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IREN Ltd. IREN Q1 2026 earnings

Reported November 6, 2025 · After market close

Revenue$240.3MMiss by $1.1M
EPS-$0.34Miss by $0.49
Revenue estimate$241.4M
EPS estimate$0.15

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$235.8M
EPS estimate-$0.56

Financials

Q1 2026

Income statement

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Revenue$240.3M+355%
Gross profit$159.6M+664%
Operating income-$76.4M-62.3%
Net income$384.6M+844%
EPS (diluted)$1.08+500%

Balance sheet

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Cash & equivalents$1.0B+947%
Total debt$1.4M—
Total equity$2.9B+155%
Total assets$4.3B—

Cash flow

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Operating cash flow$142.4M+3,736%
CapEx$180.3M+70.4%
Free cash flow-$38.0M+65.4%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$12.76B+709%
Enterprise value$11.73B—
P/E24.4×—
P/S18.5×+10.4×

Profitability

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Gross margin69.8%+20.1pp
Operating margin-1.7%-0.8pp
Net margin76%+57.0pp
FCF margin-37.1%-13.9pp

Returns & leverage

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Return on equity26.1%—
Debt / equity0×—
Current ratio5.5×—

Segments

By geography

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Australia$144.6M+19.3%
Canada$32.2M+686%
United States-—

By product

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Bitcoin mining$232.9M+370%
AI Cloud$7.3M+130%

By segment

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AI Cloud$7.3M+130%

FAQ

When did IREN Ltd. report Q1 2026 earnings?
IREN Ltd. (IREN) reported Q1 2026 earnings on November 6, 2025 after market close.
What were IREN Ltd.'s Q1 2026 revenue and EPS?
IREN Ltd. reported revenue of $240.3M and eps of $-0.34 for Q1 2026.
Did IREN Ltd. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $241.4M by $1.1M. EPS missed the consensus estimate of $0.15 by $0.49.
How did IREN Ltd.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 341.8% from $54.4M a year earlier and eps declined 54.5% from $-0.22.
Where can I find IREN Ltd.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001140361-25-040072) and the 10-Q periodic report (0001878848-25-000081) directly on SEC EDGAR. The filing index links above go to sec.gov.