Iren Limited (IREN)
NASDAQ:IREN
Want to see IREN full AI Analyst Report?
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$9.52 - $76.87
Previous CloseN/A
Volume5.61M
Average Volume (3M)53.30M
Market Cap
$21.12B
Enterprise Value$23.87B
Total Cash (Recent Filing)$1.52B
Total Debt (Recent Filing)$2.72B
Price to Earnings (P/E)166.7
Beta3.01
Next Earnings
Sep 16, 2026EPS Estimate
-0.3Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.04
Shares Outstanding357,378,660
10 Day Avg. Volume53,889,789
30 Day Avg. Volume53,303,652
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 Cap1.13
Enterprise Value/Revenue31.54
Enterprise Value/Gross Profit58.85
Enterprise Value/Ebitda50.07
Forecast
1Y Price Target
$74.56Price Target Upside54.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)-0.46
Revenue Forecast (FY)$740.00M
Bulls Say, Bears Say
Bulls Say
Secured Power And Scale Of Contracted CapacityA 5.0 GW secured power base and multi‑year build targets materially lower execution and supply risk for IREN's AI cloud plan. Large secured power positions the company to convert capacity to contracted ARR, supports scale economics, and underpins multi‑GW growth visibility over the next 2–6 months.
Strategic NVIDIA Partnership And Aligned CapitalA multi‑year NVIDIA contract plus an investment that vests with deployments aligns commercial demand, supply access, and capital. This structure reduces upfront financing risk per deployment, enhances procurement certainty in a tight hardware market, and strengthens durable customer and vendor ties.
Rapid Revenue Ramp And Strong Gross MarginsSustained top‑line growth with high gross margins signals core unit economics from scale. Combined with reported positive operating cash flow, the revenue and margin profile provide durable operating leverage that supports reinvestment into capacity and validates the service economics beyond short‑term crypto cycles.
Bears Say
Material Increase In Leverage And Debt BurdenA sharp step‑up to ~$4.0B of debt substantially reduces financial flexibility and raises refinancing and covenant risk. High leverage increases sensitivity to higher borrowing costs or execution slip, making timely project cash flows and covenant compliance critical over the coming months.
Deeply Negative Free Cash Flow Due To Heavy CapexLarge negative FCF reflects aggressive, ongoing capital intensity to scale GPU infrastructure. Even with positive operating cash flow, persistent negative FCF increases reliance on external capital and heightens dilution/refinancing risk if hardware deployment or contracting timing slips.
Execution And Financing Risk From Uncontracted CapacityA sizable tranche of GPUs remains uncontracted and the revenue ramp is back‑end weighted, so missed commissioning or delayed customer acceptance would materially defer ARR realization. Given project scale and financing dependencies, execution slippage would exacerbate funding needs and operational margin pressure.
IREN News
IREN FAQ
What was Iren Limited’s price range in the past 12 months?
Iren Limited lowest stock price was $9.52 and its highest was $76.87 in the past 12 months.
What is Iren Limited’s market cap?
Iren Limited’s market cap is $21.12B.
When is Iren Limited’s upcoming earnings report date?
Iren Limited’s upcoming earnings report date is Sep 16, 2026 which is in 99 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 -0.3.
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:
$74.56 (54.94% Upside)
$74.56 (54.94% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 2.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 8.0%
Last 30 Days ▲ 8.0%
News Sentiment
Bullish
Bullish news 79%
Bearish news 13%
Bearish news 13%
Technicals
SMA
Positive
20 days / 200 days
Momentum
507.07%
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 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.
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
Average Price Target
$74.56
▲(54.94% Upside)
Technical Analysis
Ownership Overview
8.04% Insiders
3.78% Mutual Funds
25.86% Other Institutional Investors
56.75% Public Companies and Individual Investors
Options Prices
Currently, No data available
---