Filing Flows › Iren (IREN) › Q4 FY26 › vs Q4 FY25
Iren (IREN) Q4 FY26 vs Q4 FY25 (year over year)
Iren's revenue fell $50.1M (-27%) from $187M in Q4 FY25 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 Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 351.4% | -43.2% | +394.7 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $137M | $187M | −$50.1M | -27% |
| Income tax benefit | $8.0M | $2.8M | $5.2M | +188% |
| Net loss | $684M | −$177M | $861M | — |
| Costs & expenses | $829M | $346M | $483M | +140% |
| Operating costs | $758M | $169M | $588M | +347% |
| Interest & other, net | $71.6M | −$156M | $228M | — |
| Cost of revenue | $33.3M | $52.9M | −$19.6M | -37% |
| SG&A | $128M | $53.3M | $75.0M | +141% |
| Other operating costs | $596M | $63.2M | $533M | +843% |
| Operating cash sources | $2.5B | −$73.5M | $2.6B | — |
| Depreciation & amortization | $112M | $63.8M | $48.3M | +76% |
| Share-based compensation | $42.9M | $18.7M | $24.2M | +129% |
| Working capital & other | $2.3B | −$156M | $2.5B | — |
| Net loss absorbed | $684M | −$177M | $861M | — |
| Operating cash flow | $1.8B | $103M | $1.7B | 18× |
| Free cash flow (OCF − capex) | $482M | −$81.0M | $563M | — |
| Capital expenditures | $1.3B | $184M | $1.1B | +622% |
Questions
How much did Iren's revenue grow year over year in Q4 FY26?
Iren's revenue fell $50.1M (-27%) from $187M in Q4 FY25 to $137M in Q4 FY26.