Iris Energy (IREN) Financials

$5.75 +0.12 (+2.13%)

Closing price 04/14/2025 04:00 PM Eastern

Extended Trading

$5.78 +0.03 (+0.43%)

As of 08:08 AM Eastern

Annual Income Statements for Iris Energy

This table shows Iris Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-2.14	-60	-420	-172	-29
Consolidated Net Income / (Loss)	-2.14	-60	-420	-172	-29
Net Income / (Loss) Continuing Operations	-2.14	-60	-420	-172	-29
Total Pre-Tax Income	-2.14	-59	-417	-169	-26
Total Operating Income	-1.69	-1.11	0.30	-154	-29
Total Gross Profit	-0.94	0.57	8.20	-18	22
Total Revenue	1.65	6.92	52	69	179
Operating Revenue	1.65	6.92	52	69	179
Total Cost of Revenue	2.59	6.35	44	87	157
Operating Cost of Revenue	2.59	6.35	44	87	157
Total Operating Expenses	0.76	1.68	7.91	136	51
Depreciation Expense	0.76	1.25	7.74	31	51
Impairment Charge	0.00	0.43	0.17	105	-0.11
Total Other Income / (Expense), net	-0.45	-58	-417	-16	3.11
Interest & Investment Income	-	-	0.08	0.92	5.83
Other Income / (Expense), net	-0.35	3.13	-417	-17	-2.72
Income Tax Expense	0.00	1.24	2.72	2.39	3.45
Basic Earnings per Share	($0.13)	($2.93)	($10.25)	($3.14)	($0.29)
Weighted Average Basic Shares Outstanding	-	-	54.98M	66.70M	187.86M
Diluted Earnings per Share	($0.13)	($2.93)	($10.25)	($3.14)	($0.29)
Weighted Average Diluted Shares Outstanding	-	-	54.98M	66.70M	187.86M
Weighted Average Basic & Diluted Shares Outstanding	-	-	54.98M	66.70M	187.86M

No quarterly income statements for Iris Energy are available.

This table details how cash moves in and out of Iris Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	1.52	38	81	-34	332
Net Cash From Operating Activities	-1.43	1.76	-145	38	473
Net Cash From Continuing Operating Activities	-1.43	0.26	-145	38	473
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	-1.43	0.59	-145	38	473
Net Cash From Investing Activities	-3.91	-81	-84	-65	-142
Net Cash From Continuing Investing Activities	-3.91	-81	-84	-65	-142
Purchase of Property, Plant & Equipment	-3.91	-81	-84	-116	-142
Sale of Property, Plant & Equipment	0.00	0.00	0.04	32	0.04
Other Investing Activities, net	-	-	0.00	18	0.00
Net Cash From Financing Activities	6.85	118	309	-7.14	0.50
Net Cash From Continuing Financing Activities	6.85	118	309	-7.14	0.50
Repayment of Debt	0.00	-4.72	-12	-9.43	0.00
Issuance of Debt	4.16	17	321	2.29	0.50
Cash Interest Paid	0.00	-	5.25	4.10	0.21
Cash Interest Received	0.00	-	0.00	0.80	5.01

No quarterly cash flow statements for Iris Energy are available.

This table presents Iris Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	12	134	570	332	1,153
Total Current Assets	2.57	40	160	89	452
Cash & Equivalents	1.96	39	110	69	405
Short-Term Investments	-	-	-	0.00	6.53
Accounts Receivable	0.33	0.79	24	6.54	29
Prepaid Expenses	0.28	76	27	14	12
Plant, Property, & Equipment, net	8.04	16	248	241	441
Plant, Property & Equipment, gross	8.04	16	248	241	441
Total Noncurrent Assets	0.97	2.97	4.46	1.74	242
Noncurrent Deferred & Refundable Income Taxes	0.00	0.91	2.24	0.01	0.00
Other Noncurrent Operating Assets	0.40	1.40	1.59	1.73	242
Total Liabilities & Shareholders' Equity	12	134	570	332	1,153
Total Liabilities	2.76	184	133	27	56
Total Current Liabilities	2.76	170	22	24	51
Accounts Payable	0.75	1.12	19	17	32
Current Deferred & Payable Income Tax Liabilities	0.00	0.53	1.20	0.03	1.39
Other Taxes Payable	-	-	-	0.96	1.34
Other Current Liabilities	0.00	97	-	6.36	16
Total Noncurrent Liabilities	0.00	13	48	2.71	4.69
Capital Lease Obligations	-	-	-	1.26	1.44
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	1.62	0.19	1.37	3.13
Noncurrent Employee Benefit Liabilities	-	-	2.14	0.09	0.12
Total Equity & Noncontrolling Interests	8.82	-49	437	305	1,097
Total Preferred & Common Equity	8.82	-49	437	305	1,097
Total Common Equity	8.82	-49	437	305	1,097
Common Stock	10	10	927	966	1,764
Retained Earnings	-2.25	-63	-482	-654	-683
Other Equity Adjustments	0.73	2.84	-6.81	-6.22	16

No quarterly balance sheets for Iris Energy are available.

This table displays calculated financial ratios and metrics derived from Iris Energy's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	318.51%	654.99%	32.56%	158.69%
EBITDA Growth	0.00%	354.28%	-12,619.39%	65.91%	113.84%
EBIT Growth	0.00%	198.78%	-20,770.22%	59.15%	81.61%
NOPAT Growth	0.00%	34.16%	126.48%	-52,173.90%	81.37%
Net Income Growth	0.00%	-2,719.33%	-595.10%	59.06%	83.15%
EPS Growth	0.00%	-2,102.71%	-250.14%	69.37%	90.76%
Operating Cash Flow Growth	0.00%	223.23%	-8,325.04%	126.54%	1,130.24%
Free Cash Flow Firm Growth	0.00%	0.00%	-2,345.53%	77.04%	-593.06%
Invested Capital Growth	0.00%	-152.37%	6,158.52%	-15.09%	181.93%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	-56.56%	8.24%	15.71%	-25.41%	12.24%
EBITDA Margin	-77.80%	47.27%	-783.81%	-201.55%	10.78%
Operating Margin	-102.36%	-16.10%	0.56%	-221.87%	-15.98%
EBIT Margin	-123.59%	29.17%	-798.63%	-246.11%	-17.49%
Profit (Net Income) Margin	-129.58%	-872.94%	-803.70%	-248.23%	-16.17%
Tax Burden Percent	100.00%	102.09%	100.65%	101.41%	113.54%
Interest Burden Percent	104.85%	-2,931.17%	99.98%	99.46%	81.39%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-13.42%	-37.12%	0.15%	-41.54%	-4.41%
ROIC Less NNEP Spread (ROIC-NNEP)	-19,165.42%	-303.01%	746.34%	15.64%	-0.81%
Return on Net Nonoperating Assets (RNNOA)	-10.87%	334.34%	-216.58%	-4.74%	0.28%
Return on Equity (ROE)	-24.29%	297.22%	-216.43%	-46.28%	-4.13%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-101.58%	-25.22%	-99.68%
Operating Return on Assets (OROA)	-17.65%	2.76%	-118.35%	-37.76%	-4.22%
Return on Assets (ROA)	-18.51%	-82.70%	-119.10%	-38.09%	-3.90%
Return on Common Equity (ROCE)	-24.29%	297.22%	-216.43%	-46.28%	-4.13%
Return on Equity Simple (ROE_SIMPLE)	-24.29%	122.11%	-95.98%	-56.28%	-2.64%
Net Operating Profit after Tax (NOPAT)	-1.18	-0.78	0.21	-108	-20
NOPAT Margin	-71.65%	-11.27%	0.40%	-155.31%	-11.18%
Net Nonoperating Expense Percent (NNEP)	19,152.00%	265.89%	-746.19%	-57.18%	-3.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	0.05%	-35.07%	-1.82%
Cost of Revenue to Revenue	156.56%	91.76%	84.29%	125.41%	87.76%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.80%	24.34%	15.14%	196.46%	28.22%
Earnings before Interest and Taxes (EBIT)	-2.04	2.02	-417	-170	-31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.29	3.27	-409	-140	19
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	26.26	0.00	0.06	0.84	0.69
Price to Tangible Book Value (P/TBV)	28.07	0.00	0.06	0.84	0.69
Price to Revenue (P/Rev)	140.07	33.47	0.53	3.70	4.20
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	26.24	0.00	0.00	0.79	0.51
Enterprise Value to Revenue (EV/Rev)	140.07	39.95	0.00	2.72	1.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	84.52	0.00	0.00	17.78
Enterprise Value to EBIT (EV/EBIT)	0.00	136.95	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	156.94	0.00	4.91	0.73
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.82	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.22	-1.70	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	-0.24	0.00	0.00	0.00
Financial Leverage	0.00	-1.10	-0.29	-0.30	-0.35
Leverage Ratio	1.31	-3.59	1.82	1.22	1.06
Compound Leverage Factor	1.38	105.34	1.82	1.21	0.86
Debt to Total Capital	18.19%	243.89%	0.00%	0.41%	0.13%
Short-Term Debt to Total Capital	18.19%	209.44%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	34.45%	0.00%	0.41%	0.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.81%	-143.89%	100.00%	99.59%	99.87%
Debt to EBITDA	-1.52	25.63	0.00	-0.01	0.07
Net Debt to EBITDA	0.00	13.71	0.00	0.48	-21.21
Long-Term Debt to EBITDA	0.00	3.62	0.00	-0.01	0.07
Debt to NOPAT	-1.66	-107.49	0.00	-0.01	-0.07
Net Debt to NOPAT	0.00	-57.49	0.00	0.63	20.45
Long-Term Debt to NOPAT	0.00	-15.18	0.00	-0.01	-0.07
Altman Z-Score	49.70	-0.96	-3.09	1.75	7.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.93	0.24	7.13	3.72	8.87
Quick Ratio	0.83	0.23	5.94	3.14	8.64
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	13	-284	-65	-453
Operating Cash Flow to CapEx	-36.51%	2.17%	-173.23%	45.99%	333.46%
Free Cash Flow to Firm to Interest Expense	0.00	0.21	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-14.43	0.03	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-53.97	-1.30	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.14	0.09	0.15	0.15	0.24
Accounts Receivable Turnover	4.99	12.31	4.27	4.59	9.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.21	0.58	0.40	0.28	0.52
Accounts Payable Turnover	3.45	6.79	4.42	4.90	6.45
Days Sales Outstanding (DSO)	73.09	29.65	85.42	79.59	36.59
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	105.92	53.73	82.62	74.53	56.62
Cash Conversion Cycle (CCC)	-32.83	-24.08	2.80	5.07	-20.03
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	8.82	-4.62	280	238	670
Invested Capital Turnover	0.19	3.29	0.38	0.27	0.39
Increase / (Decrease) in Invested Capital	0.00	-13	285	-42	432
Enterprise Value (EV)	232	276	-82	189	343
Market Capitalization	232	232	28	256	753
Book Value per Share	$1.07	($5.98)	$7.95	$5.55	$16.45
Tangible Book Value per Share	$1.00	($6.06)	$7.94	$5.55	$16.45
Total Capital	11	34	437	307	1,099
Total Debt	1.96	84	0.00	1.26	1.44
Total Long-Term Debt	0.00	12	0.00	1.26	1.44
Net Debt	0.01	45	-110	-68	-410
Capital Expenditures (CapEx)	3.91	81	84	84	142
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.18	-97	28	-3.67	-9.74
Debt-free Net Working Capital (DFNWC)	1.78	-58	138	65	401
Net Working Capital (NWC)	-0.19	-130	138	65	401
Net Nonoperating Expense (NNE)	0.96	60	420	64	8.92
Net Nonoperating Obligations (NNO)	0.01	45	-157	-68	-427
Total Depreciation and Amortization (D&A)	0.76	1.25	7.74	31	51
Debt-free, Cash-free Net Working Capital to Revenue	-10.89%	-1,402.73%	53.22%	-5.29%	-5.44%
Debt-free Net Working Capital to Revenue	107.44%	-839.13%	263.77%	94.21%	224.10%
Net Working Capital to Revenue	-11.19%	-1,879.65%	263.77%	94.21%	224.10%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($10.25)	($3.14)	($0.29)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	54.98M	66.70M	187.86M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($10.25)	($3.14)	($0.29)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	54.98M	66.70M	187.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	54.98M	66.70M	187.86M
Normalized Net Operating Profit after Tax (NOPAT)	-1.18	-0.48	0.32	-34	-20
Normalized NOPAT Margin	-71.65%	-6.90%	0.62%	-48.98%	-11.23%
Pre Tax Income Margin	-129.58%	-855.03%	-798.48%	-244.78%	-14.24%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-20.64	0.03	0.00	0.00	0.00
NOPAT to Interest Expense	-11.96	-0.01	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-60.17	-1.29	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-51.50	-1.34	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Iris Energy are available.

Frequently Asked Questions About Iris Energy's Financials

When does Iris Energy's financial year end?

According to the most recent income statement we have on file, Iris Energy's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Iris Energy's net income changed over the last 4 years?

Iris Energy's net income appears to be on an upward trend, with a most recent value of -$28.96 million in 2024, rising from -$2.14 million in 2020. The previous period was -$171.87 million in 2023.

What is Iris Energy's operating income?

Iris Energy's total operating income in 2024 was -$28.62 million, based on the following breakdown:

Total Gross Profit: $21.93 million
Total Operating Expenses: $50.54 million

How has Iris Energy revenue changed over the last 4 years?

Over the last 4 years, Iris Energy's total revenue changed from $1.65 million in 2020 to $179.11 million in 2024, a change of 10,735.6%.

How much debt does Iris Energy have?

Iris Energy's total liabilities were at $55.68 million at the end of 2024, a 108.4% increase from 2023, and a 1,921.1% increase since 2020.

How much cash does Iris Energy have?

In the past 4 years, Iris Energy's cash and equivalents has ranged from $1.96 million in 2020 to $404.60 million in 2024, and is currently $404.60 million as of their latest financial filing in 2024.

How has Iris Energy's book value per share changed over the last 4 years?

Over the last 4 years, Iris Energy's book value per share changed from 1.07 in 2020 to 16.45 in 2024, a change of 1,442.7%.

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This page (NASDAQ:IREN) was last updated on 4/15/2025 by MarketBeat.com Staff

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Iris Energy (IREN) Financials

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Iris Energy (IREN) Financials

Annual Income Statements for Iris Energy

Quarterly Income Statements for Iris Energy

Annual Cash Flow Statements for Iris Energy

Quarterly Cash Flow Statements for Iris Energy

Annual Balance Sheets for Iris Energy

Quarterly Balance Sheets for Iris Energy

Annual Metrics and Ratios for Iris Energy

Quarterly Metrics and Ratios for Iris Energy

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