IREN Ltd

For the period ended Jun 30, 2025. Filed Aug 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Aug 28, 2025

IREN$19.73-7.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as at and

IREN Limited

Consolidated Balance Sheets

As at June 30, 2025 and 2024

(in USD thousands, except share and per share data)	Note	June 30,2025	June 30,2024
Assets
Current assets
Cash and cash equivalents		$564,526	$404,601
Accounts receivable, net		1,564	152
Deposits and prepaid expenses	9	45,908	11,888
Derivative assets	14	5,756	—
Financial assets	10	—	6,530
Income taxes receivable	22	2,581	—
Other receivables	11	20,838	29,214
Total current assets		641,173	452,385
Non-current assets
Property, plant and equipment, net	12	1,930,567	441,371
Operating lease right-of-use asset, net	17	1,463	1,336
Deposits and prepaid expenses	9	32,916	257,300
Financial assets	10	211,617	—
Derivative assets	14	122,100	—
Other non-current assets		486	427
Total non-current assets		2,299,150	700,434
Total assets		$2,940,323	$1,152,819
Liabilities and stockholders' equity
Current liabilities
Accounts payable and accrued expenses	16	$144,115	$45,494
Operating lease liability, current portion	17	404	289
Income taxes payable	22	—	1,389
Deferred revenue		884	2,558
Other liabilities, current portion		3,945	1,342
Total current liabilities		149,347	51,072
Non-current liabilities
Operating lease liability, less current portion	17	1,063	1,032
Convertible notes payable	18	962,765	—
Deferred tax liabilities	22	7,971	3,125
Income taxes payable, less current portion	22	1,454	—
Other liabilities, less current portion		234	117
Total non-current liabilities		973,488	4,274
Total liabilities		1,122,835	55,346
Commitments and contingencies (See Note 23)
Stockholders' equity
Ordinary shares, no par value; 999,999,999 shares authorized; 258,103,209 and 187,864,454 shares issued and outstanding as of June 30, 2025 and June 30, 2024, respectively	19	2,355,056	1,764,289
B Class shares, $0.72 par value; 2 shares authorized; and 2 shares issued and outstanding as of June 30, 2025 and June 30, 2024	19	—	—
Additional paid-in capital		88,672	51,286
Retained earnings (accumulated deficit)		(596,167)	(683,110)
Accumulated other comprehensive income (loss)		(30,073)	(34,994)
Total stockholders' equity		1,817,488	1,097,471
Total liabilities and stockholders' equity		$2,940,323	$1,152,819

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.