IREN Chart
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.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Capital Markets Market Cap 15.17B
Enterprise Value 15.68B Income 389.74M Sales 757.10M
Book/sh 7.57 Cash/sh 9.81 Dividend Yield —
Payout 0.00% Employees 257 IPO —
P/E 31.76 Forward P/E -225.78 PEG —
P/S 20.04 P/B 6.04 P/C —
EV/EBITDA 80.74 EV/Sales 20.72 Quick Ratio 4.79
Current Ratio 4.96 Debt/Eq 153.02 LT Debt/Eq —
EPS (ttm) 1.44 EPS next Y -0.20 EPS Growth —
Revenue Growth 59.00% Earnings 2026-05-13 ROA -1.42%
ROE 20.53% ROIC — Gross Margin 68.13%
Oper. Margin -45.84% Profit Margin 51.48% Shs Outstand 331.76M
Shs Float 302.76M Short Float 12.78% Short Ratio 0.98
Short Interest — 52W High 76.87 52W Low 5.12
Beta 4.28 Avg Volume 38.74M Volume 5.72M
Target Price $79.31 Recom Buy Prev Close $45.45
Price $45.73 Change 0.62%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$79.31
Mean price target
2. Current target
$44.71
Latest analyst target
3. DCF / Fair value
$-67.80
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$44.71
Low
$37.00
High
$125.00
Mean
$79.31

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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
2025-11-03 main Cantor Fitzgerald Overweight → Overweight $142
2025-10-29 down HC Wainwright & Co. Buy → Sell $45
2025-10-22 main Macquarie Outperform → Outperform $86
2025-10-14 main Cantor Fitzgerald Overweight → Overweight $100
2025-10-14 main BTIG Buy → Buy $75
2025-09-29 main Macquarie Outperform → Outperform $55
2025-09-26 down JP Morgan Neutral → Underweight $24
2025-09-24 init Arete Research — → Buy $78
2025-09-23 main Roth Capital Buy → Buy $82
2025-09-16 main Canaccord Genuity Buy → Buy $42
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1000000 33131000 — Sale at price 33.13 per share. ROBERTS WILLIAM GREGORY Chief Executive Officer — 2025-09-11 00:00:00 I
1 1000000 33131000 — Sale at price 33.13 per share. ROBERTS DANIEL JOHN Chief Executive Officer — 2025-09-11 00:00:00 I
2 39168 — — Stock Award(Grant) at price 0.00 per share. ALFRED MICHAEL Director — 2025-07-01 00:00:00 D
3 39168 — — Stock Award(Grant) at price 0.00 per share. PARASURAMAN SUNITA Director — 2025-07-01 00:00:00 D
4 39168 — — Stock Award(Grant) at price 0.00 per share. GUZOWSKI CHRISTOPHER Director — 2025-07-01 00:00:00 D
5 1793392 — — Stock Award(Grant) at price 0.00 per share. ROBERTS WILLIAM GREGORY Chief Executive Officer — 2025-07-01 00:00:00 I
6 63910 — — Stock Award(Grant) at price 0.00 per share. NUCIFORA BELINDA Chief Financial Officer — 2025-07-01 00:00:00 D
7 1793392 — — Stock Award(Grant) at price 0.00 per share. ROBERTS DANIEL JOHN Chief Executive Officer — 2025-07-01 00:00:00 I
8 48960 — — Stock Award(Grant) at price 0.00 per share. BARTHOLOMEW DAVID JAMES Director — 2025-07-01 00:00:00 D
Financials
Line Item2025-06-302024-06-302023-06-302022-06-30
TaxEffectOfUnusualItems5.19M-1.21M-32.62M2.35M
TaxRateForCalcs0.070.300.300.30
NormalizedEBITDA211.58M29.13M-13.82M8.29M
TotalUnusualItems74.10M-4.03M-108.73M7.84M
TotalUnusualItemsExcludingGoodwill74.10M-4.03M-108.73M7.84M
NetIncomeFromContinuingOperationNetMinorityInterest86.94M-28.92M-171.83M-419.77M
ReconciledDepreciation181.14M50.47M30.67M7.74M
ReconciledCostOfRevenue158.99M105.07M54.39M7.45M
EBITDA285.68M25.10M-122.56M16.14M
EBIT104.55M-25.37M-153.23M8.39M
NetInterestIncome-3.54M5.73M-15.28M-425.36M
InterestExpense11.04M98.00K16.21M425.44M
InterestIncome7.50M5.83M924.00K79.00K
NormalizedIncome18.03M-26.10M-95.71M-425.26M
NetIncomeFromContinuingAndDiscontinuedOperation86.94M-28.92M-171.83M-419.77M
TotalExpenses478.90M214.47M124.07M58.58M
RentExpenseSupplemental773.00K177.00K92.00K
TotalOperatingIncomeAsReported17.33M-27.23M-157.24M307.00K
DilutedAverageShares223.25M99.64M54.78M40.94M
BasicAverageShares214.59M99.64M54.78M40.94M
DilutedEPS0.39-0.29-3.14-10.25
BasicEPS0.41-0.29-3.14-10.25
DilutedNIAvailtoComStockholders86.94M-28.92M-171.83M-419.77M
NetIncomeCommonStockholders86.94M-28.92M-171.83M-419.77M
OtherunderPreferredStockDividend-59.35M
NetIncome86.94M-28.92M-171.83M-419.77M
NetIncomeIncludingNoncontrollingInterests86.94M-28.92M-171.83M-419.77M
NetIncomeContinuousOperations86.94M-28.92M-171.83M-419.77M
TaxProvision6.56M3.45M2.39M2.72M
PretaxIncome93.50M-25.47M-169.44M-417.05M
OtherIncomeExpense74.92M-3.92M-105.60M7.85M
OtherNonOperatingIncomeExpenses817.00K108.00K3.14M12.00K
SpecialIncomeCharges4.30M43.00K-108.54M-167.00K
GainOnSaleOfPPE4.00M43.00K-6.63M0.00
GainOnSaleOfBusiness0.000.003.26M0.00
OtherSpecialCharges-9.07M464.00K-418.00K
WriteOff1.55M0.001.08M167.00K
ImpairmentOfCapitalAssets7.22M0.00104.09M0.00
GainOnSaleOfSecurity69.80M-4.07M-191.00K8.01M
NetNonOperatingInterestIncomeExpense-3.54M5.73M-15.28M-425.36M
TotalOtherFinanceCost1.04M2.51M1.97M
InterestExpenseNonOperating11.04M98.00K16.21M425.44M
InterestIncomeNonOperating7.50M5.83M924.00K79.00K
OperatingIncome22.12M-27.28M-48.56M462.00K
OperatingExpense319.91M109.39M69.68M51.13M
OtherOperatingExpenses2.31M6.51M4.97M14.84M
OtherTaxes9.24M2.39M852.00K2.47M
DepreciationAmortizationDepletionIncomeStatement181.14M50.47M30.67M7.74M
DepreciationAndAmortizationInIncomeStatement181.14M50.47M30.67M7.74M
DepreciationIncomeStatement50.65M30.86M7.74M1.25M
SellingGeneralAndAdministration127.22M50.03M33.18M26.07M
SellingAndMarketingExpense2.88M2.05M716.00K305.00K
GeneralAndAdministrativeExpense124.33M47.98M32.47M25.77M
OtherGandA36.05M17.31M12.42M6.81M
InsuranceAndClaims18.10M7.03M5.69M5.07M
RentAndLandingFees773.00K177.00K92.00K
SalariesAndWages70.17M41.64M29.32M13.90M
GrossProfit342.03M82.12M21.12M51.59M
CostOfRevenue158.99M105.07M54.39M7.45M
TotalRevenue501.02M187.19M75.51M59.04M
OperatingRevenue501.02M187.19M75.51M59.04M
Line Item2023-06-30
TreasurySharesNumber0.00
OrdinarySharesNumber258.10M186.37M64.75M53.03M
ShareIssued258.10M186.37M64.75M53.03M
NetDebt398.24M43.82M
TotalDebt964.23M1.32M1.45M108.29M
TangibleBookValue1.82B1.10B305.36M436.73M
InvestedCapital2.78B1.10B305.36M544.38M
WorkingCapital491.83M401.31M65.23M75.15M
NetTangibleAssets1.82B1.10B305.36M436.73M
CapitalLeaseObligations1.47M1.32M1.45M1.27M
CommonStockEquity1.82B1.10B305.36M437.36M
TotalCapitalization2.78B1.10B305.36M483.98M
TotalEquityGrossMinorityInterest1.82B1.10B305.36M437.36M
StockholdersEquity1.82B1.10B305.36M437.36M
OtherEquityInterest51.29M28.43M
GainsLossesNotAffectingRetainedEarnings-30.07M-34.99M-34.66M-6.81M
OtherEquityAdjustments-30.07M-34.99M
ForeignCurrencyTranslationAdjustments-34.99M-34.66M
RetainedEarnings-596.17M-683.11M-654.28M-482.40M
AdditionalPaidInCapital88.67M51.29M
CapitalStock2.36B1.76B965.86M926.58M
CommonStock2.36B1.76B965.86M926.58M
TotalLiabilitiesNetMinorityInterest1.12B55.35M26.71M133.10M
TotalNonCurrentLiabilitiesNetMinorityInterest973.49M4.28M2.71M47.99M
OtherNonCurrentLiabilities235.00K119.00K
EmployeeBenefits119.00K91.00K0.00
TradeandOtherPayablesNonCurrent1.45M0.00
NonCurrentDeferredLiabilities7.97M3.12M1.36M189.00K
NonCurrentDeferredTaxesLiabilities7.97M3.12M1.36M189.00K
LongTermDebtAndCapitalLeaseObligation963.83M1.03M1.26M47.80M
LongTermCapitalLeaseObligation1.06M1.03M1.26M1.19M
LongTermDebt962.76M46.62M10.84M
CurrentLiabilities149.35M51.07M24.00M85.11M
OtherCurrentLiabilities3.94M1.34M96.72M
CurrentDeferredLiabilities884.00K2.56M0.00
CurrentDeferredRevenue884.00K2.56M0.00
CurrentDebtAndCapitalLeaseObligation404.00K289.00K192.00K60.48M
CurrentCapitalLeaseObligation404.00K289.00K192.00K81.00K
CurrentDebt60.40M71.98M
OtherCurrentBorrowings60.40M68.85M
CurrentNotesPayable0.003.13M
PensionandOtherPostRetirementBenefitPlansCurrent1.34M961.00K2.14M109.00K
CurrentProvisions6.17M2.47M
PayablesAndAccruedExpenses144.12M46.88M22.85M22.49M
CurrentAccruedExpenses42.37M4.41M2.89M5.39M
Payables101.75M42.48M19.95M17.10M
OtherPayable20.00M13.74M2.21M197.00K
TotalTaxPayable0.001.39M8.41M3.67M
IncomeTaxPayable0.001.39M32.00K1.20M
AccountsPayable81.75M27.34M11.54M13.23M
TotalAssets2.94B1.15B332.07M570.46M
TotalNonCurrentAssets2.30B700.43M242.84M410.21M
OtherNonCurrentAssets486.00K427.00K292.00K338.00K
NonCurrentPrepaidAssets29.85M17.46M0.00158.18M
NonCurrentDeferredAssets0.008.00K2.23M911.00K
NonCurrentDeferredTaxesAssets0.008.00K2.23M911.00K
FinancialAssets333.72M0.00
InvestmentsAndAdvances0.000.00
InvestmentinFinancialAssets0.000.00
GoodwillAndOtherIntangibleAssets0.00634.00K659.00K
Goodwill0.00634.00K659.00K
NetPPE1.94B682.55M242.54M407.00M
AccumulatedDepreciation-181.63M-96.66M-47.67M-9.08M
GrossPPE2.12B779.20M290.22M416.08M
Leases43.00K0.001.65M1.31M
ConstructionInProgress240.80M342.79M14.49M224.48M
OtherProperties1.46M1.34M115.02M171.12M
MachineryFurnitureEquipment1.22B215.94M119.17M174.68M
BuildingsAndImprovements639.75M215.54M153.10M13.77M
LandAndImprovements13.09M3.60M1.80M1.84M
Properties0.000.000.000.00
CurrentAssets641.17M452.38M89.23M160.25M
OtherCurrentAssets-1.00K
HedgingAssetsCurrent5.76M0.00
RestrictedCash0.00
PrepaidAssets45.91M11.89M13.79M26.63M
Receivables24.98M29.37M6.54M23.65M
OtherReceivables5.34M19.90M1.68M1.00K
TaxesReceivable17.44M7.84M4.87M21.26M
AccruedInterestReceivable637.00K1.47M0.0075.00K
LoansReceivable0.002.32M0.00
AccountsReceivable1.56M152.00K0.00
CashCashEquivalentsAndShortTermInvestments564.53M411.13M68.89M109.97M
OtherShortTermInvestments0.006.53M0.00
CashAndCashEquivalents564.53M404.60M68.89M109.97M
CashEquivalents100.00M30.24M0.00
CashFinancial304.60M38.66M109.97M38.99M
Line Item2025-06-302024-06-302023-06-302022-06-30
FreeCashFlow-1.13B-427.69M-110.33M-331.73M
RepaymentOfDebt0.000.00-9.43M-12.13M
IssuanceOfDebt701.21M0.000.0065.20M
IssuanceOfCapitalStock602.68M783.57M39.25M215.33M
CapitalExpenditure-1.37B-479.91M-116.06M-294.25M
EndCashPosition564.53M404.60M68.89M109.97M
BeginningCashPosition404.60M68.89M109.97M38.99M
EffectOfExchangeRateChanges-209.00K-672.00K-3.89M-4.50M
ChangesInCash160.13M336.38M-37.18M75.48M
FinancingCashFlow1.29B782.63M28.56M372.04M
CashFlowFromContinuingFinancingActivities1.29B782.63M28.56M372.04M
NetOtherFinancingCharges-9.16M-946.00K-1.26M103.63M
ProceedsFromStockOptionExercised0.000.00
NetCommonStockIssuance602.68M783.57M39.25M215.33M
CommonStockIssuance602.68M783.57M39.25M215.33M
NetIssuancePaymentsOfDebt701.21M0.00-9.43M53.07M
NetLongTermDebtIssuance701.21M0.00-9.43M53.07M
LongTermDebtPayments0.000.00-9.43M-12.13M
LongTermDebtIssuance701.21M0.000.0065.20M
InvestingCashFlow-1.38B-498.47M-71.47M-259.08M
CashFlowFromContinuingInvestingActivities-1.38B-498.47M-71.47M-259.08M
NetOtherInvestingChanges-19.50M-18.60M-5.07M-23.91M
NetInvestmentPurchaseAndSale470.00K0.0018.39M0.00
SaleOfInvestment470.00K0.0018.39M0.00
NetBusinessPurchaseAndSale0.000.00-1.21M0.00
PurchaseOfBusiness0.000.00-1.21M0.00
NetIntangiblesPurchaseAndSale183.59M78.42M59.04M
SaleOfIntangibles183.59M78.42M59.04M
NetPPEPurchaseAndSale-1.36B-479.87M-83.58M-294.21M
SaleOfPPE11.17M43.00K32.49M40.00K
PurchaseOfPPE-1.37B-479.91M-116.06M-294.25M
OperatingCashFlow245.89M52.22M5.73M-37.48M
CashFlowFromContinuingOperatingActivities245.89M52.22M5.73M-37.48M
ChangeInWorkingCapital-5.44M11.36M9.66M4.21M
ChangeInOtherWorkingCapital-1.67M2.56M4.76M2.41M
ChangeInOtherCurrentLiabilities2.57M25.00K-1.50M
ChangeInOtherCurrentAssets6.53M0.000.00
ChangeInPayablesAndAccruedExpense21.60M11.43M134.00K6.48M
ChangeInPayable21.60M11.43M134.00K6.48M
ChangeInAccountPayable16.69M10.07M-2.10M
ChangeInTaxPayable4.91M1.36M2.23M
ChangeInIncomeTaxPayable4.91M1.36M2.23M
ChangeInPrepaidAssets-22.23M2.94M-6.62M-4.60M
ChangeInReceivables-12.24M-5.59M17.64M-72.00K
OtherNonCashItems13.80M-108.00K9.12M-25.57M
StockBasedCompensation42.64M23.64M14.36M13.90M
UnrealizedGainLossOnInvestmentSecurities-77.52M3.45M0.000.00
AssetImpairmentCharge9.38M0.00105.17M167.00K
DepreciationAmortizationDepletion181.14M50.47M30.67M7.74M
DepreciationAndAmortization181.14M50.47M30.67M7.74M
Depreciation181.14M50.47M30.67M7.74M
OperatingGainsLosses-5.06M-7.67M8.57M381.84M
GainLossOnInvestmentSecurities4.21M-4.12M390.74M44.69M
NetForeignCurrencyExchangeGainLoss3.82M-3.51M5.20M-8.89M
GainLossOnSaleOfPPE-4.00M-43.00K6.63M-12.00K
GainLossOnSaleOfBusiness0.000.00-3.26M0.00
NetIncomeFromContinuingOperations86.94M-28.92M-171.83M-419.77M
CashFlowsfromusedinOperatingActivitiesDirect52.72M6.04M-37.48M1.76M
InterestReceivedDirect5.01M803.00K4.00K6.00K
InterestPaidDirect-213.00K-4.10M-5.25M-333.00K
ClassesofCashPayments-139.53M-72.18M-32.23M-6.40M
OtherCashPaymentsfromOperatingActivities-139.53M-32.23M
PaymentstoSuppliersforGoodsandServices-72.18M-32.23M-6.40M
ClassesofCashReceiptsfromOperatingActivities187.46M81.53M59.04M8.49M
OtherCashReceiptsfromOperatingActivities438.00K3.10M590.00K
ReceiptsfromCustomers187.02M78.42M0.007.90M
SEC Filings

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

Public Trades for IREN
Date User Asset Broker Type Position Size Entry Price Patterns