Financial Snapshot

Revenue
$208.8M
TTM
Gross Margin
Net Earnings
-$75.36M
TTM
Current Assets
$158.8M
Q3 2024
Current Liabilities
$146.0M
Q3 2024
Current Ratio
108.73%
Q3 2024
Total Assets
$1.281B
Q3 2024
Total Liabilities
$151.7M
Q3 2024
Book Value
$1.130B
Q3 2024
Cash
P/E
-35.57
Nov 29, 2024 EST
Free Cash Flow
-$198.7M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020
Revenue $188.8M $75.51M $59.04M $10.43M $3.260M
YoY Change 149.98% 27.9% 465.92% 220.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020
Revenue $188.8M $75.51M $59.04M $10.43M $3.260M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020
Selling, General & Admin $147.6M $75.77M $39.61M $8.843M $4.367M
YoY Change 94.86% 91.28% 347.94% 102.5%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.65M $30.86M $7.741M $1.677M $1.137M
YoY Change 64.15% 298.6% 361.6% 47.49%
% of Gross Profit
Operating Expenses $213.5M $120.2M $56.93M $11.14M $5.775M
YoY Change 77.65% 111.07% 411.1% 92.88%
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020
Interest Expense $0.00 $15.21M $5.343M -$78.14M -$669.0K
YoY Change -100.0% 184.73% -106.84% 11579.67%
% of Operating Profit
Other Income/Expense, Net $20.00K $10.00K $0.00
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020
Pretax Income -$25.50M -$169.5M -$417.0M -$78.88M -$3.161M
YoY Change -84.95% -59.36% 428.71% 2395.41%
Income Tax $3.453M $2.390M $2.724M $1.653M $0.00
% Of Pretax Income
Net Earnings -$28.96M -$171.9M -$419.8M -$80.53M -$3.161M
YoY Change -83.15% -59.06% 421.24% 2447.71%
Net Earnings / Revenue -15.34% -227.62% -711.03% -771.98% -96.96%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.29 -$3.14 -$10.25M -$1.463M -$57.44K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020
Cash & Short-Term Investments $411.1M $68.89M $110.0M $52.02M $2.849M
YoY Change 496.76% -37.35% 111.42% 1725.73%
Cash & Equivalents
Short-Term Investments $6.530M
Other Short-Term Assets $11.89M $13.79M $26.63M $864.0K $410.0K
YoY Change -13.81% -48.21% 2982.18% 110.73%
Inventory
Prepaid Expenses
Receivables $152.0K
Other Receivables $29.22M
Total Short-Term Assets $452.4M $89.23M $160.3M $53.94M $3.741M
YoY Change 406.99% -44.32% 197.11% 1341.81%
Property, Plant & Equipment $442.9M $242.5M $248.8M $23.16M $12.21M
YoY Change 82.67% -2.55% 974.56% 89.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $257.7M $368.0K $160.8M $101.5M $0.00
YoY Change 69934.51% -99.77% 58.31%
Total Long-Term Assets $700.6M $242.8M $410.2M $125.6M $13.04M
YoY Change 188.52% -40.8% 226.64% 863.43%
Total Assets $1.153B $332.1M $570.5M $179.5M $16.78M
YoY Change
Accounts Payable $27.35M $11.54M $13.23M $728.0K $462.0K
YoY Change 136.88% -12.74% 1717.31% 57.58%
Accrued Expenses $6.115M $6.061M $7.522M $778.0K $562.0K
YoY Change 0.89% -19.42% 866.84% 38.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $46.00K
YoY Change -100.0%
Long-Term Debt Due $214.0K $192.0K $60.48M $96.03M $2.813M
YoY Change 11.46% -99.68% -37.02% 3313.9%
Total Short-Term Liabilities $51.00M $24.00M $85.11M $227.4M $4.014M
YoY Change 112.48% -71.8% -62.58% 5565.35%
Long-Term Debt $1.441M $1.256M $47.80M $15.81M $0.00
YoY Change 14.73% -97.37% 202.32%
Other Long-Term Liabilities $119.0K $91.00K
YoY Change 30.77%
Total Long-Term Liabilities $1.560M $1.347M $47.80M $15.81M $0.00
YoY Change 15.81% -97.18% 202.32%
Total Liabilities $55.68M $26.71M $133.1M $245.4M $4.014M
YoY Change 108.45% -79.93% -45.76% 6013.05%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.6806 Billion

About IREN Ltd

Iris Energy Ltd. engages in operating institutional grade data centers powered by renewable energy. The company is headquartered in Sydney, New South Wales and currently employs 144 full-time employees. The company went IPO on 2021-11-17. The Company’s data centers are purpose-built for high performance computing and support a combination of application specific integrated circuits (ASIC’s) for Bitcoin mining and graphics processing units (GPUs) for artificial intelligence (AI) workloads. The company operates data center infrastructure supporting the verification and validation of Bitcoin blockchain transactions in exchange for Bitcoin, referred to as Bitcoin mining. The company owns mining hardware that is designed specifically to mine Bitcoin. The firm's data center mining facilities are located in Canal Flats, Mackenzie, Prince George and Childress. Canal Flats facility is located in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500 km east of Vancouver. The Prince George facility is located 500 km north of Vancouver. The Childress facility is located in Childress County, Texas.

Industry: Finance Services Peers: Atlassian Corp