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IREN Limited (IREN)

60.98 +6.24 (+11.40%)
At close: May 6 at 4:00:01 PM EDT
60.18 -0.80 (-1.31%)
Overnight: 10:58:36 PM EDT
Trade IREN on Coinbase
IREN Q3 2026 earnings call
Today at 5 PM EDT
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News headlines IREN is transitioning from Bitcoin mining to AI cloud infrastructure, highlighted by its acquisition of Mirantis for $625 million. With significant revenue growth expectations, the company faces challenges including recent losses and high valuations. Investors should monitor upcoming earnings and integration efforts.

IREN is transitioning from Bitcoin mining to AI cloud infrastructure, highlighted by its acquisition of Mirantis for $625 million. With significant revenue growth expectations, the company faces challenges including recent losses and high valuations. Investors should monitor upcoming earnings and integration efforts.

Updated 1h ago · Powered by Yahoo Scout
  • Previous Close 54.74
  • Open 56.28
  • Bid 44.19 x 100
  • Ask 60.99 x 100
  • Day's Range 56.10 - 61.50
  • 52 Week Range 6.76 - 76.87
  • Volume 62,300,201
  • Avg. Volume 34,680,008
  • Market Cap (intraday) 20.231B
  • Beta (5Y Monthly) 4.18
  • PE Ratio (TTM) 42.35
  • EPS (TTM) 1.44
  • Earnings Date May 7, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 70.40

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.com

257

Full Time Employees

June 30

Fiscal Year Ends

Performance Overview: IREN

Trailing total returns as of 5/6/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

IREN
61.45%
S&P 500 (^GSPC)
7.59%

1-Year Return

IREN
838.15%
S&P 500 (^GSPC)
31.36%

3-Year Return

IREN
1,534.85%
S&P 500 (^GSPC)
78.06%

5-Year Return

IREN
117.79%
S&P 500 (^GSPC)
75.29%

Earnings Trends: IREN

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 184.7M
Earnings -8.6M

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
50M
100M
150M
200M
 

Analyst Insights: IREN

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Analyst Price Targets

26.00 Low
70.40 Average
60.98 Current
105.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 4/9/2026
Analyst Cantor Fitzgerald
Rating Action Maintains
Rating Overweight
Price Action Lowers
Price Target 82 -> 61
 

Statistics: IREN

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Valuation Measures

Annual
As of 5/4/2026
  • Market Cap

    16.42B

  • Enterprise Value

    17.00B

  • Trailing P/E

    34.36

  • Forward P/E

    62.50

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    19.49

  • Price/Book (mrq)

    6.54

  • Enterprise Value/Revenue

    22.45

  • Enterprise Value/EBITDA

    23.45

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    51.48%

  • Return on Assets (ttm)

    -1.42%

  • Return on Equity (ttm)

    20.53%

  • Revenue (ttm)

    757.1M

  • Net Income Avi to Common (ttm)

    389.74M

  • Diluted EPS (ttm)

    1.44

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.26B

  • Total Debt/Equity (mrq)

    153.02%

  • Levered Free Cash Flow (ttm)

    -1.25B

Compare To: IREN

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Company Insights: IREN

Fair Value

60.98 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

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