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Financials · IREN

IREN Limited (IREN) financials

For the twelve months ended Sep 30, 2026, IREN Limited reported $694.71M of revenue and -$1.35B of net income.

Revenue, TTM
$694.71M
Revenue growth, YoY
+0.9%
Net income, TTM
-$1.35B
Net margin
-194.4%
Free cash flow, TTM
-$2.46B
EPS, diluted, TTM
-$3.96
Cash
$3.52B
Total debt
$9.90B
P/S
12.61
Market cap
$8.76B
Annual revenue$707.01M
FY2020FY2026
Annual net income-$702.62M
FY2020FY2026
Annual free cash flow-$897.59M
FY2020FY2026

IREN revenue and earnings growth

IREN revenueQ1 2027$228.00M

Quarter YoY
-5.0%
QoQ
+66.2%
FY YoY
+41.1%
5Y CAGR
+145.7%

IREN revenue was $228.00M in fiscal Q1 2027 (ended Sep 30, 2026), down 5.0% from a year earlier and up 66.2% from the prior quarter. For the full fiscal 2026 it was $707.01M, up 41.1% from fiscal 2025. Compound annual growth was +145.7% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2026 is the highest of the 7 fiscal years on file.

IREN net incomeQ1 2027-$263.00M

IREN net income was -$263.00M in fiscal Q1 2027 (ended Sep 30, 2026), compared with $385.00M a year earlier. For the full fiscal 2026 it was -$702.62M, compared with $86.94M in fiscal 2025.

IREN EPSQ1 2027-$0.66

IREN diluted EPS was -$0.66 in fiscal Q1 2027 (ended Sep 30, 2026), compared with $1.08 a year earlier. For the full fiscal 2026 it was -$2.22.

IREN free cash flowQ1 2027-$1.60B

IREN free cash flow was -$1.60B in fiscal Q1 2027 (ended Sep 30, 2026), compared with -$38.00M a year earlier. For the full fiscal 2026 it was -$897.59M, compared with -$327.57M in fiscal 2025.

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Income statement

Income statement
Line item
FY2026
Jun 30, 2026
FY2025
Jun 30, 2025
FY2024
Jun 30, 2024
FY2023
Jun 30, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Revenue$707.01M$501.02M$187.19M$75.51M$59.04M$7.90M$2.17M
Cost of revenue$219.71M$158.99M$87.07M$39.42M---
Gross profit$487.30M$342.03M$100.13M$36.09M---
Selling, general and admin$449.12M$136.46M$70.42M$49.00M---
Operating income-$1.05B$17.33M-$27.23M-$157.24M$307.0K-$524.0K-$1.68M
Interest expense$59.25M$11.04M$98.0K$16.21M$5.34M$311.0K$102.0K
Pre-tax income-$708.68M$93.50M-$25.47M-$169.44M-$417.05M-$59.15M-$2.14M
Income tax-$6.06M$6.56M$3.45M$2.39M$2.72M$1.24M$0
Net income-$702.62M$86.94M-$28.92M-$171.83M-$419.77M-$60.39M-$2.14M
EPS, basic-$2.22$0.41-$0.29-$3.14-$10.25-$2.93-$0.13
EPS, diluted-$2.22$0.39-$0.29-$3.14-$10.25-$2.93-$0.13
Diluted shares316.1M223.2M99.6M54.8M40.9M20.6M16.1M

Balance sheet

Balance sheet
Line item
FY2026
Jun 30, 2026
FY2025
Jun 30, 2025
FY2024
Jun 30, 2024
FY2023
Jun 30, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Cash and equivalents$5.90B$565.00M$404.60M$68.89M$109.97M$38.99M$1.96M
Short-term investments-$0$6.53M$0$0--
Receivables$21.00M$1.56M$152.0K----
Current assets$7.89B$641.17M$452.38M$89.23M$160.25M$40.43M$2.57M
Goodwill$36.00M$0$0$0$634.0K$659.0K$568.0K
Total assets$15.79B$2.94B$1.15B$332.07M$570.46M$134.47M$11.57M
Current liabilities$2.22B$149.35M$51.07M$24.00M$85.11M$170.46M$2.75M
Short-term debt$169.00M$0-----
Long-term debt$7.42B$962.76M$0$1.26M$47.80M$11.84M$0
Total debt$7.59B$962.76M$0$1.26M$47.80M$11.84M$0
Total liabilities$11.60B$1.12B$55.35M$26.71M$133.10M$183.92M$2.75M
Shareholders' equity$4.19B$1.82B$1.10B$305.45M$437.40M-$49.45M$8.82M

Cash flow

Cash flow
Line item
FY2026
Jun 30, 2026
FY2025
Jun 30, 2025
FY2024
Jun 30, 2024
FY2023
Jun 30, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Operating cash flow$2.10B$245.89M$52.22M$5.73M-$37.48M$1.76M-$987.0K
Capital expenditures$3.00B$573.46M$141.85M$116.06M$83.65M$7.30M$3.91M
Free cash flow-$897.59M-$327.57M-$89.64M-$110.33M-$121.13M-$5.54M-$4.90M
Investing cash flow-$4.72B-$1.38B-$498.47M-$71.47M-$259.08M-$81.36M-$4.22M
Financing cash flow$9.68B$1.29B$782.63M$28.56M$372.04M$118.03M$6.72M
Stock-based compensation$205.02M$42.64M$23.64M$14.36M$13.90M$805.0K$179.0K
Depreciation and amortization$417.73M$181.14M$50.47M$30.67M---

Key ratios

Key ratios
Line item
FY2026
Jun 30, 2026
FY2025
Jun 30, 2025
FY2024
Jun 30, 2024
FY2023
Jun 30, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Revenue growth, YoY41.1%167.7%147.9%27.9%647.5%263.3%-
Gross margin68.9%68.3%53.5%47.8%---
Operating margin-148.0%3.5%-14.5%-208.2%0.5%-6.6%-77.1%
Net margin-99.4%17.4%-15.4%-227.6%-711.0%-764.6%-98.5%
Free cash flow margin-127.0%-65.4%-47.9%-146.1%-205.2%-70.1%-225.4%
Return on equity-16.8%4.8%-2.6%-56.3%-96.0%--24.3%
Return on assets-4.4%3.0%-2.5%-51.7%-73.6%-44.9%-18.5%
Current ratio3.554.298.863.721.880.240.93
Debt to equity1.810.530.000.000.11-0.00

Source: XBRL data IREN Limited files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IREN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IREN$694.71M+0.9%-$1.35B-194.4%$8.76B
AXP$77.59B+10.2%$12.26B15.8%$215.24B
SPGI$17.21B+18.2%$4.99B29.0%$135.62B
MCO$8.18B+9.0%$2.88B35.3%$87.18B
NU$15.77B+37.0%$2.87B18.2%$58.39B
RKT$11.46B+90.4%$1.30B11.4%$42.74B
COIN$5.63B-26.6%-$701.62M-12.5%$35.68B
AFRM$4.59B+32.7%$2.01B43.9%$23.08B
SYF$19.31B+2.6%$3.33B17.3%$22.96B

IREN FAQ

9 questions
  • What is IREN revenue?
    IREN Limited (IREN) reported $694.71M of revenue for the twelve months ended Sep 30, 2026. That is up 0.9% from the year before. Revenue for fiscal 2026 was $707.01M.
  • Is IREN profitable?
    No. IREN Limited reported a net loss of $1.35B for the twelve months ended Sep 30, 2026.
  • How much cash and debt does IREN have?
    IREN Limited reported $3.52B in cash and cash equivalents and $9.90B of debt on its most recent balance sheet in SEC filings.
  • How fast is IREN revenue growing?
    IREN Limited's revenue changed +41.1% in fiscal 2026, to $707.01M. Its compound annual growth rate was +145.7% over 5 years.
  • What is IREN gross margin?
    IREN Limited's gross profit was $509.68M on $694.71M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 73.4%.
  • What is IREN free cash flow?
    IREN Limited generated -$2.46B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.49B less capital expenditures.
  • What is IREN earnings per share?
    Diluted earnings per share were -$3.96 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did IREN last report financial results?
    The latest statements here come from IREN Limited's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this IREN financial data come from?
    Quantisnow builds these statements from the structured XBRL data IREN Limited files with the SEC. It is provided for information only and is not investment advice.