IREN's FY 2025 earnings call highlighted significant growth in EBITDA and data center capacity, strong AI cloud business expansion, and a robust financial position. However, the increase in operating expenses and potential risks associated with power costs present challenges. Overall, the highlights significantly outweigh the lowlights, indicating a positive sentiment.

Company Guidance

During the IREN FY 2025 results conference call, Dan Roberts, Co-Founder and Co-CEO, highlighted several key metrics and achievements. The company reported a record 10x growth in EBITDA year-on-year and achieved strong net income, with Belinda Nucifora, CFO, noting a record Q4 revenue of $187 million. Operationally, IREN expanded its contracted grid-connected power by over one-third to nearly 3 gigawatts and tripled its operating data center capacity to 810 megawatts. The company also increased its Bitcoin mining capacity by 400% to 50 exahash, generating over $1 billion in annualized revenue, while their AI cloud business saw significant progress with more than 10,000 GPUs online or being commissioned. Additionally, they commenced construction of a 2-gigawatt data center hub in Sweetwater, Texas. Looking forward, IREN anticipates continued growth, with annualized revenue from operations approaching $1.25 billion, and plans to deploy 60,000 NVIDIA GB300s with further potential for expansion.

Record EBITDA Growth

IREN achieved a 10x EBITDA growth year-on-year, demonstrating strong financial performance for FY 2025.

Significant Expansion in Data Center Capacity

The company tripled its operating data center capacity to 810 megawatts and expanded its Bitcoin mining capacity by 400% to 50 exahash.

AI Cloud Business Growth

The AI cloud business is scaling rapidly with more than 10,000 GPUs online or being commissioned, contributing to the company's strong growth trajectory.

Strong Financial Position

IREN closed the financial year with approximately $565 million in cash and $2.9 billion in total assets, supporting future growth initiatives.

Strategic Partnerships

IREN has been designated as an NVIDIA preferred partner, enhancing its supply access and broadening its customer pipeline.

Iris Energy (IREN) Earnings, Revenues Date & History

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IREN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2026 (Q1)	0.19 / -	-0.27	―	―	―
Aug 28, 2025	2025 (Q4)	0.18 / 0.65	-0.24	370.83% (+0.89)
May 14, 2025	2025 (Q3)	0.12 / 0.11	0.08	37.50% (+0.03)
Feb 12, 2025	2025 (Q2)	<0.01 / 0.09	-0.07	228.57% (+0.16)
Nov 26, 2024	2025 (Q1)	-0.07 / -0.27	-0.08	-237.50% (-0.19)
Aug 28, 2024	2024 (Q4)	0.03 / -0.24	0.063	-480.95% (-0.30)
May 15, 2024	2024 (Q3)	0.04 / 0.08	-0.316	125.32% (+0.40)
Feb 15, 2024	2024 (Q2)	0.03 / -0.07	-2.715	97.42% (+2.65)
Sep 13, 2023	2023 (Q4)	-0.16 / 0.06	0.03	110.00% (+0.03)
May 10, 2023	2023 (Q3)	-0.12 / -0.32	-0.05	-532.00% (-0.27)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IREN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	$23.04	$26.48	+14.93%
May 14, 2025	$7.97	$7.75	-2.76%
Feb 12, 2025	$13.01	$13.08	+0.54%
Nov 26, 2024	$9.56	$12.40	+29.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.