IREN Ltd
Business
IREN Limited owns and operates next-generation data centers powered by renewable energy, supporting Bitcoin mining via ASICs and HPC/AI services via GPUs. The company mines Bitcoin by validating transactions and earning block rewards and transaction fees, liquidating Bitcoin for fiat currency. IREN operates multiple data center sites across British Columbia and Texas with substantial operating capacity and hashrate, plus a significant fleet of NVIDIA GPUs deployed for AI Cloud Services. The company pursues diversification into HPC and AI services while maintaining Bitcoin mining operations across vertically integrated infrastructure.
Summary from 10-K filed 2025-08-28
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|
| Total revenue | 501 | 187 | 76 | |
| Total cost of revenue | −159 | −87 | −39 | |
| Selling, general and administrative expenses | −136 | −70 | −49 | |
| Depreciation and amortization | −181 | −50 | −31 | |
| Impairment of assets | −7 | 0 | −105 | |
| Gain (loss) on disposal of property, plant and equipment | 4 | 43,000 | −7 | |
| Other operating expenses | −13 | −8 | −5 | |
| Other operating income | 9 | 2 | 3 | |
| Total operating (expenses) income | −325 | −127 | −193 | |
| Operating (loss) income | 17 | −27 | −157 | |
| Finance expense | −11 | −98,000 | −16 | |
| Interest income | 8 | 6 | 924,000 | |
| Increase (decrease) in fair value of assets held for sale | −2 | 0 | 0 | |
| Realized gain (loss) on financial assets | −4 | 4 | 0 | |
| Unrealized gain (loss) on financial instruments | 78 | −3 | 0 | |
| Gain on partial extinguishment of financial liabilities | 9 | 0 | 0 | |
| Gain (loss) on disposal of subsidiaries | 0 | 0 | 3 | |
| Foreign exchange gain (loss) | −1 | −5 | −191,000 | |
| Other non-operating income | 817,000 | 108,000 | 20,000 | |
| Total other (expense) income | 76 | 2 | −12 | |
| Income (loss) before taxes | 94 | −25 | −169 | |
| Income tax (provision) benefit | −7 | −3 | −2 | |
| Net income (loss) | 87 | −29 | −172 | |
| Basic net income (loss) per share of Ordinary shares ( in USD per share) | 0.41 | −0.29 | −3.14 | |
| Basic weighted-average shares used in computing net income loss per share of Ordinary shares (in shares) | 215 | 100 | 55 | |
| Diluted net income (loss) per share of Ordinary shares (in USD per share) | 0.39 | −0.29 | −3.14 | |
| Diluted weighted-average shares used in computing net income loss per share of Ordinary shares (in shares) | 223 | 100 | 55 | |
| Change in foreign currency translation adjustments | 5 | −339,000 | −14 | |
| Total comprehensive income (loss) | 92 | −29 | −185 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 565 | 405 | — | — | |
| Accounts receivable, net | 2 | 152,000 | — | — | |
| Deposits and prepaid expenses | 46 | 12 | — | — | |
| Derivative assets | 6 | 0 | — | — | |
| Financial assets | 0 | 7 | — | — | |
| Income taxes receivable | 3 | 0 | — | — | |
| Other receivables | 21 | 29 | — | — | |
| Total current assets | 641 | 452 | — | — | |
| Property, plant and equipment, net | 1,931 | 441 | — | — | |
| Operating lease right-of-use asset, net | 1 | 1 | — | — | |
| Deposits and prepaid expenses | 33 | 257 | — | — | |
| Financial assets | 212 | 0 | — | — | |
| Derivative assets | 122 | 0 | — | — | |
| Other non-current assets | 486,000 | 427,000 | — | — | |
| Total non-current assets | 2,299 | 700 | — | — | |
| Total assets | 2,940 | 1,153 | — | — | |
| Accounts payable and accrued expenses | 144 | 45 | — | — | |
| Operating lease liability, current portion | 404,000 | 289,000 | — | — | |
| Income taxes payable | 0 | 1 | — | — | |
| Deferred revenue | 884,000 | 3 | — | — | |
| Other liabilities, current portion | 4 | 1 | — | — | |
| Total current liabilities | 149 | 51 | — | — | |
| Operating lease liability, less current portion | 1 | 1 | — | — | |
| Convertible notes payable | 963 | 0 | — | — | |
| Deferred tax liabilities | 8 | 3 | — | — | |
| Income taxes payable, less current portion | 1 | 0 | — | — | |
| Other liabilities, less current portion | 234,000 | 117,000 | — | — | |
| Total non-current liabilities | 973 | 4 | — | — | |
| Total liabilities | 1,123 | 55 | — | — | |
| Commitments and contingencies (See Note 23) | — | — | — | — | |
| Additional paid-in capital | 89 | 51 | — | — | |
| Retained earnings (accumulated deficit) | −596 | −683 | — | — | |
| Accumulated other comprehensive income (loss) | −30 | −35 | — | — | |
| Total stockholders' equity | 1,817 | 1,097 | 305 | 437 | |
| Total liabilities and stockholders' equity | 2,940 | 1,153 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|
| Other non-operating income | 0 | −108,000 | 0 | |
| Other (income) expense | 12 | 0 | −3 | |
| Other finance expense | 586,000 | 0 | 0 | |
| Foreign exchange loss (gain) | 4 | −4 | 5 | |
| Accrued interest related to hardware financing | 0 | 0 | 11 | |
| Amortization of debt issuance costs | 1 | 0 | 1 | |
| Stock-based compensation expense | 43 | 24 | 14 | |
| Accounts receivable and other receivables | −10 | −6 | 18 | |
| Financial asset, current | 7 | 0 | 0 | |
| Accounts payable and accrued expenses | 17 | 10 | −2 | |
| Tax related receivables | −3 | 0 | 0 | |
| Tax related liabilities | 5 | 1 | 2 | |
| Other liabilities | 3 | 409,000 | −1 | |
| Deferred revenue | −2 | 3 | 0 | |
| Prepayments and deposits | −22 | 3 | −7 | |
| Operating lease liabilities | −146,000 | −384,000 | −321,000 | |
| Net cash used in operating activities | 246 | 52 | 6 | |
| Payments for property, plant and equipment net of hardware prepayments | −573 | −142 | −116 | |
| Payments for computer hardware prepayments | −799 | −338 | 0 | |
| Repayments/(advancement) of loan proceeds | 0 | 0 | 2 | |
| Payments for prepayments and other assets | −20 | −19 | −7 | |
| Proceeds from disposal of property, plant and equipment | 11 | 43,000 | 32 | |
| Deconsolidation of Non-Recourse SPVs | 0 | 0 | −1 | |
| Proceeds from release of deposits | 470,000 | 0 | 18 | |
| Net cash from (used in) investing activities | −1,380 | −498 | −71 | |
| Repayment of borrowings | 0 | 0 | −9 | |
| Proceeds from loan funded shares | 876,000 | 503,000 | 0 | |
| Proceeds from convertible notes | 701 | 0 | 0 | |
| Payment of borrowing transaction costs | −8 | 0 | −250,000 | |
| Net cash from (used in) financing activities | 1,295 | 783 | 29 | |
| Net increase (decrease) in cash and cash equivalents | 160 | 336 | −37 | |
| Effects of exchange rate changes on cash and cash equivalents | −209,000 | −672,000 | −4 | |
| Cash paid for interest | −8 | −213,000 | −4 | |
| Cash paid for income taxes | 0 | −1 | 0 | |
| Mining hardware finance prepayments made directly by third party financier | 0 | 0 | −3 | |
| Additions to right of use assets in exchange for an operating lease liability | 2 | 347,000 | 373,000 | |
| Unrealized gain (loss) on financial instruments | 27 | 0 | 0 | |
| ATM agent fees | 18 | 23 | 0 | |
| Stock-based compensation - third party issuance | 0 | 319,000 | 0 | |
| Reclassification of property and equipment to equipment held for sale | 23 | 0 | 0 | |
| Property and equipment obtained in exchange transactions | 49 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IREN Ltd's CIK number?
IREN Ltd's SEC CIK number is 0001878848 (1878848). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IREN Ltd's SEC filings?
All of IREN Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IREN Ltd last report earnings?
IREN Ltd (IREN) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001878848-26-000028). This is IREN Ltd's most recent earnings filing of record — not a forecast of its next earnings date.
What is IREN Ltd's most recent earnings 8-K?
IREN Ltd's latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001878848-26-000028. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IREN Ltd's latest earnings 8-K →
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