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IREN Stock Chart & Stats
$36.29
-$0.78(-2.10%)
At close: 4:00 PM EDT
$36.29
-$0.78(-2.10%)
Day’s Range― - ―
52-Week Range$14.72 - $76.87
Previous Close$36.07
Volume34.87M
Average Volume (3M)40.04M
Market Cap
$13.13B
Enterprise Value$13.19K
Total Cash (Recent Filing)$2.21B
Total Debt (Recent Filing)$3.96B
Price to Earnings (P/E)920.0
Beta2.81
Next Earnings
Sep 16, 2026EPS Estimate
-0.53Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.04
Shares Outstanding357,378,660
10 Day Avg. Volume45,833,977
30 Day Avg. Volume40,044,414
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$75.18Price Target Upside107.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)-0.21
Revenue Forecast (FY)$2.83B
Bulls Say, Bears Say
Bulls Say
Secured Power & ScaleA 5.0 GW secured power portfolio and multi‑year build targets provide durable capacity visibility and reduce energy procurement risk. This underpins the company’s ability to host large GPU fleets, realize scale economies in power and cooling, and meet multi‑year contracts that sustain revenue growth.
NVIDIA Strategic PartnershipA multi‑year NVIDIA contract and a $2.1B deployment‑linked investment align a top OEM with IREN’s rollout, easing capital burden and improving access to scarce AI hardware. The tie of investment to deployment aligns incentives, increases credibility with hyperscalers, and materially lowers execution financing risk.
Contracted ARR & Cash BufferHigh contracted ARR (now ~85% of a >$4B run‑rate) plus a multi‑billion cash balance meaningfully de‑risks near‑term revenue and funds capacity builds. This durable contract coverage provides predictable cash flows and supports phased capital deployment without immediate reliance on market financing.
Bears Say
Elevated LeverageA sharp step‑up to ~$4.0B of debt and a ~1.49 debt/equity ratio materially reduce financial flexibility. Higher leverage raises covenant and refinancing risk, increases interest sensitivity, and could force asset‑level sales or dilutive financings if project cash flows underperform expectations.
Negative Free Cash FlowDespite positive operating cash flow, deeply negative FCF reflects intense capital spending to scale GPU infrastructure. Persistent negative FCF makes growth dependent on external capital, elevates dilution or debt needs over the medium term, and increases sensitivity to higher funding costs.
Execution & Uncontracted Capacity RiskA sizable tranche of uncontracted GPUs and a back‑end weighted ramp concentrate revenue timing risk. Delays in commissioning or slower contract conversion can drive additional impairments, margin dilution, and higher financing needs during the multi‑year transition away from mining to AI cloud services.
IREN News
IREN FAQ
What was IREN’s price range in the past 12 months?
IREN lowest stock price was $14.72 and its highest was $76.87 in the past 12 months.
What is IREN’s market cap?
IREN’s market cap is $13.13B.
When is IREN’s upcoming earnings report date?
IREN’s upcoming earnings report date is Sep 16, 2026 which is in 44 days.
How were IREN’s earnings last quarter?
IREN 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 overvalued?
According to Wall Street analysts IREN’s price is currently Undervalued.
Does IREN pay dividends?
IREN does not currently pay dividends.
What is IREN’s EPS estimate?
IREN’s EPS estimate is -0.53.
How many shares outstanding does IREN have?
IREN has 357,378,660 shares outstanding.
What happened to IREN’s price movement after its last earnings report?
IREN 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?
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$75.18 (107.17% Upside)
$75.18 (107.17% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 85%
Sector Average ―
Sector Average ―
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
Neutral
Last 7 Days <0.1%
Last 30 Days <0.1%
Last 30 Days <0.1%
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Negative
20 days / 200 days
Momentum
104.79%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
265.12%
Trailing 12-Months
Company Description
IREN
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
Average Price Target
$75.18
▲(107.17% Upside)
Technical Analysis
Ownership Overview
13.63% Insiders
3.60% Mutual Funds
2.48% Other Institutional Investors
70.53% Public Companies and Individual Investors