Company research

IREN · IREN

Operates GPU cloud services and data centers while retaining Bitcoin mining exposure.

US exchange

Annual loss —

Business position and research focus

Separate recognized AI cloud revenue and operating GPU capacity from contracted ARR and future builds.

Key risks

GPU funding, customer concentration and mining economics can offset cloud growth.

Business source ↗

Business mapping checked 2026-09-11

Earnings in context

Annual loss · -$702.62M

US GAAP · Net income attributable to the parent · 2025-07-01 — 2026-06-30

Reported net income includes non-operating and one-off items. It does not establish recurring profitability, positive cash flow or an attractive valuation. This is a full fiscal year, not the latest quarter.

Net income source ↗
Period and source details

Published 2026-08-27 · Checked 2026-09-19

us-gaap:NetIncomeLoss; 2025-07-01 to 2026-06-30; USD; 10-K

Reported revenue · $137.2M

Q4 FY2026 · Company total; not AI-only revenue · Checked 2026-09-18

Quarterly revenue · year-over-year comparison
$187.3M
$137.2M

Company-wide revenue; bars start at zero. Two comparable quarters, not a continuous trend. Dates are period ends; select a date for its source.

Revenue source ↗

Total includes $70.5m AI Cloud and $66.7m Bitcoin mining. Growth is calculated from rounded issuer figures. Annualized run-rate revenue is not quarterly recognized revenue.

Revenue and net income may refer to different reporting periods. Read each period before comparing them; these are dated disclosures, not a live earnings feed.

Company information reflects the sources and dates shown. It is not personalized investment advice. Methodology · Suggest a correction

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