IREN Ltd income statement
In fiscal 2026, IREN Ltd reported revenue of $707m, up 41.1% on the year before, operating income of −$1.05bn (a -148.0% margin) and net income of −$703m, or −$2.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|
| Revenue | 76 | 187 | 501 | 707 |
| Cost of revenue | 39 | 87 | 159 | 220 |
| Gross profit | 36 | 100 | 342 | 487 |
| Selling, general and administrative | 49 | 70 | 136 | 449 |
| Operating income | −157 | −27 | 17 | −1,047 |
| Interest expense | 16 | 0 | 11 | 59 |
| Income before tax | −169 | −25 | 94 | −709 |
| Income tax | 2 | 3 | 7 | −6 |
| Net income | −172 | −29 | 87 | −703 |
| Diluted EPS | −$3.14 | −$0.29 | $0.39 | −$2.22 |
| Diluted shares (average) | 55m | 100m | 223m | 316m |
| EBITDA | −127 | 23 | 198 | −629 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53 | 116 | 145 | 187 | 240 | 185 | 145 | 137 |
| Cost of revenue | 32 | 32 | 42 | 53 | 81 | 66 | 40 | 33 |
| Gross profit | 21 | 84 | 103 | 134 | 160 | 119 | 105 | 104 |
| Selling, general and administrative | 25 | 29 | 29 | 53 | 138 | 101 | 82 | 128 |
| Operating income | −47 | 17 | 29 | 18 | −76 | −116 | −234 | −620 |
| Interest expense | 0 | 2 | 4 | 5 | 9 | 11 | 15 | 24 |
| Income before tax | −50 | −19 | −11 | 174 | 575 | −338 | −254 | −692 |
| Income tax | 1 | 3 | 5 | −3 | 191 | −183 | −6 | −8 |
| Net income | −52 | −22 | −16 | 177 | 385 | −155 | −248 | −684 |
| Diluted EPS | −$0.27 | −$0.10 | −$0.07 | $0.83 | $1.08 | −$0.52 | −$0.74 | −$2.16 |
| EBITDA | −13 | 53 | 77 | 82 | 9 | −17 | −112 | −508 |
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