Filing Flows › Iren (IREN) › Q4 FY25
Iren (IREN) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 28, 2025
Iren (IREN) reported revenue of $187M for the fourth quarter fiscal 2025 (Q4 FY25) and +29% from the quarter before. Operating margin was 9.6%, net earnings $177M (94.3% of revenue).
Iren, Q4 FY25: revenue $187M, operating margin 9.6%, net earnings $177M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | +29% | — |
| Operating profit | $17.9M | -39% | — |
| Net earnings | $177M | — | — |
| Operating cash flow | $103M | +11% | — |
What changed
Revenue was $187.3M in Q4 FY25, up 29% from the previous quarter.
Operating profit was $17.9M, a 9.6% margin. Net earnings were $176.7M. The effective tax rate was -1.6%. Non-operating items added $156.0M, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $103.1M, 58% of net earnings. Non-cash charges added back $63.8M of depreciation and amortization and $18.7M of share-based compensation. Working capital and other items used $156.1M. Capital expenditures of $184.1M exceeded it, leaving free cash flow of −$81.0M.
Questions
What was Iren's revenue in the fourth quarter fiscal 2025?
Iren (IREN) reported revenue of $187M for the fourth quarter fiscal 2025 (Q4 FY25) and +29% from the quarter before.
Was Iren profitable in the fourth quarter fiscal 2025?
Operating profit was $17.9M (9.6% of revenue) and net earnings $177M.
Source: Iren 10-K on SEC EDGAR.