IREN IREN Limited - Ordinary Shares

NASDAQ · Technology · View on SEC EDGAR ↗
$49.17
Price · May 20, 2026
Fundamentals as of May 8, 2026
52W Range
$8–$77
60% of range
Analyst Rating
BUY
23 analysts
Price Target
$74
+51% upside
P/E (TTM)
37.4
ROE
5.7%
Net Profit Margin
17.3%

IREN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$49.17
Market Cap
$3.75B
P/E (TTM)
37.4
EPS (TTM)
$0.39
Revenue (TTM)
$501M
Div Yield
—
ROE
5.7%
Debt/Equity
—
52W Range
$8 – $77

IREN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $501M
3-point trend, +563.5%
2023-06-30 → 2025-06-30
EPS $0.39
3-point trend, +112.4%
2023-06-30 → 2025-06-30
Free Cash Flow $-328M
2025-06-30 → 2025-06-30
Margins 17.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
IREN
Peer Median
P/E (TTM)
37.4
23.6
P/S (TTM)
7.5
12.9
P/B
2.1
23.4
Price / FCF
-11.4
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
IREN
Peer Median
Operating Margin
3.5%
—
Net Profit Margin
17.3%
36.4%
ROA
4.2%
7.9%
ROE
5.7%
7.2%
ROIC
0.89%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
IREN
Peer Median
Current Ratio
4.3
3.4
Quick Ratio
3.8
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
IREN
Peer Median
Revenue YoY
3-point trend, +563.5%
167.7%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
IREN
Peer Median
EPS (Diluted)
3-point trend, +112.4%
$0.39
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
IREN
Peer Median

IREN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 23 analysts
  • Strong Buy 6 26.1%
  • Buy 11 47.8%
  • Hold 5 21.7%
  • Sell 1 4.3%
  • Strong Sell 0 0.0%

12-Month Price Target

14 analysts · 2026-05-15
Median target $78.50 +59.7%
Mean target $74.07 +50.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.16%
Period EPS Actual EPS Est Surprise
March 31, 2026 $-0.74 $-0.19 -0.55%
Dec. 31, 2025 $-0.15 $-0.11 -0.04%
Sept. 30, 2025 $1.08 $0.16 0.92%
June 30, 2025 $0.66 $0.16 0.50%
March 31, 2025 $0.11 $0.14 -0.03%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
IREN $3.75B 37.4 167.7% 17.3% 5.7% —
TEAM — -207.2 19.7% -4.9% -20.0% 82.8%
BRAI — — — — — —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for IREN
Metric Trend 20252024
Revenue 2-point trend, +167.7% $501M $187M
Cost of Revenue 2-point trend, +82.6% $159M $87M
SG&A Expense 2-point trend, +93.8% $136M $70M
Operating Income 2-point trend, +163.6% $17M $-27M
Interest Income 2-point trend, +28.7% $8M $6M
Other Non-op 2-point trend, +656.5% $817.0K $108.0K
Pretax Income 2-point trend, +467.1% $94M $-25M
Income Tax 2-point trend, +90.0% $7M $3M
Net Income 2-point trend, +400.6% $87M $-29M
EPS (Basic) 2-point trend, +241.4% $0.41 $-0.29
EPS (Diluted) 2-point trend, +234.5% $0.39 $-0.29
Shares (Basic) 2-point trend, +115.4% 214,586,767 99,640,920
Shares (Diluted) 2-point trend, +124.1% 223,245,651 99,640,920
EBITDA $198M ·
Balance Sheet 24
Annual Balance Sheet data for IREN
Metric Trend 20252024
Cash & Equivalents 2-point trend, +39.5% $565M $405M
Short-term Investments 2-point trend, -100.0% $0 $7M
Receivables 2-point trend, +928.9% $2M $152.0K
Prepaid Expense 2-point trend, +286.2% $46M $12M
Current Assets 2-point trend, +41.7% $641M $452M
PP&E (Net) 2-point trend, +337.4% $1.93B $441M
PP&E (Gross) 2-point trend, +292.6% $2.11B $538M
Accum. Depreciation 2-point trend, +155.1% $181M $71M
Intangibles $0 ·
Other Non-current Assets 2-point trend, +13.8% $486.0K $427.0K
Total Assets 2-point trend, +155.1% $2.94B $1.15B
Accounts Payable 2-point trend, +198.9% $82M $27M
Accrued Liabilities 2-point trend, +861.4% $42M $4M
Current Liabilities 2-point trend, +192.4% $149M $51M
Capital Leases 2-point trend, +3.0% $1M $1M
Deferred Tax 2-point trend, +155.1% $8M $3M
Other Non-current Liabilities 2-point trend, +100.0% $234.0K $117.0K
Total Liabilities 2-point trend, +1928.8% $1.12B $55M
Paid-in Capital 2-point trend, +72.9% $89M $51M
Retained Earnings 2-point trend, +12.7% $-596M $-683M
AOCI 2-point trend, +14.1% $-30M $-35M
Stockholders' Equity 2-point trend, +65.6% $1.82B $1.10B
Liabilities + Equity 2-point trend, +155.1% $2.94B $1.15B
Shares Outstanding 2-point trend, +38.0% 257,211,899 186,367,686
Cash Flow 11
Annual Cash Flow data for IREN
Metric Trend 20252024
D&A 2-point trend, +258.9% $181M $50M
Stock-based Comp 2-point trend, +80.4% $43M $24M
Deferred Tax 2-point trend, +186.3% $5M $2M
Other Non-cash $-70M ·
Operating Cash Flow 2-point trend, +370.9% $246M $52M
CapEx 2-point trend, +304.3% $573M $142M
Investing Cash Flow 2-point trend, -176.9% $-1.38B $-498M
Net Debt Issued $0 ·
Financing Cash Flow 2-point trend, +65.4% $1.29B $783M
Taxes Paid 2-point trend, -100.0% $0 $1M
Free Cash Flow $-328M ·
Profitability 7
Annual Profitability data for IREN
Metric Trend 20252024
Operating Margin 3.5% ·
Net Margin 17.3% ·
Pretax Margin 18.7% ·
EBITDA Margin 39.6% ·
ROA 4.2% ·
ROE 5.7% ·
ROIC 0.89% ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for IREN
Metric Trend 20252024
Current Ratio 4.3 ·
Quick Ratio 3.8 ·
Efficiency 2
Annual Efficiency data for IREN
Metric Trend 20252024
Asset Turnover 0.2 ·
Receivables Turnover 583.9 ·
Per Share 6
Annual Per Share data for IREN
Metric Trend 20252024
Book Value / Share $7.07 ·
Revenue / Share $2.24 ·
Cash Flow / Share $1.10 ·
Cash / Share $2.19 ·
Dividend / Share Flat — no change across 2 periods $0 $0
EPS (TTM) $0.39 ·
Growth Rates 1
Annual Growth Rates data for IREN
Metric Trend 20252024
Revenue YoY 2-point trend, +13.3% 167.7% 147.9%
Valuation (TTM) 10
Annual Valuation (TTM) data for IREN
Metric Trend 20252024
Revenue TTM $501M ·
Net Income TTM $87M ·
Market Cap $3.75B ·
P/E 37.4 ·
P/S 7.5 ·
P/B 2.1 ·
P / Tangible Book 2.1 ·
P / Cash Flow 15.2 ·
P / FCF -11.4 ·
Earnings Yield 2.7% ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-06-302024-06-302023-06-30
Revenue $501M$187M$76M
Operating Margin % 3.5%——
Net Income $87M$-29M$-172M
Diluted EPS $0.39$-0.29$-3.14
Balance Sheet
2025-06-302024-06-302023-06-30
Current Ratio 4.3——
Quick Ratio 3.8——
Cash Flow
2025-06-302024-06-302023-06-30
Free Cash Flow $-328M——

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