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.
Revenue
$116.1M
Gross Profit
$83.8M
Operating Profit
$17.3M
Net Profit
$-21.9M
Gross Margin
72.2%
Operating Margin
14.9%
Net Margin
-18.8%
YoY Growth
172.8%
EPS
$-0.10
IREN Ltd Q2 FY2025 Financial Summary
IREN Ltd reported revenue of $116.1M (up 172.8% YoY) for Q2 FY2025, with a net profit of $-21.9M (down 318.7% YoY) (-18.8% margin). Cost of goods sold was $32.3M, operating expenses totaled $66.5M.
Key Financial Metrics
| Total Revenue | $116.1M |
|---|---|
| Net Profit | $-21.9M |
| Gross Margin | 72.2% |
| Operating Margin | 14.9% |
| Report Period | Q2 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.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $184.7M | +59.0% | $-155.4M | -84.1% |
| Q1 FY2026 | $240.3M | +355.4% | $384.6M | 160.1% |
| Q2 FY2025 | $116.1M | +172.8% | $-21.9M | -18.8% |
| Q1 FY2025 | $52.8M | — | $-51.7M | -98.0% |
| Q3 FY2024 | $54.3M | — | $8.6M | 15.9% |
| Q2 FY2024 | $42.6M | +209.5% | $-5.2M | -12.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $42.6M | $54.3M | $52.8M | $116.1M | $240.3M | $184.7M |
| YoY Growth | 209.5% | N/A | N/A | 172.8% | 355.4% | 59.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 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 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|
| Operating CF | $17.4M | $-27.1M | $-3.9M | $53.6M | $142.4M | $71.7M |