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How IREN (IREN) Makes Money: A Visual Guide

IREN (IREN) generated $649.45M in revenue, earning $205.93M in net profit (31.7% margin). Below is an interactive breakdown of how revenue flows through the income statement.

In TTM through Q1 2026, IREN (IREN) generated 96.7% of revenue from AUSTRALIA, followed by CANADA (3.3%).

IREN (IREN) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending .

IREN (IREN) Revenue by Geography — FY 2025 (period end June 30, 2025)

Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2025 (period end June 30, 2025)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.

Revenue contribution by geographic region for IREN (IREN), FY 2025 (period end June 30, 2025).

  • AUSTRALIA

    Revenue
    $484.63M
    % of total
    96.7%
  • CANADA

    Revenue
    $16.39M
    % of total
    3.3%
  • Total

    Revenue
    $501.02M
    % of total
    100%

Frequently asked questions

How much revenue does IREN (IREN) generate?

IREN (IREN) generated $649.45M in total revenue for TTM through Q1 2026 with a net profit margin of 31.7%.

What is IREN (IREN) gross profit margin?

IREN (IREN) reported a gross profit margin of 31.3% for TTM through Q1 2026, equivalent to $203.31M in gross profit. This means IREN retains 31.3% of each revenue unit after direct costs of production.

What is IREN (IREN) operating profit margin?

IREN (IREN) reported an operating profit margin of -29.8% for TTM through Q1 2026, equivalent to −$193.22M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is IREN (IREN) net profit margin?

IREN (IREN) reported a net profit margin of 31.7% for TTM through Q1 2026, equivalent to $205.93M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does IREN (IREN) spend on capital expenditures?

IREN (IREN) spent $1.22B on capital expenditures in TTM through Q1 2026 (188.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is IREN (IREN) free cash flow?

IREN (IREN) generated −$689.54M in free cash flow for TTM through Q1 2026 (-106.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is IREN (IREN) effective tax rate?

IREN (IREN) had an effective tax rate of 23.6% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Where does IREN (IREN) generate most of its revenue?

Geographically, 96.7% of IREN (IREN) revenue came from AUSTRALIA in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

Where do segment and geographic numbers come from?

Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).

When was this data last updated?

Based on company filings through TTM through Q1 2026.