IREN Q4 Revenue Misses Estimates, Shares Dip Slightly After Hours

IREN Ltd. reported fourth-quarter results after Thursday's close, with quarterly revenue falling short of market consensus expectations. Here are the details of the report.

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IREN Q4 Details

IREN reported quarterly revenue of $137.2 million, 3.6% below the consensus estimate of $142.32 million, and down from $187.3 million in the same period last year.

The company reported contracted annualized recurring revenue of $4 billion for 2026 capacity, with $1 billion of ARR currently in operation. IREN added that 2026 capacity is largely sold out.

IREN Co-CEO Daniel Roberts said: "We founded IREN on a simple observation: the digital world can scale almost instantly, but the physical world cannot."

Roberts added: "This year, that founding thesis became tangible. Exponential growth in AI consumption drove demand for compute far beyond the supply of existing infrastructure. IREN was built for this moment."

IREN stock price action: According to market data, IREN shares fell 0.27% in after-hours trading Thursday, trading at $40.42.