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IREN Ltd

IREN LtdIRENEarnings & Financial Report

Nasdaq · Financials · 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.

Q2 2026Q1 2026Q2 2025Q1 2025Q3 2024Q2 2024

Revenue

$52.8M

Gross Profit

$20.9M

Operating Profit

$-47.1M

Net Profit

$-51.7M

Gross Margin

39.6%

Operating Margin

-89.2%

Net Margin

-98.0%

YoY Growth

N/A

EPS

$-0.27

IREN Ltd Q1 FY2025 Financial Summary

IREN Ltd reported revenue of $52.8M for Q1 FY2025, with a net profit of $-51.7M (-98.0% margin). Cost of goods sold was $31.9M, operating expenses totaled $68.0M.

Key Financial Metrics

Total Revenue$52.8M
Net Profit$-51.7M
Gross Margin39.6%
Operating Margin-89.2%
Report PeriodQ1 FY2025

IREN Ltd Quarterly Revenue & Net Profit History

IREN Ltd results over the last 6 reported quarters, including revenue, net profit and year-over-year growth.

QuarterRevenueRevenue YoYNet ProfitNet Margin
Q2 FY2026$184.7M+59.0%$-155.4M-84.1%
Q1 FY2026$240.3M+355.4%$384.6M160.1%
Q2 FY2025$116.1M+172.8%$-21.9M-18.8%
Q1 FY2025$52.8M—$-51.7M-98.0%
Q3 FY2024$54.3M—$8.6M15.9%
Q2 FY2024$42.6M+209.5%$-5.2M-12.3%

Income Statement

Q2 2024Q3 2024Q1 2025Q2 2025Q1 2026Q2 2026
Revenue$42.6M$54.3M$52.8M$116.1M$240.3M$184.7M
YoY Growth209.5%N/AN/A172.8%355.4%59.0%

Balance Sheet

Q2 2024Q3 2024Q1 2025Q2 2025Q1 2026Q2 2026
Assets$417.2M$723.6M$1.28B$1.85B$4.27B$7.03B
Liabilities$35.3M$46.4M$151.7M$565.8M$1.39B$4.52B
Equity$381.8M$677.2M$1.13B$1.25B$2.88B$2.51B

Cash Flow

Q2 2024Q3 2024Q1 2025Q2 2025Q1 2026Q2 2026
Operating CF$17.4M$-27.1M$-3.9M$53.6M$142.4M$71.7M