IREN
IREN Ltd
NASDAQ: IREN · FINANCIAL SERVICES · CAPITAL MARKETS
$42.86
-3.56% today
Updated 2026-04-29
Market cap
$14.74B
P/E ratio
30.86
P/S ratio
19.47x
EPS (TTM)
$1.44
Dividend yield
—
52W range
$6 – $77
Volume
34.0M
IREN Ltd (IREN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1053.00 | $2.17M | $7.90M | $59.04M | $75.51M | $187.19M | $501.02M |
| Revenue growth (YoY) | — | +206357.7% | +263.3% | +647.5% | +27.9% | +147.9% | +167.7% |
| Cost of revenue | $1053.00 | $920000.00 | $2.22M | $7.45M | $39.42M | $87.07M | $158.99M |
| Gross profit | — | $1.25M | $5.68M | $51.59M | $36.09M | $100.13M | $342.03M |
| Gross margin | 0.0% | 57.7% | 71.9% | 87.4% | 47.8% | 53.5% | 68.3% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $112679.00 | $521000.00 | $980000.00 | $8.63M | $47.44M | $65.98M | $124.33M |
| Operating income | $-112679.00 | $-1.68M | $-524000.00 | $307000.00 | $-157.24M | $-27.23M | $17.33M |
| Operating margin | -10700.8% | -77.1% | -6.6% | 0.5% | -208.2% | -14.5% | 3.5% |
| EBITDA | $4212.00 | $-965000.00 | $729000.00 | $8.14M | $-9.83M | $31.21M | $201.69M |
| EBITDA margin | 400.0% | -44.4% | 9.2% | 13.8% | -13.0% | 16.7% | 40.3% |
| EBIT | $-161120.00 | $-1.69M | $-480000.00 | $462000.00 | $-40.47M | $-19.20M | $20.57M |
| Interest expense | $0.00 | $103907.00 | $45.63M | $308.53M | $16.36M | $98000.00 | $11.04M |
| Income tax | $6000.00 | $-12000.00 | $1.24M | $2.72M | $2.39M | $3.45M | $6.56M |
| Effective tax rate | -3.9% | 0.6% | -2.1% | -0.7% | -1.4% | -13.6% | 7.0% |
| Net income | $-161120.00 | $-2.14M | $-60.39M | $-419.77M | $-171.83M | $-28.92M | $86.94M |
| Net income growth (YoY) | — | -1229.4% | -2719.3% | -595.1% | +59.1% | +83.2% | +400.6% |
| Profit margin | -15301.0% | -98.5% | -764.6% | -711.0% | -227.6% | -15.4% | 17.4% |