IREN Limited
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $707.0M | $501.0M | $187.2M | $75.5M | $59.0M | $7.9M | $2.2M |
| Cost of Revenue | $219.7M | $159.0M | $87.1M | $39.4M | — | — | — |
| Gross Profit | $487.3M | $342.0M | $100.1M | $36.1M | — | — | — |
| Gross Margin | 68.9% | 68.3% | 53.5% | 47.8% | — | — | — |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $449.1M | $136.5M | $70.4M | $49.0M | — | — | — |
| Operating Income | $-1.05B | $17.3M | $-27.2M | $-157.2M | $307.0K | $-524.0K | $-1.7M |
| Operating Margin | -148.0% | 3.5% | -14.5% | -208.2% | 0.5% | -6.6% | -77.1% |
| Interest Expense | $46.6M | $10.5M | $0 | $15.2M | $5.3M | $311.0K | $102.0K |
| Pretax Income | $-708.7M | $93.5M | $-25.5M | $-169.4M | $-417.0M | $-59.2M | $-2.1M |
| Income Tax Expense | $-6.1M | $6.6M | $3.5M | $2.4M | $2.7M | $1.2M | $0 |
| Net Income | $-702.6M | $86.9M | $-28.9M | $-171.8M | $-419.8M | $-60.4M | $-2.1M |
| Net Margin | -99.4% | 17.4% | -15.4% | -227.6% | -711.0% | -764.6% | -98.5% |
| EPS (Basic) | $-2.22 | $0.41 | $-0.15 | $-1.57 | $-5.13 | $-1.46 | $-0.07 |
| EPS (Diluted) | $-2.22 | $0.39 | $-0.15 | $-1.57 | $-5.13 | $-1.46 | $-0.07 |
| Shares Outstanding (Basic) | 316.1M | 214.6M | 199.3M | 109.6M | — | — | — |
| Shares Outstanding (Diluted) | 316.1M | 223.2M | 199.3M | 109.6M | — | — | — |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — |