Company Overview
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited 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.
Recent Developments
- Jun 2025 Revenue of $501.02M (+167.7% YoY); net profit $86.94M.
- Trailing 12 Months Year-on-year growth — revenue -26.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 157.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 157.59% |
| 1 Year: | -26.70% |
Stock Price Performance
| 1 Year: | +43.88% |
| 6 Months: | -50.96% |
| 3 Months: | -31.18% |
| 1 Month: | -45.78% |
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
- Compounding revenue at 157.6% over 5 years.
CONS
- Trading 66.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* 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 R3KAIFINANCIAL | 25.51 | -11.49 | $10.05B | 0.00% | 0.62% | -23.41% | 157.59% | - |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 336.54 | 14.43 | $894.59B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 546.97 | 13.76 | $770.15B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 414.34 | 35.23 | $706.08B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 633.21 | 34.87 | $550.55B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 820,500.00 | 13.76 | $400.77B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 7 | BAC Bank of America Corporation SPXR3KFINANCIAL | 51.08 | 11.80 | $357.19B | 2.39% | - | 11.20% | 3.14% | 4.27% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 91.89 | 13.13 | $314.52B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 183.97 | 14.87 | $288.94B | 2.26% | - | 17.97% | 3.76% | 9.66% |
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 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -37.48M | 5.73M | 52.22M | 245.89M |
| Investing Cash Flow | -259.08M | -71.47M | -498.47M | -1.38B |
| Financing Cash Flow | 372.04M | 28.56M | 782.63M | 1.29B |
| Capital Expenditure | -294.25M | -116.06M | -479.91M | -1.37B |
| Free Cash Flow | -331.73M | -110.33M | -427.69M | -1.13B |
| Net Change in Cash | 75.48M | -37.18M | 336.38M | 160.13M |
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
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for IREN
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IREN — Frequently Asked Questions
What is the current share price of IREN Limited (IREN)?
As of 2026-10-22 16:30 PDT, IREN Limited (IREN) trades at $25.51 on NasdaqGS. Its 52-week range is $17.73 to $76.41.
What is the market capitalisation of IREN?
IREN Limited (IREN) has a market capitalisation of $10.05B on NasdaqGS.
What is the P/E ratio of IREN?
IREN trades at a trailing price-to-earnings (P/E) ratio of -11.49. The industry average P/E is 13.71. Its price-to-book (P/B) ratio is 4.24.
What is the return on equity (ROE) of IREN?
IREN has a return on equity (ROE) of -23.41%. 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.