For the quarter ending 2026-03-31, IREN made $144,795K in revenue. -$254,935K in net income. Net profit margin of -176.07%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 144,795 | 184,692 | 240,295 | 125,256* |
| Cost Of Revenue | 4,597 | - | - | - |
| Electricity | 32,257 | - | - | - |
| Employee benefits | 5,730 | - | - | - |
| Other direct expenses | 1,946 | - | - | - |
| Bitcoin Mining Revenue | 35,336 | 63,368 | 79,945 | 39,418* |
| Cost Of Revenue | 35,336 | - | - | - |
| Electricity | 32,257 | - | - | - |
| Employee benefits | 5,730 | - | - | - |
| Other direct expenses | 1,946 | - | - | - |
| AICloud Services | 4,597 | 2,395 | 728 | 330* |
| Total cost of revenue | 39,933 | 65,763 | 80,673 | 39,748* |
| Employee benefits | 11,292 | 8,553 | 8,364 | 6,883* |
| Payroll taxes on stock-based compensation | 3,889 | 6,843 | 32,774 | - |
| Professional fees | 5,498 | 9,277 | 6,789 | 4,500* |
| Stock based compensation | 31,487 | 58,231 | 72,405 | 10,661* |
| Insurance | 5,697 | 3,823 | 5,173 | 4,526* |
| Renewable energy certificates | 1,936 | 2,705 | 2,824 | 1,433* |
| Property taxes | 770 | 1,889 | 1,634 | 1,014* |
| Non-refundable provincial sales tax | 5,255 | 1,955 | 1,490 | 1,297* |
| Sponsorships and marketing | 8,843 | 1,997 | 3,080 | 721* |
| Other selling, general and administrative expenses | 7,083 | 5,482 | 3,826 | 3,080* |
| Selling, general and administrative expenses | 81,750 | 100,755 | 138,359 | 34,115* |
| Depreciation and amortization | 121,245 | 99,176 | 85,226 | 45,284* |
| Impairment of assets | 140,411 | 31,755 | 16,257 | 1,806* |
| Gain (loss) on disposal of property, plant and equipment | 234 | 7 | -13 | 1,001* |
| Other operating expenses | 39 | 5,468 | 0 | 3,326* |
| Other operating income | 4,826 | 1,815 | 3,828 | 2,353* |
| Total operating (expenses) income | -338,385 | -235,332 | -236,027 | -81,176* |
| Operating (loss) income | -233,523 | -116,403 | -76,405 | 4,332* |
| Finance expense | 14,837 | 10,668 | 9,280 | 2,761* |
| Interest income | 21,799 | 15,775 | 7,128 | 1,876* |
| Increase (decrease) in fair value of assets held for sale | -2,035 | -6,449 | 0 | 540* |
| Realized gain (loss) on financial instruments | 0 | -2,910 | -5,756 | -1,054* |
| Unrealized gain (loss) on financial instruments | -23,700 | -107,351 | 664,993 | 19,380* |
| Gain on partial extinguishment of financial liabilities | - | 0 | - | 2,273* |
| Gain (loss) on disposal of subsidiaries | - | - | - | 0* |
| Debt conversion inducement expense | 0 | 111,799 | - | - |
| Foreign exchange gain (loss) | -1,865 | 1,878 | -5,382 | -335* |
| Other non-operating income | 75 | 0 | 0 | 204* |
| Total other (expense) income | -20,563 | -221,524 | 651,703 | 19,044* |
| Income (loss) before taxes | -254,086 | -337,927 | 575,298 | 23,376* |
| Income tax (expense) benefit | -6,259 | -182,520 | 190,687 | 1,640* |
| Net income (loss) | -247,827 | -155,407 | 384,611 | 21,736* |
| Change in foreign currency translation adjustments | -7,108 | 3,241 | -5,458 | 1,230* |
| Total comprehensive income (loss) | -254,935 | -152,166 | 379,153 | 22,966 |
| Basic EPS | -0.74 | -0.52 | 1.42 | 0.107 |
| Diluted EPS | -0.74 | -0.52 | 1.08 | 0.103 |
| Basic Average Shares | 333,734,176 | 298,027,356 | 270,696,733 | 214,586,767 |
| Diluted Average Shares | 333,734,176 | 298,027,356 | 361,680,593 | 223,245,651 |
IREN Ltd (IREN)
IREN Ltd (IREN)