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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$14.72 - $76.87
Previous CloseN/A
Volume5.61M
Average Volume (3M)39.68M
Market Cap
$12.00B
Enterprise Value$12.64K
Total Cash (Recent Filing)$2.21B
Total Debt (Recent Filing)$3.96B
Price to Earnings (P/E)840.5
Beta2.89
Next Earnings
Sep 16, 2026EPS Estimate
-0.35Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.04
Shares Outstanding357,378,660
10 Day Avg. Volume34,833,777
30 Day Avg. Volume39,682,247
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
$77.20Price Target Upside60.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.21
Revenue Forecast (FY)$2.83B
Bulls Say, Bears Say
Bulls Say
Secured Grid Power And ScaleA 5.0 GW secured power portfolio provides durable capacity headroom and reduces source-of-power risk for multi‑GW GPU builds. Secured grid access underpins predictable capacity rollouts, supports contracted ARR delivery, and makes IREN attractive to hyperscalers needing assured time-to-compute.
NVIDIA Strategic Partnership & Aligned InvestmentA multi‑year NVIDIA deal with an investment that vests on deployment aligns a strategic supplier to IREN's build plan, secures hardware access in a tight market, and links capital to execution. That reduces supply risk, improves project financing prospects, and strengthens IREN's competitive positioning for GPU services.
Large Contracted ARR And Commercial MomentumHaving multi‑billion dollar ARR under contract materially raises revenue visibility through buildouts. Contracted sales backstop capital deployment, support project‑level financing, and reduce revenue timing uncertainty versus purely spot GPU rental models, strengthening long‑term cash flow predictability.
Bears Say
Sharp Increase In LeverageA jump to ~$4.0B of TTM debt and a debt/equity near 1.5 materially reduces financial flexibility. Higher leverage raises refinancing, covenant and interest-rate sensitivity during a capital-intensive scale-up, making execution delays or weaker cash conversion more likely to force dilutive or costly financing choices.
Deeply Negative Free Cash FlowPersistent negative free cash flow despite positive operating cash generation signals the business is not yet self‑funding growth. Ongoing capex and fleet refresh needs make IREN reliant on external capital; sustained FCF deficits increase dilution risk and pressure on liquidity if capital markets tighten.
Back‑end Ramp, Uncontracted Capacity And Execution RiskA significant portion of 2026 capacity remains uncontracted and revenue is back‑end weighted, making near‑term realizations highly dependent on timely commissioning, sales conversion, and financing. Delays could push revenue, raise working capital needs, and trigger impairments or financing covenant stress.
IREN News
IREN FAQ
What was Iren Limited’s price range in the past 12 months?
Iren Limited lowest stock price was $14.72 and its highest was $76.87 in the past 12 months.
What is Iren Limited’s market cap?
Iren Limited’s market cap is $12.00B.
When is Iren Limited’s upcoming earnings report date?
Iren Limited’s upcoming earnings report date is Sep 16, 2026 which is in 59 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 -0.35.
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
Neutral
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$77.20 (60.43% Upside)
$77.20 (60.43% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 70%
Sector Average 64%
Sector Average 64%
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
Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Bullish
Bullish news 60%
Bearish news 40%
Bearish news 40%
Technicals
SMA
Negative
20 days / 200 days
Momentum
86.26%
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, 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 Stock 12 Month Forecast
Average Price Target
$77.20
▲(60.43% Upside)
Technical Analysis
Ownership Overview
13.63% Insiders
3.60% Mutual Funds
0.16% Other Institutional Investors
73.78% Public Companies and Individual Investors












