IREN (IREN.US) reported a year-on-year revenue growth of 355% in Q1, exceeding expectations. Net profit turned from loss to profit, reaching 3.846 billion USD.

The Wise Wealth APP learned that IREN Ltd (IREN.US) announced its three-month financial performance for the quarter ended September 30, 2025 on November 6th (Thursday) local time. The financial report shows that total revenue for the quarter reached $240.3 million, a significant increase of 355% compared to $52.8 million in the first quarter of the 2025 fiscal year. This exceeded analysts' general expectations of around $2.355 billion by about 2.04%. Net profit turned from a loss to a profit of $384.6 million, compared to a net loss of $51.7 million in the same period last year. Adjusted EBITDA increased to $91.7 million, a staggering 3568% year-on-year (compared to $2.5 million in the same period last year), while EBITDA set a record of $662.7 million (compared to -$18.8 million in the same period last year).