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IREN Ltd. IREN Q4 2025 Annual earnings

Reported August 28, 2025 · After market close

Revenue$187.3MMiss by $1.6M
EPS$0.08Miss by $0.10
Revenue estimate$188.9M
EPS estimate$0.18

Next report

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

Financials

Q4 2025

Income statement

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Revenue$187.3M+300%
Gross profit$134.4M+437%
Operating income$17.9M+363%
Net income$176.7M+2,544%
EPS (diluted)$0.83+1,245%

Balance sheet

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Cash & equivalents$564.5M+39.5%
Total debt$964.2M+72,893%
Total equity$1.8B+65.6%
Total assets$2.9B+155%

Cash flow

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Operating cash flow$103.1M+690%
CapEx$184.1M+419%
Free cash flow-$81.0M-261%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$2.79B+68.7%
Enterprise value$3.19B+155%
P/E32.1×—
P/S5.6×-3.3×

Profitability

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Gross margin68.3%+14.8pp
Operating margin3.5%+1.9pp
Net margin17.4%+11.8pp
FCF margin-65.4%+37.6pp

Returns & leverage

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Return on equity6%+4.2pp
Debt / equity0.5×+0.5×
Current ratio4.3×-4.6×

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$180.3M+292%
AI Cloud$7.0M+797%

By segment

See full
AI Cloud$7.0M+797%

FAQ

When did IREN Ltd. report Q4 2025 earnings?
IREN Ltd. (IREN) reported Q4 2025 earnings on August 28, 2025 after market close.
What were IREN Ltd.'s Q4 2025 revenue and EPS?
IREN Ltd. reported revenue of $187.3M and eps of $0.08 for Q4 2025.
Did IREN Ltd. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $188.9M by $1.6M. EPS missed the consensus estimate of $0.18 by $0.10.
How did IREN Ltd.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 229.8% from $56.8M a year earlier.
Where can I find IREN Ltd.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001878848-25-000062) and the 10-K periodic report (0001878848-25-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.