IREN Ltd
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 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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Unaudited Condensed Consolidated Balance Sheets
IREN Limited
Condensed Consolidated Balance Sheets
(Unaudited, in USD thousands, except share and per share data)
| Note | September 30,2025 | June 30,2025 | |
|---|---|---|---|
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $1,032,263 | $564,526 | |
| Accounts receivable, net | 24,139 | 1,564 | |
| Deposits and prepaid expenses | 7 | 53,275 | 45,908 |
| Derivative assets | 10 | 2,910 | 5,756 |
| Income taxes receivable | 18 | — | 2,581 |
| Other receivables | 11,353 | 20,838 | |
| Total current assets | 1,123,940 | 641,173 | |
| Non-current assets | |||
| Property, plant and equipment, net | 9 | 2,115,436 | 1,930,567 |
| Operating lease right-of-use asset, net | 1,425 | 1,463 | |
| Deposits and prepaid expenses | 7 | 30,456 | 32,916 |
| Financial assets | 8 | 681,400 | 211,617 |
| Derivative assets | 10 | 314,400 | 122,100 |
| Other non-current assets | 317 | 486 | |
| Total non-current assets | 3,143,434 | 2,299,150 | |
| Total assets | $4,267,374 | $2,940,323 | |
| Liabilities and stockholders’ equity | |||
| Current liabilities | |||
| Accounts payable and accrued expenses | 12 | $151,874 | $144,115 |
| Operating lease liability, current portion | 400 | 404 | |
| Income taxes payable, current portion | 18 | 134 | — |
| Deferred revenue, current portion | 1,107 | 884 | |
| Other liabilities, current portion | 13 | 50,230 | 3,945 |
| Total current liabilities | 203,745 | 149,347 | |
| Non-current liabilities | |||
| Operating lease liability, less current portion | 1,023 | 1,063 | |
| Convertible notes payable | 14 | 964,209 | 962,765 |
| Deferred revenue, less current portion | 22,234 | — | |
| Deferred tax liabilities | 18 | 195,411 | 7,971 |
| Income taxes payable, less current portion | 18 | 1,957 | 1,454 |
| Other liabilities, less current portion | 13 | 2,628 | 234 |
| Total non-current liabilities | 1,187,462 | 973,488 | |
| Total liabilities | 1,391,207 | 1,122,835 | |
| Commitments and contingencies (See Note 19) | |||
| Stockholders’ equity | |||
| Ordinary shares, no par value; 999,999,999 shares authorized; 282,876,303 and 258,103,209 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively | 15 | 2,965,588 | 2,355,056 |
| B Class shares, $0.72 par value; 2 shares authorized; and 2 shares issued and outstanding as of September 30, 2025 and June 30, 2025 | 15 | — | — |
| Additional paid-in capital | 157,666 | 88,672 | |
| Retained earnings (accumulated deficit) | (211,556) | (596,167) | |
| Accumulated other comprehensive income (loss) | (35,531) | (30,073) | |
| Total stockholders’ equity | 2,876,167 | 1,817,488 | |
| Total liabilities and stockholders’ equity | $4,267,374 | $2,940,323 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.