iren ltd - IREN

IREN

Close Chg Chg %
46.93 -1.81 -3.85%

Open Market

45.13

-1.81 (3.85%)

Volume: 17.15M

Last Updated:

Sep 9, 2026, 12:54 PM EDT

Company Overview: iren ltd - IREN

IREN Key Data

Open

$46.86

Day Range

45.12 - 47.30

52 Week Range

27.05 - 76.87

Market Cap

$17.58B

Shares Outstanding

393.54M

Public Float

345.29M

Beta

4.28

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$1.64

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

46.09M

 

IREN Performance

1 Week
 
5.04%
 
1 Month
 
13.82%
 
3 Months
 
-21.48%
 
1 Year
 
38.19%
 
5 Years
 
N/A
 

IREN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 17
Full Ratings ➔

About iren ltd - IREN

IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

IREN At a Glance

IREN Ltd.
55 Market Street
Sydney, New South Wales (NSW) 2000
Phone 61-2-7906-8301 Revenue 691.33M
Industry Data Processing Services Net Income -702,621,000.00
Sector Technology Services 2026 Sales Growth 39.427%
Fiscal Year-end 06 / 2027 Employees 685
View SEC Filings

IREN Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 20.911
Price to Book Ratio 4.154
Price to Cash Flow Ratio 6.88
Enterprise Value to EBITDA 385.743
Enterprise Value to Sales 21.307
Total Debt to Enterprise Value 0.532

IREN Efficiency

Revenue/Employee 1,009,236.496
Income Per Employee -1,025,724.088
Receivables Turnover 11.787
Total Asset Turnover 0.072

IREN Liquidity

Current Ratio 3.551
Quick Ratio 3.551
Cash Ratio 3.406

IREN Profitability

Gross Margin 7.795
Operating Margin -54.901
Pretax Margin -102.511
Net Margin -101.634
Return on Assets -7.338
Return on Equity -23.409
Return on Total Capital -5.843
Return on Invested Capital -9.684

IREN Capital Structure

Total Debt to Total Equity 187.297
Total Debt to Total Capital 65.193
Total Debt to Total Assets 48.879
Long-Term Debt to Equity 180.243
Long-Term Debt to Total Capital 62.737
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Iren Ltd - IREN

Collapse All in section
All values USD millions. 2023 2024 2025 2026 5-year trend
Sales/Revenue
75.51M 187.19M 495.83M 691.33M
Sales Growth
+76.35% +147.91% +164.88% +39.43%
Cost of Goods Sold (COGS) incl D&A
98.86M 186.75M 340.13M 637.44M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
30.86M 50.65M 181.14M 417.73M
Depreciation
30.86M 50.65M 181.14M 417.23M
Amortization of Intangibles
- - - 500.00K
-
COGS Growth
+240.23% +88.90% +82.13% +87.41%
Gross Income
(23.35M) 441.00K 155.71M 53.89M
Gross Income Growth
-269.70% +101.89% +35,207.48% -65.39%
Gross Profit Margin
-30.93% +0.24% +31.40% +7.80%
2023 2024 2025 2026 5-year trend
SG&A Expense
19.75M 21.48M 127.22M 423.17M
Research & Development
- - - -
-
Other SG&A
19.75M 21.48M 127.22M 423.17M
SGA Growth
+47.10% +8.76% +492.25% +232.64%
Other Operating Expense
5.32M 7.68M 5.60M 10.27M
Unusual Expense
105.17M 3.34M (65.47M) 317.84M
EBIT after Unusual Expense
(153.60M) (32.06M) 88.36M (697.39M)
Non Operating Income/Expense
480.00K 6.81M 16.18M 47.95M
Non-Operating Interest Income
924.00K 5.83M 7.50M 80.63M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
16.36M 253.00K 11.05M 59.25M
Interest Expense Growth
-94.70% -98.45% +4,265.61% +436.45%
Gross Interest Expense
17.40M 253.00K 11.05M 59.25M
Interest Capitalized
- - - 1.04M
-
Pretax Income
(169.48M) (25.50M) 93.50M (708.68M)
Pretax Income Growth
+43.97% +84.95% +466.64% -857.94%
Pretax Margin
-224.45% -13.62% +18.86% -102.51%
Income Tax
2.39M 3.45M 6.56M (6.06M)
Income Tax - Current - Domestic
- (1.01M) 1.71M 793.00K
Income Tax - Current - Foreign
- - 1.67M 4.88M
-
Income Tax - Deferred - Domestic
- 3.40M 1.74M (9.00M)
Income Tax - Deferred - Foreign
- - 4.90M (2.73M)
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(171.87M) (28.96M) 86.94M (702.62M)
Minority Interest Expense
- - - -
-
Net Income
(171.87M) (28.96M) 86.94M (702.62M)
Net Income Growth
+43.55% +83.15% +400.26% -908.16%
Net Margin Growth
-227.62% -15.47% +17.53% -101.63%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(171.87M) (28.96M) 86.94M (702.62M)
Preferred Dividends
- - - -
-
Net Income Available to Common
(171.87M) (28.96M) 86.94M (702.62M)
EPS (Basic)
-3.1377 -0.2906 0.4052 -2.2226
EPS (Basic) Growth
+57.81% +90.74% +239.44% -648.52%
Basic Shares Outstanding
54.78M 99.64M 214.59M 316.12M
EPS (Diluted)
-3.1377 -0.2906 0.3894 -2.2226
EPS (Diluted) Growth
+57.81% +90.74% +234.00% -670.78%
Diluted Shares Outstanding
54.78M 99.64M 223.25M 316.12M
EBITDA
(17.57M) 21.93M 204.03M 38.19M
EBITDA Growth
-395.32% +224.80% +830.47% -81.28%
EBITDA Margin
-23.27% +11.71% +41.15% +5.52%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 82.80
Number of Ratings 17 Current Quarters Estimate -0.732
FY Report Date 09 / 2026 Current Year's Estimate -1.513
Last Quarter’s Earnings -1.89 Median PE on CY Estimate N/A
Year Ago Earnings -2.148 Next Fiscal Year Estimate 1.141
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 11 10 14 12
Mean Estimate -0.73 -0.59 -1.51 1.14
High Estimates -0.04 0.45 2.89 8.47
Low Estimate -2.02 -1.41 -4.01 -2.58
Coefficient of Variance -79.51 -78.46 -111.02 317.83

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 12 12 10
OVERWEIGHT 1 2 2
HOLD 3 3 4
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Iren Ltd - IREN

Date Name Shares Transaction Value
Oct 16, 2025 William Roberts Co-Chief Executive Officer; Director 13,989,696 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $33.13 per share 463,478,628.48

Iren Ltd in the News