% | - | - | - | - | - | - | - |
| Net margin | -11.1% | -133.8% | 728.9% | - | - | - | 34.7% | - | - | - |
| Free cash flow margin | - | - | 69.2% | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 0.09 | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 20.1% | 24.9% | 47.7% | - | - | - | - | - | - | - |
| Effective tax rate | - | - | 0.3% | - | 17.2% | - | 13.7% | - | - | - |
| Return on assets | -0.2% | -2.2% | 9.0% | - | - | - | - | - | - | - |
| Return on equity | -1.2% | -12.5% | 34.0% | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.72 | 4.96 | 5.52 | 4.29 | - | 0.46 | - | 0.94 | 1.09 | 8.86 |
| Quick ratio | 3.72 | 4.96 | 5.52 | 4.29 | - | 0.46 | - | 0.94 | 1.09 | 8.86 |
| Cash ratio | 3.40 | 4.78 | 5.07 | 3.78 | - | 0.33 | - | 0.76 | 0.68 | 7.92 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 7.1x | 1.6x | -3473.0x | - | - | - | - | - | - | - |
| Equity multiplier | 5.40 | 5.64 | 3.78 | 1.62 | - | 1.40 | - | 1.44 | 1.13 | 1.05 |
| Liabilities / Assets | 0.63 | 0.64 | 0.33 | 0.38 | - | 0.28 | - | 0.31 | 0.12 | 0.05 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | 0.02 | 0.01 | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 174d | 30d | 167d | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 887d | 1291d | 813d | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 43.5x | - | 5536.4x | - | 10911.1x | - | - | - |
| P / B | 5.6x | 6.4x | 15.0x | - | - | - | - | - | - | - |
| P / S | 51.8x | 68.4x | 321.7x | - | - | - | 38.0x | - | - | - |
| EV / EBITDA | 69.0x | 40.3x | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | 27.7% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | 39.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | 14.2% | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | 28.3% | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | 22.2% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -31.5% | -20.8% | 65.6% | - | 110.5% | - | 236.9% | 263.8% | 259.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$501.02M totalBitcoin Mining Revenue$484.63M · 96.7%
AICloud Services$16.39M · 3.3%
Geographic
$501.02M totalAU$484.63M · 96.7%
CA$16.39M · 3.3%
Peer comparison
Same SIC group: Finance Services
Comparing IREN Ltd against the 5 most active filers in the same SIC group.