IREN Ltd cash flow statement

In fiscal 2026, IREN Ltd's operations generated $2.10bn of cash; it spent $3.00bn on capital projects, leaving free cash flow of −$898m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

IREN Ltd: cash flow statement, annual
Fiscal year	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Cash from operations	6	52	246	2,100
Depreciation and amortisation	31	50	181	418
Stock-based pay	14	24	43	205
Capital spending	116	142	573	2,998
Free cash flow	−110	−90	−328	−898
Free cash flow after stock pay	−125	−113	−370	−1,103

US$ millions unless shown otherwise. Fiscal quarters.

IREN Ltd: cash flow statement, quarterly
Quarter	2025 Q1Sept 2024	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026
Cash from operations	−4	54	93	103	142	72	75	1,811
Depreciation and amortisation	34	36	47	64	85	99	121	112
Stock-based pay	8	8	8	19	72	58	31	43
Capital spending	106	139	144	184	180	540	949	1,329
Free cash flow	−110	−86	−51	−81	−38	−468	−874	482
Free cash flow after stock pay	−118	−93	−59	−100	−110	−526	−905	439
Shares issued	84	148	108	—	618	1,632	380	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from IREN Ltd's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to IREN Ltd.