09/03/2026
IREN’s AI Cloud revenue went from $7.0m to $70.5m in four quarters.
Q4 FY26 (quarter ended June 30, 2026), as reported:
- Total revenue $137.2m, vs a ~$132.3m FactSet consensus and $187.3m in the June 2025 quarter
- AI Cloud Services revenue $70.5m, up from $33.6m in Q3 — and above Bitcoin mining ($66.7m) for the first time
- Adjusted EBITDA (non-GAAP) $19.2m, down from $59.5m in Q3
- Net loss $684.0m, including $450.4m of non-cash impairments IREN tied primarily to decommissioning mining hardware
- $4bn contracted ARR for 2026 capacity, $1bn operating as of Aug 26; CEO Daniel Roberts: 2026 capacity is “largely sold out”
- Stock closed down 12.5% the next day
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Not financial advice. Source: IREN FY26 results release, Aug 27 2026.
