IREN Limited (IREN) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

44/ 100

GoAI Score

Hold

Valuation

73

Undervalued

Sentiment

66

Bullish

Risk

83

Extreme Risk

Momentum

25

Weakening

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Company profile

Company website

IREN Limited, established in 2018 and based in Sydney, Australia, operates a comprehensive, vertically integrated data center business spanning Australia and Canada. The company possesses and manages all essential infrastructure, including its computing hardware, electrical systems, and the data center facilities themselves. A primary undertaking for IREN Limited is the mining of Bitcoin, a scarce digital asset created and exchanged via a decentralized, peer-to-peer computer network utilizing specialized Bitcoin software. The company was previously named Iris Energy Limited, officially adopting IREN Limited in November 2024.

Industry: Information Technology Services
Sector: Technology
Headquarters: AU
CEO: William Roberts
Listed since: Nov 17, 2021
Employees: 685

Market position

Day range

Current $43.83

$43.28$45.09

52-week range

Current $43.83

$28.93$76.87

Open: $44.62
Previous close: $43.64
Volume: 28.68M; 0.6× average
Average volume: 47.7M; Average daily volume
Market cap: 15.64B USD
Beta: 4.29; Market reference 1
50-day average: $40.1757; +9.10% above average
200-day average: $45.6569; -4.00% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 16.4B USD
P/E (TTM): -24.08×
P/B (TTM): 3.79×
P/S (TTM): 22.12×
EV / EBITDA: 472.63×
Earnings yield: -4.86%
Free cash flow yield: -15.44%
Dividend yield: 0.00%

Profitability & efficiency

Gross margin: 68.93%
Operating margin: -148.05%
Net margin: -99.38%
Return on equity: -16.79%
Return on assets: -4.45%
Return on invested capital: -7.48%

Financial health

Debt / equity: 1.87×
Current ratio: 3.55×
Altman Z-score: 1.2
Piotroski F-score: 3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

707M USD+41.11%

Operating income

−1.05B USD−1.07B USD

Net income

−702.6M USD−789.54M USD

Financial statements: Income statement
Metric (USD)	FY2026	FY2025	FY2024	FY2023	FY2022
Revenue	707M USD	501.02M USD	187.19M USD	75.51M USD	59.04M USD
Cost of goods sold	219.7M USD	158.99M USD	105.07M USD	54.39M USD	7.45M USD
Gross profit	487.3M USD	342.03M USD	82.12M USD	21.12M USD	51.59M USD
Selling, general, and administrative	449.1M USD	127.22M USD	50.03M USD	33.18M USD	26.07M USD
Operating expenses	1.53B USD	319.91M USD	109.4M USD	69.68M USD	51.13M USD
Interest income	80.63M USD	7.5M USD	5.83M USD	924K USD	79K USD
Interest expense	59.25M USD	11.05M USD	98K USD	16.21M USD	425.44M USD
Depreciation and amortization	417.7M USD	181.14M USD	50.47M USD	30.67M USD	7.74M USD
Operating income	−1.05B USD	22.12M USD	−27.28M USD	−48.56M USD	462K USD
Net income	−702.6M USD	86.94M USD	−28.92M USD	−171.83M USD	−419.77M USD

Company facts updated Sep 13, 2026.

Earnings

EPS beat rate: 36%; 4 beats, 7 misses, 0 met estimates
Average EPS surprise: -94.19%; 11 comparable reports
Latest EPS result: -1.89; Estimate -0.55 · Miss by 243.06%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: -2.22; FY2026 · -669.23% year over year
Latest fiscal-year revenue: 707M USD; FY2026 · +41.11% year over year
Next fiscal-year EPS consensus: -1.51; FY2027 · 5 analysts
Next fiscal-year revenue consensus: 2.82B USD; FY2027 · 11 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

15 ratings

Strong buy00%

Buy1173%

Hold320%

Sell17%

Strong sell00%

Recent analyst actions

12 institutions

Freedom BrokerupgradeHoldBuyJul 6, 2026

IREN news

247wallst.comSep 11, 2026

Bitcoin Miners Are Turning Into AI Landlords. These 3 Stocks Are Riding the Pivot

Former Bitcoin miners are quietly signing billion-dollar contracts with hyperscalers and frontier AI labs, and the reason has nothing to do with GPUs. Three mid-cap stocks are racing to claim the one bottleneck even…

Read source

fool.comSep 10, 2026

Iren's Sweetwater Announcement Hints at a Larger Gigawatt Pipeline Than the Public Number

Iren may have multiple gigawatts in its control that investors do not know about.

Read source

defenseworld.netSep 10, 2026

Arlington Capital Management Inc. Sells 94,760 Shares of IREN Limited $IREN

Arlington Capital Management Inc. reduced its stake in shares of IREN Limited (NASDAQ: IREN) by 94.3% during the undefined quarter, according to the company in its most recent 13F filing with the SEC. The institutional…

Read source

fool.comSep 9, 2026

Is Iren Stock a Buy Now?

Iren is transitioning away from Bitcoin mining to AI cloud services. The company is expanding its workforce and saw AI cloud services revenue rise from $16.4 million in 2025 to $128.8 million in 2026.

Read source

247wallst.comSep 9, 2026

Could IREN Become the Next Nvidia-Backed AI Winner?

A former Bitcoin miner now holds billions in contracted AI cloud revenue and a direct NVIDIA investment commitment, but the path to capturing that upside runs through one of the most ambitious infrastructure buildouts in…

Read source

247wallst.comSep 9, 2026

Pure-Play AI Cloud vs. Energy-Driven Infrastructure: Nebius Scale Meets IREN Limited's Efficiency

Two AI infrastructure companies just reported earnings with the same tailwind behind them and completely opposite strategies in front of them, and only one of those playbooks survives a construction delay or a GPU slip.

Read source