Symbols / IREN Stock $61.86 -5.53% IREN Limited

Financial Services • Capital Markets • Australia • NMS
IREN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. William Roberts
Exch · Country NMS · Australia
Market Cap 22.11B
Enterprise Value 25.15B
Income 158.05M
Sales 757.07M
FCF (ttm) -2.31B
Book/sh 7.57
Cash/sh 6.19
Employees 257
Insider 10d —
IPO Nov 17, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 80.34
Forward P/E -65.81
PEG 3.11
P/S 29.20
P/B 8.17
P/C —
EV/EBITDA 170.90
EV/Sales 33.22
Quick Ratio 3.50
Current Ratio 3.72
Debt/Eq 148.80
LT Debt/Eq —
EPS (ttm) 0.77
EPS next Y -0.94
EPS Growth —
Revenue Growth -0.00%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-27
Earnings (prior) 2026-05-08
ROA -3.00%
ROE 7.73%
ROIC —
Gross Margin 68.40%
Oper. Margin -64.47%
Profit Margin 20.88%
Shs Outstand 357.38M
Shs Float 327.86M
Insider Own 3.52%
Instit Own 48.79%
Short Float 14.72%
Short Ratio 1.02
Short Interest 50.94M
52W High 76.87
vs 52W High -19.53%
52W Low 8.82
vs 52W Low 601.36%
Beta 4.18
Impl. Vol. 83.74%
Rel Volume 1.04
Avg Volume 42.45M
Volume 43.95M
Target (mean) $80.49
Tgt Median $82.50
Tgt Low $41.00
Tgt High $126.00
# Analysts 14
Recom Buy
Prev Close $65.48
Price $61.86
Change -5.53%
About

IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$80.49
Mean price target
2. Current target
$61.86
Latest analyst target
3. DCF / Fair value
$-116.40
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$61.86
Low
$41.00
High
$126.00
Mean
$80.49

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-04 main Macquarie Outperform → Outperform $90
2026-06-04 main B. Riley Securities Buy → Buy $96
2026-06-03 main Canaccord Genuity Buy → Buy $79
2026-05-28 main Cantor Fitzgerald Overweight → Overweight $99
2026-05-27 main B. Riley Securities Buy → Buy $88
2026-05-11 main Macquarie Outperform → Outperform $90
2026-05-11 main JP Morgan Underweight → Underweight $46
2026-05-08 main HC Wainwright & Co. Buy → Buy $85
2026-05-08 main BTIG Buy → Buy $80
2026-04-09 main Cantor Fitzgerald Overweight → Overweight $61
2026-02-10 main Canaccord Genuity Buy → Buy $70
2026-02-06 main Macquarie Outperform → Outperform $70
2026-02-06 main Cantor Fitzgerald Overweight → Overweight $82
2026-01-13 up HC Wainwright & Co. Sell → Buy $80
2025-12-18 init Goldman Sachs — → Neutral $39
2025-11-24 main JP Morgan Underweight → Underweight $39
2025-11-19 init Citizens — → Market Outperform $80
2025-11-10 main Canaccord Genuity Buy → Buy $70
2025-11-07 main HC Wainwright & Co. Sell → Sell $56
2025-11-07 main Cantor Fitzgerald Overweight → Overweight $136
News
RSS: Latest IREN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-09-11 ROBERTS WILLIAM GREGORY Chief Executive Officer — 1,000,000 $33.13 $33,131,000
2025-09-11 ROBERTS DANIEL JOHN Chief Executive Officer — 1,000,000 $33.13 $33,131,000
2025-07-01 ROBERTS WILLIAM GREGORY Chief Executive Officer — 1,793,392 $0.00 $0
2025-07-01 NUCIFORA BELINDA Chief Financial Officer — 63,910 $0.00 $0
2025-07-01 ROBERTS DANIEL JOHN Chief Executive Officer — 1,793,392 $0.00 $0
2025-07-01 BARTHOLOMEW DAVID JAMES Director — 48,960 $0.00 $0
2025-07-01 ALFRED MICHAEL Director — 39,168 $0.00 $0
2025-07-01 PARASURAMAN SUNITA Director — 39,168 $0.00 $0
2025-07-01 GUZOWSKI CHRISTOPHER Director — 39,168 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total Revenue
501.02
+167.65%
187.19
+147.91%
75.51
+27.90%
59.04
Operating Revenue
501.02
+167.65%
187.19
+147.91%
75.51
+27.90%
59.04
Cost Of Revenue
158.99
+51.31%
105.07
+93.19%
54.39
+630.24%
7.45
Reconciled Cost Of Revenue
158.99
+51.31%
105.07
+93.19%
54.39
+630.24%
7.45
Gross Profit
342.03
+316.51%
82.12
+288.80%
21.12
-59.06%
51.59
Operating Expense
319.91
+192.43%
109.39
+57.00%
69.68
+36.29%
51.13
Selling General And Administration
127.22
+154.29%
50.03
+50.76%
33.18
+27.27%
26.07
Selling And Marketing Expense
2.88
+40.61%
2.05
+186.45%
0.72
+134.75%
0.30
General And Administrative Expense
124.33
+159.15%
47.98
+47.77%
32.47
+26.00%
25.77
Salaries And Wages
70.17
+68.52%
41.64
+42.01%
29.32
+111.03%
13.90
Other Gand A
36.05
+108.32%
17.31
+39.30%
12.42
+82.52%
6.81
Other Operating Expenses
2.31
-64.43%
6.51
+30.92%
4.97
-66.51%
14.84
Total Expenses
478.90
+123.30%
214.47
+72.87%
124.07
+111.81%
58.58
Operating Income
22.12
+181.10%
-27.28
+43.83%
-48.56
-10610.39%
0.46
Total Operating Income As Reported
17.33
+163.62%
-27.23
+82.68%
-157.24
-51318.57%
0.31
EBITDA
285.68
+1038.13%
25.10
+120.48%
-122.56
-859.53%
16.14
Normalized EBITDA
211.58
+626.28%
29.13
+310.73%
-13.82
-266.67%
8.29
Reconciled Depreciation
181.14
+258.90%
50.47
+64.54%
30.67
+296.24%
7.74
EBIT
104.55
+512.10%
-25.37
+83.44%
-153.23
-1925.25%
8.39
Total Unusual Items
74.10
+1938.33%
-4.03
+96.29%
-108.73
-1486.55%
7.84
Total Unusual Items Excluding Goodwill
74.10
+1938.33%
-4.03
+96.29%
-108.73
-1486.55%
7.84
Special Income Charges
4.30
+9897.67%
0.04
+100.04%
-108.54
-64895.21%
-0.17
Other Special Charges
-9.07
—
—
0.46
Impairment Of Capital Assets
7.22
0.00
-100.00%
104.09
0.00
Write Off
1.55
0.00
-100.00%
1.08
+549.10%
0.17
Net Income
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Pretax Income
93.50
+467.15%
-25.47
+84.97%
-169.44
+59.37%
-417.05
Net Non Operating Interest Income Expense
-3.54
-161.77%
5.73
+137.51%
-15.28
+96.41%
-425.36
Interest Expense Non Operating
11.04
+11170.41%
0.10
-99.40%
16.21
-96.19%
425.44
Net Interest Income
-3.54
-161.77%
5.73
+137.51%
-15.28
+96.41%
-425.36
Interest Expense
11.04
+11170.41%
0.10
-99.40%
16.21
-96.19%
425.44
Interest Income Non Operating
7.50
+28.69%
5.83
+531.06%
0.92
+1069.62%
0.08
Interest Income
7.50
+28.69%
5.83
+531.06%
0.92
+1069.62%
0.08
Other Income Expense
74.92
+2009.76%
-3.92
+96.28%
-105.60
-1444.49%
7.85
Other Non Operating Income Expenses
0.82
+656.48%
0.11
-96.56%
3.14
+26041.67%
0.01
Gain On Sale Of Security
69.80
+1813.40%
-4.07
-2032.98%
-0.19
-102.38%
8.01
Gain On Sale Of Business
0.00
0.00
-100.00%
3.26
0.00
Tax Provision
6.56
+89.98%
3.45
+44.48%
2.39
-12.26%
2.72
Tax Rate For Calcs
0.00
-76.67%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
5.19
+528.94%
-1.21
+96.29%
-32.62
-1486.55%
2.35
Net Income Including Noncontrolling Interests
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Net Income From Continuing Operation Net Minority Interest
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Net Income From Continuing And Discontinued Operation
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Net Income Continuous Operations
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Normalized Income
18.03
+169.07%
-26.10
+72.73%
-95.71
+77.49%
-425.26
Net Income Common Stockholders
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
0.39
+234.48%
-0.29
+90.76%
-3.14
+69.37%
-10.25
Basic EPS
0.41
+241.38%
-0.29
+90.76%
-3.14
+69.37%
-10.25
Basic Average Shares
214.59
+115.36%
99.64
+81.91%
54.78
+33.79%
40.94
Diluted Average Shares
223.25
+124.05%
99.64
+81.91%
54.78
+33.79%
40.94
Diluted NI Availto Com Stockholders
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Depreciation Amortization Depletion Income Statement
181.14
+258.90%
50.47
+64.54%
30.67
+296.24%
7.74
Depreciation And Amortization In Income Statement
181.14
+258.90%
50.47
+64.54%
30.67
+296.24%
7.74
Depreciation Income Statement
—
50.65
+64.15%
30.86
+298.60%
7.74
Gain On Sale Of PPE
4.00
+9206.98%
0.04
+100.65%
-6.63
0.00
Insurance And Claims
18.10
+157.39%
7.03
+23.67%
5.69
+12.28%
5.07
Other Taxes
9.24
+286.74%
2.39
+180.52%
0.85
-65.49%
2.47
Rent And Landing Fees
—
—
0.77
+336.72%
0.18
Rent Expense Supplemental
—
—
0.77
+336.72%
0.18
Total Other Finance Cost
—
—
1.04
-58.61%
2.51
Line Item Trend 2023-06-30
Total Assets
332.07
Current Assets
89.23
Cash Cash Equivalents And Short Term Investments
68.89
Cash And Cash Equivalents
68.89
Cash Equivalents
30.24
Cash Financial
38.66
Other Short Term Investments
0.00
Receivables
6.54
Accounts Receivable
0.00
Other Receivables
1.68
Taxes Receivable
4.87
Accrued Interest Receivable
0.00
Loans Receivable
0.00
Prepaid Assets
13.79
Restricted Cash
—
Hedging Assets Current
—
Other Current Assets
—
Total Non Current Assets
242.84
Net PPE
242.54
Gross PPE
290.22
Accumulated Depreciation
-47.67
Properties
0.00
Land And Improvements
1.80
Buildings And Improvements
153.10
Machinery Furniture Equipment
119.17
Construction In Progress
14.49
Other Properties
115.02
Leases
1.65
Goodwill And Other Intangible Assets
0.00
Goodwill
0.00
Investments And Advances
—
Non Current Deferred Assets
0.01
Non Current Deferred Taxes Assets
0.01
Non Current Prepaid Assets
0.00
Other Non Current Assets
0.29
Total Liabilities Net Minority Interest
26.71
Current Liabilities
24.00
Payables And Accrued Expenses
22.85
Payables
19.95
Accounts Payable
11.54
Other Payable
2.21
Current Accrued Expenses
2.89
Employee Benefits
0.09
Pensionand Other Post Retirement Benefit Plans Current
0.96
Total Tax Payable
8.41
Income Tax Payable
0.03
Current Debt And Capital Lease Obligation
0.19
Current Debt
—
Other Current Borrowings
—
Current Capital Lease Obligation
0.19
Current Deferred Liabilities
0.00
Current Deferred Revenue
0.00
Other Current Liabilities
—
Total Non Current Liabilities Net Minority Interest
2.71
Long Term Debt And Capital Lease Obligation
1.26
Long Term Debt
—
Long Term Capital Lease Obligation
1.26
Tradeand Other Payables Non Current
—
Non Current Deferred Liabilities
1.36
Non Current Deferred Taxes Liabilities
1.36
Other Non Current Liabilities
—
Stockholders Equity
305.36
Common Stock Equity
305.36
Capital Stock
965.86
Common Stock
965.86
Share Issued
64.75
Ordinary Shares Number
64.75
Treasury Shares Number
0.00
Additional Paid In Capital
—
Retained Earnings
-654.28
Gains Losses Not Affecting Retained Earnings
-34.66
Other Equity Adjustments
—
Total Equity Gross Minority Interest
305.36
Total Capitalization
305.36
Working Capital
65.23
Invested Capital
305.36
Total Debt
1.45
Net Debt
—
Capital Lease Obligations
1.45
Net Tangible Assets
305.36
Tangible Book Value
305.36
Current Notes Payable
—
Current Provisions
6.17
Financial Assets
—
Foreign Currency Translation Adjustments
-34.66
Investmentin Financial Assets
—
Other Equity Interest
28.43
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Operating Cash Flow
245.89
+370.87%
52.22
+811.49%
5.73
+115.29%
-37.48
Cash Flow From Continuing Operating Activities
245.89
+370.87%
52.22
+811.49%
5.73
+115.29%
-37.48
Net Income From Continuing Operations
86.94
+400.63%
-28.92
+83.17%
-171.83
+59.07%
-419.77
Depreciation Amortization Depletion
181.14
+258.90%
50.47
+64.54%
30.67
+296.24%
7.74
Depreciation
181.14
+258.90%
50.47
+64.54%
30.67
+296.24%
7.74
Depreciation And Amortization
181.14
+258.90%
50.47
+64.54%
30.67
+296.24%
7.74
Other Non Cash Items
13.80
+12875.00%
-0.11
-101.18%
9.12
+135.68%
-25.57
Stock Based Compensation
42.64
+80.41%
23.64
+64.64%
14.36
+3.31%
13.90
Asset Impairment Charge
9.38
0.00
-100.00%
105.17
+62877.25%
0.17
Operating Gains Losses
-5.06
+34.05%
-7.67
-189.52%
8.57
-97.76%
381.84
Gain Loss On Investment Securities
4.21
+202.28%
-4.12
—
390.74
Unrealized Gain Loss On Investment Securities
-77.52
-2348.20%
3.45
0.00
0.00
Net Foreign Currency Exchange Gain Loss
3.82
+208.95%
-3.51
-167.46%
5.20
+158.49%
-8.89
Gain Loss On Sale Of PPE
-4.00
-9206.98%
-0.04
-100.65%
6.63
+55333.33%
-0.01
Change In Working Capital
-5.44
-147.84%
11.36
+17.62%
9.66
+129.34%
4.21
Change In Receivables
-12.24
-118.99%
-5.59
-131.68%
17.64
+24601.39%
-0.07
Change In Prepaid Assets
-22.23
-856.02%
2.94
+144.43%
-6.62
-43.72%
-4.60
Change In Payables And Accrued Expense
21.60
+88.99%
11.43
+8429.10%
0.13
-97.93%
6.48
Change In Payable
21.60
+88.99%
11.43
+8429.10%
0.13
-97.93%
6.48
Change In Account Payable
16.69
+65.70%
10.07
+580.31%
-2.10
—
Change In Other Working Capital
-1.67
-165.44%
2.56
-46.25%
4.76
+97.22%
2.41
Change In Other Current Assets
6.53
0.00
0.00
—
Change In Other Current Liabilities
2.57
+10188.00%
0.03
+101.67%
-1.50
—
Investing Cash Flow
-1,380.49
-176.95%
-498.47
-597.48%
-71.47
+72.41%
-259.08
Cash Flow From Continuing Investing Activities
-1,380.49
-176.95%
-498.47
-597.48%
-71.47
+72.41%
-259.08
Net PPE Purchase And Sale
-1,361.45
-183.72%
-479.87
-474.17%
-83.58
+71.59%
-294.21
Purchase Of PPE
-1,372.63
-186.02%
-479.91
-313.49%
-116.06
+60.56%
-294.25
Sale Of PPE
11.17
+25881.40%
0.04
-99.87%
32.49
+81120.00%
0.04
Capital Expenditure
-1,372.63
-186.02%
-479.91
-313.49%
-116.06
+60.56%
-294.25
Net Investment Purchase And Sale
0.47
0.00
-100.00%
18.39
0.00
Sale Of Investment
0.47
0.00
-100.00%
18.39
0.00
Net Business Purchase And Sale
0.00
0.00
+100.00%
-1.21
0.00
Purchase Of Business
0.00
0.00
+100.00%
-1.21
0.00
Gain Loss On Sale Of Business
0.00
0.00
+100.00%
-3.26
0.00
Net Intangibles Purchase And Sale
—
183.59
+134.10%
78.42
+32.84%
59.04
Net Other Investing Changes
-19.50
-4.85%
-18.60
-266.72%
-5.07
+78.79%
-23.91
Financing Cash Flow
1,294.73
+65.43%
782.63
+2640.48%
28.56
-92.32%
372.04
Cash Flow From Continuing Financing Activities
1,294.73
+65.43%
782.63
+2640.48%
28.56
-92.32%
372.04
Net Issuance Payments Of Debt
701.21
0.00
+100.00%
-9.43
-117.77%
53.07
Issuance Of Debt
701.21
0.00
0.00
-100.00%
65.20
Repayment Of Debt
0.00
0.00
+100.00%
-9.43
+22.22%
-12.13
Long Term Debt Issuance
701.21
0.00
0.00
-100.00%
65.20
Long Term Debt Payments
0.00
0.00
+100.00%
-9.43
+22.22%
-12.13
Net Long Term Debt Issuance
701.21
0.00
+100.00%
-9.43
-117.77%
53.07
Net Common Stock Issuance
602.68
-23.09%
783.57
+1896.26%
39.25
-81.77%
215.33
Proceeds From Stock Option Exercised
—
—
—
0.00
Net Other Financing Charges
-9.16
-867.97%
-0.95
+25.04%
-1.26
-101.22%
103.63
Changes In Cash
160.13
-52.39%
336.38
+1004.68%
-37.18
-149.26%
75.48
Effect Of Exchange Rate Changes
-0.21
+68.90%
-0.67
+82.74%
-3.89
+13.47%
-4.50
Beginning Cash Position
404.60
+487.28%
68.89
-37.35%
109.97
+182.05%
38.99
End Cash Position
564.53
+39.53%
404.60
+487.28%
68.89
-37.35%
109.97
Free Cash Flow
-1,126.74
-163.45%
-427.69
-287.63%
-110.33
+66.74%
-331.73
Cash Flowsfromusedin Operating Activities Direct
—
52.72
+772.06%
6.04
+116.13%
-37.48
Change In Income Tax Payable
4.91
+261.90%
1.36
-39.18%
2.23
—
Change In Tax Payable
4.91
+261.90%
1.36
-39.18%
2.23
—
Classesof Cash Payments
—
-139.53
-93.31%
-72.18
-123.96%
-32.23
Classesof Cash Receiptsfrom Operating Activities
—
187.46
+129.93%
81.53
+38.09%
59.04
Common Stock Issuance
602.68
-23.09%
783.57
+1896.26%
39.25
-81.77%
215.33
Interest Paid Direct
—
-0.21
+94.81%
-4.10
+21.91%
-5.25
Interest Received Direct
—
5.01
+523.66%
0.80
+19975.00%
0.00
Issuance Of Capital Stock
602.68
-23.09%
783.57
+1896.26%
39.25
-81.77%
215.33
Other Cash Paymentsfrom Operating Activities
—
-139.53
—
-32.23
Other Cash Receiptsfrom Operating Activities
—
0.44
-85.89%
3.10
—
Paymentsto Suppliersfor Goodsand Services
—
—
-72.18
-123.96%
-32.23
Receiptsfrom Customers
—
187.02
+138.47%
78.42
0.00
Sale Of Intangibles
—
183.59
+134.10%
78.42
+32.84%
59.04
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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