IREN Limited: stock overview

IRENNASDAQTechnology · Finance Services

Price

$18.17

November 13, 2026Market cap $7.2B

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  • The full history: 7 fiscal years, from FY2020
  • The estimated fair value, with its range and its certainty
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  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

IREN had revenue of $695M over the last 12 months and a net loss of $1.4B. Revenue grew by 145.7% a year on average over the last 5 years. It has net debt of $6.7B. It pays no dividend.

From its SEC filings (latest fiscal year to June 30, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$7.2B
399M shares
P/E
–
Revenue, 12 months
$695M
+145.7% a year over 5 years
Net margin
-194.3%
FY2025: 17.4%, above 71% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+94.3% a year over 2 years

  • FY2026Jun 30, 202610-K
    Revenue$707M
  • FY2025Jun 30, 202510-K
    Revenue$501M
  • FY2024Jun 30, 202420-F
    Revenue$187M

Fiscal years in figures

IREN's revenue, profit, cash flow and dividend with each year-end price, from FY2020 to FY2023, 4 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.1B
$7.2B
Enterprise value 
$13.9B
P/E 
–
EV / EBIT 
–
EV / Revenue 
20.0
P/B 3-year median: 1.7
1.4
FCF yield 3-year median: -8.0%
–
Earnings yield 3-year median: -2.6%
–

Profitability

Gross margin 
73.4%
Operating margin 
-166.4%
Net margin 3-year median: -15.4%
-194.3%
ROIC 
-10.3%
ROIC, 5-year average 
-9.8%
ROE 
-38.9%

Growth

Revenue, yearly change 
+41.1%
EPS, yearly change 
-669.2%
FCF, yearly change 
–
Revenue, average a year 
+145.7%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$3.5B
Total debt 
$10.2B
Of which operating leases 
$7.0M
Net debt 
$6.7B
Net debt / EBITDA 
–
Interest cover 
-12.5x
Current ratio 
1.60

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+47.3%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 61).

Operating margin

3.5%

Above 64% of the 51 companies in its industry, and 45% of all.

Net margin

17.4%

Above 71% of the 105 companies in its industry, and 79% of all.

ROE

3.5%

Above 43% of the 102 companies in its industry, and 39% of all.

ROA

1.2%

Above 63% of the 109 companies in its industry, and 48% of all.

Revenue growth

167.7%

Above 100% of the 106 companies in its industry, and 99% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
IREN Ltd
CIK
1878848
Exchange
NASDAQ
Industry (SIC)
6199 · Finance Services
Fiscal year ends
June 30
Latest annual report
June 30, 2026
Reporting currency
USD
Shares
399M

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The full analysis

What do IREN's filings show?

These are IREN's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about IREN

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What is IREN's market cap?

IREN Limited's market cap is $7.2B, at a price of $18.17 on November 13, 2026 and 399M shares.

How much revenue does IREN have?

IREN had revenue of $695M over the last 12 months. Over the last 5 years it changed by +145.7% a year on average.

Does IREN pay a dividend?

No. IREN paid no regular dividend over the last 12 months.

Where do the figures come from?

From IREN Limited's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.