IREN FY26 net loss widens to US$702.6 million; revenue rises to US$707 million

Reuters2026/08/27 20:11

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Iren posted FY26 revenue of USD 707 million, up 41.12% from a year earlier.
Net loss widened to USD 702.6 million from net income of USD 86.9 million, hit by USD 638.8 million non-cash impairments.
Adjusted EBITDA (non-GAAP) slipped to USD 245.7 million from USD 269.7 million; AI Cloud Services revenue rose about 8x to USD 128.8 million.
Signed a new multi-year AI Cloud contract with a leading frontier AI lab; 2026 capacity largely sold out with USD 4 billion contracted ARR.
Operating ARR stood at USD 1 billion as of Aug. 26; delivered Horizon 1 liquid-cooled deployment to Microsoft, with Horizons 2-4 targeting Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iren Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608271609PRIMZONEFULLFEED9817396) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IREN FY26 net loss widens to US$702.6 million; revenue rises to US$707 million

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