The earnings call reflects a positive sentiment with IREN achieving record revenue and profitability alongside significant operational and strategic advancements in both Bitcoin mining and AI infrastructure. Despite increased electricity costs and capital expenditure requirements, the strong growth metrics and successful execution of strategic initiatives underpin a promising outlook.

Company Guidance

During the IREN Q3 FY2025 earnings call, the company provided robust guidance, highlighting several key metrics that underscore its strong operational and financial performance. IREN reported a record quarterly revenue of $148 million, driven by significant growth in both its Bitcoin mining and AI Cloud segments. The company achieved a net profit of $24 million, reflecting a 28% quarter-on-quarter growth, and an impressive EBITDA of nearly $83 million, marking another record. Operationally, IREN maintained an average operating hashrate of 29.4 exahash, representing a nearly 5x increase year-on-year. The company foresees continued earnings momentum into fiscal Q4 as it aims to reach 50 exahash of installed Bitcoin mining capacity by June 30, a milestone marking a 4x increase from June of the previous year. Additionally, the AI Cloud segment experienced a 33% quarter-on-quarter revenue growth, with hardware profit margins exceeding 95%. The company emphasized its disciplined capital allocation and strategic pause on further mining expansion to focus on AI infrastructure, with plans for significant build-outs such as a 50-megawatt liquid-cooled data center and the 2-gigawatt Sweetwater data center hub, all aimed at capturing the burgeoning demand in AI infrastructure.

Record-Breaking Revenue and Growth

IREN posted $148 million in revenue for Q3 FY2025, driven by growth in both Bitcoin mining and AI Cloud segments, reflecting a 24% increase from the previous quarter.

Consecutive Profitability

IREN delivered its second consecutive quarter of profit after-tax with $24 million, reflecting a 28% growth quarter-on-quarter.

Significant Hashrate Growth

The company averaged 29.4 exahash of operating mining capacity in Q3, representing a 5x increase year-on-year and a 30% increase from the previous quarter.

AI Cloud Segment Success

AI Cloud services saw 33% quarter-on-quarter revenue growth, with GPU fleet running at or near full utilization and notable white-labeled compute deals with leading U.S. AI Cloud providers.

Cost Efficiency

IREN's fleet-level efficiency remains best-in-class at 15 joules per terahash, with power costs averaging $0.033 per kilowatt-hour at Childress, some of the lowest globally.

Strategic AI Infrastructure Expansion

Plans to scale AI infrastructure with Horizon 1, a 50-megawatt liquid-cooled data center targeting Q4 2025 delivery, and Sweetwater, a 2-gigawatt data center hub in West Texas.

Iris Energy (IREN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IREN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2025 (Q4)	0.18 / -	-0.24	―	―	―
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)	―	―
Feb 15, 2023	2023 (Q2)	-0.18 / -2.71	1.43	-289.86% (-4.14)

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
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%
Aug 28, 2024	$7.42	$8.52	+14.82%

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 Aug 28, 2025, After Close (Confirmed).

What is Iris Energy (IREN) earnings time?

Iris Energy (IREN) earnings time is at Aug 28, 2025, After Close (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 (Q4) is 0.18.

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