How IREN makes money

Period

FY2026

How does IREN make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

IREN Limited · FY2026 · year ended 2026-06-30

Revenue$707MNet loss$703M · 99%Cost of revenue$220M · 31%Gross profit$487M · 69%Operating expenses$1.5B · 217%Other income$344M · 49%SG&A$449M · 64%Selling & marketing$20M · 3%Other opex$1.1B · 151%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.