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    IREN Ltd (IREN)

    Official site

    FINANCIAL SERVICES • CAPITAL MARKETS • NASDAQ

    $30.39
    -0.17 (-0.56%)

    Market Cap: $13.71B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    50%(10/20)
    Avg Surprise
    -216.95%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-0.67
    Range$-0.82 - $-0.51
    2 analysts
    EPS Revisions
    2
    0
    7d
    2
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$-0.23-183.0%
    60d ago$-0.26-155.8%
    30d ago$-0.26-155.8%
    7d ago$-0.51-30.4%
    Current$-0.67
    Revenue Consensus
    $221M
    Range$200M - $245M
    13 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-1.34
    Range$-2.20 - $-0.48
    2 analysts
    EPS Revisions
    2
    0
    7d
    2
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.10-1440.0%
    60d ago$0.09-1676.5%
    30d ago$0.09-1676.5%
    7d ago$-0.48-179.2%
    Current$-1.34
    Revenue Consensus
    $392M
    Range$217M - $465M
    13 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-1.34---
    Sep 26EST
    		-$-0.67---
    Jun 26
    Reported Aug 27
    		$-0.41$-0.50+18.00%Beat-295.2%
    Mar 26
    Reported May 7
    		$-0.16N/A+52.94%Beat-245.5%
    Dec 25
    Reported Feb 5
    		$-0.03N/A+88.00%Beat-133.3%
    Sep 25
    Reported Nov 6
    		$0.01N/A-92.86%Miss+106.3%
    Jun 25
    Reported Aug 28
    		$0.21$0.22-4.55%Miss+231.3%
    Mar 25
    Reported May 14
    		$0.11$0.14-21.43%Miss+57.1%
    Dec 24
    Reported Feb 12
    		$0.09$0.06+50.00%Beat+12.5%
    Sep 24
    Reported Nov 26
    		$-0.16$-0.07-128.57%Miss-100.0%
    Jun 24
    Reported Aug 28
    		$-0.16$0.03-633.33%Miss-220.0%
    Mar 24
    Reported May 15
    		$0.07$0.05+40.00%Beat+163.6%
    Dec 23
    Reported Feb 15
    		$0.08$0.06+33.33%Beat+233.3%
    Sep 23
    Reported Dec 27
    		$-0.08$-0.01-769.57%Miss+76.5%
    Jun 23
    Reported Jul 5
    		$-0.05N/A+70.59%Beat+76.2%
    Mar 23
    Reported Jun 27
    		$-0.11N/A+57.69%Beat-466.7%
    Dec 22
    Reported Feb 15
    		$-0.06N/A+60.00%Beat-126.1%
    Sep 22
    Reported Nov 30
    		$-0.34$-0.24-41.67%Miss+76.7%
    Jun 22
    Reported Sep 13
    		$-0.21$-0.13-61.54%Miss-425.0%
    Mar 22
    Reported May 11
    		$0.03N/A-57.14%Miss+102.2%
    Dec 21
    Reported Feb 9
    		$0.23$0.19+21.05%Beat+116.4%
    Sep 21
    Reported Nov 18
    		$-1.46$0.05-3020.00%Miss-7464.8%
    Jun 21
    Reported Aug 26
    		$-0.04$0.00N/AMiss+17.5%
    Mar 21
    Reported Jun 29
    		$-1.39$0.00N/AMiss-3113.0%
    Dec 20
    Reported Mar 30
    		$-1.41$0.00N/AMiss-7001.0%
    Jun 20
    Reported Sep 30
    		$-0.02$0.00N/AMiss-1.0%
    Mar 20
    Reported Jun 29
    		$-0.05$0.00N/AMiss-
    Dec 19
    Reported Mar 30
    		$-0.04$0.00N/AMiss-
    Sep 19
    Reported Dec 31
    		$-0.02$0.00N/AMiss-
    Jun 19
    Reported Sep 30
    		$-0.02$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio-51.51EV/EBITDAN/A
    Price/FCF-10.70xFCF Yield-9.34%
    Profitability
    Profit Margin-99.40%Operating Margin-102.50%
    ROE-23.40%ROIC-5.70%
    Financial Health
    Debt/Equity1.81xInterest Coverage-6.06x
    Current Ratio3.55xQuick Ratio3.55x
    Trading Statistics
    Beta4.27Avg Volume44.14M
    52-Week High$76.8752-Week Low$28.93

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$36.37
    SMA 20$40.40
    SMA 50$41.21
    SMA 200$45.42
    EMA 10$35.47
    EMA 20$38.18
    EMA 50$40.72
    EMA 200$42.44

    MACD

    Line: -2.78Signal: -1.52Hist: -1.26

    ADX

    ADX: 20.0+DI: 14.8-DI: 44.3

    Aroon & PSAR

    Aroon Up36.0
    Aroon Down100.0
    PSAR$40.92

    Bollinger Bands

    Upper Band$51.27
    Lower Band$29.54
    %B Position5380%(Upper)
    Band Width0.04

    RSI (14-Day)

    Oversold
    26.4

    Momentum Oscillators

    Stoch %K12.5
    Stoch %D8.1
    Williams %R-78.2
    ROC (10d)-25.2%
    Momentum-10.26
    CCI (20d)-176.7
    MFI (14d)20.6

    Volatility Measures

    ATR (14d)$2.78(9.2%)
    StdDev (20d)5.43
    Hist Vol67.4%(High)

    Volume Flow

    VWAP$29.15
    OBV-27.1M
    AD Line-207.0M
    CMF (20d)-0.158

    Volume Metrics

    Avg Vol (20d)44.5M
    Vol Ratio2.4x(High)
    VWMA (20d)$38.85

    Pivot Points

    R3$36.28
    R2$35.07
    R1$32.81
    Pivot Point$31.60
    S1$29.34
    S2$28.13
    S3$25.87

    Advanced Oscillators

    TSI-26.66
    Ultimate Osc36.0
    KST-133.77

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$137.22M$144.79M$184.69M$240.29M$187.29M$144.82M$116.14M$52.76M$56.80M$53.95M$42.05M$34.40M
    Cost of Revenue$33.34M$39.93M$65.76M$80.67M$52.89M$41.95M$32.29M$31.86M$9.36M$4.33M$4.33M$4.18M
    Gross Profit$103.89M$104.86M$118.93M$159.62M$134.40M$102.87M$83.85M$20.91M$47.44M$49.62M$37.71M$30.22M
    Operating Expenses$724.27M$338.38M$235.33M$236.03M$116.52M$73.66M$66.54M$67.99M$70.16M$43.59M$39.93M$37.64M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$137.90M$81.79M$106.22M$138.36M$56.34M$30.96M$32.89M$29.58M$16.98M$7.83M$11.53M$9.07M
    Operating Income$-620,383,000$-233,523,000$-116,403,000$-76,405,000$17.89M$29.21M$17.31M$-47,086,000$-22,719,000$6.02M$-2,221,000$-7,418,000
    Interest Income$35.93M$21.80M$15.78M$7.13M$1.70M$1.93M$1.59M$2.29M$2.95M$1.50M$665,000$713,000
    Interest Expense$-34,785,000$14.84M$122.47M$9.28M$-4,141,000$4.12M$0$22,000$63,000$126,000$30,000$33,000
    Income Before Tax$-691,968,000$-254,086,000$-337,927,000$575.30M$173.91M$-11,106,000$-18,883,000$-50,421,000$-26,841,000$12.11M$-6,293,000$-4,480,000
    Income Tax Expense$-7,970,000$-6,259,000$-182,520,000$190.69M$-2,765,000$5.04M$3.00M$1.28M$225,000$3.47M$-1,065,000$821,000
    Net Income$-683,998,000$-247,827,000$-155,407,000$384.61M$176.68M$-16,144,000$-21,888,000$-51,703,000$-27,066,000$8.64M$-5,228,000$-5,301,000
    EBITDA$-647,318,000$-137,059,000$-130,018,000$664.02M$232.58M$38.95M$15.76M$-18,757,000$2,000$20.93M$1.29M$3.17M
    EBIT$-762,683,000$-261,048,000$-231,235,000$577.45M$168.07M$-8,912,000$-20,470,000$-52,688,000$-26,778,000$12.24M$-6,263,000$-4,447,000
    * Some calculated fields are derived from available data when not provided by source

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    News

    IREN Posts $702.6 Million Loss Despite Claimed $4 Billion AI Cloud Pipeline

    IREN reported a $702.6 million net loss for fiscal 2026, largely due to non-cash impairment charges, despite announcing $4 billion in contracted AI cloud revenue. The company's AI cloud services revenue grew...

    BigGo Finance•10/13/26•Bearish

    IREN Stock Falls to Its Lowest Level Since July After a Brief Pop on a Reported Anthropic Deal

    IREN Limited (NASDAQ: IREN) shares have dropped to their lowest point since July following a temporary increase due to unconfirmed reports of a cloud computing deal with Anthropic. Despite this recent decline...

    Benzinga•10/13/26•Bearish

    Australian Bitcoin Miner IREN Reportedly Signs Multiyear AI Cloud Deal With Anthropic

    Nasdaq-listed Australian Bitcoin miner IREN has reportedly signed a multiyear cloud services deal with AI lab Anthropic, according to The Information. While neither company has confirmed the agreement's specific terms...

    Crypto News Australia•10/13/26•Somewhat-Bullish

    IREN Q1 2027 Earnings Date and Estimates

    IREN (NASDAQ:IREN) is projected to announce its Q1 2027 earnings on Thursday, November 5, 2026, after market close...

    MarketBeat•10/12/26•Somewhat-Bearish

    IREN's Shift From Bitcoin Mining to AI - IREN (NASDAQ:IREN)

    IREN Limited is transitioning from Bitcoin mining to becoming an AI infrastructure provider, a shift that brings new financial pressures and opportunities. While AI Cloud services revenue significantly increased...

    Benzinga•10/12/26•Neutral

    IREN Valuation and Fair Value

    P/E
    -51.5x
    Forward P/E
    137.0x
    P/FCF
    -10.7x
    PEG
    4.1x
    P/B
    2.3x
    See GNG's fair value

    IREN Profitability: Margins, ROIC and FCF

    Gross margin
    68.9%
    Operating margin
    -102.5%
    Net margin
    -99.4%
    ROIC
    -5.7%
    ROE
    -23.4%
    FCF margin
    -127.0%
    FCF yield
    -9.3%

    IREN Competitors

    CompanyTicker
    Blue Owl Capital IncOWL
    Assurant, Inc.AIZ
    Pinnacle Financial Partners, Inc.PNFP
    Ares Capital CorporationARCC
    Renaissancere Holdings LtdRNR
    TransUnionTRU
    BitMine Immersion Technologies, Inc.BMNR
    Globe Life IncGL

    Sector: Financial Services

    IREN Analyst Ratings

    Consensus
    Buy
    Analysts
    20
    Strong Buy
    2
    Buy
    13
    Hold
    5
    Sell
    0
    Strong Sell
    0

    IREN Bull Case vs Bear Case

    Bull case

    • 75.0% of IREN's analyst ratings are Buy or Strong Buy.

    Bear case

    • IREN has a -99.4% net profit margin.
    • IREN's quarterly revenue changed -26.7% year over year.

    IREN Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -4.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-0.67
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 1 down

    Frequently Asked Questions About IREN

    Does IREN pay dividends?

    IREN Ltd (IREN) does not currently pay a regular dividend.

    What is IREN's market cap?

    IREN Ltd (IREN) has a market capitalization of $13.71B with a current stock price of $30.39.

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