IREN (IREN)
Builds renewable-power-oriented data centers for Bitcoin mining and AI cloud workloads.
$48.27
vs last close+1.03 (+2.19%)
In millions of USD, except per-share figures
| In millions | Q1 FY24Sep 2023 | Q2 FY24Dec 2023 | Q3 FY24Mar 2024 | Q4 FY24Jun 2024 | Q1 FY25Sep 2024 | Q2 FY25Dec 2024 | Q3 FY25Mar 2025 | Q4 FY25Jun 2025 | Q1 FY26Sep 2025 | Q2 FY26Dec 2025 | Q3 FY26Mar 2026 | Q4 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 42 | 54 | 57 | 53 | 116 | 145 | 187 | 240 | 185 | 145 | 137 |
| Cost of revenue | 4 | 4 | 4 | 9 | 37 | 37 | 47 | 137 | 81 | 66 | 40 | 33 |
| Gross profit | 30 | 38 | 50 | 47 | 16 | 79 | 98 | 50 | 160 | 119 | 105 | 104 |
| 38 | 40 | 44 | 70 | 63 | 61 | 70 | 34 | 236 | 235 | 338 | 724 | |
| 9 | 12 | 8 | 19 | 19 | 22 | 22 | 93 | 102 | 90 | 72 | 128 | |
| Selling & marketing | 0 | 0 | 0 | 2 | 1 | 1 | 1 | 3 | 3 | 2 | 9 | 0 |
| General & administrative | 9 | 12 | 8 | 17 | 18 | 22 | 21 | 90 | 99 | 88 | 63 | 0 |
| Other expenses | 28 | 28 | 36 | 51 | 44 | 39 | 48 | −60 | 134 | 145 | 267 | 596 |
| Operating income | −7 | −2 | 6 | −23 | −47 | 18 | 28 | 17 | −76 | −116 | −234 | −620 |
| 3 | −4 | 6 | −4 | −3 | −37 | −39 | 76 | 652 | −222 | −21 | −72 | |
| Interest income | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 7 | 16 | 22 | 36 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 0 | 9 | 11 | 15 | 24 |
| Other non-operating income | −3 | 4 | −6 | 4 | 3 | 35 | 35 | −73 | −16 | −32 | −140 | −475 |
| Income before tax | −4 | −6 | 12 | −27 | −50 | −19 | −11 | 93 | 575 | −338 | −254 | −692 |
| Income tax expense | 1 | −1 | 3 | 0 | 1 | 3 | 5 | −3 | 191 | −183 | −6 | −8 |
| Net income from continuing operations | −5 | −5 | 9 | −27 | −52 | −22 | −16 | 96 | 385 | −155 | −248 | −684 |
| Net income | −5 | −5 | 9 | −27 | −52 | −22 | −16 | 96 | 385 | −155 | −248 | −684 |
| EPS, basic | −$0.08 | −$0.05 | $0.08 | −$0.15 | −$0.27 | −$0.10 | −$0.07 | $0.69 | $1.42 | −$0.52 | −$0.74 | −$1.98 |
| EPS, diluted | −$0.08 | −$0.05 | $0.08 | −$0.15 | −$0.27 | −$0.10 | −$0.07 | $0.69 | $1.08 | −$0.52 | −$0.74 | −$1.98 |
| Weighted average shares, basic | 65 | 73 | 104 | 186 | 189 | 210 | 219 | 257 | 271 | 298 | 334 | 362 |
| Weighted average shares, diluted | 65 | 73 | 112 | 186 | 189 | 210 | 219 | 257 | 362 | 298 | 334 | 362 |
| EBITDA | 3 | 1 | 21 | 0 | −16 | 19 | 40 | 153 | 25 | 15 | 28 | −33 |
| Depreciation & amortization | 8 | 8 | 9 | 27 | 34 | 36 | 47 | 63 | 85 | 99 | 121 | 112 |
| EBIT | −4 | −6 | 12 | −27 | −50 | −17 | −7 | 90 | −60 | −85 | −93 | −145 |
