IREN Ltd (IREN) financial statements: income statement, balance sheet and cash flow

IREN Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), IREN Ltd reported revenue of $707.0M (+41.1% year on year) and net income of ($702.6M) (-908.2% year on year).

Income statement

IREN Ltd income statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Total revenue	$707.0M	$501.0M	—	—
Total segment and consolidated cost of revenue	($219.7M)	($159.0M)	—	—
Selling, general and administrative expenses	($449.1M)	($136.5M)	—	—
Depreciation and amortization	($417.7M)	($181.1M)	—	—
Impairment of assets	($638.8M)	($7.2M)	$0	($105.2M)
Gain (loss) on disposal of property, plant and equipment	($24.9M)	$4.0M	$43.0K	($6.6M)
Other operating expenses	($15.2M)	($13.3M)	($21.1M)	($18.8M)
Other operating income	$11.7M	$9.4M	—	—
Total operating (expenses) income	($1.5B)	($324.7M)	—	—
Operating (loss) income	($1.0B)	$17.3M	—	—
Finance expense	($59.3M)	($11.0M)	($253.0K)	($16.4M)
Interest income	$80.6M	$7.5M	$5.8M	$924.0K
Increase (decrease) in fair value of assets held for sale	($110.6M)	($2.2M)	—	—
Realized gain (loss) on financial instruments	($9.3M)	($4.2M)	—	—
Unrealized gain (loss) on financial instruments	$558.5M	$77.5M	—	—
Gain on partial extinguishment of financial liabilities	$0	$9.1M	—	—
Debt conversion inducement expense	($111.8M)	—	—	—
Foreign exchange gain (loss)	($10.3M)	($1.3M)	($4.7M)	($191.0K)
Other non-operating income	$72.0K	$817.0K	—	—
Total other (expense) income	$338.0M	$76.2M	—	—
Income (loss) before taxes	($708.7M)	$93.5M	—	—
Income tax (expense) benefit	$6.1M	($6.6M)	—	—
Net income (loss)	($702.6M)	$86.9M	—	—
Basic net income (loss) per share of Ordinary shares ( in USD per share)	-$2.22	$0.41	—	—
Basic weighted-average shares used in computing net income (loss) per share of Ordinary shares (in shares)	$316123145.00	$214586767.00	—	—
Diluted net income (loss) per share of Ordinary shares (in USD per share)	-$2.22	$0.39	—	—
Diluted weighted-average shares used in computing net income (loss) per share of Ordinary shares (in shares)	$316123145.00	$223245651.00	—	—
Gain (loss) on cash flow hedges, net of tax	$3.1M	—	—	—
Change in foreign currency translation adjustments, net of tax	($14.5M)	$4.9M	—	—
Total other comprehensive income (loss), net of tax	($11.4M)	—	—	—
Total comprehensive income (loss)	($714.0M)	$91.9M	—	—

IREN Ltd income statement, quarters

Line item	Mar 31, 2026 · Q3	Dec 31, 2025 · Q2	Sep 30, 2025 · Q1	Mar 31, 2025 · YTD
Total revenue	$144.8M	$184.7M	$240.3M	—
Total cost of revenue	($39.9M)	($65.8M)	($80.7M)	—
Selling, general and administrative expenses	($81.8M)	($100.8M)	($138.4M)	—
Depreciation and amortization	($121.2M)	($99.2M)	($85.2M)	—
Impairment of assets	($140.4M)	($31.8M)	($16.3M)	($9.6M)
Gain (loss) on disposal of property, plant and equipment	$234.0K	$7.0K	($13.0K)	$1.7M
Other operating expenses	($39.0K)	($5.5M)	$0	($30.5M)
Other operating income	$4.8M	$1.8M	$3.8M	—
Total operating (expenses) income	($338.4M)	($235.3M)	($236.0M)	—
Operating (loss) income	($233.5M)	($116.4M)	($76.4M)	—
Finance expense	($14.8M)	($10.7M)	($9.3M)	($14.2M)
Interest income	$21.8M	$15.8M	$7.1M	$5.8M
Increase (decrease) in fair value of assets held for sale	($2.0M)	($6.4M)	$0	—
Realized gain (loss) on financial instruments	$0	($2.9M)	($5.8M)	—
Unrealized gain (loss) on financial instruments	($23.7M)	($107.4M)	$665.0M	$19.1M
Debt conversion inducement expense	$0	($111.8M)	—	—
Foreign exchange gain (loss)	($1.9M)	$1.9M	($5.4M)	($3.7M)
Other non-operating income	$75.0K	$0	$0	—
Total other (expense) income	($20.6M)	($221.5M)	$651.7M	—
Income (loss) before taxes	($254.1M)	($337.9M)	$575.3M	—
Income tax (expense) benefit	$6.3M	$182.5M	($190.7M)	($9.3M)
Net income (loss)	($247.8M)	($155.4M)	$384.6M	—
Basic net income (loss) per share of Ordinary shares ( in USD per share)	-$0.74	-$0.52	$1.42	—
Basic weighted-average shares used in computing net income loss per share of Ordinary shares (in shares)	$333734176.00	$298027356.00	$270696733.00	—
Diluted net income (loss) per share of Ordinary shares (in USD per share)	-$0.74	-$0.52	$1.08	—
Diluted weighted-average shares used in computing net income loss per share of Ordinary shares (in shares)	$333734176.00	$298027356.00	$361680593.00	—
Change in foreign currency translation adjustments	($7.1M)	$3.2M	($5.5M)	—
Total comprehensive income (loss)	($254.9M)	($152.2M)	$379.2M	—

Balance sheet

IREN Ltd balance sheet, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Cash and cash equivalents	$5.9B	$564.5M	$404.6M	$68.9M
Restricted cash, current portion	$1.7B	—	—	—
Accounts receivable, net	$21.1M	$1.6M	—	—
Deposits and prepaid expenses	$189.1M	$45.9M	—	—
Derivative assets	$0	$5.8M	—	—
Assets held for sale	$72.5M	—	—	—
Income taxes receivable	$1.1M	$2.6M	—	—
Other assets	$36.5M	—	$427.0K	$292.0K
Total current assets	$7.9B	$641.2M	$452.4M	$89.2M
Property, plant and equipment, net	$6.8B	$1.9B	—	—
Intangible assets, net	$317.4M	—	—	—
Goodwill	$36.6M	—	—	$0
Operating lease right-of-use asset, net	$2.7M	$1.5M	—	—
Restricted cash, less current portion	$53.7M	—	—	—
Deposits and prepaid expenses	$266.0M	$32.9M	—	—
Financial assets	$0	$0	—	—
Derivative assets	$415.6M	$122.1M	—	—
Other assets	$58.7M	$486.0K	—	—
Total non-current assets	$7.9B	$2.3B	$700.6M	$242.8M
Total assets	$15.8B	$2.9B	$1.2B	$332.1M
Accounts payable and accrued expenses	$1.8B	$144.1M	—	—
Operating lease liability, current portion	$555.0K	$404.0K	—	—
Finance lease liability, current portion	$125.3M	—	—	—
Debt, current portion	$169.4M	—	—	—
Income taxes payable, current portion	$0	$0	—	—
Deferred revenue, current portion	$46.5M	—	—	—
Other liabilities, current portion	$54.0M	$3.9M	—	—
Total current liabilities	$2.2B	$149.3M	$51.0M	$24.0M
Operating lease liability, less current portion	$2.2M	$1.1M	—	—
Finance lease liability, less current portion	$118.5M	—	—	—
Debt, less current portion	$7.4B	—	—	—
Deferred revenue, less current portion	$1.8B	—	—	—
Deferred tax liabilities	$30.8M	$8.0M	$3.1M	$1.4M
Income taxes payable, less current portion	$4.3M	$1.5M	—	—
Other liabilities, less current portion	$7.9M	$234.0K	—	—
Total non-current liabilities	$9.4B	$973.5M	$4.7M	$2.7M
Total liabilities	$11.6B	$1.1B	$55.7M	$26.7M
Common stock, par value (in USD per share)	$0.00	—	—	—
Common stock per class	$7.2B	$2.4B	—	—
Additional paid-in capital	($1.6B)	$88.7M	—	—
Retained earnings (accumulated deficit)	($1.3B)	($596.2M)	—	—
Accumulated other comprehensive income (loss)	($41.4M)	($30.1M)	—	—
Total stockholders' equity	$4.2B	$1.8B	—	—
Total liabilities and stockholders' equity	$15.8B	$2.9B	—	—

IREN Ltd balance sheet, quarters

Line item	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Mar 31, 2025
Cash and cash equivalents	$2.2B	$3.3B	$1.0B	$184.3M
Accounts receivable, net	$69.1M	$9.6M	$24.1M	—
Deposits and prepaid expenses	$90.0M	$55.3M	$53.3M	—
Derivative assets	$0	$0	$2.9M	—
Income taxes receivable	$0	$0	$0	—
Assets held for sale	$6.5M	$20.1M	—	$1.3M
Other assets and other receivables	$45.7M	$37.8M	—	—
Total current assets	$2.4B	$3.4B	$1.1B	$255.9M
Property, plant and equipment, net	$4.4B	$3.2B	$2.1B	—
Intangible assets, net	$108.8M	$107.6M	—	—
Operating lease right-of-use asset, net	$2.9M	$1.3M	$1.4M	—
Deposits and prepaid expenses	$161.8M	$148.8M	$30.5M	—
Financial assets	$0	$0	$681.4M	—
Derivative assets	$192.0M	$215.7M	$314.4M	—
Other non-current assets	$5.0M	$282.0K	$317.0K	—
Total non-current assets	$4.8B	$3.6B	$3.1B	$1.7B
Total assets	$7.3B	$7.0B	$4.3B	$2.0B
Accounts payable and accrued expenses	$461.8M	$576.3M	$151.9M	—
Operating lease liability, current portion	$540.0K	$402.0K	$400.0K	—
Finance lease liability, current portion	$122.2M	$61.9M	—	—
Income taxes payable, current portion	$910.0K	$752.0K	$134.0K	—
Deferred revenue, current portion	$21.8M	$6.8M	$1.1M	—
Other liabilities, current portion	$44.1M	$36.1M	$50.2M	—
Total current liabilities	$651.4M	$682.1M	$203.7M	$553.1M
Operating lease liability, less current portion	$2.3M	$936.0K	$1.0M	—
Finance lease liability, less current portion	$152.1M	$94.1M	—	—
Convertible notes payable	$3.7B	$3.7B	$964.2M	—
Deferred revenue, less current portion	$98.6M	$39.8M	$22.2M	—
Deferred tax liabilities	$640.0K	$8.1M	$195.4M	$9.6M
Income taxes payable, less current portion	$2.7M	$2.3M	$2.0M	—
Other liabilities, less current portion	$4.9M	$3.8M	$2.6M	—
Total non-current liabilities	$3.9B	$3.8B	$1.2B	$11.1M
Total liabilities	$4.6B	$4.5B	$1.4B	$564.2M
Common stock per class	$5.0B	$4.7B	$3.0B	—
Additional paid-in capital	($1.7B)	($1.8B)	$157.7M	—
Retained earnings (accumulated deficit)	($614.8M)	($367.0M)	($211.6M)	—
Accumulated other comprehensive income (loss)	($39.4M)	($32.3M)	($35.5M)	—
Total stockholders’ equity	$2.7B	$2.5B	$2.9B	—
Total liabilities and stockholders’ equity	$7.3B	$7.0B	$4.3B	—

Cash flow statement

IREN Ltd cash flow statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net income (loss)	($702.6M)	$86.9M	—	—
Depreciation and amortization	$417.7M	$181.1M	—	—
Impairment of assets	$638.8M	$7.2M	—	—
Increase (decrease) in fair value of assets held for sale	$110.6M	—	—	—
Other non-operating income	$0	$0	—	—
Realized gain (loss) on financial asset	$8.7M	$4.2M	—	—
Unrealized (gain) loss on financial instrument	($558.5M)	($77.5M)	—	—
Debt conversion inducement expense	$111.8M	—	—	—
Other (income) expense	$0	$11.8M	—	—
Other finance expense	$0	$586.0K	—	—
(Gain) loss on disposal of property, plant and equipment	$24.9M	($4.0M)	—	—
Foreign exchange loss (gain)	$9.9M	$3.8M	—	—
Gain on partial extinguishment of financial liabilities	$0	($9.1M)	—	—
Amortization of debt issuance costs	$9.4M	$1.4M	—	—
Stock-based compensation expense	$205.0M	$42.6M	—	—
Accounts receivable and other receivables	($29.4M)	($9.7M)	—	—
Financial asset, current	$0	$6.5M	—	—
Accounts payable and accrued expenses	$38.0M	$16.7M	—	—
Other assets	$494.0K	—	—	—
Tax related receivables	$0	($2.6M)	—	—
Tax related liabilities	($9.1M)	$4.9M	—	—
Other liabilities	$49.5M	$2.7M	—	—
Deferred revenue	$1.8B	($1.7M)	—	—
Prepayments and deposits	($67.7M)	($22.2M)	—	—
Operating lease liabilities	$1.3M	($146.0K)	—	—
Net cash from (used in) operating activities	$2.1B	$245.9M	—	—
Payments for property, plant and equipment, net of computer hardware	($3.0B)	($573.5M)	—	—
Payments for computer hardware	($1.3B)	—	—	—
Payments for intangible assets	($107.6M)	—	—	—
Payments for other prepayments and deposits	($203.4M)	—	—	—
Proceeds from disposal of property, plant and equipment	$23.8M	$11.2M	$43.0K	$32.5M
Deposits paid for right-of-use assets	($10.2M)	—	—	—
Payment for the acquisition of subsidiaries	($92.5M)	—	—	—
Proceeds from release of deposits	$0	$470.0K	$0	$18.4M
Net cash from (used in) investing activities	($4.7B)	($1.4B)	—	—
Payments of offering costs for committed equity facility and issuance of Ordinary shares	-50.4M	-1.1M	—	—
Proceeds from committed equity facility and issuance of Ordinary shares	4.7B	601.8M	—	—
Payment for induced conversion of convertible notes	($1.6B)	—	—	—
Proceeds from loan funded shares	658.0K	876.0K	503.0K	—
Proceeds from exercise of options	$6.6M	—	—	—
Proceeds from convertible notes	$6.3B	$701.2M	—	—
Proceeds from financing facilities	$938.0M	—	—	—
Repayment of debt	($9.2M)	$0	—	—
Payment of capped call transactions	($448.9M)	—	—	—
Settlement of capped call transactions	$38.8M	—	—	—

IREN Ltd cash flow statement, quarters

Line item	Mar 31, 2026 · YTD	Dec 31, 2025 · YTD	Sep 30, 2025 · Q1	Mar 31, 2025 · YTD
Net income (loss)	($18.6M)	$229.2M	$384.6M	—
Depreciation and amortization	$305.6M	$184.4M	$85.2M	—
Impairment of assets	$188.4M	$48.0M	$16.3M	—
Change in fair value of assets held for sale	$8.5M	$6.4M	$0	—
Realized (gain) loss on financial instruments	$8.7M	$8.7M	$5.8M	—
Unrealized (gain) loss on financial instruments	($533.9M)	($557.6M)	($665.0M)	—
Debt conversion inducement expense	$111.8M	$111.8M	—	—
Other (income) expense	$0	$0	$0	—
(Gain) loss on disposal of property, plant and equipment	($228.0K)	$6.0K	$13.0K	—
Foreign exchange loss (gain)	$7.0M	$7.7M	$2.2M	—
Stock-based compensation expense	$162.1M	$130.6M	$72.4M	—
Amortization of debt issuance costs	$6.1M	$3.4M	$1.3M	—
Accounts receivable and other receivables	($92.4M)	($25.0M)	($13.1M)	—
Other assets	($4.5M)	$204.0K	$169.0K	—
Financial asset, current	$0	$0	$0	—
Tax related liabilities	$219.0K	$7.6M	$187.9M	—
Accounts payable and accrued expenses	$6.9M	($9.0M)	$3.5M	—
Other liabilities	$44.8M	$35.7M	$48.7M	—
Deferred revenue	$119.5M	$45.7M	$22.5M	—
Prepayments and deposits	($32.0M)	($13.7M)	($12.6M)	—
Operating lease liabilities	$1.4M	($129.0K)	($44.0K)	—
Net cash from (used in) operating activities	$289.3M	$214.0M	$142.4M	($161.2M)
Payments for property, plant and equipment, net of computer hardware	($1.7B)	($720.0M)	($180.3M)	—
Payments for computer hardware	($685.8M)	($279.7M)	—	—
Payments for intangible assets	($107.6M)	($107.6M)	—	—
Payments for other prepayments and deposits	($159.1M)	($14.4M)	—	—
Proceeds from disposal of property, plant and equipment	$22.8M	$0	$0	$10.0M
Proceeds from release of deposits	$0	—	—	—
Deposits paid for right-of-use assets	($10.2M)	($10.2M)	—	—
Net cash from (used in) investing activities	($2.6B)	($1.1B)	($280.9M)	($706.0M)
Payment of offering costs for the issuance of Ordinary shares	-24.0M	-18.5M	-18.5M	—
Proceeds from the issuance of Ordinary shares	2.6B	2.3B	618.4M	—
Payment for induced conversion of convertible notes	($1.6B)	($1.6B)	—	—
Proceeds from loan funded shares	658.0K	658.0K	557.0K	858.0K
Proceeds from exercise of options	$6.6M	$6.6M	$6.6M	—
Proceeds from convertible notes	$3.3B	$3.3B	—	$311.6M
Payment of capped call transactions	($252.3M)	($252.3M)	—	—
Payment of borrowing transaction costs	($51.5M)	($49.6M)	($877.0K)	—
Repayment of lease liabilities	($17.6M)	—	—	($349.0K)
Net cash from (used in) financing activities	$4.0B	$3.6B	$606.1M	—
Net increase (decrease) in cash and cash equivalents	$1.6B	$2.7B	$467.6M	($218.8M)
Cash and cash equivalents at the beginning of the period	$564.5M	$564.5M	$564.5M	$404.6M
Effects of exchange rate changes on cash and cash equivalents	($416.0K)	$152.0K	$124.0K	($1.5M)
Cash and cash equivalents at the end of period	$2.2B	$3.3B	$1.0B	—
Cash paid for interest	$21.2M	$16.9M	$0	—

IREN Ltd score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.