IREN Ltd. (NASDAQ:IREN) posted its fourth-quarter results after Thursday’s closing bell, missing the consensus revenue estimate for the quarter. Here’s a look at the details inside the report.
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IREN Q4 Details
IREN reported quarterly revenue of $137.2 million, which missed the consensus estimate of $142.32 million by 3.6% and was down from $187.3 million in the same period last year, according to Benzinga Pro data.
The company reported $4 billion of contracted ARR for 2026 capacity with $1 billion ARR operating today. IREN added that 2026 capacity is largely sold out.
“We started IREN with a simple observation: the digital world can scale almost instantly, but the physical world cannot,” said Daniel Roberts, co-CEO of IREN.
“This year, that founding thesis became tangible. Exponential AI consumption growth has fueled demand for compute capacity well beyond the available supply of infrastructure. IREN was built for this moment,” Roberts added.
IREN Stock Price Activity: According to data from Benzinga Pro, IREN stock was down 0.27% to $40.42 in Thursday’s extended trading.
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