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IREN Limited (IREN)

28.84 +1.40 (+5.10%)
At close: October 28 at 4:00:01 PM EDT
27.31 -1.53 (-5.31%)
Pre-Market: 4:08:35 AM EDT
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What's happening with IREN?

5m ago
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IREN’s latest developments center on a $363 million asset-backed refinancingfor deployed artificial-intelligence computing equipment. The financing supports expansion without an immediate equity issuance, while renewed concerns about neocloud funding and high capital spending continue to shape the outlook.

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  • Previous Close 27.44
  • Open 28.09
  • Bid 26.01 x 200
  • Ask 30.24 x 200
  • Day's Range 26.88 - 28.88
  • 52 Week Range 23.72 - 76.87
  • Volume 54,967,477
  • Avg. Volume 46,205,224
  • Market Cap (intraday) 11.669B
  • Beta (5Y Monthly) 4.27
  • PE Ratio (TTM) --
  • EPS (TTM) -2.22
  • Earnings Date Nov 5, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 76.92
  • Morningstar Rating Rating available with Stock Picks access

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 10/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

IREN
23.64%
S&P 500 (^GSPC)
13.13%

1-Year Return

IREN
53.80%
S&P 500 (^GSPC)
12.38%

3-Year Return

IREN
801.25%
S&P 500 (^GSPC)
88.08%

5-Year Return

IREN
3.00%
S&P 500 (^GSPC)
68.48%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY26
Revenue 137.2M
Earnings -684M
Profit Margin -498.54%

Q1

FY26

Q2

FY26

Q3

FY26

Q4

FY26

-600M
-400M
-200M
0
200M
-400.0%
-200.0%
0.0%

Analyst Insights

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Analyst Price Targets

37.00
76.92 Average
28.84 Current
139.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/29/2026
Analyst B. Riley Securities
Rating Action Maintains
Rating Buy
Price Action Lowers
Price Target 96 -> 91

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • 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

Company Insights

Research Reports

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