Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Iris Energy (IREN)
NASDAQ:IREN
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.19Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -0.08%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with record profit and significant growth initiatives in Bitcoin mining and AI data centers. While there are challenges in securing grid connections and deferred investor payouts, the company's strategic expansions seem promising.Company Guidance
In the second quarter of fiscal year 2025, IREN reported a record net profit after tax (NPAT) of $18.9 million, driven by a significant increase in Bitcoin mining revenue to $113.5 million and operating cash flows of $53.7 million. The company achieved an average operating hashrate of 22.6 exahash, mining 1,347 Bitcoins at an average realized price of $84.3k. IREN also reported adjusted EBITDA of $62.6 million, reflecting a $60 million increase. The company announced Horizon 1, a 75-megawatt liquid-cooled AI data center to be completed by the second half of the year. Additionally, they are developing Sweetwater 2, a 600-megawatt site to create a 2-gigawatt data center hub in West Texas, with a target energization date of around 2028. IREN closed an oversubscribed convertible note at the end of 2024 and established a $1 billion ATM facility to support growth initiatives.Record NPAT and Bitcoin Mining Revenue
The company reported a net profit after tax (NPAT) of $18.9 million and Bitcoin mining revenue of $113.5 million for Q2 FY '25.
Significant Hashrate Expansion
Achieved 31 exahash of energized capacity with plans to ramp up to 50 exahash by mid-year and 52 exahash later in the year.
Launch of Horizon 1 AI Data Center
Announcement of a new 75-megawatt liquid cooled AI data center at Childress, designed for high-density racks, expected to be completed in the second half of this year.
Sweetwater 2 Development
Development of a new 600-megawatt site in West Texas, which could create a 2-gigawatt data center hub by 2028.
Strong Balance Sheet and Funding Options
Closed an oversubscribed convertible note at the end of 2024 and established a $1 billion ATM facility to fund growth initiatives.
---
IREN Earnings History
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 |
|---|---|---|---|
| Feb 12, 2025 | $13.01 | $13.08 | +0.54% |
| Nov 26, 2024 | $9.56 | $12.40 | +29.71% |
| Aug 28, 2024 | $7.42 | $8.52 | +14.82% |
| May 15, 2024 | $5.20 | $5.83 | +12.12% |
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.
---
FAQ
When does Iris Energy (IREN) report earnings?
Iris Energy (IREN) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Iris Energy (IREN) earnings time?
Iris Energy (IREN) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IREN EPS forecast?
IREN EPS forecast for the fiscal quarter 2025 (Q3) is 0.19.
---