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AI brief of an SEC Form 8-K · IREN Ltd (IREN)

IREN reports Q1 FY27 revenue up 66% to $228 million; net loss narrows to $263 million

Positive Impact 3 of 5 earnings Written later

IREN reported results for the quarter ended September 30, 2026, with total revenue of $228 million, up from $137 million in the prior quarter, driven by AI Cloud revenue of $200 million. The net loss narrowed to $263 million from $684 million, and Adjusted EBITDA rose to $66 million from $19 million. The company said its more than $4 billion ARR target is now expected in January 2027, later than the prior year-end 2026 timing.

Key points

  • Total revenue $228 million vs. $137 million in the prior quarter; AI Cloud revenue $200 million vs. $71 million
  • Net loss $263 million vs. $684 million in the prior quarter; Adjusted EBITDA $66 million vs. $19 million
  • Bitcoin Mining revenue fell to $28 million from $67 million
  • More than $4 billion ARR target moved from year-end 2026 to January 2027, and may extend to February 2027; revenue backlog $20.3 billion

The filing

CompanyIREN Ltd (IREN)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:03 PM ET
Accession number0001878848-26-000065

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.