NASDAQ : IREN
IREN Limited — Financial statements
Financials · Capital Markets · Australia
Last price 23.95 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 9.44B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
IREN Limited (IREN) reported revenue of 707.01M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 707.01M | 707.01M | 501.02M | 187.19M | 75.51M | 59.04M |
| Cost of Revenue | 219.71M | 219.71M | 158.99M | 87.07M | 39.42M | 7.45M |
| Gross Profit | 487.30M | 487.30M | 342.03M | 100.12M | 36.09M | 51.59M |
| Selling, General & Admin | 366.44M | 366.44M | 123.32M | 66.64M | 49.00M | 19.91M |
| Other Operating Expenses | 81.88M | 81.88M | 17.00M | 10.29M | -3.12M | 9.58M |
| Operating Expenses | 866.05M | 866.05M | 321.46M | 127.40M | 76.56M | 51.13M |
| Operating Income | -378.75M | -378.75M | 20.57M | -27.28M | -40.47M | 462.00K |
| Interest Expense | -59.25M | -59.25M | -11.04M | -98.00K | -16.21M | -34.70M |
| Interest & Investment Income | 80.63M | 80.63M | 7.50M | 5.83M | 924.00K | 79.00K |
| Currency Exchange Gain (Loss) | -10.27M | -10.27M | -1.34M | -4.75M | -191.00K | 8.01M |
| Other Non Operating Income (Expenses) | 549.35M | 549.35M | 74.12M | 781.00K | 20.00K | -390.73M |
| EBT Excluding Unusual Items | 181.70M | 181.70M | 89.81M | -25.51M | -55.92M | -416.88M |
| Merger & Restructuring Charges | -4.25M | -4.25M | ||||
| Impairment of Goodwill | -603.00K | |||||
| Gain (Loss) on Sale of Assets | -135.53M | -135.53M | 1.84M | 43.00K | -3.37M | |
| Asset Writedown | -638.80M | -638.80M | -7.22M | -91.61M | -167.00K | |
| Other Unusual Items | -111.80M | -111.80M | 7.37M | -17.93M | ||
| Pretax Income | -708.68M | -708.68M | 93.50M | -25.47M | -169.44M | -417.05M |
| Income Tax Expense | -6.06M | -6.06M | 6.56M | 3.45M | 2.39M | 2.72M |
| Net Income | -702.62M | -702.62M | 86.94M | -28.92M | -171.83M | -419.77M |
| Net Income to Common | -702.62M | -702.62M | 86.94M | -28.92M | -171.83M | -419.77M |
| Shares Outstanding (Basic) | 316.12M | 316.12M | 214.59M | 99.64M | 54.78M | 40.94M |
| Shares Outstanding (Diluted) | 316.12M | 316.12M | 223.25M | 99.64M | 54.78M | 40.94M |
| EPS (Basic) | -2.22 | -2.22 | 0.41 | -0.29 | -3.14 | -10.25 |
| EPS (Diluted) | -2.22 | -2.22 | 0.39 | -0.29 | -3.14 | -10.25 |
| Free Cash Flow | -2.23B | -2.23B | -1.13B | -427.69M | -110.33M | -331.73M |
| Free Cash Flow Per Share | -7.06 | -7.06 | -5.05 | -4.29 | -2.01 | -8.10 |
| Gross Margin | 68.92% | 68.92% | 68.27% | 53.49% | 47.80% | 87.38% |
| Operating Margin | -53.57% | -53.57% | 4.11% | -14.57% | -53.60% | 0.78% |
| Profit Margin | -99.38% | -99.38% | 17.35% | -15.45% | -227.56% | -711.03% |
| Free Cash Flow Margin | -315.79% | -315.79% | -224.89% | -228.48% | -146.12% | -561.90% |
| EBITDA | 38.35M | 38.35M | 201.71M | 23.19M | -9.80M | 8.14M |
| EBITDA Margin | 5.42% | 5.42% | 40.26% | 12.39% | -12.97% | 13.79% |
| D&A For EBITDA | 417.10M | 417.10M | 181.14M | 50.47M | 30.67M | 7.68M |
| EBIT | -378.75M | -378.75M | 20.57M | -27.28M | -40.47M | 462.00K |
| EBIT Margin | -53.57% | -53.57% | 4.11% | -14.57% | -53.60% | 0.78% |
| Effective Tax Rate | 7.02% | |||||
| Revenue as Reported | 707.01M | 707.01M | 501.02M | 187.19M | 75.51M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.90B | 5.90B | 564.53M | 404.60M | 68.89M | 109.97M |
| Short-Term Investments | 6.53M | |||||
| Cash & Short-Term Investments | 5.90B | 5.90B | 564.53M | 411.13M | 68.89M | 109.97M |
| Accounts Receivable | 21.06M | 21.06M | 1.56M | 152.00K | ||
| Other Receivables | 1.12M | 1.12M | 2.58M | 29.21M | 6.54M | 21.33M |
| Receivables | 22.18M | 22.18M | 4.14M | 29.37M | 6.54M | 23.65M |
| Prepaid Expenses | 105.97M | 105.97M | 33.01M | 9.79M | 11.37M | 7.66M |
| Restricted Cash | 1.67B | 1.67B | ||||
| Other Current Assets | 192.18M | 192.18M | 39.49M | 2.10M | 2.42M | 18.97M |
| Total Current Assets | 7.89B | 7.89B | 641.17M | 452.38M | 89.23M | 160.25M |
| Property, Plant & Equipment | 6.76B | 6.76B | 1.93B | 442.71M | 242.48M | 248.81M |
| Goodwill | 36.58M | 36.58M | 634.00K | |||
| Other Intangible Assets | 317.43M | 317.43M | ||||
| Long-Term Deferred Tax Assets | 8.00K | 2.23M | ||||
| Other Long-Term Assets | 793.95M | 793.95M | 367.12M | 257.73M | 360.00K | 158.52M |
| Total Assets | 15.79B | 15.79B | 2.94B | 1.15B | 332.07M | 570.46M |
| Accounts Payable | 1.30B | 1.30B | 81.75M | 27.34M | 11.54M | 13.23M |
| Accrued Expenses | 570.86M | 570.86M | 46.31M | 5.75M | 12.23M | 7.52M |
| Current Portion of Long-Term Debt | 169.37M | 169.37M | 60.40M | |||
| Current Portion of Leases | 125.89M | 125.89M | 404.00K | 289.00K | 192.00K | 81.00K |
| Current Income Taxes Payable | 1.39M | 32.00K | 1.20M | |||
| Current Unearned Revenue | 46.49M | 46.49M | 884.00K | 2.56M | ||
| Other Current Liabilities | 11.00M | 11.00M | 20.00M | 13.74M | 2.67M | |
| Total Current Liabilities | 2.22B | 2.22B | 149.35M | 51.07M | 24.00M | 85.11M |
| Long-Term Debt | 7.42B | 7.42B | 962.76M | 46.62M | ||
| Long-Term Leases | 120.69M | 120.69M | 1.06M | 1.03M | 1.26M | 1.19M |
| Long-Term Unearned Revenue | 1.80B | 1.80B | ||||
| Pension & Post-Retirement Benefits | 372.00K | 372.00K | 234.00K | 117.00K | 91.00K | |
| Long-Term Deferred Tax Liabilities | 30.83M | 30.83M | 7.97M | 3.12M | 1.36M | 189.00K |
| Other Long-Term Liabilities | 11.81M | 11.81M | 1.46M | 2.00K | ||
| Total Liabilities | 11.60B | 11.60B | 1.12B | 55.35M | 26.71M | 133.10M |
| Common Stock | 7.17B | 7.17B | 2.36B | 1.76B | 965.86M | 926.58M |
| Additional Paid-In Capital | 88.67M | 51.29M | ||||
| Retained Earnings | -1.30B | -1.30B | -596.17M | -683.11M | -654.28M | -482.40M |
| Comprehensive Income & Other | -1.69B | -1.69B | -30.07M | -34.99M | -6.22M | -6.81M |
| Shareholders' Equity | 4.19B | 4.19B | 1.82B | 1.10B | 305.36M | 437.36M |
| Total Liabilities & Equity | 15.79B | 15.79B | 2.94B | 1.15B | 332.07M | 570.46M |
| Total Debt | 7.84B | 7.84B | 964.23M | 1.32M | 1.45M | 108.29M |
| Net Cash (Debt) | -1.94B | -1.94B | -399.71M | 409.81M | 67.45M | 1.68M |
| Net Cash Per Share | -6.15 | -6.15 | -1.79 | 4.11 | 1.23 | 0.04 |
| Filing Date Shares Outstanding | 394.06M | 394.06M | 271.98M | 189.35M | 67.09M | 54.98M |
| Total Common Shares Outstanding | 380.19M | 380.19M | 258.10M | 187.86M | 66.70M | 54.98M |
| Working Capital | 5.67B | 5.67B | 491.83M | 401.31M | 65.23M | 75.15M |
| Book Value Per Share | 11.01 | 11.01 | 7.04 | 5.84 | 4.58 | 7.95 |
| Tangible Book Value | 3.83B | 3.83B | 1.82B | 1.10B | 305.36M | 436.73M |
| Tangible Book Value Per Share | 10.08 | 10.08 | 7.04 | 5.84 | 4.58 | 7.94 |
| Land | 139.07M | 139.07M | 13.09M | 3.60M | 1.80M | 1.84M |
| Buildings | 864.25M | 864.25M | 639.75M | 215.54M | 153.10M | 13.77M |
| Machinery | 2.70B | 2.70B | 1.22B | 215.94M | 93.23M | 174.68M |
| Construction In Progress | 3.66B | 3.66B | 237.73M | 102.95M | 14.43M | 66.30M |
| Leasehold Improvements | 32.00K | 32.00K | 43.00K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -702.62M | -702.62M | 86.94M | -28.92M | -171.83M | -419.77M |
| Depreciation & Amortization | 417.10M | 417.10M | 181.14M | 50.47M | 30.67M | 7.74M |
| Other Amortization | 10.04M | 10.04M | 1.40M | 1.04M | 2.51M | |
| Loss (Gain) From Sale of Assets | 135.53M | 135.53M | -1.84M | -43.00K | 3.37M | -12.00K |
| Asset Writedown & Restructuring Costs | 638.80M | 638.80M | 7.22M | 105.17M | 167.00K | |
| Loss (Gain) From Sale of Investments | 8.67M | 8.67M | 4.21M | -4.12M | ||
| Stock-Based Compensation | 205.02M | 205.02M | 42.64M | 23.64M | 14.36M | 13.90M |
| Other Operating Activities | -436.82M | -436.82M | -70.39M | -167.00K | 13.29M | 353.78M |
| Change in Accounts Receivable | -29.43M | -29.43M | -9.66M | -5.59M | 17.64M | -72.00K |
| Change in Accounts Payable | 38.02M | 38.02M | 16.69M | 10.07M | -2.10M | 6.48M |
| Change in Unearned Revenue | 1.84B | 1.84B | -1.67M | 2.56M | ||
| Change in Income Taxes | -9.14M | -9.14M | 2.33M | 1.36M | 2.23M | 671.00K |
| Change in Other Net Operating Assets | -16.41M | -16.41M | -13.12M | 2.96M | -8.11M | -109.00K |
| Operating Cash Flow | 2.10B | 2.10B | 245.89M | 52.22M | 5.73M | -37.48M |
| Capital Expenditures | -4.33B | -4.33B | -1.37B | -479.91M | -116.06M | -294.25M |
| Sale of Property, Plant & Equipment | 23.78M | 23.78M | 11.17M | 43.00K | 32.49M | 40.00K |
| Cash Acquisitions | -92.48M | -92.48M | ||||
| Divestitures | -1.21M | |||||
| Sale (Purchase) of Intangibles | -107.57M | -107.57M | ||||
| Other Investing Activities | -213.62M | -213.62M | -19.03M | -18.60M | 11.03M | 37.00M |
| Investing Cash Flow | -4.72B | -4.72B | -1.38B | -498.47M | -71.47M | -259.08M |
| Long-Term Debt Issued | 7.24B | 7.24B | 702.09M | 503.00K | 65.20M | |
| Total Debt Issued | 7.24B | 7.24B | 702.09M | 503.00K | 65.20M | |
| Long-Term Debt Repaid | -1.68B | -1.68B | -9.43M | -12.13M | ||
| Lease Payments | -6.00K | |||||
| Net Debt Issued (Repaid) | 5.56B | 5.56B | 702.09M | 503.00K | -9.43M | 53.07M |
| Issuance of Common Stock | 4.75B | 4.75B | 601.80M | 783.07M | 39.25M | 215.33M |
| Other Financing Activities | -626.03M | -626.03M | -9.16M | -946.00K | -1.26M | 103.63M |
| Financing Cash Flow | 9.68B | 9.68B | 1.29B | 782.63M | 28.56M | 372.04M |
| Foreign Exchange Rate Adjustments | -2.48M | -2.48M | -209.00K | -672.00K | -3.89M | -4.50M |
| Miscellaneous Cash Flow Adjustments | -2.00K | |||||
| Net Cash Flow | 7.06B | 7.06B | 159.93M | 335.71M | -41.08M | 70.98M |
| Free Cash Flow | -2.23B | -2.23B | -1.13B | -427.69M | -110.33M | -331.73M |
| Free Cash Flow Margin | -315.79% | -315.79% | -224.89% | -228.48% | -146.12% | -561.90% |
| Free Cash Flow Per Share | -7.06 | -7.06 | -5.05 | -4.29 | -2.01 | -8.10 |
| Levered Free Cash Flow | -4.22B | -4.22B | -1.08B | -416.86M | -76.29M | -414.20M |
| Unlevered Free Cash Flow | -4.19B | -4.19B | -1.07B | -416.80M | -67.19M | -395.02M |
| Free Cash Flow After Leases | -2.23B | -2.23B | -1.13B | -427.69M | -110.33M | -331.73M |
| Cash Interest Paid | 42.64M | 42.64M | 7.63M | 213.00K | 4.10M | 41.03B |
| Cash Income Tax Paid | 2.70M | 2.70M | 1.42M | |||
| Change in Working Capital | 1.82B | 1.82B | -5.44M | 11.36M | 9.66M | 4.21M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.44B | 16.34B | 3.52B | 1.65B | 256.22M | 177.65M |
| Enterprise Value | 11.38B | 18.09B | 3.66B | 1.39B | 327.54M | 104.69M |
| Last Close Price | 23.95 | 45.73 | 14.57 | 11.29 | 4.66 | 3.35 |
| PE Ratio | 40.53 | |||||
| Forward PE | 82.09 | 15.52 | 10.58 | 23.32 | 21.67 | |
| PS Ratio | 13.35 | 23.12 | 7.03 | 8.84 | 3.39 | 3.01 |
| PB Ratio | 2.18 | 3.90 | 1.94 | 1.51 | 0.84 | 0.41 |
| P/TBV Ratio | 2.46 | 4.26 | 1.94 | 1.51 | 0.84 | 0.41 |
| P/OCF Ratio | 4.49 | 7.78 | 14.33 | 31.69 | 44.72 | |
| EV/Sales Ratio | 16.10 | 25.59 | 7.31 | 7.44 | 4.34 | 1.77 |
| EV/EBITDA Ratio | 296.81 | 471.86 | 18.16 | 60.08 | 12.85 | |
| EV/EBIT Ratio | 178.09 | 226.59 | ||||
| Debt / Equity Ratio | 1.87 | 1.87 | 0.53 | 0.00 | 0.01 | 0.25 |
| Debt / EBITDA Ratio | 204.44 | 204.44 | 4.78 | 0.06 | 13.20 | |
| Net Debt / Equity Ratio | 0.46 | 0.46 | 0.22 | -0.37 | -0.22 | -0.00 |
| Net Debt / EBITDA Ratio | 50.69 | 50.69 | 1.98 | -17.67 | 6.88 | -0.21 |
| Net Debt / FCF Ratio | -0.87 | -0.87 | -0.35 | 0.96 | 0.61 | 0.01 |
| Asset Turnover | 0.07 | 0.07 | 0.24 | 0.25 | 0.17 | 0.17 |
| Quick Ratio | 2.66 | 2.66 | 3.81 | 8.62 | 3.14 | 1.54 |
| Current Ratio | 3.55 | 3.55 | 4.29 | 8.86 | 3.72 | 1.88 |
| Return on Equity (ROE) | -23.41% | -23.41% | 5.96% | -4.12% | -46.27% | -216.43% |
| Return on Assets (ROA) | -2.53% | -2.53% | 0.63% | -2.30% | -5.61% | 0.08% |
| Return on Invested Capital (ROIC) | -7.18% | -9.07% | 1.32% | -5.89% | -12.02% | 0.23% |
| Return on Capital Employed (ROCE) | -2.80% | -2.80% | 0.70% | -2.50% | -13.10% | 0.10% |
| Earnings Yield | -9.28% | -4.30% | 2.47% | -1.75% | -67.06% | -236.30% |
| FCF Yield | -23.66% | -13.66% | -31.97% | -25.84% | -43.06% | -186.73% |
| Buyback Yield / Dilution | -41.60% | -41.60% | -124.05% | -81.91% | -33.79% | -98.46% |