Financial Performance - Revenue reached $147.5 million, representing a 5.3% year-over-year growth[12, 38] - Adjusted EBITDA margin expanded by 140 bps year-over-year to 31.5%[13] - Pro Forma Last Twelve Months (LTM) Revenue was $585.1 million, with a 7.6% year-over-year growth[14] - Pro Forma annualized Total Payments Volume (TPV) is estimated at $13.0 billion[14] - Levered Free Cash Flow (LFCF) for Q3 2025 was $23.3 million[46] - Adjusted Unlevered Free Cash Flow (aUFCF) for Q3 2025 was $32.3 million, a 8.8% year-over-year decline[45] Customer Growth and Cross-Selling - 276,000 total customers are enabled with more than one solution, a 33% year-over-year increase[17, 18] - 116,000 customers actively utilize more than one solution, reflecting a 32% year-over-year growth[17, 18] Payments and Acquisitions - Payments revenue grew by 6.0% year-over-year, driven by Total Payments Volume (TPV) growth[13, 21] - The company closed the acquisition of AI agent ZyraTalk, an AI agentic platform[13] Outlook - Q4 2025 revenue is projected to be between $148 million and $152 million[49] - Q4 2025 Adjusted EBITDA is expected to be between $39.5 million and $41.5 million[49] - Full year 2025 revenue is guided to be between $584 million and $592 million[49] - Full year 2025 Adjusted EBITDA is guided to be between $174.5 million and $179.5 million[49]

DISCLAIMER Q1 FY26 Results Presentation NASDAQ: IREN November 6, 2025 Forward-Looking Statements These and other important factors could cause actual results to differ materially by the forward-looking statements made in this investor update. Any forward-looking statement that IREN makes in this investor update speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward- look ...

Q3 2025 Financial Performance - Revenue increased to $269 million, a $8 million or 3% increase compared to Q3 2024[8] - Gross profit increased to $68 million, a $23 million or 51% increase compared to Q3 2024[8, 10] - Operational EBITDA significantly increased by $28 million to $29 million, a 2800% increase compared to Q3 2024[10] - Adjusted Operational EBITDA increased by $24 million to $27 million, an 800% increase compared to Q3 2024[10] YTD September 2025 Financial Performance - Revenue increased slightly to $779 million, a $2 million or 0% increase compared to YTD 2024[12] - Gross profit increased to $165 million, a $13 million or 9% increase compared to YTD 2024[12] - Operational EBITDA increased by $23 million to $40 million, a 135% increase compared to YTD 2024[12] - Adjusted Operational EBITDA increased by $21 million to $39 million, a 117% increase compared to YTD 2024[12] Advanced Materials and Chemicals (AM&C) - AM&C revenue increased by 15% compared to the prior year quarter[9] Kodak U.S. Retirement Income Plan - Expected proceeds from reversion increased from $500 million to $600 million, consisting of approximately $450 million in cash and $150 million in hedge funds[8]

Financial Performance - The company's trailing twelve months (TTM) revenue is $2528 billion[7] - The company's TTM free cash flow (FCF) is $916 million[7] - The company's TTM non-GAAP gross margin is 824%[8] - The company's TTM non-GAAP operating margin is 403%[8] - The company's TTM non-GAAP EPS growth is 263%[8] User Base - The company has over 700 million registered users[36] - The company has 1807 million paying users as of September 30, 2025[8, 36] - The company's ARPU (Average Revenue Per User) is $13907[36] - The company has approximately 575K paying teams[36] Future Guidance - The company expects Q4 2025 GAAP revenue to be between $626 million and $629 million[94] - The company expects fiscal year 2025 GAAP revenue to be between $2511 billion and $2514 billion[94] - The company anticipates a non-GAAP operating margin of approximately 370% for Q4 2025 and approximately 400% for fiscal year 2025[94]

EARNINGS PRESENTATION THIRD QUARTER 2025 November 6, 2025 LEGAL DISCLAIMERS Forward-Looking Information This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Alta's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budge ...

Q3 2025 Financial Performance - Total revenue for Q3 2025 reached $45.9 million, exceeding the guidance of $40 million - $43 million[6] - Adjusted EBITDA for Q3 2025 was $5.8 million, also surpassing the guidance of $4 million - $5 million[6] - The implied margin was 12.5%, higher than the guided range of 10-12%[6] - Strong FWA revenue reached $17.7 million, representing an 81% year-over-year growth compared to Q3 2024[8] - Software Services & Other Revenue contributed $12.2 million, accounting for 27% of the total revenue[8] - Non-GAAP Gross Margin was 41.8%, a 700 bps increase compared to Q3 2024[8] - The company closed Q3 2025 with a cash position of $14.6 million, a sequential increase of $1.3 million[8] Business Development and Strategy - A new Tier-1 U S carrier customer was secured for both mobile and FWA next-generation products, with FWA shipments expected in late Q4 2025 and mobile shipments in Q1 2026[9] - The company paid off the remaining $15 million on convertible notes on May 1, 2025[27]

Financial Performance - Third quarter revenue reached $392.2 million, a 7% sequential increase and a 12% year-over-year increase[23, 30] - GAAP gross profit was $120.5 million, with a GAAP gross margin of 30.7%[23, 31] - Non-GAAP earnings per share (EPS) was $0.37, a 15.6% sequential increase[23, 31] - Cash flow from operations was $79.1 million, representing 20.2% of revenue[23] Balance Sheet and Cash Flow - The company holds a strong balance sheet with $392 million in cash and cash equivalents, and $58 million in total debt[21, 23] - Free cash flow per share was $1.35 for the third quarter and $4.02 for the trailing twelve months[21] Future Outlook - Fourth quarter revenue is projected to be approximately $380 million, plus or minus 3%, representing a 12% year-over-year growth at the mid-point[3, 33] - GAAP gross margin for the fourth quarter is expected to be 31.0%, plus or minus 1%[3, 33] - Non-GAAP operating expenses are expected to be approximately 27.0% of revenue, plus or minus 1%[3, 33] Strategic Goals - The company's next strategic goal is to achieve $1 billion in gross profit[8, 35] - The company aims for profitability growth to drive 20%+ operating profit[35] - Automotive and industrial sectors accounted for approximately 41% and 59% of revenue in Q3 2025, respectively[13]

Financial Performance - Net income reached $25.4 million, a 60.6% increase from $15.8 million in 3Q24[8] - Core net income increased by 58.9% to $26.9 million, compared to $16.9 million in 3Q24[8] - Diluted EPS rose to $0.65, up from $0.44 per share in 3Q24[8] - Core diluted EPS increased to $0.69, up from $0.47 per share in 3Q24[8] Loan Production and Portfolio - Loan production hit a new record of $739.0 million, a 55.0% increase from 3Q24[6] - The total loan portfolio reached $6.3 billion in UPB as of September 30, 2025, a 32.0% increase from $4.8 billion in UPB as of September 30, 2024[6] - Portfolio net interest margin (NIM) for 3Q25 was 3.65%, an increase of 5 bps from 3.60% for 3Q24[8] - The UPB of fair value option (FVO) loans was $4.2 billion, or 66.3% of total loans, as of September 30, 2025, an increase from $2.2 billion in UPB, or 47.1% as of September 30, 2024[19] Asset Quality and Resolution - Nonperforming loans (NPL) as a % of HFI loans decreased to 9.8%, down from 10.6% as of September 30, 2024[6] - 3Q25 NPA resolutions realized gains of $2.8 million, or 102.6%, of UPB resolved[6] - NPA resolutions totaled $108.0 million in UPB, realizing 102.6% of UPB resolved, compared to $68.6 million in UPB and realization of 103.4% of UPB resolved for 3Q24[33] Financing and Capital - Completed the 1st single counterparty securitization totaling $190.9 million of securities issued with a large money manager in July, in addition to the VCC 2025-4 securitization totaling $457.5 million of securities issued[6,9] - Liquidity of $143.5 million, consisting of $99.0 million in unrestricted cash and $44.5 million in available borrowings from unpledged loans[9] - Total available warehouse line capacity of $600.3 million[9]

Q3 EARNINGS PRESENTATION NOVEMBER 6, 2025 DISCLAIMER 6 February 2023 Forward -Looking Statements Please note that in this presentation we may use words such as "appears," "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events ...

FY Q1 2026 Earnings Supplement November 6, 2025 Safe Harbor Statement/Use of Non-GAAP Financial Measures Cautionary Note About Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including stat ...