Income Statement IREN Limited

Equities

IREN

AU0000185993

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 16:00:00 2025-07-17 EDT			After hours 20:00:00
18.05 ^USD	+4.27%		18.10	+0.30%

07-10	B. Riley Adjusts Price Target on Iren to $22 From $15, Maintains Buy Rating	MT
07-07	IREN Limited Reports Revenue Results for the Month of June 2025	CI

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Published financial data: IREN LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	3.26M	10.43M	59.04M	75.51M	187M
Other Revenues, Total	-	-	-	-	1.57M
Total Revenues	3.26M	10.43M	59.04M	75.51M	189M
Cost of Goods Sold, Total	1.38M	2.94M	7.45M	17.9M	22.2M
Gross Profit	1.88M	7.49M	51.59M	57.61M	167M
Selling General & Admin Expenses, Total	2.73M	4.84M	18.09M	43.51M	100M
Stock-Based Compensation (IS)	261K	1.06M	13.9M	14.36M	23.64M
Depreciation & Amortization - (IS)	1.14M	1.68M	7.74M	30.86M	50.65M
Other Operating Expenses	271K	619K	11.4M	17.33M	19.03M
Other Operating Expenses, Total	4.4M	8.2M	51.13M	106M	194M
Operating Income	-2.52M	-707K	462K	-48.45M	-27.16M
Interest Expense, Total	-155K	-21.9M	-34.7M	-16.36M	-253K
Interest And Investment Income	4K	8K	79K	924K	5.83M
Net Interest Expenses	-151K	-21.9M	-34.62M	-15.44M	5.58M
Currency Exchange Gains (Loss)	-518K	3.38M	8.01M	-191K	-4.75M
Other Non Operating Income (Expenses)	-	-59.61M	-391M	20K	-
EBT, Excl. Unusual Items	-3.18M	-78.83M	-417M	-64.06M	-26.33M
Impairment of Goodwill	-	-	-	-603K	-
Gain (Loss) On Sale Of Investments	-	-	-	-	673K
Gain (Loss) On Sale Of Assets	-	-270K	12K	-253K	43K
Asset Writedown	-	-566K	-167K	-91.61M	108K
Insurance Settlements	23K	565K	-	-	-
Other Unusual Items	-	225K	-	-12.96M	-
EBT, Incl. Unusual Items	-3.16M	-78.88M	-417M	-169M	-25.5M
Income Tax Expense	-	1.65M	2.72M	2.39M	3.45M
Earnings From Continuing Operations	-3.16M	-80.53M	-420M	-172M	-28.96M
Net Income to Company	-3.16M	-80.53M	-420M	-172M	-28.96M
Net Income - (IS)	-3.16M	-80.53M	-420M	-172M	-28.96M
Net Income to Common Incl Extra Items	-3.16M	-80.53M	-420M	-172M	-28.96M
Net Income to Common Excl. Extra Items	-3.16M	-80.53M	-420M	-172M	-28.96M
Per Share Items
Net EPS - Basic	-0.2	-3.9	-10.25	-3.14	-0.29
Basic EPS - Continuing Operations	-0.2	-3.9	-10.25	-3.14	-0.29
Basic Weighted Average Shares Outstanding	16.12M	20.63M	40.94M	54.78M	99.64M
Net EPS - Diluted	-0.2	-3.9	-10.25	-3.14	-0.29
Diluted EPS - Continuing Operations	-0.2	-3.9	-10.25	-3.14	-0.29
Diluted Weighted Average Shares Outstanding	16.12M	20.63M	40.94M	54.78M	99.64M
Normalized Basic EPS	-0.12	-2.39	-6.36	-0.73	-0.17
Normalized Diluted EPS	-0.12	-2.39	-6.36	-0.73	-0.17
Supplemental Items
EBITDA	-1.42M	913K	8.14M	-17.81M	23.26M
EBITA	-2.52M	-707K	462K	-48.45M	-27.16M
EBIT	-2.52M	-707K	462K	-48.45M	-27.16M
EBITDAR	-	-	-	-17.04M	-
Effective Tax Rate - (Ratio)	-	-2.1	-0.65	-1.41	-13.54
Total Current Taxes	-	711K	672K	-1.01M	1.71M
Total Deferred Taxes	-	942K	2.05M	3.4M	1.74M
Normalized Net Income	-1.99M	-49.27M	-261M	-40.04M	-16.45M
Interest on Long-Term Debt	-	21.49M	29.36M	1.15M	253K
Supplemental Operating Expense Items
Marketing Expenses	-	-	305K	716K	2.05M
Selling and Marketing Expenses	-	-	305K	716K	2.05M
General and Administrative Expenses	770K	1.3M	6.81M	6.27M	16.74M
Net Rental Expense, Total	-	-	-	773K	-
Imputed Operating Lease Interest Expense	-	-	-	1.84M	-
Imputed Operating Lease Depreciation	-	-	-	-1.07M	-
Stock-Based Comp., Other (Total)	261K	1.06M	13.9M	14.36M	23.64M
Total Stock-Based Compensation	261K	1.06M	13.9M	14.36M	23.64M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.85M	52.02M	110M	68.89M	405M
Trading Asset Securities, Total	-	-	-	-	6.53M
Total Cash And Short Term Investments	2.85M	52.02M	110M	68.89M	411M
Accounts Receivable, Total	-	-	-	-	152K
Other Receivables	482K	1.06M	21.33M	6.54M	29.22M
Notes Receivable	-	-	2.32M	-	-
Total Receivables	482K	1.06M	23.65M	6.54M	29.37M
Prepaid Expenses	84K	657K	7.66M	11.37M	9.79M
Other Current Assets, Total	326K	207K	18.97M	2.42M	2.1M
Total Current Assets	3.74M	53.94M	160M	89.23M	452M
Gross Property Plant And Equipment	12.68M	24.78M	258M	264M	514M
Accumulated Depreciation	-1.05M	-2.1M	-9.08M	-21.74M	-71.56M
Net Property Plant And Equipment	11.63M	22.67M	249M	242M	443M
Goodwill	828K	880K	634K	-	-
Deferred Tax Assets Long-Term	-	1.22M	2.24M	8K	-
Other Long-Term Assets, Total	576K	101M	159M	360K	258M
Total Assets	16.78M	180M	570M	332M	1.15B
Liabilities
Accounts Payable, Total	462K	728K	13.23M	11.54M	27.35M
Accrued Expenses, Total	317K	533K	7.52M	6.06M	19.49M
Short-term Borrowings	2.86M	87.95M	-	-	-
Current Portion of Long-Term Debt	-	8.08M	60.4M	-	-
Current Portion of Leases	-	7K	81K	192K	214K
Current Income Taxes Payable	-	711K	1.2M	32K	1.39M
Unearned Revenue Current, Total	-	-	-	-	2.56M
Other Current Liabilities	376K	129M	2.67M	6.17M	-
Total Current Liabilities	4.01M	227M	85.11M	24M	51M
Long-Term Debt	-	14.47M	46.62M	-	-
Long-Term Leases	-	1.34M	1.18M	1.26M	1.44M
Pension & Other Post Retirement Benefits	-	-	-	91K	119K
Deferred Tax Liability Non Current	-	2.16M	189K	1.36M	3.12M
Total Liabilities	4.01M	245M	133M	26.71M	55.68M
Common Stock, Total	16.06M	16.06M	927M	966M	1.76B
Retained Earnings	-3.31M	-83.85M	-482M	-654M	-683M
Comprehensive Income and Other	19K	1.93M	-6.81M	-6.22M	16.29M
Total Common Equity	12.76M	-65.86M	437M	305M	1.1B
Total Equity	12.76M	-65.86M	437M	305M	1.1B
Total Liabilities And Equity	16.78M	180M	570M	332M	1.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.83M	19.83M	54.98M	67.09M	189M
ECS Total Common Shares Outstanding	19.83M	19.83M	54.98M	66.7M	188M
Book Value / Share	0.64	-3.32	7.95	4.58	5.84
Tangible Book Value	11.93M	-66.74M	437M	305M	1.1B
Tangible Book Value Per Share	0.6	-3.37	7.94	4.58	5.84
Total Debt	2.86M	112M	108M	1.45M	1.66M
Net Debt	10K	59.83M	-1.68M	-67.45M	-409M
Debt Equivalent Oper. Leases	-	-	-	6.18M	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	240K	536K	1.84M	1.8M	3.6M
Buildings, Total	-	4.69M	13.77M	153M	216M
Machinery, Total	12.44M	10.61M	175M	93.24M	190M
Full Time Employees	26	39	102	100	144

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	-3.16M	-80.53M	-420M	-172M	-28.96M
Depreciation & Amortization - CF	1.14M	1.68M	7.74M	30.86M	50.65M
Depreciation & Amortization, Total	1.14M	1.68M	7.74M	30.86M	50.65M
Amortization of Deferred Charges, Total - (CF)	-	2.6M	2.51M	1.04M	-
(Gain) Loss From Sale Of Asset	-	270K	-12K	3.37M	-43K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-673K
Asset Writedown & Restructuring Costs	-	566K	167K	105M	-108K
Stock-Based Compensation (CF)	261K	1.06M	13.9M	14.36M	23.64M
Other Operating Activities, Total	-	74.85M	413M	13.14M	-3.54M
Change In Accounts Receivable	-480K	-577K	-72K	17.64M	-5.59M
Change In Accounts Payable	737K	402K	6.48M	-5.8M	2.87M
Change in Unearned Revenues	-	-	-	-	2.56M
Change In Income Taxes	-	711K	671K	-1.17M	1.36M
Change In Deferred Taxes	-	942K	-2.75M	3.4M	-
Change in Other Net Operating Assets	63K	214K	-109K	-4.09M	10.55M
Cash from Operations	-1.44M	2.19M	21.56M	6.04M	52.72M
Capital Expenditure	-6.21M	-108M	-294M	-116M	-480M
Sale of Property, Plant, and Equipment	-	12K	40K	32.49M	43K
Divestitures	-	-	-	-1.21M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-1.87M	2.29M	-
Other Investing Activities, Total	-491K	-323K	-22.04M	11.03M	-18.6M
Cash from Investing	-6.7M	-108M	-318M	-71.47M	-498M
Long-Term Debt Issued, Total	-	22.24M	65.2M	-	503K
Total Debt Issued	-	22.24M	65.2M	-	503K
Long-Term Debt Repaid, Total	-	-3.1M	-12.13M	-9.75M	-497K
Total Debt Repaid	-	-3.1M	-12.13M	-9.75M	-497K
Issuance of Common Stock	4.41M	-	215M	39.25M	783M
Other Financing Activities, Total	6.49M	136M	104M	-1.26M	-946K
Cash from Financing	10.91M	155M	372M	28.24M	782M
Foreign Exchange Rate Adjustments	-31K	241K	-4.5M	-3.89M	-672K
Net Change in Cash	2.73M	49.17M	70.98M	-41.08M	336M
Supplemental Items
Cash Interest Paid	-	445K	5.25M	4.1M	213K
Levered Free Cash Flow	-6.16M	12.3M	-414M	-81.18M	-417M
Unlevered Free Cash Flow	-6.06M	23.38M	-395M	-72M	-417M
Change In Net Working Capital	-328K	-129M	123M	-29.14M	-6.06M
Net Debt Issued / Repaid	-	19.14M	53.07M	-9.75M	6K

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	-16.18	-0.45	0.08	-6.71	-2.29
Return on Total Capital	-17.31	-1.43	0.1	-7.1	-2.41
Return On Equity %	-41.44	303.35	-216.43	-46.28	-4.13
Return on Common Equity	-41.44	303.35	-216.43	-46.28	-4.13
Margin Analysis
Gross Profit Margin %	57.82	71.8	87.38	76.3	88.24
SG&A Margin	83.77	46.38	30.64	57.63	53.19
EBITDA Margin %	-43.65	8.75	13.79	-23.59	12.32
EBITA Margin %	-77.15	-6.78	0.78	-64.16	-14.39
EBIT Margin %	-77.15	-6.78	0.78	-64.16	-14.39
Income From Continuing Operations Margin %	-96.96	-771.98	-711.03	-227.62	-15.34
Net Income Margin %	-96.96	-771.98	-711.03	-227.62	-15.34
Net Avail. For Common Margin %	-96.96	-771.98	-711.03	-227.62	-15.34
Normalized Net Income Margin	-61.04	-472.31	-441.34	-53.02	-8.72
Levered Free Cash Flow Margin	-188.83	117.86	-701.6	-107.52	-220.76
Unlevered Free Cash Flow Margin	-185.86	224.13	-669.11	-95.35	-220.67
Asset Turnover
Asset Turnover	0.34	0.11	0.17	0.17	0.25
Fixed Assets Turnover	0.48	0.61	0.44	0.31	0.55
Short Term Liquidity
Current Ratio	0.93	0.24	1.88	3.72	8.87
Quick Ratio	0.83	0.23	1.54	3.14	8.64
Operating Cash Flow to Current Liabilities	-0.36	0.01	0.25	0.25	1.03
Average Days Payable Outstanding	64.81	73.82	337.53	252.63	320.54
Long Term Solvency
Total Debt/Equity	22.4	-169.83	24.76	0.47	0.15
Total Debt / Total Capital	18.3	243.2	19.85	0.47	0.15
LT Debt/Equity	-	-24.01	10.93	0.41	0.13
Long-Term Debt / Total Capital	-	34.38	8.76	0.41	0.13
Total Liabilities / Total Assets	23.93	136.68	23.33	8.04	4.83
EBIT / Interest Expense	-16.23	-0.03	0.01	-2.96	-107.34
EBITDA / Interest Expense	-8.89	0.04	0.24	-1.07	92.86
(EBITDA - Capex) / Interest Expense	-48.97	-4.89	-8.24	-8.17	-1.8K
Total Debt / EBITDA	-2.07	115.3	13.2	-0.08	0.07
Net Debt / EBITDA	-0.01	61.68	-0.21	3.83	-17.43
Total Debt / (EBITDA - Capex)	-0.38	-1.04	-0.38	-0.01	-0
Net Debt / (EBITDA - Capex)	-0	-0.56	0.01	0.5	0.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	217K	220	647.49	27.9	149.98
Gross Profit, 1 Yr. Growth %	-	297.35	808.74	11.67	189.1
EBITDA, 1 Yr. Growth %	-	-164.16	1.02K	-318.69	-230.59
EBITA, 1 Yr. Growth %	967.94	-71.89	-196.25	-10.59K	-43.94
EBIT, 1 Yr. Growth %	967.94	-71.89	-196.25	-10.59K	-43.94
Earnings From Cont. Operations, 1 Yr. Growth %	1.28K	2.45K	595.1	-59.06	-83.15
Net Income, 1 Yr. Growth %	1.28K	2.45K	595.1	-59.06	-83.15
Normalized Net Income, 1 Yr. Growth %	1.29K	2.38K	605.4	-84.63	-58.9
Diluted EPS Before Extra, 1 Yr. Growth %	833.93	1.89K	250.24	-69.4	-90.75
Net Property, Plant and Equip., 1 Yr. Growth %	483.89	94.94	1.37K	-2.55	82.67
Total Assets, 1 Yr. Growth %	533.3	970.11	324.23	-41.79	247.22
Tangible Book Value, 1 Yr. Growth %	378.7	-659.22	-971.49	-30.08	259.36
Common Equity, 1 Yr. Growth %	411.91	-616.04	-984.38	-30.18	259.36
Cash From Operations, 1 Yr. Growth %	132.93	-251.63	1.12K	-71.96	772.06
Capital Expenditures, 1 Yr. Growth %	107.93	1.64K	262.75	-60.56	313.49
Levered Free Cash Flow, 1 Yr. Growth %	-	-299.74	-4.62K	-80.4	413.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-485.9	-2.36K	-81.77	478.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	8.24K	421.11	209.2	78.81
Gross Profit, 2 Yr. CAGR %	-	-	541.4	218.56	79.68
EBITDA, 2 Yr. CAGR %	-	-	190.51	394.27	68.99
EBITA, 2 Yr. CAGR %	-	73.27	-47.75	904.64	666.69
EBIT, 2 Yr. CAGR %	-	73.27	-47.75	904.64	666.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-	1.77K	1.3K	68.7	-73.74
Net Income, 2 Yr. CAGR %	-	1.77K	1.3K	68.7	-73.74
Normalized Net Income, 2 Yr. CAGR %	-	1.75K	1.29K	4.25	-74.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-	1.26K	778.34	3.53	-83.16
Net Property, Plant and Equip., 2 Yr. CAGR %	-	237.38	456.37	277.91	33.42
Total Assets, 2 Yr. CAGR %	-	723.22	602.08	57.15	42.17
Tangible Book Value, 2 Yr. CAGR %	-	417.4	627.58	146.85	58.51
Common Equity, 2 Yr. CAGR %	-	413.97	604.26	148.49	58.4
Cash From Operations, 2 Yr. CAGR %	-	87.93	367.34	85.28	56.38
Capital Expenditures, 2 Yr. CAGR %	-	501.5	767.05	19.62	27.71
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	933.96	197.56	0.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	918.16	102.81	2.69
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	3.75K	226.27	188.05
Gross Profit, 3 Yr. CAGR %	-	-	-	258.16	208.42
EBITDA, 3 Yr. CAGR %	-	-	-	164.27	217.16
EBITA, 3 Yr. CAGR %	-	-	41.74	205.93	283.9
EBIT, 3 Yr. CAGR %	-	-	41.74	205.93	283.9
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	1.28K	331.31	-21.73
Net Income, 3 Yr. CAGR %	-	-	1.28K	331.31	-21.73
Normalized Net Income, 3 Yr. CAGR %	-	-	1.28K	209.63	-23.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	791.53	186.88	-53.7
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	465.97	211.3	196.58
Total Assets, 3 Yr. CAGR %	-	-	578.65	206.15	104.68
Tangible Book Value, 3 Yr. CAGR %	-	-	533.52	233.26	179.77
Common Equity, 3 Yr. CAGR %	-	-	533.82	225.95	181.01
Cash From Operations, 3 Yr. CAGR %	-	-	269.64	82.96	210.5
Capital Expenditures, 3 Yr. CAGR %	-	-	422.84	209.52	80.86
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	175.69	256.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	166.34	187.64
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	1.04K
EBITA, 5 Yr. CAGR %	-	-	-	-	180.24
EBIT, 5 Yr. CAGR %	-	-	-	-	180.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	185.32
Net Income, 5 Yr. CAGR %	-	-	-	-	185.32
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	179.94
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	83.38
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	219.56
Total Assets, 5 Yr. CAGR %	-	-	-	-	265.51
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	266.33
Common Equity, 5 Yr. CAGR %	-	-	-	-	266.33
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	163.71
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	199.44