Iren Limited (IREN)
NASDAQ:IREN
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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$8.61 - $76.87
Previous CloseN/A
Volume5.61M
Average Volume (3M)50.48M
Market Cap
$23.77B
Enterprise Value$23.87B
Total Cash (Recent Filing)$1.52B
Total Debt (Recent Filing)$2.72B
Price to Earnings (P/E)187.6
Beta2.96
Next Earnings
Sep 16, 2026EPS Estimate
-0.28Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.04
Shares Outstanding357,378,660
10 Day Avg. Volume48,496,176
30 Day Avg. Volume50,479,639
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 Cap1.00
Enterprise Value/Revenue31.54
Enterprise Value/Gross Profit58.85
Enterprise Value/Ebitda50.07
Forecast
1Y Price Target
$75.70Price Target Upside57.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)-0.5
Revenue Forecast (FY)$752.60M
Bulls Say, Bears Say
Bulls Say
Secured Power & ScaleA 5.0 GW secured power portfolio and explicit multi‑GW build targets materially lower a key supply constraint for hyperscale AI infrastructure. Long‑term access to power and staged MW targets support capacity economics, siting advantage, and durable ability to scale contracted GPU services.
NVIDIA Partnership & Aligned FundingA multi‑year NVIDIA contract plus a deployment‑tied investment aligns a strategic supplier/investor, improving GPU access and co‑funding. This reduces procurement risk, improves time‑to‑compute economics, and strengthens strategic barriers to entry over the medium term as GPU supply remains constrained.
Contracted ARR & Commercial TractionHaving $3.1B of ARR contracted provides durable revenue visibility and de‑risks near‑term cash flow relative to capacity that is uncontracted. Strong contract coverage supports financing, underpins project‑level economics, and signals sustained customer demand for managed GPU cloud services.
Bears Say
Rising LeverageA sharp step‑up in leverage to ~$4.0B TTM and debt‑to‑equity ~1.49 meaningfully reduces financial flexibility. Elevated leverage raises covenant, refinancing and interest‑rate sensitivity, making execution missteps or delayed commissioning more likely to trigger financing stress over the coming months.
Deep Negative Free Cash FlowPersistently negative free cash flow despite positive operating cash flow indicates heavy ongoing capex and reinvestment needs. Continued cash burn increases dependency on external capital and raises dilution/refinancing risk if operating margins or contract cash collections slip during buildouts.
Execution & Financing RiskA back‑end weighted revenue ramp with ~50k uncontracted GPUs leaves meaningful timing and uptake risk. Combined with large purchase and financing commitments, the company depends on timely commissioning, customer take‑up, and project finance execution—any delays damage ARR realization and strain liquidity.
IREN News
IREN FAQ
What was Iren Limited’s price range in the past 12 months?
Iren Limited lowest stock price was $8.61 and its highest was $76.87 in the past 12 months.
What is Iren Limited’s market cap?
Iren Limited’s market cap is $23.77B.
When is Iren Limited’s upcoming earnings report date?
Iren Limited’s upcoming earnings report date is Sep 16, 2026 which is in 104 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 -0.28.
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
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8
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$75.70 (57.32% Upside)
$75.70 (57.32% 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 ▲ 2.4%
Last 30 Days ▲ 8.8%
Last 30 Days ▲ 8.8%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 5%
Bearish news 5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
662.88%
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
$75.70
▲(57.32% Upside)
Technical Analysis
Ownership Overview
8.04% Insiders
3.78% Mutual Funds
25.86% Other Institutional Investors
57.20% Public Companies and Individual Investors
Options Prices
Currently, No data available
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