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IREN Limited (IREN)

44.68 +3.03 (+7.27%)
At close: September 4 at 4:00:01 PM EDT
44.45 -0.23 (-0.51%)
After hours: September 4 at 7:59:55 PM EDT
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What's happening with IREN?

45m ago
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IREN is pivoting from Bitcoin mining to AI cloud services, recently securing a $2.4 billion GPU financing package. This strategic shift supports its ambitious growth plans, although the company faces significant financial challenges, including a $702.6 million net lossattributed to impairments.

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  • Previous Close 41.65
  • Open 41.02
  • Bid 23.00 x 100
  • Ask 43.88 x 1000
  • Day's Range 41.00 - 44.74
  • 52 Week Range 25.38 - 76.87
  • Volume 35,805,723
  • Avg. Volume 44,306,640
  • Market Cap (intraday) 17.607B
  • Beta (5Y Monthly) 4.28
  • PE Ratio (TTM) --
  • EPS (TTM) -2.22
  • Earnings Date (est.) Nov 5, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 77.84

IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia.

iren.com

685

Full Time Employees

June 30

Fiscal Year Ends

Capital Markets

Industry

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

IREN
18.29%
S&P 500 (^GSPC)
12.75%

1-Year Return

IREN
70.99%
S&P 500 (^GSPC)
18.71%

3-Year Return

IREN
881.98%
S&P 500 (^GSPC)
70.93%

5-Year Return

IREN
59.57%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 144.79M
Earnings -247.83M
Profit Margin -171.16%

Q1

FY26

Q2

FY26

Q3

FY26

-200M
0
200M
-100.0%
0.0%
100.0%

Analyst Insights

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Analyst Price Targets

43.00
77.84 Average
44.68 Current
131.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/2/2026
Analyst Freedom Capital Markets
Rating Action Maintains
Rating Buy
Price Action Maintains
Price Target 58 -> 58

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -99.38%

  • Return on Assets (ttm)

    -2.53%

  • Return on Equity (ttm)

    -23.41%

  • Revenue (ttm)

    707.01M

  • Net Income Avi to Common (ttm)

    -702.62M

  • Diluted EPS (ttm)

    -2.22

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    5.9B

  • Total Debt/Equity (mrq)

    187.30%

  • Levered Free Cash Flow (ttm)

    -4.22B

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