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IREN Ltd. IREN Total Revenue

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Segments

By geography

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Australia$578.21M+19.3%
Canada$128.8M+686%
United States$0

By product

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Bitcoin mining$111.16M-21.3%
AI Cloud$70.52M+913%

By segment

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AI Cloud$70.52M+913%

Other financials

Income statement

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Gross profit$103.9M-22.7%
Operating income-$620.4M-3,568%
Net income-$684.0M-487%
EPS (diluted)-$2.16-360%

Balance sheet

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Cash & equivalents$5.9B+944%
Total debt$7.8B+713%
Total equity$4.2B+130%
Total assets$15.8B+437%

Cash flow

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Operating cash flow$1.8B+1,656%
CapEx$1.3B+622%
Free cash flow-$873.8M-1,602%

Valuation

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Market cap$16.38B+65.3%
Enterprise value$18.33B+77.7%
P/S23.2×+3.4×

Profitability

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Gross margin68.9%+0.7pp
Operating margin-148%-152pp
Net margin-99.4%-117pp
FCF margin-193%-522pp

Returns & leverage

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Return on equity-23.4%-29.4pp
Debt / equity1.9×+1.3×
Current ratio3.6×-0.7×

Where this comes from

Reported directly by IREN Ltd. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: IREN Ltd.’s 10-K, filed August 27, 2026.

Filed
Aug 27, 2026, 4:18 PM EDT
Fiscal year
FY2026
Accession
0001878848-26-000052
(in USD thousands, except share and per share data)NoteYears ended June 30, 2026Years ended June 30, 2025Years ended June 30, 2024
Revenue:
AI Cloud Services Revenue4$128,795$16,394$3,105
Bitcoin Mining Revenue4578,212484,629184,087
Total revenue707,007501,023187,192
Cost of revenue (exclusive of depreciation and amortization shown below):
AI Cloud5(16,932)(1,319)(379)
Bitcoin Mining5(202,774)(157,673)(86,688)
Total cost of revenue(219,706)(158,992)(87,067)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is IREN Ltd.'s total revenue?
IREN Ltd. (IREN) reported total revenue of $137.23M in Q2 2026.
How has IREN Ltd.'s total revenue changed year-over-year?
IREN Ltd.'s total revenue decreased by 26.7% year-over-year, from $187.29M to $137.23M.
What is the long-term trend for IREN Ltd.'s total revenue?
Over 3 years (2023 to 2026), IREN Ltd.'s total revenue has grown at a 110.8% compound annual growth rate (CAGR), from $75.51M to $707.01M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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