Company research
IREN Ltd
CIK 1878848Updated Sep 27, 2026
SecurityIREN · NASDAQ · equity
Name history
Iris Energy Ltd · through Nov 29, 2024Iris Energy Pty Ltd · through Oct 6, 2021
IREN price & chart
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NASDAQ:IREN on TradingView ↗About the company
IREN is a vertically integrated AI Cloud platform, delivering data centers, compute and software for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of land and grid-connected power in renewable-rich regions across North America, Europe and APAC.
In the news
The AI Revolution Is Winning the Software Race but Losing the Infrastructure Battle ↗
Recent filings
10-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
D filing
Regulation FD Disclosure
Items 7.01, 9.01
424B7 filing
Show 5 more recent filings
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
DEFA14A filing
4 filing
4 filing
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 15,790,039,000Source | 2,940,323,000Source | 1,153,033,000Source | 332,074,000Source |
| Property, Plant and Equipment, NetUSD | — | 1,930,567,000Source | — | — |
| GoodwillUSD | 36,577,000Source | — | 0Source | 0Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 317,432,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 5,895,591,000Source | 564,526,000Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 21,062,000Source | 1,564,000Source | — | — |
| Assets, CurrentUSD | 7,886,176,000Source | 641,173,000Source | — | — |
| Prepaid Expense and Other Assets, CurrentUSD | 189,140,000Source | 45,908,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 2,720,000Source | 1,463,000Source | — | — |
| Other Assets, NoncurrentUSD | 58,670,000Source | 486,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,604,426,000Source | 1,122,835,000Source | 55,682,000Source | 26,713,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | -1,647,061,000Source | 88,672,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -1,298,789,000Source | -596,167,000Source | — | — |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -41,424,000Source | -30,073,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 4,185,613,000Source | 1,817,488,000Source | — | — |
| Liabilities and EquityUSD | 15,790,039,000Source | 2,940,323,000Source | — | — |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,221,100,000Source | 149,347,000Source | — | — |
| Operating Lease, Liability, CurrentUSD | 555,000Source | 404,000Source | — | — |
| Accounts Payable, CurrentUSD | 1,297,478,000Source | 81,747,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 2,231,000Source | 1,063,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 30,832,000Source | 7,971,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 7,894,000Source | 234,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 527,113,000Source | 42,368,000Source | — | — |
| CurrentFinancialAssetsAtFairValueThroughProfitOrLossUSD | — | — | 6,530,000Source | — |
| CurrentTaxLiabilitiesCurrentUSD | — | — | 1,389,000Source | 32,000Source |
| Deferred Revenue, CurrentUSD | 46,491,000Source | — | — | — |
| Deferred Revenue, NoncurrentUSD | 1,796,055,000Source | — | — | — |
| DeferredTaxAssetsUSD | — | — | 0Source | 8,000Source |
| DeferredTaxLiabilitiesUSD | — | — | 3,125,000Source | 1,365,000Source |
| IssuedCapitalUSD | — | — | 1,764,289,000Source | 965,857,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 169,370,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 7,423,574,000Source | — | — | — |
| Short-term InvestmentsUSD | — | 0Source | — | — |
| TradeAndOtherCurrentPayablesUSD | — | — | 32,119,000Source | 16,644,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit or LossUSD | — | — | -28,955,000Source | -171,871,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 417,729,000Source | 181,136,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 205,023,000Source | 42,642,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | -11,735,000Source | 4,895,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 2,100,418,000Source | 245,886,000Source | — | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -4,722,984,000Source | -1,380,487,000Source | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,998,006,000Source | 573,456,000Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,680,050,000Source | 1,294,735,000Source | — | — |
| Repayments of Long-term DebtUSD | 9,213,000Source | 0Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,619,527,000Source | 564,526,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 42,639,000Source | 7,634,000Source | — | — |
| Income Taxes Paid, NetUSD | 2,696,000Source | 0Source | — | — |
| Additional Financial Items | ||||
| AdjustmentsForSharebasedPaymentsUSD | — | — | 23,636,000Source | 14,356,000Source |
| AdjustmentsForUnrealisedForeignExchangeLossesGainsUSD | — | — | -3,040,000Source | 5,055,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 205,023,000Source | 42,642,000Source | — | — |
| Amortization of Debt Issuance CostsUSD | 9,408,000Source | 1,400,000Source | — | — |
| Amortization of Intangible AssetsUSD | 500,000Source | — | — | — |
| DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersUSD | — | — | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -10,273,000Source | -1,339,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -9,919,000Source | -3,821,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | 453,783,000Source | 41,185,000Source | — | — |
| Gain (Loss) on Sale of DerivativesUSD | 0Source | 9,093,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -24,908,000Source | 4,002,000Source | — | — |
| GoodwillUSD | 36,577,000Source | — | 0Source | 0Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| Income Tax Expense (Benefit)USD | -6,062,000Source | 6,560,000Source | — | — |
| Induced Conversion of Convertible Debt ExpenseUSD | 111,799,000Source | — | — | — |
| InterestExpenseNonoperatingUSD | 59,251,000Source | 11,045,000Source | — | — |
| InterestPaidClassifiedAsOperatingActivitiesUSD | — | — | 213,000Source | 4,102,000Source |
| InterestReceivedClassifiedAsOperatingActivitiesUSD | — | — | 5,008,000Source | 803,000Source |
| Investment Income, InterestUSD | 80,631,000Source | 7,504,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -702,621,000Source | 86,941,000Source | — | — |
| Nonoperating Income (Expense)USD | 338,029,000Source | 76,173,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 72,000Source | 817,000Source | — | — |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | — | — | 497,000Source | 318,000Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 0Source | 0Source |
| ProceedsFromIssuingSharesUSD | — | — | 783,069,000Source | — |
| ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesUSD | — | — | 43,000Source | 32,488,000Source |
| Proceeds from Stock Options ExercisedUSD | 6,597,000Source | — | — | — |
| Realized Investment Gains (Losses)USD | -9,269,000Source | -4,215,000Source | — | — |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 0Source | 9,432,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | 27,252,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 558,541,000Source | 77,518,000Source | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 707,007,000Source | 501,023,000Source | — | 75,509,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 449,115,000Source | 136,458,000Source | — | — |
| Operating Income (Loss)USD | -1,046,714,000Source | 17,327,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 72,000Source | 817,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -708,683,000Source | 93,501,000Source | — | — |
| Income Tax Expense (Benefit)USD | -6,062,000Source | 6,560,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -702,621,000Source | 86,941,000Source | — | — |
| Earnings Per Share, BasicUSD per share | -2.22Source | 0.41Source | — | — |
| Earnings Per Share, DilutedUSD per share | -2.22Source | 0.39Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 316,123,145Source | 214,586,767Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 316,123,145Source | 223,245,651Source | — | — |
| Interest Expense (non-operating)USD | 59,251,000Source | 11,045,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 500,000Source | — | — | — |
| ApplicableTaxRatenumber | — | — | 0.3Source | 0.3Source |
| BasicEarningsLossPerShareUSD per share | — | — | -0.29Source | -3.14Source |
| Business Combination, Acquisition Related CostsUSD | 4,250,000Source | — | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0Source | 0Source | — | — |
| Current Income Tax Expense (Benefit)USD | 5,673,000Source | 1,665,000Source | — | — |
| CurrentTaxExpenseIncomeUSD | — | — | 1,709,000Source | -1,013,000Source |
| DeferredTaxExpenseIncomeUSD | — | — | 1,744,000Source | 3,403,000Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | — | — | 9,198,000Source | 6,272,000Source |
| DepreciationRightofuseAssetsUSD | — | — | 235,000Source | 220,000Source |
| DilutedEarningsLossPerShareUSD per share | — | — | -0.29Source | -3.14Source |
| DonationsAndSubsidiesExpenseUSD | — | — | 640,000Source | 164,000Source |
| EmployeeBenefitsExpenseUSD | — | — | 22,203,000Source | 17,897,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -10,273,000Source | -1,339,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | 453,783,000Source | 41,185,000Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| ImpairmentLossRecognisedInProfitOrLossGoodwillUSD | — | — | 0Source | 603,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 210,156,000Source | 70,955,000Source | — | — |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | 3,453,000Source | 2,390,000Source |
| InterestExpenseUSD | — | — | 0Source | 15,213,000Source |
| Interest Expense, DebtUSD | 46,574,000Source | — | — | — |
| InterestExpenseOnLeaseLiabilitiesUSD | — | — | 253,000Source | 112,000Source |
| Investment Income, InterestUSD | 80,631,000Source | 7,504,000Source | — | — |
| Lease IncomeUSD | 0Source | — | — | — |
| Nonoperating Income (Expense)USD | 338,029,000Source | 76,173,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 15,157,000Source | 13,302,000Source | — | — |
| Other Cost of Operating RevenueUSD | 8,286,000Source | 2,595,000Source | — | — |
| OtherIncomeUSD | — | — | 1,566,000Source | 3,137,000Source |
| Other Operating IncomeUSD | 11,699,000Source | 9,413,000Source | — | — |
| ProfessionalFeesExpenseUSD | — | — | 8,079,000Source | 6,271,000Source |
| ProfitLossBeforeTaxUSD | — | — | -25,502,000Source | -169,481,000Source |
| ProfitLossFromOperatingActivitiesUSD | — | — | -26,333,000Source | -153,851,000Source |
| Realized Investment Gains (Losses)USD | -9,269,000Source | -4,215,000Source | — | — |
| RevenueUSD | — | — | — | 75,509,000Source |
Filing attachments
ef20080141_ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 ef20080141_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72 NEW YORK, August 13, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced that Horizon 1 has been delivered to and accepted by Microsoft, and that IREN has achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72. Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments sche…
Read attachment ↗ny20079234x2_ex99-1.htm · 8-K · 2026-08-04
EX-99.1 3 ny20079234x2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Completes Acquisition of Mirantis Strengthening the Software Layer of its Vertically Integrated AI Cloud Platform NEW YORK, August 4, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has completed the acquisition of Mirantis, Inc. (“Mirantis”), a leading provider of cloud software and services, through the issuance of approximately 12.6m ordinary shares, fixed at signing, plus cash, restricted…
Read attachment ↗ef20078253_ex99-1.htm · 8-K · 2026-07-20
EX-99.1 2 ef20078253_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Signs $2.8bn in New Customer Contracts with Leading AI Developers, Raises 2026 ARR Target to over $4bn NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced that it has raised its year-end AI Cloud annualized run-rate revenue (“ARR”)1 target from $3.7bn to more than $4bn2, of which approximately 85% is now under contract following new multi-year cloud services contracts with leading A…
Read attachment ↗ef20073507_ex4-1.htm · 8-K · 2026-05-14
EX-4.1 2 ef20073507_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Portions of this exhibit have been redacted in compliance with Item 601(a)(6) of Regulation S-K because disclosure would constitute a clearly unwarranted invasion of personal privacy. Redacted information is indicated by [***]. Execution Version IREN LIMITED and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee INDENTURE Dated as of May 14, 2026 1.00% Convertible Senior Notes due 2033 TABLE OF CONTENTS Page Article 1.…
Read attachment ↗ef20073507_ex99-1.htm · 8-K · 2026-05-14
EX-99.1 4 ef20073507_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Closes $3.0 Billion Convertible Notes Offering NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the…
Read attachment ↗ef20073131_ex99-1.htm · 8-K · 2026-05-12
EX-99.1 2 ef20073131_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 IREN Prices Upsized $2.6 Billion Convertible Notes Offering NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) (“IREN”) today announced the pricing of its offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amen…
Read attachment ↗