IREN Ltd (IREN)
As-reported financials and SEC filings for IREN Ltd. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About IREN Ltd
IREN Ltd operates data centers powered entirely by renewable energy, specializing in high-performance computing and Bitcoin mining. The company owns and manages its computing hardware and electrical infrastructure across sites in Texas, USA, and British Columbia, Canada, serving customers with AI cloud services and Bitcoin mining operations. IREN generates revenue by mining Bitcoin using specialized ASICs and providing GPU-based AI computing services through its proprietary data centers.
Snapshot
Fundamentals are from SEC filings for FY2026, the latest annual period (ended June 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at IREN
- Revenue grew 41.1% to $707M in FY2026, slower than the 167.7% the year before.
- Most recent quarter Q4 FY2026: revenue $137M, down 26.7% from Q4 FY2025.
- Free cash flow was negative $898M in FY2026.
- Net income turned to a $703M loss in FY2026, from a $87M profit in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where IREN’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
IREN’s operating margin of -148.0% is the lowest of the 146 Financials companies reporting it. IREN’s net margin of -99.4% is the lowest of the 377 Financials companies reporting it. IREN’s FCF margin of -127.0% ranks in the 2nd percentile of the 272 Financials companies reporting it.
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2025-09-16 filed 2026-07-01 | Guzowski ChristopherDirector | Sell | 12.0K | $36.32 | $434K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 94.2M | -4.0% | 2.20 |
| 2026-07-31 | 98.2M | +4.8% | 1.87 |
| 2026-07-15 | 93.7M | +23.3% | 2.33 |
| 2026-06-30 | 76.0M | +18.0% | 2.12 |
| 2026-06-15 | 64.4M | +16.0% | 1.32 |
| 2026-05-29 | 55.5M | +9.1% | 1.16 |
| 2026-05-15 | 50.9M | -12.7% | 1.00 |
| 2026-04-30 | 58.4M | -1.3% | 1.63 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $707.0M | $501.0M | $187.2M | $75.5M | — |
| Gross profit | $487.3M | $342.0M | $100.1M | $36.1M | — |
| Operating income | $-1.05B | $17.3M | $-27.2M | $-157.2M | — |
| Net income | $-702.6M | $86.9M | $-28.9M | $-171.8M | — |
| Diluted EPS | $-2.22 | $0.39 | $-0.29 | $-3.14 | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | $5.90B | $564.5M | $404.6M | $68.9M | $110.0M |
| Current assets | $7.89B | $641.2M | $452.4M | — | — |
| Total assets | $15.79B | $2.94B | $1.15B | — | — |
| Current liabilities | $2.22B | $149.3M | $51.1M | — | — |
| Long-term debt | $7.42B | $962.8M | — | — | — |
| Total liabilities | $11.60B | $1.12B | $55.3M | — | — |
| Total equity | $4.19B | $1.82B | $1.10B | $305.4M | $437.4M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.10B | $245.9M | $52.2M | $5.7M | — |
| Capital expenditure | $3.00B | $573.5M | $141.9M | $116.1M | — |
| Free cash flow | $-897.6M | $-327.6M | $-89.6M | $-110.3M | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q4 FY2026 | $137.2M | -26.7% | $-684.0M | $-1.88 |
| Q3 FY2026 | $144.8M | -0.0% | $-247.8M | $-0.74 |
| Q2 FY2026 | $184.7M | 59.0% | $-155.4M | $-0.52 |
| Q1 FY2026 | $240.3M | 355.4% | $384.6M | $1.08 |
| Q4 FY2025 | $187.3M | — | $176.7M | $0.64 |
| Q3 FY2025 | $144.8M | — | $-16.1M | $-0.07 |
| Q2 FY2025 | $116.1M | — | $-21.9M | $-0.10 |
| Q1 FY2025 | $52.8M | — | $-51.7M | — |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest Financials peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.