Want to see IREN full AI Analyst Report?
IREN Stock Chart & Stats
$39.58
-$0.78(-2.10%)
At close: 4:00 PM EDT
$39.58
-$0.78(-2.10%)
Day’s Range― - ―
52-Week Range$25.31 - $76.87
Previous Close$36.07
Volume34.87M
Average Volume (3M)48.55M
Market Cap
$14.61B
Enterprise Value$17.66K
Total Cash (Recent Filing)$6.08B
Total Debt (Recent Filing)$7.84B
Price to Earnings (P/E)―
Beta2.82
Next Earnings
Dec 01, 2026EPS Estimate
-0.73Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.20
Shares Outstanding394,058,650
10 Day Avg. Volume46,645,546
30 Day Avg. Volume48,552,361
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)3.45
Price to Sales (P/S)20.45
P/FCF Ratio-6.47
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
$77.70Price Target Upside96.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)-1.4
Revenue Forecast (FY)$2.80B
Bulls Say, Bears Say
Bulls Say
Contracted AI Cloud RevenueContracted ARR provides meaningful revenue visibility as IREN shifts toward AI cloud services. Customer wins across multiple AI companies reduce reliance on Bitcoin mining and establish a scalable base for future infrastructure utilization.
Validated AI Infrastructure ExecutionMicrosoft acceptance and NVIDIA validation demonstrate that IREN can deliver complex liquid-cooled AI infrastructure at scale. This supports its credibility with hyperscale customers and strengthens its competitive position as demand for high-performance compute expands.
Integrated Cloud Platform ExpansionMirantis broadens IREN beyond physical data centers by adding orchestration, monitoring and enterprise support software. A more integrated infrastructure-to-software offering can improve customer retention, expand addressable demand and differentiate its AI cloud services.
Bears Say
Severe Earnings VolatilityThe sharp swing from profit to a substantial loss shows that IREN’s earnings profile remains immature and exposed to transition costs, impairments and operating volatility. This weakens confidence in near-term profit conversion despite strong revenue scaling.
Heavy Investment And Financing DependenceThe aggressive buildout requires exceptionally large capital commitments and continued access to external funding. Financing costs, covenant constraints or weaker prepayments could limit expansion, increase leverage and reduce the cash available to absorb execution setbacks.
Unstable Cash GenerationCash generation has improved but remains highly inconsistent because infrastructure investment causes large swings in capital spending. This makes internally funded growth less predictable and increases reliance on financing while the company scales its AI platform.
IREN News
IREN FAQ
What was IREN’s price range in the past 12 months?
IREN lowest stock price was $25.31 and its highest was $76.87 in the past 12 months.
What is IREN’s market cap?
IREN’s market cap is $14.61B.
When is IREN’s upcoming earnings report date?
IREN’s upcoming earnings report date is Dec 01, 2026 which is in 90 days.
How were IREN’s earnings last quarter?
IREN released its earnings results on Aug 27, 2026. The company reported -$1.89 earnings per share for the quarter, missing the consensus estimate of -$0.551 by -$1.339.
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 -0.73.
How many shares outstanding does IREN have?
IREN has 394,058,650 shares outstanding.
What happened to IREN’s price movement after its last earnings report?
IREN reported an EPS of -$1.89 in its last earnings report, missing expectations of -$0.551. Following the earnings report the stock price went down -12.534%.
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
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$77.70 (96.31% Upside)
$77.70 (96.31% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 75%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 4.4M 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 ▼ 0.3%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Bullish
Bullish news 76%
Bearish news 24%
Bearish news 24%
Technicals
SMA
Negative
20 days / 200 days
Momentum
39.04%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
415.39%
Trailing 12-Months
Learn more about TipRanks Smart Score
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents strong commercial traction and market validation: $4.0 billion of ARR contracted, validating demand; accelerating pricing (3-year +125% since November), major GPU financings ($6.5B in recent months) and delivery of Horizon 1 with NVIDIA validation are material positives. The company is in an aggressive scaling phase with large near‑term CapEx ($25B–$30B FY27), timing risks for revenue recognition as capacity comes online late in the December quarter, and substantial noncash impairments and a heavy net loss tied to the transition away from mining. Overall the positives — sizable contracted ARR, robust financing capability, pricing momentum, technical validation and a deep pipeline — materially outweigh the transitional lowlights tied to decommissioning and high near-term spend.View all IREN earnings summariesIREN Stock 12 Month Forecast
Average Price Target
$77.70
▲(96.31% Upside)
Technical Analysis
Ownership Overview
12.36% Insiders
3.27% Mutual Funds
21.32% Other Institutional Investors
57.21% Public Companies and Individual Investors