Company Overview
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.
Why Investors Should Care
Revenue has grown at a 157.6% CAGR over the past five years.
Maintains a net profit margin of 20.9%.
Recent Developments
- Jun 2025 Revenue of $501.02M (+167.7% YoY); net profit $86.94M.
- Trailing 12 Months Year-on-year growth — revenue +-0.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 157.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 157.59% |
| 1 Year: | -0.00% |
Stock Price Performance
| 1 Year: | +123.32% |
| 6 Months: | -16.16% |
| 3 Months: | -10.40% |
| 1 Month: | -31.95% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
IREN operates vertically integrated, renewable-powered data centres for bitcoin mining and increasingly AI/HPC cloud compute.
Renewable-powered data centres and GPU/AI cloud alongside bitcoin mining.
- AI cloud / GPU compute IREN is expanding into AI/HPC cloud and GPU compute on its data-centre footprint.
- Renewable-powered sites Low-cost renewable energy underpins competitive compute economics.
- Vertical integration Owning power and data centres improves cost and control.
- Renewable-powered data-centre operator pivoting toward AI/HPC compute.
- Profitable on a reported basis (net ~21%) with low-cost power.
- Crypto exposure and capital intensity add volatility.
- Execution on AI cloud and financing are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 20.9%.
- Compounding revenue at 157.6% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 50.1.
- Trading 49.5% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IREN IREN Limited AI | 38.59 | 50.12 | $13.79B | 0.00% | 0.62% | 7.73% | 157.59% | - |
| 2 | JPM JPMorgan Chase & Co. SPX | 342.89 | 16.42 | $918.78B | 1.87% | - | 16.47% | 5.35% | 7.56% |
| 3 | BRK-B Berkshire Hathaway Inc. SPX | 491.09 | 14.61 | $686.70B | 0.00% | - | 10.50% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPX | 356.02 | 31.01 | $590.89B | 0.83% | 37.15% | 60.35% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPX | 538.02 | 31.10 | $471.86B | 0.71% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPX | 60.62 | 15.04 | $430.20B | 2.00% | - | 10.64% | 6.00% | 3.49% |
| 7 | MS Morgan Stanley SPX | 227.67 | 20.62 | $359.10B | 1.87% | - | 16.39% | 3.76% | 9.66% |
| 8 | GS The Goldman Sachs Group, Inc. SPX | 1,140.00 | 20.83 | $336.31B | 1.69% | - | 14.55% | - | 2.21% |
| 9 | WFC Wells Fargo & Company SPX | 85.29 | 13.18 | $261.00B | 2.11% | - | 12.03% | 4.02% | 15.98% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 52.76M | 116.14M | 144.82M | 240.29M | 184.69M | 144.79M |
| Operating Income | -47.09M | 17.31M | 29.21M | -76.41M | -116.40M | -233.52M |
| Net Income | -51.70M | -21.89M | -16.14M | 384.61M | -155.41M | -247.83M |
| Diluted EPS | -0.27 | -0.10 | -0.07 | 1.08 | -0.52 | -0.74 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|
| Revenue | 75.51M | 187.19M | 501.02M |
| Operating Income | -157.24M | -27.23M | 17.33M |
| Net Income | -171.83M | -28.92M | 86.94M |
| Diluted EPS | -3.14 | -0.29 | 0.39 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|
| Total Assets | - | - | 1.15B | 2.94B |
| Total Equity | 437.40M | 305.45M | 1.10B | 1.82B |
| Cash & Equivalents | - | - | 404.60M | 564.53M |
| Total Liabilities | - | - | 55.35M | 1.12B |
| Current Liabilities | - | - | 51.07M | 149.35M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|
| Operating Cash Flow | 5.73M | 52.22M | 245.89M |
| Investing Cash Flow | -71.47M | -498.47M | -1.38B |
| Financing Cash Flow | 28.56M | 782.63M | 1.29B |
| Capital Expenditure | -116.06M | -141.85M | -573.46M |
| Free Cash Flow | -110.33M | -89.64M | -327.57M |
Ratios (Annual)
Figures in %.
| Metric | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|
| Gross Margin % | - | - | - |
| Operating Margin % | -208.2% | -14.5% | 3.5% |
| Net Margin % | -227.6% | -15.4% | 17.4% |
| ROE % | -56.3% | -2.6% | 4.8% |
| ROCE % | - | -2.5% | 0.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Defiance Etfs, LLC | 3.55% | 12.67M | $562.48M |
| 2 | Situational Awareness Partners LP | 3.27% | 11.70M | $519.33M |
| 3 | Situational Awareness LP | 3.27% | 11.70M | $519.33M |
| 4 | Citigroup Inc. | 3.05% | 10.90M | $484.02M |
| 5 | BIT Capital GmbH | 1.83% | 6.53M | $289.75M |
| 6 | Shaw D.E. & Co., Inc. | 1.80% | 6.43M | $285.60M |
| 7 | Goldman Sachs Group Inc | 1.56% | 5.57M | $247.27M |
| 8 | Value Aligned Research Advisors, LLC | 1.33% | 4.77M | $211.64M |
| 9 | Blackrock Inc. | 1.25% | 4.46M | $197.86M |
| 10 | Marex Group Plc | 1.10% | 3.92M | $173.96M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for IREN
IREN (NASDAQ:IREN) Stock Lags AI and Bitcoin Rallies as Investors Price a $1.3 Billion Execution Gap - TechStock²
<a href="https://news.google.com/rss/articles/CBMiuAFBVV95cUxORGhoZjNydXFCWEY4bklYRk1XUGNwTVVWNVZMa1l4cERNZ010ZnlTN2VXaWE5VlNGYUtLUlZEOXpsTW1xemtNbDI1RDZodjRoTVY0Qnh0MlV5ZkY4S2JXcnEwUkVtNjMyRmg1WC0xcmxCbHN2dTU0MEtJdjlzVzh0SVo0alhseG82UWZnNH…
IREN Stock Soars On Nvidia’s $2.1B AI Investment Deal, Accelerating Pivot From Bitcoin Mining - Stocktwits
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Freedom Capital Upgrades IREN Limited (IREN) to Buy - Yahoo Finance
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IREN (NASDAQ:IREN) Shares Down 1% - Time to Sell? - MarketBeat
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IREN Stock Set for 92% Surge - 24/7 Wall St.
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IREN's Revenue Is Falling For The Right Reason But Market Is Pricing It As Failure - Seeking Alpha
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IREN — Frequently Asked Questions
What is the current share price of IREN Limited (IREN)?
As of 2026-07-14 21:23 PDT, IREN Limited (IREN) trades at $38.59 on NasdaqGS. Its 52-week range is $15.40 to $76.41.
What is the market capitalisation of IREN?
IREN Limited (IREN) has a market capitalisation of $13.79B on NasdaqGS.
What is the P/E ratio of IREN?
IREN trades at a trailing price-to-earnings (P/E) ratio of 50.12. The industry average P/E is 13.30. Its price-to-book (P/B) ratio is 7.65.
What is the return on equity (ROE) of IREN?
IREN has a return on equity (ROE) of 7.73%. Its return on capital employed (ROCE) is 0.62%.
Is IREN a good stock to buy?
This page provides a data-driven analysis of IREN Limited (IREN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.