Filing Flows › Iren (IREN) › Q4 FY26 › vs Q3 FY26
Iren (IREN) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Iren's revenue fell $7.6M (-5%) from $145M in Q3 FY26 to $137M in Q4 FY26.
Iren, Q4 FY26: revenue $137M (-27% year over year), operating margin -452.1%, net loss $684M, operating cash flow $1.8B. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 351.4% | -603.5% | +954.9 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $137M | $145M | −$7.6M | -5% |
| Income tax benefit | $8.0M | $6.3M | $1.7M | +27% |
| Net loss | $684M | $248M | $436M | +176% |
| Costs & expenses | $829M | $399M | $430M | +108% |
| Operating costs | $758M | $378M | $379M | +100% |
| Interest & other, net | $71.6M | $20.6M | $51.0M | +248% |
| Cost of revenue | $33.3M | $39.9M | −$6.6M | -17% |
| SG&A | $128M | $81.8M | $46.5M | +57% |
| Other operating costs | $596M | $257M | $339M | +132% |
| Operating cash sources | $2.5B | $323M | $2.2B | +672% |
| Depreciation & amortization | $112M | $121M | −$9.2M | -8% |
| Share-based compensation | $42.9M | $31.5M | $11.4M | +36% |
| Working capital & other | $2.3B | $170M | $2.2B | 14× |
| Net loss absorbed | $684M | $248M | $436M | +176% |
| Operating cash flow | $1.8B | $75.3M | $1.7B | 24× |
| Free cash flow (OCF − capex) | $482M | −$874M | $1.4B | — |
| Capital expenditures | $1.3B | $949M | $380M | +40% |
Questions
How much did Iren's revenue grow quarter over quarter in Q4 FY26?
Iren's revenue fell $7.6M (-5%) from $145M in Q3 FY26 to $137M in Q4 FY26.