← IREN Ltd
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Net Income From Continuing Operations | — | — | ($419.8m) | ($171.8m) | ($28.9m) | $86.9m | |
| Net Income (Loss) Attributable to Parent | — | — | ($419.8m) | ($171.8m) | ($28.9m) | $86.9m | |
| Depreciation, Depletion and Amortization | — | — | $7.7m | $30.7m | $50.5m | $181.1m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $1.4m | |
| Depreciation Amortization Depletion | — | — | $7.7m | $30.7m | $50.5m | $181.1m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | $4.9m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | $42.6m | |
| Adjustments For Share-Based Payments | — | — | $13.9m | $14.4m | $23.6m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $42.6m | |
| Goodwill, Impairment Loss | — | — | — | — | — | $0 | |
| Asset Impairment Charge | — | — | $167k | $105.2m | $0 | $9.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $2k | $40k | $32.5m | $43k | $4.0m | |
| Income Tax Expense (Benefit) | — | — | — | — | — | $6.6m | |
| Interest Expense Nonoperating | — | — | — | — | — | $11.0m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $817k | |
| Additional Financial Items | |||||||
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | — | ($8.9m) | $5.1m | ($3.0m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | ($1.3m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | ($3.8m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $41.2m | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | $9.1m | |
| Goodwill | — | — | $634k | $0 | $0 | — | |
| Interest Received Classified As Operating Activities | — | — | $4k | $803k | $5.0m | — | |
| Investment Income, Interest | — | — | — | — | — | $7.5m | |
| Nonoperating Income (Expense) | — | — | — | — | — | $76.2m | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | $6k | $318k | $497k | — | |
| Proceeds From Borrowings Classified As Financing Activities | — | — | $65.2m | $0 | $0 | — | |
| Proceeds From Issuing Shares | — | — | $0 | — | $783.1m | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | ($4.2m) | |
| Repayments Of Borrowings Classified As Financing Activities | — | — | $12.1m | $9.4m | $0 | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | $27.3m | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $77.5m | |
| Receipts from revenue | $2.2m | $7.9m | $59.0m | $78.4m | $187.0m | — | |
| Receipts from other income | — | — | $0 | $3.1m | $438k | — | |
| Payments for electricity, suppliers and employees | ($3.2m) | ($6.4m) | ($32.2m) | ($72.2m) | ($139.5m) | — | |
| Interest received | $3k | $6k | $4k | $803k | $5.0m | — | |
| Payments for mining hardware prepayments | $0 | ($73.8m) | ($210.6m) | $0 | ($338.1m) | — | |
| Payments for prepayments and other assets | ($149k) | ($250k) | ($22.0m) | ($7.4m) | ($18.6m) | — | |
| Repayments/(advancement) of loan proceeds | — | $0 | ($1.9m) | $2.3m | $0 | — | |
| Deconsolidation of Non-Recourse SPVs | — | $0 | $0 | ($1.2m) | $0 | — | |
| Proceeds from release of deposits | — | $0 | $0 | $18.4m | $0 | — | |
| Proceeds from hybrid financial instruments | $4.2m | $105.7m | $107.8m | $0 | $0 | — | |
| Capital raise costs | ($290k) | $0 | ($4.2m) | ($1.0m) | ($946k) | — | |
| Proceeds from mining hardware finance | $0 | $17.1m | $65.2m | $0 | $0 | — | |
| Repayment of borrowings | $0 | ($2.1m) | ($12.1m) | ($9.4m) | $0 | — | |
| Proceeds from Initial Public Offering (net of underwriting fees) | $0 | $0 | $215.3m | $0 | $0 | — | |
| Proceeds from loan funded shares | — | — | $0 | $0 | $503k | — | |
| Payment of borrowing transaction costs | $0 | ($2.6m) | $0 | ($250k) | $0 | — | |
| Share issuances | $2.7m | $0 | $0 | $39.3m | $783.1m | — | |
| Repayment of lease liabilities | $0 | ($34k) | ($6k) | ($318k) | ($497k) | — | |
| Beginning Cash Position | — | — | $39.0m | $110.0m | $68.9m | $404.6m | |
| Cash Flow From Continuing Financing Activities | — | — | $372.0m | $28.6m | $782.6m | $1.3b | |
| Cash Flow From Continuing Investing Activities | — | — | ($259.1m) | ($71.5m) | ($498.5m) | ($1.4b) | |
| Change In Account Payable | — | — | — | ($2.1m) | $10.1m | $16.7m | |
| Change In Income Tax Payable | — | — | — | $2.2m | $1.4m | $4.9m | |
| Change In Other Current Assets | — | — | — | $0 | $0 | $6.5m | |
| Change In Other Current Liabilities | — | — | — | ($1.5m) | $25k | $2.6m | |
| Change In Other Working Capital | — | — | $2.4m | $4.8m | $2.6m | ($1.7m) | |
| Change In Payable | — | — | $6.5m | $134k | $11.4m | $21.6m | |
| Change In Payables And Accrued Expense | — | — | $6.5m | $134k | $11.4m | $21.6m | |
| Change In Prepaid Assets | — | — | ($4.6m) | ($6.6m) | $2.9m | ($22.2m) | |
| Change In Receivables | — | — | ($72k) | $17.6m | ($5.6m) | ($12.2m) | |
| Change In Tax Payable | — | — | — | $2.2m | $1.4m | $4.9m | |
| Change In Working Capital | — | — | $4.2m | $9.7m | $11.4m | ($5.4m) | |
| Changes In Cash | — | — | $75.5m | ($37.2m) | $336.4m | $160.1m | |
| Classesof Cash Payments | — | — | ($32.2m) | ($72.2m) | ($139.5m) | — | |
| End Cash Position | — | — | $110.0m | $68.9m | $404.6m | $564.5m | |
| Financing Cash Flow | — | — | $372.0m | $28.6m | $782.6m | $1.3b | |
| Free Cash Flow | — | — | ($331.7m) | ($110.3m) | ($427.7m) | ($1.1b) | |
| Gain Loss On Investment Securities | — | — | $390.7m | — | ($4.1m) | $4.2m | |
| Gain Loss On Sale Of Business | — | — | $0 | ($3.3m) | $0 | $0 | |
| Gain Loss On Sale Of PPE | — | — | ($12k) | $6.6m | ($43k) | ($4.0m) | |
| Interest Received Direct | — | — | $4k | $803k | $5.0m | — | |
| Investing Cash Flow | — | — | ($259.1m) | ($71.5m) | ($498.5m) | ($1.4b) | |
| Issuance Of Capital Stock | — | — | $215.3m | $39.3m | $783.6m | $602.7m | |
| Net Business Purchase And Sale | — | — | $0 | ($1.2m) | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | ($8.9m) | $5.2m | ($3.5m) | $3.8m | |
| Net Intangibles Purchase And Sale | — | — | $59.0m | $78.4m | $183.6m | — | |
| Net PPE Purchase And Sale | — | — | ($294.2m) | ($83.6m) | ($479.9m) | ($1.4b) | |
| Operating Gains Losses | — | — | $381.8m | $8.6m | ($7.7m) | ($5.1m) | |
| Other Non Cash Items | — | — | ($25.6m) | $9.1m | ($108k) | $13.8m | |
| Paymentsto Suppliersfor Goodsand Services | — | — | ($32.2m) | ($72.2m) | — | — | |
| Purchase Of Business | — | — | $0 | ($1.2m) | $0 | $0 | |
| Purchase Of PPE | — | — | ($294.2m) | ($116.1m) | ($479.9m) | ($1.4b) | |
| Receiptsfrom Customers | — | — | $0 | $78.4m | $187.0m | — | |
| Sale Of Intangibles | — | — | $59.0m | $78.4m | $183.6m | — | |
| Sale Of PPE | — | — | $40k | $32.5m | $43k | $11.2m | |
| Stock Based Compensation | — | — | $13.9m | $14.4m | $23.6m | $42.6m | |
| Unrealized Gain Loss On Investment Securities | — | — | $0 | $0 | $3.4m | ($77.5m) | |
| Profit or Loss | — | — | ($419.8m) | ($171.9m) | ($29.0m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($987k) | $1.8m | $21.6m | $6.0m | $52.7m | $245.9m | |
| Cash flows from investing activities: | |||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | ($294.2m) | ($116.1m) | ($479.9m) | $573.5m | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $0 | $2k | $40k | $32.5m | $43k | — | |
| Net Investment Purchase And Sale | — | — | $0 | $18.4m | $0 | $470k | |
| Sale Of Investment | — | — | $0 | $18.4m | $0 | $470k | |
| Net Other Investing Changes | — | — | ($23.9m) | ($5.1m) | ($18.6m) | ($19.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($4.2m) | ($81.4m) | ($318.1m) | ($71.5m) | ($498.5m) | ($1.4b) | |
| Cash flows from financing activities: | |||||||
| Issuance Of Debt | — | — | $65.2m | $0 | $0 | $701.2m | |
| Long Term Debt Issuance | — | — | $65.2m | $0 | $0 | $701.2m | |
| Net Issuance Payments Of Debt | — | — | $53.1m | ($9.4m) | $0 | $701.2m | |
| Net Long Term Debt Issuance | — | — | $53.1m | ($9.4m) | $0 | $701.2m | |
| Repayments of Long-term Debt | — | — | — | — | — | $0 | |
| Long Term Debt Payments | — | — | ($12.1m) | ($9.4m) | $0 | $0 | |
| Repayment Of Debt | — | — | ($12.1m) | ($9.4m) | $0 | $0 | |
| Common Stock Issuance | — | — | $215.3m | $39.3m | $783.6m | $602.7m | |
| Net Common Stock Issuance | — | — | $215.3m | $39.3m | $783.6m | $602.7m | |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | — | — | $0 | $0 | $0 | — | |
| Net Other Financing Charges | — | — | $103.6m | ($1.3m) | ($946k) | ($9.2m) | |
| Net cash from financing activities | $6.7m | $118.0m | $372.0m | $28.2m | $782.1m | — | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | — | $1.3b | |
| Effects of exchange rate changes on cash and cash equivalents | $358k | ($1.4m) | ($4.5m) | ($3.9m) | ($672k) | — | |
| Effect Of Exchange Rate Changes | — | — | ($4.5m) | ($3.9m) | ($672k) | ($209k) | |
| Net increase/(decrease) in cash and cash equivalents | $1.5m | $38.4m | $75.5m | ($37.2m) | $336.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $564.5m | |
| Cash and cash equivalents at the beginning of the financial year | $2.0m | $39.0m | $110.0m | $68.9m | $404.6m | — | |
| Supplemental disclosure of cash flow information: | |||||||
| Change In Cash Supplemental As Reported | — | — | $75.5m | ($37.2m) | $336.4m | $160.1m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $0 | ($333k) | ($5.3m) | ($4.1m) | ($213k) | $7.6m | |
| Interest Paid Classified As Operating Activities | $0 | ($333k) | $5.3m | $4.1m | $213k | — | |
| Income Taxes Paid, Net | — | — | — | — | — | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.