Develops AI cloud services for enterprises and hyperscalers.
Jun 2026Revenue $707M/yrExpenses $1.75B/yr
No trendCash runway ≈ 6.6 years from Jun 2026
Figures by year
When will IREN be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Jun 2026, revenue was $707M and expenses $1.75B.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Jun 2026 | $707M | $1.75B | −$1.05B |
| Jun 2025 | $501M | $484M | $17.3M |
| Jun 2024 | $187M | $214M | −$27.2M |
| Jun 2023 | $75.5M | $233M | −$157M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.