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IREN Ltd. IREN Q3 2025 earnings

Reported May 14, 2025 · After market close

Revenue$144.8MMiss by $27.1M
EPS$0.11Miss by $0.06
Revenue estimate$172.0M
EPS estimate$0.17

Next report

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

Financials

Q3 2025

Income statement

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Revenue$144.8M+209%
Gross profit$102.9M+311%
Operating income$29.2M+529%
Net income-$16.1M-123%
EPS (diluted)-$0.07+3.4%

Balance sheet

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Cash & equivalents$184.3M—
Total equity$1.3B—

Cash flow

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Operating cash flow$93.1M+613%
CapEx$35.8M+1.1%
Free cash flow-$51.3M-129%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$1.33B+68.4%
P/S3.7×-1.3×

Profitability

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Gross margin64.5%+11.7pp
Operating margin-2%-1.0pp
Net margin-26.9%-6.8pp
FCF margin-74.6%+25.3pp

Segments

By geography

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Australia$121.2M+163%
Canada$4.1M+428%
United States-—

By product

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Bitcoin mining$141.2M+207%
AI Cloud$3.6M+361%

By segment

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AI Cloud$3.6M+361%

FAQ

When did IREN Ltd. report Q3 2025 earnings?
IREN Ltd. (IREN) reported Q3 2025 earnings on May 14, 2025 after market close.
What were IREN Ltd.'s Q3 2025 revenue and EPS?
IREN Ltd. reported revenue of $144.8M and eps of $0.11 for Q3 2025.
Did IREN Ltd. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $172.0M by $27.1M. EPS missed the consensus estimate of $0.17 by $0.06.
How did IREN Ltd.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 168.4% from $54.0M a year earlier and eps grew 57.1% from $0.07.