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AI Cloud·IREN
IREN Limited
NASDAQ · AU
Data center operator with bitcoin mining roots that now sells IREN Cloud GPU services and AI/HPC infrastructure capacity.
AI relevance
Public AI compute hosting pivot with powered data center assets and customer-facing GPU cloud capacity.
Price
$25.51
Change
-2.33 (-8.37%)
Market cap
$10.1B
52w range
$25–$77
Exchange
NASDAQ
Country
AU
Jason's Chips
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Price chart
IREN market performance
Daily close for IREN Limited
- Latest close
- $25.51
- Range move
- -$26.32 (-50.8%)
- Range high
- $76.41
- Range low
- $25.51
- Latest volume
- 66.8M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
8 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
8 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
8 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
8 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
8 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1237 rowsFive years of daily close and volume data powering the company chart.
Transcript list
16 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus15 ratings
Strong buy
0
Buy
12
Hold
3
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-06-30 | $2.72B | $2.53B - $2.84B | $-1.90 | $-12.77 - $15.23 | $617.7M | -$259.7M | -$283.2M | $1.11B | 12 rev / 5 EPS |
| 2028-06-30 | $7.28B | $4.40B - $11.35B | $-0.05 | $-14.28 - $10.58 | $2.50B | $342.9M | $252.4M | $2.97B | 10 rev / 4 EPS |
| 2029-06-30 | $13.21B | $7.90B - $20.09B | $3.41 | $1.50 - $5.19 | $5.20B | $831.7M | $638.5M | $5.38B | 4 rev / 3 EPS |
| 2030-06-30 | $25.32B | $15.14B - $38.50B | $1.33 | $0.64 - $2.23 | $9.12B | $556.7M | $421.2M | $10.32B | 2 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $409.6M | $239.0M - $498.8M | $-0.73 | $-1.21 - $0.24 | -$113.5M | -$246.0M | -$262.7M | $166.9M | 9 rev / 2 EPS |
| 2027-03-30 | $932.8M | $530.0M - $1.12B | $-0.18 | $-0.23 - $-0.08 | $124.0M | -$48.5M | -$65.2M | $380.1M | 7 rev / 1 EPS |
| 2027-06-30 | $1.16B | $656.8M - $1.39B | $-0.19 | $-0.24 - $-0.08 | $170.4M | -$51.3M | -$68.0M | $471.0M | 4 rev / 1 EPS |
| 2027-09-30 | $1.42B | $808.7M - $1.71B | $-0.19 | $-0.24 - $-0.08 | $229.0M | -$52.8M | -$69.4M | $580.0M | 4 rev / 1 EPS |
| 2027-12-30 | $1.75B | $994.9M - $2.10B | $-0.05 | $-0.06 - $-0.02 | $353.9M | -$1.3M | -$17.9M | $713.4M | 7 rev / 1 EPS |
| 2028-03-30 | $2.03B | $1.15B - $2.44B | $0.13 | $0.06 - $0.16 | $513.8M | $74.7M | $45.9M | $827.7M | 7 rev / 1 EPS |
| 2028-06-30 | $2.28B | $1.30B - $2.74B | $0.14 | $0.06 - $0.17 | $611.3M | $80.2M | $50.2M | $929.1M | 3 rev / 1 EPS |
| 2028-09-30 | $3.14B | $1.78B - $3.77B | $1.31 | $0.58 - $1.66 | $1.28B | $617.9M | $475.0M | $1.28B | 4 rev / 1 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 5 | $80.80 |
| Last year | 23 | $79.26 |
| All time | 46 | $55.45 |
Sources: StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-09-29 | B. Riley Securities | Maintain | Buy | Buy |
| 2026-09-14 | JP Morgan | Upgrade | Underweight | Overweight |
| 2026-09-14 | BTIG | Maintain | Buy | Buy |
| 2026-09-02 | Freedom Capital Markets | Maintain | Buy | Buy |
| 2026-09-02 | BTIG | Maintain | Buy | Buy |
| 2026-08-28 | Macquarie | Maintain | Outperform | Outperform |
| 2026-08-28 | BTIG | Maintain | Buy | Buy |
| 2026-08-28 | HC Wainwright & Co. | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 3 | 13 | 5 | 0 | 0 |
| 2026-09-01 | 2 | 13 | 5 | 0 | 1 |
| 2026-08-01 | 1 | 12 | 3 | 0 | 1 |
| 2026-07-01 | 1 | 11 | 4 | 0 | 1 |
| 2026-06-01 | 1 | 10 | 4 | 0 | 2 |
| 2026-05-01 | 1 | 10 | 4 | 0 | 2 |
| 2026-04-01 | 1 | 10 | 3 | 1 | 2 |
| 2026-03-01 | 1 | 10 | 2 | 0 | 2 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $707.0M | $487.3M | 68.9% | $0 | -$1.05B | $34.7M | -$702.6M | $-2.22 |
| FY 2025 | $501.0M | $342.0M | 68.3% | $0 | $22.1M | $285.7M | $86.9M | $0.41 |
| FY 2024 | $187.2M | $82.1M | 43.9% | $0 | -$27.3M | $25.1M | -$28.9M | $-0.29 |
| FY 2023 | $75.5M | $21.1M | 28.0% | $0 | -$48.6M | -$122.6M | -$171.8M | $-3.14 |
| FY 2022 | $59.0M | $51.6M | 87.4% | $0 | $462,000 | $16.1M | -$419.8M | $-7.44 |
| FY 2021 | $5.9M | $4.3M | 71.9% | $0 | -$236,497.8 | -$32.6M | -$45.3M | $-2.18 |
| FY 2020 | $1.5M | $868,894 | 57.7% | $0 | -$1.2M | -$656,512.6 | -$1.5M | $-0.04 |
| FY 2019 | $1,053 | $0 | 0.0% | $0 | -$112,679 | $0 | -$161,120 | $-0.01 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | $2.10B | $0 | -$2.23B |
| FY 2025 | $245.9M | $1.37B | -$1.13B |
| FY 2024 | $52.2M | $479.9M | -$427.2M |
| FY 2023 | $5.7M | $116.1M | -$110.0M |
| FY 2022 | $21.6M | $294.2M | -$272.7M |
| FY 2021 | $1.3M | $5.4M | -$4.1M |
| FY 2020 | -$987,000 | $4.3M | -$5.3M |
| FY 2019 | -$434,919 | $2.1M | -$2.5M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $5.90B | $58.7M | $0 | $6.76B | $15.79B | $7.84B | $1.94B | $11.60B | $4.19B |
| FY 2025 | $564.5M | $25.0M | $0 | $1.94B | $2.94B | $964.2M | $399.7M | $1.12B | $1.82B |
| FY 2024 | $411.1M | $29.4M | $0 | $442.9M | $1.15B | $1.3M | -$403.3M | $55.3M | $1.10B |
| FY 2023 | $68.9M | $6.5M | $0 | $242.5M | $332.1M | $1.4M | -$67.4M | $26.7M | $305.4M |
| FY 2022 | $110.0M | $16.3M | $0 | $171.1M | $570.5M | $108.3M | -$1.7M | $133.1M | $437.4M |
| FY 2021 | $29.3M | $595,344 | $0 | $13.0M | $101.0M | $62.9M | $33.7M | $138.1M | -$37.1M |
| FY 2020 | $2.0M | $331,000 | $0 | $8.4M | $11.6M | $1.4M | $3,464 | $1.9M | $6.1M |
| FY 2019 | $84,948 | $0 | $0 | $1.4M | $1.9M | $32,294 | -$52,654 | $109,519 | $1.8M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 68.9% | -148.1% | -99.4% | 3.6x | 3.6x | -16.8% | -7.5% | 23.2x | 472.2x | -15.4% | 0.0% | -2125d |
| FY 2025 | 68.3% | 4.4% | 17.4% | 4.3x | 4.3x | 4.8% | 0.7% | 7.0x | 12.3x | -36.0% | 0.0% | -169d |
| FY 2024 | 43.9% | -14.6% | -15.4% | 8.9x | 8.9x | -2.6% | -2.5% | 4.6x | 34.0x | -34.0% | 0.0% | -38d |
| FY 2023 | 28.0% | -64.3% | -227.6% | 3.7x | 3.7x | -56.3% | -15.8% | 2.5x | -1.5x | -43.1% | 0.0% | -46d |
| FY 2022 | 87.4% | 0.8% | -711.0% | 1.9x | 1.9x | -96.0% | 0.1% | 2.3x | 8.4x | -198.8% | 0.0% | -548d |
| FY 2021 | 71.9% | -4.0% | -764.6% | 0.2x | 0.2x | 122.1% | -0.9% | 90.7x | -16.5x | -0.8% | 0.0% | -53d |
| FY 2020 | 57.7% | -77.8% | -98.5% | 1.3x | 1.3x | -24.3% | -10.6% | 892.9x | -2048.8x | -0.4% | 0.0% | -218d |
| FY 2019 | 0.0% | -10700.8% | -15301.0% | 1.9x | 1.9x | -9.2% | -6.5% | 378346.9x | 0.0x | -0.6% | 0.0% | -6084d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | +41.1% | +42.5% | 0.0% | -4831.6% | -908.1% | -641.5% | -98.2% | -215.7% | +944.3% | 0.0% | +437.0% | +713.0% |
| FY 2025 | +167.7% | +316.5% | 0.0% | +181.1% | +400.6% | +241.4% | -163.8% | -186.0% | +37.3% | 0.0% | +155.0% | +72892.6% |
| FY 2024 | +147.9% | +288.8% | 0.0% | +43.8% | +83.2% | +90.8% | -288.3% | -313.5% | +496.8% | 0.0% | +247.2% | -8.8% |
| FY 2023 | +27.9% | -59.1% | 0.0% | -10610.4% | +59.1% | +57.8% | +59.7% | +60.6% | -37.4% | 0.0% | -41.8% | -98.7% |
| FY 2022 | +895.6% | +1110.4% | 0.0% | +295.4% | -825.8% | -241.3% | -6499.8% | -5303.6% | +275.7% | 0.0% | +465.1% | +72.1% |
| FY 2021 | +293.6% | +390.5% | 0.0% | +79.8% | -2954.9% | -5562.3% | +22.4% | -25.6% | +1396.5% | 0.0% | +772.3% | +4531.6% |
| FY 2020 | +142954.1% | 0.0% | 0.0% | -940.5% | -821.2% | -288.9% | -110.1% | -106.7% | +2202.6% | 0.0% | +522.3% | +4107.5% |
| FY 2019 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
SegmentsFY 2026
Revenue Mix
Latest product mixFY 2026 · $707.0M
Bitcoin Mining$578.2M · 81.8%
AI Cloud$128.8M · 18.2%
Latest geography mixFY 2026 · $707.0M
AUSTRALIA$578.2M · 81.8%
CANADA$128.8M · 18.2%
Product revenue annual
| Period | Total | Bitcoin Mining | AI Cloud |
|---|---|---|---|
| FY 2026 | $707.0M | $578.2M | $128.8M |
Geography revenue annual
| Period | Total | AUSTRALIA | CANADA | North America |
|---|---|---|---|---|
| FY 2026 | $707.0M | $578.2M | $128.8M | -- |
| FY 2025 | $501.0M | $484.6M | $16.4M | -- |
| FY 2024 | $188.8M | $184.1M | -- | $4.7M |
Transcripts16 on file
Transcripts
Events
Events
Next earnings
2026-11-05EPS est $-0.67
Latest news
- IREN to Release Q1 FY27 Results on November 5, 2026
GlobeNewsWire · 2026-10-22
- The Neocloud Bloodbath: NBIS, IREN, and CRWV Selloff Continues
24/7 Wall Street · 2026-10-22