IREN LtdIRENEarnings & Financial Report
Nasdaq · Bitcoin mining
IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada.
NextMar 20, 2026
IREN Q2 2026 Key Financial Metrics
Revenue
$184.7M
Gross Profit
$118.9M
Operating Profit
$-116.4M
Net Profit
$-155.4M
Gross Margin
64.4%
Operating Margin
-63.0%
Net Margin
-84.1%
YoY Growth
59.0%
EPS
$-0.52
Financial Flow
IREN Ltd Q2 2026 Financial Summary
IREN Ltd reported revenue of $184.7M for Q2 2026, with a net profit of $-155.4M (-84.1% margin). Cost of goods sold was $65.8M, operating expenses totaled $235.3M.
Key Financial Metrics
| Total Revenue | $184.7M |
|---|---|
| Net Profit | $-155.4M |
| Gross Margin | 64.4% |
| Operating Margin | -63.0% |
| Report Period | Q2 2026 |
Income Statement
| Q2 2023 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $42.6M | $54.3M | $52.8M | $116.1M | $240.3M | $184.7M |
| YoY Growth | N/A | 209.5% | N/A | N/A | 172.8% | 355.4% | 59.0% |
Balance Sheet
| Q2 2023 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|
| Assets | $412.0M | $417.2M | $723.6M | $1.28B | $1.85B | $4.27B | $7.03B |
| Liabilities | $141.8M | $35.3M | $46.4M | $151.7M | $565.8M | $1.39B | $4.52B |
| Equity | $270.1M | $381.8M | $677.2M | $1.13B | $1.25B | $2.88B | $2.51B |
Cash Flow
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|
| Operating CF | $17.4M | $26.6M | $-3.9M | $53.6M | $142.4M | $71.7M |
