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IREN
IREN LimitedStock · Finance
$44.76+$1.09 (+2.50%)as of market close, Aug 13, 2026
☾ After hours:$45.27+1.13%7:58 PM ET
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How IREN Limited makes money

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How does IREN Limited 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 · FY2025 · year ended 2025-06-30
Revenue$501MGross profit$342M · 68%Cost of revenue$159M · 32%Operating income$17M · 3%Operating expenses$325M · 65%SG&A$136M · 27%Selling & marketing$3M · 1%Other opex$185M · 37%Pre-tax income$94M · 19%Other income$76M · 15%Net income$87M · 17%Income tax$7M · 1%Bitcoin Mining Revenue$485M · 97%AI Cloud Services$16M · 3%

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.