IREN Financial Statements
NASDAQ: IRENFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
IREN revenue and earnings
In fiscal 2026, IREN generated $707.0 million in revenue, up 41.1% from fiscal 2025, its 6th consecutive year of revenue growth. IREN reported a net loss of $702.6 million, compared with net income of $86.9 million a year earlier. Gross margin was 68.9% (up from 68.3%) and operating margin -148.0%.
Diluted earnings per share came in at -$2.22, down from $0.39. Over the last 5 fiscal years, IREN's revenue has grown at a 145.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
IREN income statement (annual)
| Fiscal year (USD) | FY 20262026-06-30 | FY 20252025-06-30 | FY 20242024-06-30 | FY 20232023-06-30 | FY 20222022-06-30 | FY 20212021-06-30 | FY 20202020-06-30 |
|---|---|---|---|---|---|---|---|
| Revenue | 707.01M | 501.02M | 187.19M | 75.51M | 59.04M | 7.90M | 2.17M |
| Revenue growth (YoY) | +41.11% | +167.65% | +147.91% | +27.90% | +647.49% | +263.29% | — |
| Cost of Revenue | 219.71M | 158.99M | 87.07M | 39.42M | — | — | — |
| Gross Profit | 487.30M | 342.03M | 100.13M | 36.09M | — | — | — |
| Operating Expenses | 1.53B | 324.70M | 127.36M | 193.33M | — | — | — |
| Selling, General & Admin | 449.12M | 136.46M | 70.42M | 49.00M | — | — | — |
| Operating Income | -1.05B | 17.33M | -27.23M | -157.24M | 307.00K | -524.00K | -1.68M |
| Interest Expense | 59.25M | 11.04M | 98.00K | 16.21M | 425.44M | 61.17M | 102.00K |
| Other Income (Expense) | 338.03M | 76.17M | 1.77M | -12.20M | — | — | — |
| Pretax 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 |
| Net Income growth (YoY) | -908.16% | — | — | — | — | — | — |
| EPS (Basic) | -2.22 | 0.41 | -0.29 | -3.14 | -10.25 | -2.93 | -0.1329 |
| EPS (Diluted) | -2.22 | 0.39 | -0.29 | -3.14 | -10.25 | -2.93 | -0.1329 |
| Shares Outstanding (Basic) | 316.12M | 214.59M | 99.64M | 54.78M | 40.94M | 20.63M | 16.12M |
| Shares Outstanding (Diluted) | 316.12M | 223.25M | 99.64M | 54.78M | 40.94M | 20.63M | 16.12M |
| EBITDA | -628.99M | 198.46M | 23.24M | -126.57M | — | — | — |
| Gross Margin | 68.92% | 68.27% | 53.49% | 47.80% | — | — | — |
| Operating Margin | -148.05% | 3.46% | -14.55% | -208.24% | 52.00% | -6.63% | -77.09% |
| Net Margin | -99.38% | 17.35% | -15.45% | -227.56% | -711.03% | -764.62% | -98.53% |
This table shows 7 annual periods of IREN's income statement, from FY 2026 back to FY 2020, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow IREN's reporting calendar. What is a income statement?