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Where the tokens are
Trade IREN perpsStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q4 FY262026-06-30 | Q3 FY262026-03-31 | Q2 FY262025-12-31 | Q1 FY262025-09-30 | Q4 FY252025-06-30 | Q3 FY252025-03-31 | Q2 FY252024-12-31 | Q1 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $137.23M | $144.80M | $184.69M | $240.30M | $187.29M | $144.82M | $116.14M | $52.76M |
| Cost of revenue | $33.34M | $39.93M | $65.76M | $80.67M | $52.89M | $41.95M | $32.29M | $31.86M |
| Gross profit | $103.89M | $104.86M | $118.93M | $159.62M | $134.40M | $102.87M | $83.85M | $20.91M |
| Gross margin | 75.7% | 72.4% | 64.4% | 66.4% | 71.8% | 71.0% | 72.2% | 39.6% |
| Selling, general and administrative | $128.25M | $81.75M | $100.76M | $138.36M | $53.30M | $29.10M | $28.89M | $25.17M |
| Operating expenses | $688.67M | $343.45M | $235.34M | $236.01M | $111.02M | $78.27M | $65.86M | $71.41M |
| Operating income | −$584.78M | −$238.58M | −$116.41M | −$76.39M | $23.38M | $24.60M | $17.99M | −$50.50M |
| Operating margin | -426.1% | -164.8% | -63.0% | -31.8% | 12.5% | 17.0% | 15.5% | -95.7% |
| EBITDA | −$22.31M | $23.07M | $14.52M | $25.09M | $87.48M | $71.91M | $54.07M | −$7.05M |
| Interest income | $35.93M | $21.80M | $15.78M | $7.13M | $1.70M | $1.93M | $1.59M | $2.29M |
| Interest expense | −$24.47M | −$14.84M | −$10.67M | −$9.28M | −$5.18M | −$4.12M | −$1.72M | −$22.00K |
| Income before taxes | −$691.97M | −$254.09M | −$337.93M | $575.30M | $173.91M | −$11.11M | −$18.88M | −$50.42M |
| Income taxes | −$7.97M | −$6.26M | −$182.52M | $190.69M | −$2.77M | $5.04M | $3.01M | $1.28M |
| Net income | −$684.00M | −$247.83M | −$155.41M | $384.61M | $176.68M | −$16.14M | −$21.89M | −$51.70M |
| Net margin | -498.5% | -171.2% | -84.1% | 160.1% | 94.3% | -11.1% | -18.8% | -98.0% |
| EPS, basic | −$1.89 | −$0.74 | −$0.52 | $1.42 | $0.74 | −$0.07 | −$0.10 | −$0.27 |
| EPS, diluted | −$2.52 | −$0.74 | −$0.52 | $1.08 | $0.64 | −$0.07 | −$0.10 | −$0.27 |
| Diluted shares | 271.05M | 333.73M | 298.03M | 361.68M | 274.59M | 218.66M | 210.47M | 189.26M |
Figures describe IREN shares, not any token. As of Aug 27, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.