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IREN Stock Chart & Stats
$48.12
-$0.94(-8.26%)
At close: 4:00 PM EST
$48.12
-$0.94(-8.26%)
Day’s Range― - ―
52-Week Range$9.83 - $76.87
Previous CloseN/A
Volume5.61M
Average Volume (3M)54.13M
Market Cap
$13.85B
Enterprise Value$23.19B
Total Cash (Recent Filing)$2.21B
Total Debt (Recent Filing)$3.96B
Price to Earnings (P/E)1097.8
Beta2.89
Next Earnings
Sep 16, 2026EPS Estimate
-0.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.04
Shares Outstanding357,378,660
10 Day Avg. Volume43,723,069
30 Day Avg. Volume54,129,778
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)1.72
Price to Sales (P/S)6.24
P/FCF Ratio-2.77
Enterprise Value/Market Cap1.67
Enterprise Value/Revenue30.63
Enterprise Value/Gross Profit57.15
Enterprise Value/Ebitda48.62
Forecast
1Y Price Target
$77.20Price Target Upside60.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.23
Revenue Forecast (FY)$2.89B
Bulls Say, Bears Say
Bulls Say
Secured Power & ScaleA 5.0 GW secured power portfolio materially de-risks supply for GPU and AI cloud builds and underpins multi-year capacity growth. With 480 MW targeted in 2026 and staged construction plans, secured grid access supports durable revenue scale and reduces long-run power procurement uncertainty.
NVIDIA Strategic PartnershipA multi-year commercial agreement and associated NVIDIA investment align technology supply, capital, and demand. This structural partnership secures critical GPU access, de-risks supply bottlenecks, and links capital deployment to contracted demand—strengthening long-term execution and commercial credibility.
Operating Cash Flow & Revenue RampConsistently positive operating cash flow—roughly $533M TTM—alongside a strong top-line ramp demonstrates underlying earning power and cash generation from operations. This operating cash strength provides a repeatable funding base to support project execution and interest coverage despite heavy capex needs.
Bears Say
Elevated LeverageA sharp step-up in leverage to ~$4.0B increases refinancing, covenant and interest-rate sensitivity across a capital-intensive build. Higher debt loads constrain flexibility, amplify downside in slower demand, and raise the cost of future expansion, making execution more contingent on steady cash inflows.
Deep Negative Free Cash FlowPersistent negative free cash flow near -$690M TTM reflects capital intensity and means growth is not yet self-funded. Over months, continued FCF deficits require recurring external financing, increasing dilution or leverage risk and exposing the company to funding-market volatility during multi-year buildouts.
Execution & Financing Risk In TransitionMaterial uncontracted capacity and a back-end weighted ARR ramp mean revenue realization depends on timely commissioning and commercial wins. Combined with project-style financings and covenants, delays or weaker demand could strain cash, trigger covenant issues, and impede the planned multi‑GW scale-up.
IREN News
IREN FAQ
What was Iren Limited’s price range in the past 12 months?
Iren Limited lowest stock price was $9.82 and its highest was $76.87 in the past 12 months.
What is Iren Limited’s market cap?
Iren Limited’s market cap is $13.85B.
When is Iren Limited’s upcoming earnings report date?
Iren Limited’s upcoming earnings report date is Sep 16, 2026 which is in 71 days.
How were Iren Limited’s earnings last quarter?
Iren Limited released its earnings results on May 07, 2026. The company reported -$0.74 earnings per share for the quarter, missing the consensus estimate of -$0.218 by -$0.522.
Is Iren Limited overvalued?
According to Wall Street analysts Iren Limited’s price is currently Undervalued.
Does Iren Limited pay dividends?
Iren Limited does not currently pay dividends.
What is Iren Limited’s EPS estimate?
Iren Limited’s EPS estimate is -0.33.
How many shares outstanding does Iren Limited have?
Iren Limited has 357,378,660 shares outstanding.
What happened to Iren Limited’s price movement after its last earnings report?
Iren Limited reported an EPS of -$0.74 in its last earnings report, missing expectations of -$0.218. Following the earnings report the stock price went up 7.652%.
Which hedge fund is a major shareholder of Iren Limited?
Currently, no hedge funds are holding shares in IREN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IREN Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$77.20 (60.43% Upside)
$77.20 (60.43% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 2.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $434.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Very Bullish
Bullish news 87%
Bearish news 13%
Bearish news 13%
Technicals
SMA
Positive
20 days / 200 days
Momentum
161.05%
12-Months-Change
Fundamentals
Return on Equity
3.41%
Trailing 12-Months
Asset Growth
301.30%
Trailing 12-Months
Company Description
Iren Limited
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.
IREN Company Deck
IREN Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call signals strong strategic progress: substantial secured power (5 GW), a transformative NVIDIA partnership with aligned capital, clear ARR targets ($3.1B contracted, $3.7B target), execution momentum on major projects, and capability-building acquisitions (Mirantis, Nostrum). These positives are partially offset by a near-term financial drag from winding down Bitcoin mining—manifested as a QoQ revenue decline (-21.6%), lower mining revenue (-33.6%), a large net loss ($247.8M) driven by noncash impairments ($140.4M), and a back‑end weighted revenue ramp that requires continued on-time project delivery and financing. Overall, management presents a confident execution narrative with tangible commercial commitments and cash resources, but the company is in a capital‑intensive transition phase with near-term earnings pressure.View all IREN earnings summariesIREN Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$77.20
▲(60.43% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
Ownership Overview
13.63% Insiders
3.60% Mutual Funds
0.10% Other Institutional Investors
73.88% Public Companies and Individual Investors
Options Prices
Currently, No data available
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