IREN Quarterly Income Statement
NASDAQ: IRENFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
IREN revenue and earnings
In the quarter ended Jun 30, 2026, IREN generated $137.2 million in revenue, down 26.7% from the same quarter a year earlier. IREN reported a net loss of $684.0 million, compared with net income of $176.7 million a year earlier. Gross margin was 75.7% (up from 71.8%) and operating margin -452.1%.
Diluted earnings per share came in at -$2.04, down from $0.83.
Summary generated from market data by MetaCap's automated system. Methodology
IREN income statement (quarterly)
| Quarter (USD) | Q4 20262026-06-30 | Q3 20262026-03-31 | Q2 20262025-12-31 | Q1 20262025-09-30 | Q4 20252025-06-30 | Q3 20252025-03-31 | Q2 20252024-12-31 | Q1 20252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 137.22M | 144.79M | 184.69M | 240.29M | 187.29M | 144.82M | 116.14M | 52.76M |
| Revenue growth (YoY) | -26.73% | -0.02% | +59.02% | +355.41% | — | — | — | — |
| Cost of Revenue | 33.34M | 39.93M | 65.76M | 80.67M | 52.89M | 41.95M | 32.29M | 31.86M |
| Gross Profit | 103.89M | 104.86M | 118.93M | 159.62M | 134.40M | 102.87M | 83.85M | 20.91M |
| Operating Expenses | 724.27M | 338.38M | 235.33M | 236.03M | 116.52M | 73.66M | 66.54M | 67.99M |
| Selling, General & Admin | 128.25M | 81.75M | 100.75M | 138.36M | 53.30M | 29.10M | 28.89M | 25.17M |
| Operating Income | -620.38M | -233.52M | -116.40M | -76.41M | 17.89M | 29.21M | 17.31M | -47.09M |
| Interest Expense | 24.47M | 14.84M | 10.67M | 9.28M | 5.18M | 4.12M | 1.72M | 22.00K |
| Other Income (Expense) | -71.59M | -20.56M | -221.52M | 651.70M | 156.02M | -40.32M | -36.19M | -3.33M |
| Pretax Income | -691.97M | -254.09M | -337.93M | 575.30M | 173.91M | -11.11M | -18.88M | -50.42M |
| Income Tax | -7.97M | -6.26M | -182.52M | 190.69M | -2.77M | 5.04M | 3.00M | 1.28M |
| Net Income | -684.00M | -247.83M | -155.41M | 384.61M | 176.68M | -16.14M | -21.89M | -51.70M |
| Net Income growth (YoY) | -487.15% | — | — | — | — | — | — | — |
| EPS (Basic) | -2.38 | -0.74 | -0.52 | 1.42 | 0.85 | -0.07 | -0.10 | -0.27 |
| EPS (Diluted) | -2.04 | -0.74 | -0.52 | 1.08 | 0.83 | -0.07 | -0.10 | -0.27 |
| Shares Outstanding (Basic) | — | 333.73M | 298.03M | 270.70M | — | 218.66M | 210.47M | 189.26M |
| Shares Outstanding (Diluted) | — | 333.73M | 298.03M | 361.68M | — | 218.66M | 210.47M | 189.26M |
| EBITDA | -508.30M | -112.28M | -17.23M | 8.82M | 81.70M | 76.53M | 53.39M | -13.15M |
| Gross Margin | 75.71% | 72.42% | 64.39% | 66.43% | 71.76% | 71.03% | 72.19% | 39.62% |
| Operating Margin | -452.09% | -161.28% | -63.03% | -31.80% | 9.55% | 20.17% | 14.90% | -89.24% |
| Net Margin | -498.45% | -171.16% | -84.14% | 160.06% | 94.33% | -11.15% | -18.85% | -97.99% |
This table shows 8 quarterly periods of IREN's income statement, from Q4 2026 back to Q1 2025, 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?