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IREN (IREN) is a Information Technology company in the Russell 1000. Latest news and coverage below.
IREN revenue & net income history (FY2020–FY2026)
| FY2020Jun 2020 | FY2021Jun 2021 | FY2022Jun 2022 | FY2023Jun 2023 | FY2024Jun 2024 | FY2025Jun 2025 | FY2026Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $2.17M | $7.90M | $59.0M | $75.5M | $187.2M | $501.0M | $707.0M |
| Growth (year over year) | — | +263.3% | +647.5% | +27.9% | +147.9% | +167.7% | +41.1% |
| Gross profit | — | — | — | $36.1M | $100.1M | $342.0M | $487.3M |
| Gross margin | — | — | — | 47.8% | 53.5% | 68.3% | 68.9% |
| Operating income | −$1.68M | −$524.0K | $307.0K | −$157.2M | −$27.2M | $17.3M | −$1.05B |
| Operating margin | −77.1% | −6.6% | 0.5% | −208.2% | −14.5% | 3.5% | −148.0% |
| Net income | −$2.14M | −$60.4M | −$419.8M | −$171.8M | −$28.9M | $86.9M | −$702.6M |
| Net margin | −98.5% | −764.6% | −711.0% | −227.6% | −15.4% | 17.4% | −99.4% |
| EPS (diluted) | −$0.13 | −$2.93 | −$10.25 | −$3.14 | −$0.29 | $0.39 | −$2.22 |
| Balance sheet | |||||||
| Cash and equivalents | $1.96M | $39.0M | $110.0M | $68.9M | $404.6M | $564.5M | $5.90B |
| Total assets | $11.6M | $134.5M | $570.5M | $332.1M | $1.15B | $2.94B | $15.8B |
| Total liabilities | $2.75M | $183.9M | $133.1M | $26.7M | $55.3M | $1.12B | $11.6B |
| Long-term debt | — | — | — | — | — | $962.8M | $7.42B |
| Shareholders' equity | $8.82M | −$49.5M | $437.4M | $305.4M | $1.10B | $1.82B | $4.19B |
| Cash flow | |||||||
| Operating cash flow | −$987.0K | $1.76M | −$37.5M | $5.73M | $52.2M | $245.9M | $2.10B |
| Capital expenditure | $3.91M | $7.30M | $83.7M | $116.1M | $141.9M | $573.5M | $3.00B |
| Free cash flow | −$4.90M | −$5.54M | −$121.1M | −$110.3M | −$89.6M | −$327.6M | −$897.6M |
| Dividends paid | — | $0 | $0 | $0 | $0 | — | — |
| Q1 FY25Sep 2024 | Q2 FY25Dec 2024 | Q3 FY25Mar 2025 | Q4 FY25†Jun 2025 | Q1 FY26Sep 2025 | Q2 FY26Dec 2025 | Q3 FY26Mar 2026 | Q4 FY26†Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $52.8M | $116.1M | $144.8M | $187.3M | $240.3M | $184.7M | $144.8M | $137.2M |
| Growth (year over year) | +53.4% | +172.8% | +166.5% | +235.2% | +355.4% | +59.0% | −0.0% | −26.7% |
| Gross profit | $20.9M | $83.8M | $102.9M | $134.4M | $159.6M | $118.9M | $104.9M | $103.9M |
| Gross margin | 39.6% | 72.2% | 71.0% | 71.8% | 66.4% | 64.4% | 72.4% | 75.7% |
| Operating income | −$47.1M | $17.3M | $29.2M | $17.9M | −$76.4M | −$116.4M | −$233.5M | −$620.4M |
| Operating margin | −89.2% | 14.9% | 20.2% | 9.6% | −31.8% | −63.0% | −161.3% | −452.1% |
| Net income | −$51.7M | −$21.9M | −$16.1M | $176.7M | $384.6M | −$155.4M | −$247.8M | −$684.0M |
| Net margin | −98.0% | −18.8% | −11.1% | 94.3% | 160.1% | −84.1% | −171.2% | −498.4% |
| EPS (diluted) | −$0.27 | −$0.10 | −$0.07 | $0.83 | $1.08 | −$0.52 | −$0.74 | −$2.04 |
| Balance sheet | ||||||||
| Cash and equivalents | $98.6M | $427.3M | $184.3M | $564.5M | $1.03B | $3.26B | $2.21B | $5.90B |
| Total assets | $1.28B | $1.85B | $1.99B | $2.94B | $4.27B | $7.03B | $7.26B | $15.8B |
| Total liabilities | $151.7M | $565.8M | $564.2M | $1.12B | $1.39B | $4.52B | $4.60B | $11.6B |
| Long-term debt | — | — | — | $962.8M | — | — | — | $7.42B |
| Shareholders' equity | $1.13B | $1.25B | $1.34B | $1.82B | $2.88B | $2.51B | $2.66B | $4.19B |
| Cash flow | ||||||||
| Operating cash flow | −$3.92M | $53.6M | $93.1M | $103.1M | $142.4M | $71.7M | $75.3M | $1.81B |
| Capital expenditure | $105.8M | $139.1M | $144.5M | $184.1M | $180.3M | $539.7M | $949.2M | $1.33B |
| Free cash flow | −$109.7M | −$85.5M | −$51.3M | −$81.0M | −$38.0M | −$468.0M | −$873.8M | $482.2M |
From IREN's 10-K, 10-Q, 20-F and 6-K filings with the SEC; its fiscal year ends in June. Each period shows the latest figure the company has reported for it, including restatements. Per-share figures are per ordinary share, which is not always the share traded in the US: an ADS can stand for several, or for part of one. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About IREN
IREN Ltd, headquartered in Sydney, New South Wales, Australia, provides cloud computing infrastructure and services for artificial intelligence (AI). The company develops, owns and operates data centres and provides GPU computing, software and managed services for training and running AI models. As of August 2026, IREN reported a global data centre development pipeline exceeding 5 GW, with projects across North America, Europe and Australia. The company locates its facilities in regions with substantial renewable electricity generation and purchases renewable energy certificates to match its electricity consumption. IREN also operates Bitcoin mining facilities, which it is progressively converting to support its expanding AI cloud business.
- Headquarters
- Sydney, Australia From SEC filings, Oct 2026
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