For the quarter ending 2025-12-31, IREN made $184,692,000 in revenue. -$152,166,000 in net income. Net profit margin of -82.39%.
| Income Statement | 2025-12-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Total revenue | 184,692,000 | 240,295,000 | 125,255,750 | |
| Bitcoin Mining Revenue | 63,368,000 | 79,945,000 | 39,418,250 | |
| AICloud Services | 2,395,000 | 728,000 | 329,750 | |
| Total cost of revenue | 65,763,000 | 80,673,000 | 39,748,000 | |
| Employee benefits | 8,553,000 | 8,364,000 | 6,883,250 | |
| Payroll taxes on stock-based compensation | 6,843,000 | 32,774,000 | - | |
| Professional fees | 9,277,000 | 6,789,000 | 4,500,250 | |
| Stock based compensation | 58,231,000 | 72,405,000 | 10,660,500 | |
| Insurance | 3,823,000 | 5,173,000 | 4,525,500 | |
| Renewable energy certificates | 2,705,000 | 2,824,000 | 1,433,250 | |
| Property taxes | 1,889,000 | 1,634,000 | 1,013,500 | |
| Non-refundable provincial sales tax | 1,955,000 | 1,490,000 | 1,297,250 | |
| Sponsorships and marketing | 1,997,000 | 3,080,000 | 721,000 | |
| Other selling, general and administrative expenses | 5,482,000 | 3,826,000 | 3,080,000 | |
| Selling, general and administrative expenses | 100,755,000 | 138,359,000 | 34,114,500 | |
| Depreciation and amortization | 99,176,000 | 85,226,000 | 45,284,000 | |
| Impairment of assets | 31,755,000 | 16,257,000 | 1,805,750 | |
| Gain (loss) on disposal of property, plant and equipment | 7,000 | -13,000 | 1,000,500 | |
| Other operating expenses | 5,468,000 | 0 | 3,325,500 | |
| Other operating income | 1,815,000 | 3,828,000 | 2,353,250 | |
| Total operating (expenses) income | -235,332,000 | -236,027,000 | -81,176,000 | |
| Operating (loss) income | -116,403,000 | -76,405,000 | 4,331,750 | |
| Finance expense | 10,668,000 | 9,280,000 | 2,761,250 | |
| Interest income | 15,775,000 | 7,128,000 | 1,876,000 | |
| Increase (decrease) in fair value of assets held for sale | -6,449,000 | - | 540,000 | |
| Realized gain (loss) on financial instruments | -2,910,000 | -5,756,000 | -1,053,750 | |
| Unrealized gain (loss) on financial instruments | -107,351,000 | 664,993,000 | 19,379,500 | |
| Gain on partial extinguishment of financial liabilities | 0 | - | 2,273,250 | |
| Gain (loss) on disposal of subsidiaries | - | - | 0 | |
| Debt conversion inducement expense | 111,799,000 | - | - | |
| Foreign exchange gain (loss) | 1,878,000 | -5,382,000 | -334,750 | |
| Other non-operating income | 0 | 0 | 204,250 | |
| Total other (expense) income | -221,524,000 | 651,703,000 | 19,043,250 | |
| Income (loss) before taxes | -337,927,000 | 575,298,000 | 23,375,250 | |
| Income tax (expense) benefit | -182,520,000 | 190,687,000 | 1,640,000 | |
| Net income (loss) | -155,407,000 | 384,611,000 | 21,735,250 | |
| Change in foreign currency translation adjustments | 3,241,000 | -5,458,000 | 1,230,250 | |
| Total comprehensive income (loss) | -152,166,000 | 379,153,000 | 22,965,500 | |
| Basic net income (loss) per share of ordinary shares ( in usd per share) | -0.52 | 1.42 | 0.103 | |
| Basic weighted-average shares used in computing net income loss per share of ordinary shares (in shares) | 298,027,356 | 270,696,733 | 53,646,691.75 | |
| Diluted net income (loss) per share of ordinary shares (in usd per share) | -0.52 | 1.08 | 0.098 | |
| Diluted weighted-average shares used in computing net income loss per share of ordinary shares (in shares) | 298,027,356 | 361,680,593 | 55,811,412.75 | |
IREN Ltd (IREN)
IREN Ltd (IREN)