Iris Energy Reports Record FY Revenue of $501M, Net Income Increases to $86.9M.

Iris Energy reported FY revenue of $501M, with net income increasing to a record $86.9m and adjusted EBITDA increasing to a record $269.7m, up 395% compared to FY24. EBITDA also reached a record $278.2m, a 1,344% increase compared to FY24.

Iris Energy (NASDAQ: IREN) has reported exceptional financial results for the fiscal year ended June 30, 2025. The company achieved a record total revenue of $501.0 million, representing a 168% increase from the previous year. This significant growth was driven by a 395% increase in Adjusted EBITDA to $269.7 million, and a substantial 1344% increase in EBITDA to $278.2 million [1].

The company's net income also improved dramatically, reaching $86.9 million, up from a net loss in the previous fiscal year. This robust financial performance was underpinned by operational expansions, including a 35% increase in contracted grid-connected power to 2,910MW and a 212% increase in operating data center capacity to 810MW. Additionally, Iris Energy's Bitcoin mining capacity grew to 50 EH/s, up by 400%, and its AI Cloud capacity expanded to 1.9k NVIDIA GPUs, representing a 132% increase [1].

Iris Energy's strategic partnerships and initiatives also played a crucial role in its financial success. The company secured NVIDIA Preferred Partner status and projects annualized AI Cloud revenue of $200-250 million with 10.9k GPUs by December 2025. Furthermore, the company is advancing major expansion projects in British Columbia and Texas, including new liquid-cooled facilities for NVIDIA GB300 deployments and the Sweetwater Hub development [1].

Looking ahead, Iris Energy is well-positioned to capitalize on the growing demand for AI and high-performance computing services. The company's vertical integration strategy, which encompasses the entire AI infrastructure stack from powered shells to fully managed cloud services, is a key differentiator. The company is also exploring additional commercial opportunities while executing on near-term growth strategies [1].

References:
[1] https://www.stocktitan.net/news/IREN/iren-reports-full-year-fy25-itqqzqescmz1.html