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Iris Energy (IREN) Financials

Iris Energy logo
$9.12 -0.16 (-1.72%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$9.01 -0.11 (-1.26%)
As of 05/23/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Iris Energy

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 2024 2023 2022 2021 2020
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020
Net Income / (Loss) Attributable to Common Shareholders		 -29 -172 -420 -60 -2.14
Consolidated Net Income / (Loss)		 -29 -172 -420 -60 -2.14
Net Income / (Loss) Continuing Operations		 -29 -172 -420 -60 -2.14
Total Pre-Tax Income 		-26 -169 -417 -59 -2.14
Total Operating Income		 -29 -154 0.30 -1.11 -1.69
Total Gross Profit		 22 -18 8.20 0.57 -0.94
Total Revenue		 179 69 52 6.92 1.65
Operating Revenue		 179 69 52 6.92 1.65
Total Cost of Revenue		 157 87 44 6.35 2.59
Operating Cost of Revenue		 157 87 44 6.35 2.59
Total Operating Expenses		 51 136 7.91 1.68 0.76
Depreciation Expense		 51 31 7.74 1.25 0.76
Impairment Charge		 -0.11 105 0.17 0.43 0.00
Total Other Income / (Expense), net		 3.11 -16 -417 -58 -0.45
Interest & Investment Income		 5.83 0.92 0.08 - -
Other Income / (Expense), net		 -2.72 -17 -417 3.13 -0.35
Income Tax Expense		 3.45 2.39 2.72 1.24 0.00
Basic Earnings per Share		 ($0.29) ($3.14) ($10.25) ($2.93) ($0.13)
Weighted Average Basic Shares Outstanding		 187.86M 66.70M 54.98M - -
Diluted Earnings per Share		 ($0.29) ($3.14) ($10.25) ($2.93) ($0.13)
Weighted Average Diluted Shares Outstanding		 187.86M 66.70M 54.98M - -
Weighted Average Basic & Diluted Shares Outstanding		 187.86M 66.70M 54.98M - -

Quarterly Income Statements for Iris Energy

No quarterly income statements for Iris Energy are available.

Annual Cash Flow Statements for Iris Energy

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 2024 2023 2022 2021 2020
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020
Net Change in Cash & Equivalents		 332 -34 81 38 1.52
Net Cash From Operating Activities		 473 38 -145 1.76 -1.43
Net Cash From Continuing Operating Activities		 473 38 -145 0.26 -1.43
Net Income / (Loss) Continuing Operations		 0.00 0.00 0.00 0.00 0.00
Non-Cash Adjustments To Reconcile Net Income		 473 38 -145 0.59 -1.43
Net Cash From Investing Activities		 -142 -65 -84 -81 -3.91
Net Cash From Continuing Investing Activities		 -142 -65 -84 -81 -3.91
Purchase of Property, Plant & Equipment		 -142 -116 -84 -81 -3.91
Sale of Property, Plant & Equipment		 0.04 32 0.04 0.00 0.00
Other Investing Activities, net		 0.00 18 0.00 - -
Net Cash From Financing Activities		 0.50 -7.14 309 118 6.85
Net Cash From Continuing Financing Activities		 0.50 -7.14 309 118 6.85
Repayment of Debt		 0.00 -9.43 -12 -4.72 0.00
Issuance of Debt		 0.50 2.29 321 17 4.16
Cash Interest Paid		 0.21 4.10 5.25 - 0.00
Cash Interest Received		 5.01 0.80 0.00 - 0.00

Quarterly Cash Flow Statements for Iris Energy

No quarterly cash flow statements for Iris Energy are available.

Annual Balance Sheets for Iris Energy

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 2024 2023 2022 2021 2020
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020
Total Assets		 1,153 332 570 134 12
Total Current Assets		 452 89 160 40 2.57
Cash & Equivalents		 405 69 110 39 1.96
Short-Term Investments		 6.53 0.00 - - -
Accounts Receivable		 29 6.54 24 0.79 0.33
Prepaid Expenses		 12 14 27 76 0.28
Plant, Property, & Equipment, net		 441 241 248 16 8.04
Plant, Property & Equipment, gross		 441 241 248 16 8.04
Total Noncurrent Assets		 242 1.74 4.46 2.97 0.97
Noncurrent Deferred & Refundable Income Taxes		 0.00 0.01 2.24 0.91 0.00
Other Noncurrent Operating Assets		 242 1.73 1.59 1.40 0.40
Total Liabilities & Shareholders' Equity		 1,153 332 570 134 12
Total Liabilities		 56 27 133 184 2.76
Total Current Liabilities		 51 24 22 170 2.76
Accounts Payable		 32 17 19 1.12 0.75
Current Deferred & Payable Income Tax Liabilities		 1.39 0.03 1.20 0.53 0.00
Other Taxes Payable		 1.34 0.96 - - -
Other Current Liabilities		 16 6.36 - 97 0.00
Total Noncurrent Liabilities		 4.69 2.71 48 13 0.00
Capital Lease Obligations		 1.44 1.26 - - -
Noncurrent Deferred & Payable Income Tax Liabilities		 3.13 1.37 0.19 1.62 0.00
Noncurrent Employee Benefit Liabilities		 0.12 0.09 2.14 - -
Total Equity & Noncontrolling Interests		 1,097 305 437 -49 8.82
Total Preferred & Common Equity		 1,097 305 437 -49 8.82
Total Common Equity		 1,097 305 437 -49 8.82
Common Stock		 1,764 966 927 10 10
Retained Earnings		 -683 -654 -482 -63 -2.25
Other Equity Adjustments		 16 -6.22 -6.81 2.84 0.73

Quarterly Balance Sheets for Iris Energy

No quarterly balance sheets for Iris Energy are available.

Annual Metrics And Ratios for Iris Energy

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

Metric 2024 2023 2022 2021 2020
Period end date 6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020
Growth Metrics		 - - - - -
Revenue Growth		 158.69% 32.56% 654.99% 318.51% 0.00%
EBITDA Growth		 113.84% 65.91% -12,619.39% 354.28% 0.00%
EBIT Growth		 81.61% 59.15% -20,770.22% 198.78% 0.00%
NOPAT Growth		 81.37% -52,173.90% 126.48% 34.16% 0.00%
Net Income Growth		 83.15% 59.06% -595.10% -2,719.33% 0.00%
EPS Growth		 90.76% 69.37% -250.14% -2,102.71% 0.00%
Operating Cash Flow Growth		 1,130.24% 126.54% -8,325.04% 223.23% 0.00%
Free Cash Flow Firm Growth		 -593.06% 77.04% -2,345.53% 0.00% 0.00%
Invested Capital Growth		 181.93% -15.09% 6,158.52% -152.37% 0.00%
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		 12.24% -25.41% 15.71% 8.24% -56.56%
EBITDA Margin		 10.78% -201.55% -783.81% 47.27% -77.80%
Operating Margin		 -15.98% -221.87% 0.56% -16.10% -102.36%
EBIT Margin		 -17.49% -246.11% -798.63% 29.17% -123.59%
Profit (Net Income) Margin		 -16.17% -248.23% -803.70% -872.94% -129.58%
Tax Burden Percent		 113.54% 101.41% 100.65% 102.09% 100.00%
Interest Burden Percent		 81.39% 99.46% 99.98% -2,931.17% 104.85%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -4.41% -41.54% 0.15% -37.12% -13.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.81% 15.64% 746.34% -303.01% -19,165.42%
Return on Net Nonoperating Assets (RNNOA)		 0.28% -4.74% -216.58% 334.34% -10.87%
Return on Equity (ROE)		 -4.13% -46.28% -216.43% 297.22% -24.29%
Cash Return on Invested Capital (CROIC)		 -99.68% -25.22% -101.58% 0.00% 0.00%
Operating Return on Assets (OROA)		 -4.22% -37.76% -118.35% 2.76% -17.65%
Return on Assets (ROA)		 -3.90% -38.09% -119.10% -82.70% -18.51%
Return on Common Equity (ROCE)		 -4.13% -46.28% -216.43% 297.22% -24.29%
Return on Equity Simple (ROE_SIMPLE)		 -2.64% -56.28% -95.98% 122.11% -24.29%
Net Operating Profit after Tax (NOPAT)		 -20 -108 0.21 -0.78 -1.18
NOPAT Margin		 -11.18% -155.31% 0.40% -11.27% -71.65%
Net Nonoperating Expense Percent (NNEP)		 -3.61% -57.18% -746.19% 265.89% 19,152.00%
Return On Investment Capital (ROIC_SIMPLE)		 -1.82% -35.07% 0.05% - -
Cost of Revenue to Revenue		 87.76% 125.41% 84.29% 91.76% 156.56%
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		 28.22% 196.46% 15.14% 24.34% 45.80%
Earnings before Interest and Taxes (EBIT)		 -31 -170 -417 2.02 -2.04
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 -140 -409 3.27 -1.29
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.69 0.84 0.06 0.00 26.26
Price to Tangible Book Value (P/TBV)		 0.69 0.84 0.06 0.00 28.07
Price to Revenue (P/Rev)		 4.20 3.70 0.53 33.47 140.07
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)		 0.51 0.79 0.00 0.00 26.24
Enterprise Value to Revenue (EV/Rev)		 1.92 2.72 0.00 39.95 140.07
Enterprise Value to EBITDA (EV/EBITDA)		 17.78 0.00 0.00 84.52 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 136.95 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)		 0.73 4.91 0.00 156.94 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 21.82 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.00 0.00 -1.70 0.22
Long-Term Debt to Equity		 0.00 0.00 0.00 -0.24 0.00
Financial Leverage		 -0.35 -0.30 -0.29 -1.10 0.00
Leverage Ratio		 1.06 1.22 1.82 -3.59 1.31
Compound Leverage Factor		 0.86 1.21 1.82 105.34 1.38
Debt to Total Capital		 0.13% 0.41% 0.00% 243.89% 18.19%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 209.44% 18.19%
Long-Term Debt to Total Capital		 0.13% 0.41% 0.00% 34.45% 0.00%
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		 99.87% 99.59% 100.00% -143.89% 81.81%
Debt to EBITDA		 0.07 -0.01 0.00 25.63 -1.52
Net Debt to EBITDA		 -21.21 0.48 0.00 13.71 0.00
Long-Term Debt to EBITDA		 0.07 -0.01 0.00 3.62 0.00
Debt to NOPAT		 -0.07 -0.01 0.00 -107.49 -1.66
Net Debt to NOPAT		 20.45 0.63 0.00 -57.49 0.00
Long-Term Debt to NOPAT		 -0.07 -0.01 0.00 -15.18 0.00
Altman Z-Score		 7.77 1.75 -3.09 -0.96 49.70
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 8.87 3.72 7.13 0.24 0.93
Quick Ratio		 8.64 3.14 5.94 0.23 0.83
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 -453 -65 -284 13 0.00
Operating Cash Flow to CapEx		 333.46% 45.99% -173.23% 2.17% -36.51%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.21 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.03 -14.43
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -1.30 -53.97
Efficiency Ratios		 - - - - -
Asset Turnover		 0.24 0.15 0.15 0.09 0.14
Accounts Receivable Turnover		 9.98 4.59 4.27 12.31 4.99
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.52 0.28 0.40 0.58 0.21
Accounts Payable Turnover		 6.45 4.90 4.42 6.79 3.45
Days Sales Outstanding (DSO)		 36.59 79.59 85.42 29.65 73.09
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 56.62 74.53 82.62 53.73 105.92
Cash Conversion Cycle (CCC)		 -20.03 5.07 2.80 -24.08 -32.83
Capital & Investment Metrics		 - - - - -
Invested Capital		 670 238 280 -4.62 8.82
Invested Capital Turnover		 0.39 0.27 0.38 3.29 0.19
Increase / (Decrease) in Invested Capital		 432 -42 285 -13 0.00
Enterprise Value (EV)		 343 189 -82 276 232
Market Capitalization		 753 256 28 232 232
Book Value per Share		 $16.45 $5.55 $7.95 ($5.98) $1.07
Tangible Book Value per Share		 $16.45 $5.55 $7.94 ($6.06) $1.00
Total Capital		 1,099 307 437 34 11
Total Debt		 1.44 1.26 0.00 84 1.96
Total Long-Term Debt		 1.44 1.26 0.00 12 0.00
Net Debt		 -410 -68 -110 45 0.01
Capital Expenditures (CapEx)		 142 84 84 81 3.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -9.74 -3.67 28 -97 -0.18
Debt-free Net Working Capital (DFNWC)		 401 65 138 -58 1.78
Net Working Capital (NWC)		 401 65 138 -130 -0.19
Net Nonoperating Expense (NNE)		 8.92 64 420 60 0.96
Net Nonoperating Obligations (NNO)		 -427 -68 -157 45 0.01
Total Depreciation and Amortization (D&A)		 51 31 7.74 1.25 0.76
Debt-free, Cash-free Net Working Capital to Revenue		 -5.44% -5.29% 53.22% -1,402.73% -10.89%
Debt-free Net Working Capital to Revenue		 224.10% 94.21% 263.77% -839.13% 107.44%
Net Working Capital to Revenue		 224.10% 94.21% 263.77% -1,879.65% -11.19%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 ($0.29) ($3.14) ($10.25) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 187.86M 66.70M 54.98M 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.29) ($3.14) ($10.25) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 187.86M 66.70M 54.98M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 187.86M 66.70M 54.98M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -20 -34 0.32 -0.48 -1.18
Normalized NOPAT Margin		 -11.23% -48.98% 0.62% -6.90% -71.65%
Pre Tax Income Margin		 -14.24% -244.78% -798.48% -855.03% -129.58%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.03 -20.64
NOPAT to Interest Expense		 0.00 0.00 0.00 -0.01 -11.96
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -1.29 -60.17
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -1.34 -51.50
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%

Quarterly Metrics And Ratios for Iris Energy

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. Check out Iris Energy's forecast to explore projected trends and price targets.

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 5/25/2025 by MarketBeat.com Staff
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