IREN Ltd
For the period ended Dec 31, 2025. Filed Feb 5, 2026.
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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.
Dec 31, 2025 · Filed Feb 5, 2026
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 | December 31,2025 | June 30,2025 | |
|---|---|---|---|
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $3,260,589 | $564,526 | |
| Accounts receivable, net | 9,606 | 1,564 | |
| Deposits and prepaid expenses | 7 | 55,330 | 45,908 |
| Derivative assets | 10 | — | 5,756 |
| Income taxes receivable | 20 | — | 2,581 |
| Assets held for sale | 9 | 20,102 | — |
| Other assets and other receivables | 37,794 | 20,838 | |
| Total current assets | 3,383,421 | 641,173 | |
| Non-current assets | |||
| Property, plant and equipment, net | 9 | 3,170,451 | 1,930,567 |
| Intangible assets, net | 12 | 107,573 | — |
| Operating lease right-of-use asset, net | 14 | 1,328 | 1,463 |
| Deposits and prepaid expenses | 7 | 148,822 | 32,916 |
| Financial assets | 8 | — | 211,617 |
| Derivative assets | 10 | 215,700 | 122,100 |
| Other non-current assets | 282 | 486 | |
| Total non-current assets | 3,644,156 | 2,299,150 | |
| Total assets | $7,027,577 | $2,940,323 | |
| Liabilities and stockholders’ equity | |||
| Current liabilities | |||
| Accounts payable and accrued expenses | 13 | $576,268 | $144,115 |
| Operating lease liability, current portion | 14 | 402 | 404 |
| Finance lease liability, current portion | 9, 14 | 61,854 | — |
| Income taxes payable, current portion | 20 | 752 | — |
| Deferred revenue, current portion | 5 | 6,794 | 884 |
| Other liabilities, current portion | 15 | 36,061 | 3,945 |
| Total current liabilities | 682,131 | 149,347 | |
| Non-current liabilities | |||
| Operating lease liability, less current portion | 14 | 936 | 1,063 |
| Finance lease liability, less current portion | 9, 14 | 94,060 | — |
| Convertible notes payable | 16 | 3,685,296 | 962,765 |
| Deferred revenue, less current portion | 5 | 39,831 | — |
| Deferred tax liabilities | 20 | 8,055 | 7,971 |
| Income taxes payable, less current portion | 20 | 2,292 | 1,454 |
| Other liabilities, less current portion | 15 | 3,783 | 234 |
| Total non-current liabilities | 3,834,253 | 973,488 | |
| Total liabilities | 4,516,384 | 1,122,835 | |
| Commitments and contingencies (See Note 21) | |||
| Stockholders’ equity | |||
| Ordinary shares, no par value; 331,759,177 and 258,103,209 shares issued and outstanding as of December 31, 2025 and June 30, 2025, respectively | 17 | 4,668,372 | 2,355,056 |
| B Class shares, no par value; 2 shares authorized; and 2 shares issued and outstanding as of December 31, 2025 and June 30, 2025 | 17 | — | — |
| Additional paid-in capital | (1,757,926) | 88,672 | |
| Retained earnings (accumulated deficit) | (366,963) | (596,167) | |
| Accumulated other comprehensive income (loss) | (32,290) | (30,073) | |
| Total stockholders’ equity | 2,511,193 | 1,817,488 | |
| Total liabilities and stockholders’ equity | $7,027,577 | $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.