IREN Limited

IREN Limited

IREN
IREN LimitedUS flagNASDAQ Global Select
38.89
USD
-1.96
- -
13.88BMarket Cap
IREN Limited
IREN
(NASDAQ Global Select)

Recent

price

38.89

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
0.04
0.15
1.44
1.38
1.88
1.94
2.54
Revenue per Share
-0.04
-1.14
-10.25
-3.14
-0.29
0.34
0.26
Basic EPS, GAAP
-0.1
-1.5
-8.1
-2.01
-4.29
-4.37
-8.15
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.16
-0.89
8.25
4.72
5.89
7.04
7.81
Book Value per Share
0.15
-0.9
8.24
4.72
5.89
7.04
7.5
Tangible Book Value per Share
53
53
41
55
100
258
299
Basic Weighted Avg Shares
2
8
59
76
187
501
757
Sales/Revenue/Turnover
-77.83
-3.99
0.78
-64.31
-14.57
4.42
-29.24
Operating Margin (%)
1
1
8
31
50
181
369
Depreciation Expense
-2
-60
-420
-172
-29
87
77
Net Income, GAAP
- -
- -
- -
- -
- -
7.02
33.15
Effective Tax Rate (%)
-98.53
-764.62
-711.03
-227.56
-15.45
17.35
10.16
Profit Margin (%)
- -
-130
75
65
401
492
1,773
Working Capital
- -
12
48
1
1
964
3,842
LT Debt
9
-49
437
305
1,097
1,817
2,665
Total Equity
- -
- -
- -
- -
- -
1.06
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
5.01
18.21
Return on Capital (%)
- -
- -
- -
-46.27
-4.12
5.97
3.76
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
62
123
LT Borrowings
964
3,685
3,688
LT Finance Leases
1
95
154
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
283
332
341
Market Capitalization
20,077
18,778
16,941

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,124
3,383
2,424
Cash, Cash Equivalents & STI
1,032
3,261
2,213
Accounts Receivable, Net
24
10
69
Inventories
- -
- -
- -
Total Current Liabilities
204
682
651
Payables & Accruals
193
602
487
ST Debt
- -
62
123
Deferred Revenue
1
7
22

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-270.08%
65.61%
Free Cash Flow
- -
434.06%
163.45%
Net Income, GAAP
- -
554.31%
-400.63%
Sales/Revenue/Turnover
- -
250.85%
167.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34
42
54
57
187
2025
53
116
145
187
501
2026
240
185
145
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.07
0.08
- -
-0.29
2025
-0.27
-0.1
-0.07
0.37
0.34
2026
1.42
-0.47
-0.74
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
IREN Limited operates as a vertically integrated data center company specializing in high-performance, power-dense computational infrastructure powered by 100% renewable energy. The company owns and operates next-generation data centers primarily in Australia and Canada, offering facilities optimized for Bitcoin mining, artificial intelligence (AI) cloud services, GPU clusters, colocation, and build-to-suit infrastructure for scalable compute. Core products and services include data center colocation; AI cloud services with large-scale GPU clusters; mining hardware operation and management for Bitcoin; and electrical infrastructure to support reliable, grid-connected service powered by clean or renewable energy sources. IREN Limited was incorporated in 2018 and is headquartered in Sydney, Australia. The company targets clients requiring sustainable, high-capacity computational resources for AI training, inference, and digital asset mining. Notably, the company underwent a name change from Iris Energy Limited to IREN Limited in November 2024 to reflect its strategic expansion beyond Bitcoin mining into broader AI and high-performance computing markets. Recent major developments include the launch of new AI data center contracts aimed at accelerating growth in AI and cloud services. In 2025, IREN executed significant capital market activities including a $1.6 billion share offering and a $2 billion private convertible notes issuance, with proceeds used for debt repurchases and corporate needs, enhancing financial flexibility. The company has also expanded its digital infrastructure footprint with projects such as the Childress and Sweetwater sites in North America to support its digital transformation and vertical integration strategy. IREN's commitment to renewable energy-powered data centers positions it as a leader in sustainable high-performance computing infrastructure. Overall, IREN Limited operates within the capital markets and technology sectors, delivering sustainable data center and compute infrastructure solutions to enterprise and institutional customers across Australia and North America, with a growing focus on AI-focused cloud services and digital asset mining.

Company News

APIChatGPT
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  • Situational Awareness: When Leverage Meets Volatility

  • TeraWulf and Cipher Digital Are up 50% in 2026 While IREN Lags Behind. Is It Time to Buy IREN for a Catch-Up Trade?

  • IREN's 5-Gigawatt Roadmap Could Be a Massive Growth Catalyst

  • IREN, TeraWulf, and Applied Digital Are All Down 30% in a Month. Is More Pain Coming for Data Center Stocks?

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  • Why are Nvidia-backed CoreWeave, Nebius, and IREN stocks plunging?

  • Lam Research's Q4 2026 Earnings As A Leading Indicator For IREN's August Print

  • IREN Vs Nebius: Which Neocloud Should You Buy and Why?

  • The Big 3: GOOGL, SKHY, IREN

  • IREN: From A Bitcoin Miner To An AI Infrastructure Play

  • IREN's $4 Billion ARR Changes Everything

  • Alger Capital Appreciation Fund Q2 2026 Portfolio Update

  • Is Iren Stock Still a Buy After It Surges 20% on New Contracts?

  • IREN's AI Pivot Gains Strong Momentum: Time to Buy or Hold the Stock?