The earnings call reflects a strong operational and financial performance with record-breaking revenue and significant growth in Bitcoin mining and AI Cloud services. Despite increased electricity costs and a high net funding requirement, the company shows disciplined capital allocation and strategic focus on AI infrastructure, suggesting a positive outlook.

Company Guidance -

Q4 2025

In the Q3 FY2025 results conference call, IREN reported significant financial and operational growth metrics, marking their second consecutive quarter of profitability with a net profit of $24 million, reflecting a 28% quarter-on-quarter growth. Revenue reached a record $148 million, driven by both Bitcoin mining and AI Cloud segments, while EBITDA was nearly $83 million, also a record. The company achieved an average operating mining capacity of 29.4 exahash, a nearly fivefold increase year-on-year. IREN anticipates reaching 50 exahash of installed capacity by June 30, representing a fourfold increase from June last year. The AI Cloud segment saw 33% quarter-on-quarter revenue growth, with hardware margins exceeding 95%. Additionally, IREN plans significant AI infrastructure expansions, including the development of a 50-megawatt liquid-cooled data center by Q4 2025 and a 2-gigawatt data center hub in Texas by April 2026.

Record-Breaking Revenue and Growth

Q3 FY2025 revenue reached a record $148 million, driven by growth in Bitcoin mining and AI Cloud segments. Net profit was $24 million, reflecting a 28% growth quarter-on-quarter.

Significant Bitcoin Mining Capacity Expansion

Achieved an average of 29.4 exahash of operating mining capacity, representing nearly a 5x uplift year-on-year. Plan to reach 50 exahash by June 30, marking a 4x increase from June last year.

Strong AI Cloud Performance

AI Cloud services saw 33% quarter-on-quarter revenue growth with 97% hardware profit margins. The GPU fleet is running at or near full utilization.

Efficient Capital Allocation and Strategic Pause

Decision to pause further Bitcoin mining expansion beyond 50 exahash to focus on AI infrastructure, reflecting disciplined capital allocation.

Advancement in AI Data Centers

Development of Horizon 1, a 50 megawatt liquid-cooled data center, targeting Q4 2025 delivery, designed for next-generation AI workloads.

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
Sep 10, 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 Ltd. (IREN) report earnings?

Iris Energy Ltd. (IREN) is schdueled to report earning on Sep 10, 2025, After Close (Confirmed).

What is Iris Energy Ltd. (IREN) earnings time?

Iris Energy Ltd. (IREN) earnings time is at Sep 10, 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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