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Side-by-side financial comparison of IREN Ltd (IREN) and Sprout Social, Inc. (SPT). Click either name above to swap in a different company.
IREN Ltd is the larger business by last-quarter revenue ($184.7M vs $120.9M, roughly 1.5× Sprout Social, Inc.). On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs 12.9%). Sprout Social, Inc. produced more free cash flow last quarter ($9.9M vs $-468.0M).
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.
Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.
IREN vs SPT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.7M | $120.9M |
| Net Profit | $-155.4M | — |
| Gross Margin | 64.4% | 77.6% |
| Operating Margin | -63.0% | -9.0% |
| Net Margin | -84.1% | — |
| Revenue YoY | 59.0% | 12.9% |
| Net Profit YoY | -610.0% | — |
| EPS (diluted) | $-0.52 | $-0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $184.7M | $120.9M | ||
| Q3 25 | $240.3M | $115.6M | ||
| Q2 25 | — | $111.8M | ||
| Q1 25 | — | $109.3M | ||
| Q4 24 | $116.1M | $107.1M | ||
| Q3 24 | $52.8M | $102.6M | ||
| Q2 24 | — | $99.4M | ||
| Q1 24 | $54.3M | $96.8M |
| Q4 25 | $-155.4M | — | ||
| Q3 25 | $384.6M | $-9.4M | ||
| Q2 25 | — | $-12.0M | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-51.7M | $-17.1M | ||
| Q2 24 | — | $-16.9M | ||
| Q1 24 | $8.6M | $-13.6M |
| Q4 25 | 64.4% | 77.6% | ||
| Q3 25 | 66.4% | 77.7% | ||
| Q2 25 | — | 77.7% | ||
| Q1 25 | — | 77.3% | ||
| Q4 24 | 72.2% | 78.1% | ||
| Q3 24 | 39.6% | 77.4% | ||
| Q2 24 | — | 77.5% | ||
| Q1 24 | — | 76.8% |
| Q4 25 | -63.0% | -9.0% | ||
| Q3 25 | -31.8% | -7.9% | ||
| Q2 25 | — | -11.0% | ||
| Q1 25 | — | -10.2% | ||
| Q4 24 | 14.9% | -12.8% | ||
| Q3 24 | -89.2% | -16.4% | ||
| Q2 24 | — | -16.6% | ||
| Q1 24 | 11.1% | -13.7% |
| Q4 25 | -84.1% | — | ||
| Q3 25 | 160.1% | -8.1% | ||
| Q2 25 | — | -10.7% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | -18.8% | — | ||
| Q3 24 | -98.0% | -16.6% | ||
| Q2 24 | — | -17.0% | ||
| Q1 24 | 15.9% | -14.0% |
| Q4 25 | $-0.52 | $-0.18 | ||
| Q3 25 | $1.08 | $-0.16 | ||
| Q2 25 | — | $-0.21 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | $-0.10 | $-0.25 | ||
| Q3 24 | $-0.27 | $-0.30 | ||
| Q2 24 | — | $-0.30 | ||
| Q1 24 | $0.00 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.3B | $95.3M |
| Total DebtLower is stronger | — | $40.0M |
| Stockholders' EquityBook value | $2.5B | $203.4M |
| Total Assets | $7.0B | $523.1M |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.3B | $95.3M | ||
| Q3 25 | $1.0B | $90.6M | ||
| Q2 25 | — | $101.5M | ||
| Q1 25 | — | $100.9M | ||
| Q4 24 | $427.3M | $86.4M | ||
| Q3 24 | $98.6M | $82.9M | ||
| Q2 24 | — | $80.9M | ||
| Q1 24 | $259.7M | $69.2M |
| Q4 25 | — | $40.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $25.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.5B | $203.4M | ||
| Q3 25 | $2.9B | $194.1M | ||
| Q2 25 | — | $184.6M | ||
| Q1 25 | — | $175.3M | ||
| Q4 24 | $1.2B | $166.6M | ||
| Q3 24 | $1.1B | $158.1M | ||
| Q2 24 | — | $152.1M | ||
| Q1 24 | $677.2M | $147.3M |
| Q4 25 | $7.0B | $523.1M | ||
| Q3 25 | $4.3B | $481.4M | ||
| Q2 25 | — | $422.9M | ||
| Q1 25 | — | $424.7M | ||
| Q4 24 | $1.9B | $428.3M | ||
| Q3 24 | $1.3B | $388.8M | ||
| Q2 24 | — | $393.6M | ||
| Q1 24 | $723.6M | $389.9M |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $71.7M | $10.9M |
| Free Cash FlowOCF − Capex | $-468.0M | $9.9M |
| FCF MarginFCF / Revenue | -253.4% | 8.2% |
| Capex IntensityCapex / Revenue | 292.2% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-701.2M | $39.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.7M | $10.9M | ||
| Q3 25 | $142.4M | $9.3M | ||
| Q2 25 | — | $5.1M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | $53.6M | $4.1M | ||
| Q3 24 | $-3.9M | $9.0M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | $-27.1M | $11.2M |
| Q4 25 | $-468.0M | $9.9M | ||
| Q3 25 | $-38.0M | $8.5M | ||
| Q2 25 | — | $4.2M | ||
| Q1 25 | — | $16.7M | ||
| Q4 24 | $-85.5M | $3.3M | ||
| Q3 24 | $-109.7M | $8.5M | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | $-108.3M | $10.1M |
| Q4 25 | -253.4% | 8.2% | ||
| Q3 25 | -15.8% | 7.4% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | -73.6% | 3.0% | ||
| Q3 24 | -208.0% | 8.3% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | -199.4% | 10.4% |
| Q4 25 | 292.2% | 0.9% | ||
| Q3 25 | 75.0% | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 119.7% | 0.8% | ||
| Q3 24 | 200.6% | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | 149.5% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
SPT
Segment breakdown not available.
