IREN
IREN Limited
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Latest Quote
$37.12
| Previous Close | $35.45 |
| Open | $35.82 |
| Day High | $37.32 |
| Day Low | $35.51 |
| Volume | 39,403,071 |
Stock Information
| Shares Outstanding | 394.06M |
| Total Debt | $7.84B |
| Cash Equivalents | $5.90B |
| Revenue | $707.01M |
| Net Income | $-702.62M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $14.63B |
| EPS (TTM) | $-2.22 |
| Exchange | NMS |
Recent Price History
About IREN Limited
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia.
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Income Statement (Annual)
| Metric | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $158,992,000 | $105,074,000 | $54,388,000 | $7,448,000 |
| Cost Of Revenue | $158,992,000 | $105,074,000 | $54,388,000 | $7,448,000 |
| Total Revenue | $501,023,000 | $187,192,000 | $75,509,000 | $59,037,000 |
| Operating Revenue | $501,023,000 | $187,192,000 | $75,509,000 | $59,037,000 |
| Expenses | ||||
| Interest Expense | $11,045,000 | $98,000 | $16,207,000 | $425,441,000 |
| Total Expenses | $478,901,000 | $214,469,000 | $124,067,000 | $58,575,000 |
| Other Income Expense | $74,920,000 | $-3,923,000 | $-105,596,000 | $7,854,000 |
| Other Non Operating Income Expenses | $817,000 | $108,000 | $3,137,000 | $12,000 |
| Net Non Operating Interest Income Expense | $-3,541,000 | $5,733,000 | $-15,283,000 | $-425,362,000 |
| Interest Expense Non Operating | $11,045,000 | $98,000 | $16,207,000 | $425,441,000 |
| Operating Expense | $319,909,000 | $109,395,000 | $69,679,000 | $51,127,000 |
| Other Operating Expenses | $2,315,000 | $6,508,000 | $4,971,000 | $14,844,000 |
| Selling And Marketing Expense | $2,884,000 | $2,051,000 | $716,000 | $305,000 |
| General And Administrative Expense | $124,331,000 | $47,976,000 | $32,467,000 | $25,768,000 |
| Rent Expense Supplemental | - | - | $773,000 | $177,000 |
| Total Other Finance Cost | - | - | $1,038,000 | $2,508,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Net Interest Income | $-3,541,000 | $5,733,000 | $-15,283,000 | $-425,362,000 |
| Interest Income | $7,504,000 | $5,831,000 | $924,000 | $79,000 |
| Normalized Income | $18,025,210 | $-26,098,300 | $-95,713,900 | $-425,259,400 |
| Net Income From Continuing And Discontinued Operation | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Total Operating Income As Reported | $17,327,000 | $-27,234,000 | $-157,241,000 | $307,000 |
| Net Income Common Stockholders | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Net Income | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Net Income Including Noncontrolling Interests | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Net Income Continuous Operations | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Pretax Income | $93,501,000 | $-25,467,000 | $-169,437,000 | $-417,046,000 |
| Special Income Charges | $4,299,000 | $43,000 | $-108,542,000 | $-167,000 |
| Interest Income Non Operating | $7,504,000 | $5,831,000 | $924,000 | $79,000 |
| Operating Income | $22,122,000 | $-27,277,000 | $-48,558,000 | $462,000 |
| Depreciation Amortization Depletion Income Statement | $181,136,000 | $50,470,000 | $30,673,000 | $7,741,000 |
| Depreciation And Amortization In Income Statement | $181,136,000 | $50,470,000 | $30,673,000 | $7,741,000 |
| Gross Profit | $342,031,000 | $82,118,000 | $21,121,000 | $51,589,000 |
| Depreciation Income Statement | - | $50,650,000 | $30,856,000 | $7,741,000 |
| Per Share | ||||
| Diluted EPS | $0.34 | $-0.29 | $-3.14 | $-10.25 |
| Basic EPS | $0.34 | $-0.29 | $-3.14 | $-10.25 |
| Other | ||||
| Tax Effect Of Unusual Items | $5,187,210 | $-1,209,300 | $-32,619,900 | $2,352,600 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $211,579,000 | $29,132,000 | $-13,824,000 | $8,294,000 |
| Total Unusual Items | $74,103,000 | $-4,031,000 | $-108,733,000 | $7,842,000 |
| Total Unusual Items Excluding Goodwill | $74,103,000 | $-4,031,000 | $-108,733,000 | $7,842,000 |
| Reconciled Depreciation | $181,136,000 | $50,470,000 | $30,673,000 | $7,741,000 |
| EBITDA (Bullshit earnings) | $285,682,000 | $25,101,000 | $-122,557,000 | $16,136,000 |
| EBIT | $104,546,000 | $-25,369,000 | $-153,230,000 | $8,395,000 |
| Diluted Average Shares | $258,103,209 | $99,640,920 | $54,775,571 | $40,941,074 |
| Basic Average Shares | $258,103,209 | $99,640,920 | $54,775,571 | $40,941,074 |
| Diluted NI Availto Com Stockholders | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Tax Provision | $6,560,000 | $3,453,000 | $2,390,000 | $2,724,000 |
| Gain On Sale Of Ppe | $4,002,000 | $43,000 | $-6,628,000 | $0 |
| Gain On Sale Of Business | $0 | $0 | $3,258,000 | $0 |
| Other Special Charges | $-9,068,000 | - | - | $464,000 |
| Write Off | $1,548,000 | $0 | $1,084,000 | $167,000 |
| Impairment Of Capital Assets | $7,223,000 | $0 | $104,088,000 | $0 |
| Gain On Sale Of Security | $69,804,000 | $-4,074,000 | $-191,000 | $8,009,000 |
| Other Taxes | $9,243,000 | $2,390,000 | $852,000 | $2,469,000 |
| Selling General And Administration | $127,215,000 | $50,027,000 | $33,183,000 | $26,073,000 |
| Other Gand A | $36,054,000 | $17,307,000 | $12,424,000 | $6,807,000 |
| Insurance And Claims | $18,102,000 | $7,033,000 | $5,687,000 | $5,065,000 |
| Salaries And Wages | $70,175,000 | $41,643,000 | $29,325,000 | $13,896,000 |
| Rent And Landing Fees | - | - | $773,000 | $177,000 |
| Otherunder Preferred Stock Dividend | - | - | - | - |
Balance Sheet (Annual)
| Metric | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,817,488,000 | $1,097,471,000 | $305,361,000 | $436,728,000 |
| Total Assets | $2,940,323,000 | $1,152,819,000 | $332,074,000 | $570,460,000 |
| Total Non Current Assets | $2,299,150,000 | $700,434,000 | $242,844,000 | $410,206,000 |
| Other Non Current Assets | $486,000 | $427,000 | $292,000 | $338,000 |
| Non Current Prepaid Assets | $29,847,000 | $17,458,000 | $0 | $158,184,000 |
| Financial Assets | $333,717,000 | $0 | - | - |
| Investmentin Financial Assets | $0 | $0 | - | - |
| Current Assets | $641,173,000 | $452,385,000 | $89,230,000 | $160,254,000 |
| Other Current Assets | $-1,000 | - | - | - |
| Hedging Assets Current | $5,756,000 | $0 | - | - |
| Prepaid Assets | $45,909,000 | $11,888,000 | $13,793,000 | $26,630,000 |
| Receivables | $24,983,000 | $29,366,000 | $6,543,000 | $23,654,000 |
| Other Receivables | $5,342,000 | $19,898,000 | $1,678,000 | $1,000 |
| Taxes Receivable | $17,440,000 | $7,844,000 | $4,865,000 | $21,258,000 |
| Accrued Interest Receivable | $637,000 | $1,472,000 | $0 | $75,000 |
| Accounts Receivable | $1,564,000 | $152,000 | $0 | - |
| Cash Cash Equivalents And Short Term Investments | $564,526,000 | $411,131,000 | $68,894,000 | $109,970,000 |
| Cash And Cash Equivalents | $564,526,000 | $404,601,000 | $68,894,000 | $109,970,000 |
| Non Current Deferred Assets | - | $0 | $8,000 | $2,235,000 |
| Non Current Deferred Taxes Assets | - | $0 | $8,000 | $2,235,000 |
| Cash Equivalents | - | $100,000,000 | $30,237,000 | $0 |
| Cash Financial | - | $304,601,000 | $38,657,000 | $109,970,000 |
| Goodwill And Other Intangible Assets | - | - | $0 | $634,000 |
| Loans Receivable | - | - | $0 | $2,320,000 |
| Restricted Cash | - | - | - | - |
| Debt | ||||
| Net Debt | $398,239,000 | - | - | - |
| Total Debt | $964,232,000 | $1,321,000 | $1,448,000 | $108,287,000 |
| Long Term Debt And Capital Lease Obligation | $963,828,000 | $1,032,000 | $1,256,000 | $47,803,000 |
| Long Term Debt | $962,765,000 | - | - | $46,618,000 |
| Current Debt And Capital Lease Obligation | $404,000 | $289,000 | $192,000 | $60,484,000 |
| Current Debt | - | - | - | $60,403,000 |
| Other Current Borrowings | - | - | - | $60,403,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $1,122,835,000 | $55,348,000 | $26,713,000 | $133,098,000 |
| Total Non Current Liabilities Net Minority Interest | $973,488,000 | $4,276,000 | $2,712,000 | $47,992,000 |
| Other Non Current Liabilities | $235,000 | $119,000 | - | - |
| Tradeand Other Payables Non Current | $1,454,000 | $0 | - | - |
| Non Current Deferred Liabilities | $7,971,000 | $3,125,000 | $1,365,000 | $189,000 |
| Non Current Deferred Taxes Liabilities | $7,971,000 | $3,125,000 | $1,365,000 | $189,000 |
| Current Liabilities | $149,347,000 | $51,072,000 | $24,001,000 | $85,106,000 |
| Other Current Liabilities | $3,944,000 | $1,342,000 | - | - |
| Current Deferred Liabilities | $884,000 | $2,558,000 | $0 | - |
| Payables And Accrued Expenses | $144,115,000 | $46,883,000 | $22,848,000 | $22,486,000 |
| Payables | $101,747,000 | $42,476,000 | $19,955,000 | $17,100,000 |
| Other Payable | $20,000,000 | $13,742,000 | $2,207,000 | $197,000 |
| Total Tax Payable | $0 | $1,389,000 | $8,411,000 | $3,673,000 |
| Income Tax Payable | $0 | $1,389,000 | $32,000 | $1,204,000 |
| Accounts Payable | $81,747,000 | $27,345,000 | $11,544,000 | $13,230,000 |
| Current Notes Payable | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $1,817,488,000 | $1,097,471,000 | $305,361,000 | $437,362,000 |
| Total Equity Gross Minority Interest | $1,817,488,000 | $1,097,471,000 | $305,361,000 | $437,362,000 |
| Stockholders Equity | $1,817,488,000 | $1,097,471,000 | $305,361,000 | $437,362,000 |
| Gains Losses Not Affecting Retained Earnings | $-30,073,000 | $-34,994,000 | $-34,655,000 | $-6,814,000 |
| Other Equity Adjustments | $-30,073,000 | $-34,994,000 | - | - |
| Retained Earnings | $-596,167,000 | $-683,110,000 | $-654,276,000 | $-482,405,000 |
| Other Equity Interest | - | $51,286,000 | $28,435,000 | - |
| Other | ||||
| Ordinary Shares Number | $258,103,209 | $186,367,686 | $64,747,477 | $53,028,867 |
| Share Issued | $258,103,209 | $186,367,686 | $64,747,477 | $53,028,867 |
| Tangible Book Value | $1,817,488,000 | $1,097,471,000 | $305,361,000 | $436,728,000 |
| Invested Capital | $2,780,253,000 | $1,097,471,000 | $305,361,000 | $544,383,000 |
| Working Capital | $491,826,000 | $401,313,000 | $65,229,000 | $75,148,000 |
| Capital Lease Obligations | $1,467,000 | $1,321,000 | $1,448,000 | $1,266,000 |
| Total Capitalization | $2,780,253,000 | $1,097,471,000 | $305,361,000 | $483,980,000 |
| Additional Paid In Capital | $88,672,000 | $51,286,000 | - | - |
| Capital Stock | $2,355,056,000 | $1,764,289,000 | $965,857,000 | $926,581,000 |
| Common Stock | $2,355,056,000 | $1,764,289,000 | $965,857,000 | $926,581,000 |
| Long Term Capital Lease Obligation | $1,063,000 | $1,032,000 | $1,256,000 | $1,185,000 |
| Current Deferred Revenue | $884,000 | $2,558,000 | $0 | - |
| Current Capital Lease Obligation | $404,000 | $289,000 | $192,000 | $81,000 |
| Current Accrued Expenses | $42,368,000 | $4,407,000 | $2,893,000 | $5,386,000 |
| Investments And Advances | $0 | $0 | - | - |
| Net PPE | $1,935,100,000 | $682,549,000 | $242,544,000 | $406,999,000 |
| Accumulated Depreciation | $-181,631,000 | $-96,655,000 | $-47,672,000 | $-9,079,000 |
| Gross PPE | $2,116,731,000 | $779,204,000 | $290,216,000 | $416,078,000 |
| Leases | $43,000 | $0 | $1,649,000 | $1,309,000 |
| Construction In Progress | $240,802,000 | $342,788,000 | $14,495,000 | $224,481,000 |
| Other Properties | $1,463,000 | $1,336,000 | $115,024,000 | $171,120,000 |
| Machinery Furniture Equipment | $1,221,587,000 | $215,937,000 | $119,169,000 | $174,684,000 |
| Buildings And Improvements | $639,750,000 | $215,542,000 | $153,100,000 | $13,768,000 |
| Land And Improvements | $13,086,000 | $3,601,000 | $1,803,000 | $1,836,000 |
| Properties | $0 | $0 | $0 | $0 |
| Other Short Term Investments | $0 | $6,530,000 | $0 | - |
| Foreign Currency Translation Adjustments | - | $-34,993,000 | $-34,655,000 | - |
| Employee Benefits | - | $119,000 | $91,000 | $0 |
| Pensionand Other Post Retirement Benefit Plans Current | - | $1,342,000 | $961,000 | $2,136,000 |
| Treasury Shares Number | - | - | $0 | - |
| Current Provisions | - | - | $6,172,000 | $2,469,000 |
| Goodwill | - | - | $0 | $634,000 |
Cash Flow Statement (Annual)
| Metric | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-1,126,741,000 | $-427,690,000 | $-110,335,000 | $-331,727,000 |
| Operating Activities | ||||
| Operating Cash Flow | $245,886,000 | $52,219,000 | $5,729,000 | $-37,480,000 |
| Cash Flow From Continuing Operating Activities | $245,886,000 | $52,219,000 | $5,729,000 | $-37,480,000 |
| Operating Gains Losses | $-5,059,000 | $-7,671,000 | $8,569,000 | $381,842,000 |
| Cash Flowsfromusedin Operating Activities Direct | - | $52,716,000 | $6,045,000 | $-37,480,000 |
| Other Cash Paymentsfrom Operating Activities | - | $-139,535,000 | - | $-32,231,000 |
| Classesof Cash Receiptsfrom Operating Activities | - | $187,456,000 | $81,527,000 | $59,037,000 |
| Other Cash Receiptsfrom Operating Activities | - | $438,000 | $3,104,000 | - |
| Investing Activities | ||||
| Capital Expenditure | $-1,372,627,000 | $-479,909,000 | $-116,064,000 | $-294,247,000 |
| Investing Cash Flow | $-1,380,487,000 | $-498,466,000 | $-71,467,000 | $-259,078,000 |
| Cash Flow From Continuing Investing Activities | $-1,380,487,000 | $-498,466,000 | $-71,467,000 | $-259,078,000 |
| Net Other Investing Changes | $-19,502,000 | $-18,600,000 | $-5,072,000 | $-23,908,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $602,681,000 | $783,572,000 | $39,252,000 | $215,331,000 |
| Financing Cash Flow | $1,294,735,000 | $782,626,000 | $28,558,000 | $372,038,000 |
| Cash Flow From Continuing Financing Activities | $1,294,735,000 | $782,626,000 | $28,558,000 | $372,038,000 |
| Net Other Financing Charges | $-9,157,000 | $-946,000 | $-1,262,000 | $103,633,000 |
| Net Common Stock Issuance | $602,681,000 | $783,572,000 | $39,252,000 | $215,331,000 |
| Common Stock Issuance | $602,681,000 | $783,572,000 | $39,252,000 | $215,331,000 |
| Other | ||||
| Repayment Of Debt | $0 | $0 | $-9,432,000 | $-12,126,000 |
| Issuance Of Debt | $701,211,000 | $0 | $0 | $65,200,000 |
| End Cash Position | $564,526,000 | $404,601,000 | $68,894,000 | $109,970,000 |
| Beginning Cash Position | $404,601,000 | $68,894,000 | $109,970,000 | $38,990,000 |
| Effect Of Exchange Rate Changes | $-209,000 | $-672,000 | $-3,894,000 | $-4,500,000 |
| Changes In Cash | $160,134,000 | $336,379,000 | $-37,182,000 | $75,480,000 |
| Net Issuance Payments Of Debt | $701,211,000 | $0 | $-9,432,000 | $53,074,000 |
| Net Long Term Debt Issuance | $701,211,000 | $0 | $-9,432,000 | $53,074,000 |
| Long Term Debt Payments | $0 | $0 | $-9,432,000 | $-12,126,000 |
| Long Term Debt Issuance | $701,211,000 | $0 | $0 | $65,200,000 |
| Net Investment Purchase And Sale | $470,000 | $0 | $18,395,000 | $0 |
| Sale Of Investment | $470,000 | $0 | $18,395,000 | $0 |
| Net Business Purchase And Sale | $0 | $0 | $-1,214,000 | $0 |
| Purchase Of Business | $0 | $0 | $-1,214,000 | $0 |
| Net PPE Purchase And Sale | $-1,361,455,000 | $-479,866,000 | $-83,576,000 | $-294,207,000 |
| Sale Of PPE | $11,172,000 | $43,000 | $32,488,000 | $40,000 |
| Purchase Of PPE | $-1,372,627,000 | $-479,909,000 | $-116,064,000 | $-294,247,000 |
| Change In Working Capital | $-5,436,000 | $11,364,000 | $9,662,000 | $4,213,000 |
| Change In Other Working Capital | $-1,674,000 | $2,558,000 | $4,759,000 | $2,413,000 |
| Change In Other Current Liabilities | $2,572,000 | $25,000 | $-1,496,000 | - |
| Change In Other Current Assets | $6,530,000 | $0 | $0 | - |
| Change In Payables And Accrued Expense | $21,600,000 | $11,429,000 | $134,000 | $6,476,000 |
| Change In Payable | $21,600,000 | $11,429,000 | $134,000 | $6,476,000 |
| Change In Account Payable | $16,689,000 | $10,072,000 | $-2,097,000 | - |
| Change In Tax Payable | $4,911,000 | $1,357,000 | $2,231,000 | - |
| Change In Income Tax Payable | $4,911,000 | $1,357,000 | $2,231,000 | - |
| Change In Prepaid Assets | $-22,227,000 | $2,940,000 | $-6,617,000 | $-4,604,000 |
| Change In Receivables | $-12,237,000 | $-5,588,000 | $17,641,000 | $-72,000 |
| Other Non Cash Items | $13,797,000 | $-108,000 | $9,124,000 | $-25,569,000 |
| Stock Based Compensation | $42,642,000 | $23,636,000 | $14,356,000 | $13,896,000 |
| Unrealized Gain Loss On Investment Securities | $-77,518,000 | $3,448,000 | $0 | $0 |
| Asset Impairment Charge | $9,383,000 | $0 | $105,172,000 | $167,000 |
| Depreciation Amortization Depletion | $181,136,000 | $50,470,000 | $30,673,000 | $7,741,000 |
| Depreciation And Amortization | $181,136,000 | $50,470,000 | $30,673,000 | $7,741,000 |
| Depreciation | $181,136,000 | $50,470,000 | $30,673,000 | $7,741,000 |
| Gain Loss On Investment Securities | $4,215,000 | $-4,121,000 | - | $390,743,000 |
| Net Foreign Currency Exchange Gain Loss | $3,821,000 | $-3,507,000 | $5,199,000 | $-8,889,000 |
| Gain Loss On Sale Of PPE | $-4,002,000 | $-43,000 | $6,628,000 | $-12,000 |
| Gain Loss On Sale Of Business | $0 | $0 | $-3,258,000 | $0 |
| Net Income From Continuing Operations | $86,941,000 | $-28,920,000 | $-171,827,000 | $-419,770,000 |
| Net Intangibles Purchase And Sale | - | $183,586,000 | $78,423,000 | $59,037,000 |
| Sale Of Intangibles | - | $183,586,000 | $78,423,000 | $59,037,000 |
| Interest Received Direct | - | $5,008,000 | $803,000 | $4,000 |
| Interest Paid Direct | - | $-213,000 | $-4,102,000 | $-5,253,000 |
| Classesof Cash Payments | - | $-139,535,000 | $-72,183,000 | $-32,231,000 |
| Receiptsfrom Customers | - | $187,018,000 | $78,423,000 | $0 |
| Paymentsto Suppliersfor Goodsand Services | - | - | $-72,183,000 | $-32,231,000 |
| Proceeds From Stock Option Exercised | - | - | - | $0 |