IREN Shares Jump 26% Despite Q4 Earnings Miss, Revenues Surge Q/Q

IREN Limited IREN shares jumped 9.93% to close at $29.11 on Sept. 2. Following the fourth-quarter fiscal 2025 results reported on Aug. 28, shares have rallied 26.3% in the past two trading sessions. IREN reported fourth-quarter fiscal 2025 earnings of 8 cents per share that lagged the Zacks Consensus Estimate by 52.94%. The company registered net income of $176.9 million against the previous quarter’s loss of $16.3 million. Total revenues increased 29.4% sequentially to $187.3 million but missed the consensus mark by 0.64%.Shares have inched up 0.62% at the time of writing this article. IREN shares have returned a whopping 196.5% year to date, outperforming the broader Zacks Finance sector’s rally of 12.9%.IREN’s Q4 Operating DetailsIn the fiscal fourth quarter, bitcoin revenues were $180.3 million, up 27.7% sequentially. AI Cloud Services revenues were $7 million compared with $3.6 million in the previous quarter.IREN Limited Price, Consensus and EPS Surprise  IREN Limited price-consensus-eps-surprise-chart | IREN Limited QuoteIREN’s best-in-class fleet efficiency at 15 joules per terahash and low net power costs of $0.035 per kilowatt hour in the fiscal fourth quarter benefited the bitcoin business. IREN mined 1,825 bitcoins in the reported quarter, and the average revenue per bitcoin mined was $98.8.     IREN’s AI cloud business is expanding rapidly with more than 10,000 GPUs online or set to be commissioned in the coming months. The upcoming GPUs include next-generation liquid-cooled GB300 NVL72 systems from NVIDIA (NVDA) at the Prince George campus. Meanwhile, IREN has achieved NVIDIA Preferred Partner status. Adjusted EBITDA was $121.9 million compared with $82.9 million in the previous quarter. The adjusted EBITDA margin expanded to 65% from 57% in the previous quarter.Fourth-quarter fiscal 2025 operating expenses increased to $114 million due to overheads and depreciation costs associated with IREN’s expanded data center platform and increased expenses related to bitcoin mining and GPU hardware.IREN’s Balance Sheet DetailsIREN had $564.5 million in cash and cash equivalents as of June 30, 2025.The company, through a combination of existing cash, cash flows from operations and GPU finance, expects to fully fund expansion to 10.9k GPUs, complete Horizon 1 and energize Sweetwater 1 substations.The company has secured two tranches of financing, which have funded 100% of the purchase price ($200 million) of new GPUs at the single-digit rates with a favorable 24-36-month term.IREN Offers Positive GuidanceIREN is on track to achieve $1.25 billion in annualized revenues, with roughly $1 billion coming from bitcoin mining, and $200-$250 million from AI Cloud (by Dec. 2025). IREN expects to scale from 1.9k to 10.9k GPUs in the coming months. This includes 1.9k air-cooled H100 and H200s; 7.8k air-cooled B200 and B300s; and 1.2k liquid-cooled GB300s.IREN has been on track to install more than 60k NVIDIA Blackwell GPUs at British Columbia sites and recognizes the potential of 19k GB300s at Horizon 1.IREN continues its transition in British Columbia (160 MW) from bitcoin mining to AI, including a new liquid-cooled data center for GB300 NVL72 installations at Prince George.Zacks Rank & Stocks to ConsiderCurrently, IREN has a Zacks Rank #3 (Hold).Robinhood Markets HOOD, UBS UBS and Virtu Financial VIRT are some better-ranked stocks that investors can consider in the broader sector. Robinhood Markets, UBS and Virtu Financial sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rate for Robinhood Markets, UBS and Virtu Financial is pegged at 17.6%, 25.5% and 17.4%, respectively.Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UBS Group AG (UBS): Free Stock Analysis Report Virtu Financial, Inc. (VIRT): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report IREN Limited (IREN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks