IREN 2025 Q4 Earnings Strong Performance as Net Income Surges 453.5%

IREN reported its Q4 2025 earnings on August 28, 2025, delivering results that exceeded expectations with a significant turnaround in profitability. The company turned a net loss into a profit, posting a 453.5% increase in net income year-over-year. IREN also raised its strategic guidance, signaling robust growth in AI and crypto operations. The report underscored confidence in its long-term expansion and operational discipline.

Revenue
IREN’s total revenue for Q4 2025 surged 229.8% to $187.29 million, a dramatic jump from $56.80 million in the same period of 2024. This substantial growth reflects the company’s expanding data center and AI infrastructure, driven by increasing demand from cloud and crypto markets.

Earnings/Net Income
IREN returned to profitability with an EPS of $0.37 in Q4 2025, a reversal from a loss of $0.14 per share in Q4 2024. The net income for the quarter reached $95.55 million, representing a 453.5% positive swing from a net loss of $27.03 million in the prior-year quarter. This represents a significant and positive earnings turnaround.

Price Action
IREN’s stock price edged up 0.63% in the latest trading day, surged 17.61% over the past week, and climbed 45.92% month-to-date. The strong price movement aligns with the company’s strategic advancements in AI and crypto infrastructure.

Post Earnings Price Action Review
A strategy of buying IREN when revenues miss and holding for 30 days yielded a -71.37% return, underperforming the benchmark return of 36.05%. This approach resulted in a CAGR of -28.85%, with a maximum drawdown of 0.00% and a Sharpe ratio of -0.25, indicating a high-risk, low-reward scenario. The negative post-earnings performance suggests investors may be cautious about short-term volatility.

CEO Commentary
Daniel Roberts, Co-CEO, highlighted IREN’s record FY 2025 performance, including a 10x EBITDA growth and tripling of data center capacity to 810 megawatts. He emphasized the 400% expansion in Bitcoin mining hash rate to 50 exahash and the rapid deployment of 10,000 AI GPUs through non-dilutive financing. Roberts underlined IREN’s strategic focus on vertical integration and its role as an NVIDIA preferred partner, positioning the company to scale AI cloud revenue to $1.25 billion annually.

Guidance
IREN expects $200 million to $250 million in annualized AI cloud revenue by December 2025 from the 10,000 GPU deployment. The company remains on track for Q4 2025 completion of Horizon 1 and April 2026 energization of Sweetwater 1. With $565 million in cash, $2.9 billion in assets, and access to low-cost GPU financing, IREN maintains strong financial flexibility for disciplined capital allocation.

Additional News
On August 18, 2025, IREN surged 5.15% on $510 million in trading volume, driven by its exposure to AI, crypto, and cloud computing. Analysts raised Q1 earnings forecasts by 31% and projected 173% revenue growth to $515 million in 2025. The stock currently holds a Zacks Rank #2 (Buy), despite a low forward P/E ratio of 16.6x, consolidating after a 250% rally near key resistance at $19.15. Additionally, a volume-driven strategy buying the top 500 stocks by daily volume yielded 23.4% cumulative returns from 2022 to 2025, highlighting the company’s strong investor interest and market performance.