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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
$59.96
Change
+1.85 (+3.18%)
Market cap
$21.4B
52w range
$10–$77
Exchange
NASDAQ
Country
AU
Jason's Chips
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Price chart
IREN market performance
Daily close for IREN Limited
- Latest close
- $59.96
- Range move
- +$50.16 (+511.8%)
- Range high
- $76.41
- Range low
- $9.80
- Latest volume
- 39.4M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
7 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
7 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
7 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
7 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
7 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1150 rowsFive years of daily close and volume data powering the company chart.
Transcript list
15 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus13 ratings
Strong buy
0
Buy
9
Hold
3
Sell
1
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 |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $730.2M | $675.1M - $762.9M | $-0.49 | $-0.53 - $-0.46 | -$149.3M | -$260.6M | -$110.4M | $241.8M | 10 rev / 5 EPS |
| 2027-06-30 | $2.89B | $2.58B - $3.12B | $0.23 | $-0.29 - $0.56 | -$590.4M | -$1.03B | $29.5M | $956.0M | 10 rev / 6 EPS |
| 2028-06-30 | $5.67B | $4.82B - $7.02B | $2.63 | $-0.70 - $7.73 | -$1.16B | -$2.02B | $339.4M | $1.88B | 9 rev / 4 EPS |
| 2029-06-30 | $8.44B | $7.18B - $10.46B | $1.20 | $0.97 - $1.58 | -$1.73B | -$3.01B | $268.6M | $2.80B | 4 rev / 1 EPS |
| 2030-06-30 | $8.75B | $7.45B - $10.84B | $2.22 | $1.79 - $2.91 | -$1.79B | -$3.12B | $496.2M | $2.90B | 5 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $162.7M | $110.4M - $193.5M | $-0.33 | $-0.40 - $-0.28 | -$33.3M | -$58.1M | -$75.5M | $53.9M | 8 rev / 7 EPS |
| 2026-09-30 | $326.4M | $231.1M - $421.6M | $-0.30 | $-0.69 - $-0.05 | -$66.7M | -$116.5M | -$68.5M | $108.1M | 4 rev / 2 EPS |
| 2026-12-31 | $626.3M | $466.3M - $783.6M | $-0.12 | $-0.15 - $-0.08 | -$128.1M | -$223.6M | -$26.1M | $207.4M | 3 rev / 1 EPS |
| 2027-03-31 | $941.5M | $700.9M - $1.18B | $0.20 | $0.13 - $0.26 | -$192.5M | -$336.1M | $45.1M | $311.8M | 3 rev / 1 EPS |
| 2027-06-30 | $1.09B | $809.4M - $1.36B | $0.26 | $0.18 - $0.35 | -$222.3M | -$388.1M | $59.4M | $360.0M | 2 rev / 1 EPS |
| 2027-09-30 | $1.28B | $955.8M - $1.61B | $0.55 | $0.36 - $0.72 | -$262.5M | -$458.3M | $123.3M | $425.1M | 2 rev / 1 EPS |
| 2027-12-31 | $1.33B | $989.2M - $1.66B | $0.71 | $0.48 - $0.95 | -$271.7M | -$474.3M | $161.4M | $440.0M | 3 rev / 1 EPS |
| 2028-03-31 | $1.52B | $1.13B - $1.90B | $0.72 | $0.48 - $0.96 | -$309.8M | -$540.8M | $163.1M | $501.7M | 2 rev / 1 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 6 | $82.17 |
| Last quarter | 8 | $74.75 |
| Last year | 27 | $69.48 |
| All time | 40 | $51.41 |
Sources: StreetInsider, TheFly, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-04 | Macquarie | Maintain | Outperform | Outperform |
| 2026-06-04 | B. Riley Securities | Maintain | Buy | Buy |
| 2026-06-03 | Canaccord Genuity | Maintain | Buy | Buy |
| 2026-05-28 | Cantor Fitzgerald | Maintain | Overweight | Overweight |
| 2026-05-27 | B. Riley Securities | Maintain | Buy | Buy |
| 2026-05-11 | Macquarie | Maintain | Outperform | Outperform |
| 2026-05-11 | JP Morgan | Maintain | Underweight | Underweight |
| 2026-05-08 | HC Wainwright & Co. | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 1 | 10 | 3 | 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 |
| 2026-02-01 | 1 | 10 | 2 | 0 | 1 |
| 2026-01-01 | 1 | 10 | 2 | 1 | 1 |
| 2025-12-01 | 1 | 9 | 2 | 1 | 1 |
| 2025-11-01 | 1 | 9 | 2 | 1 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| 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 | $-10.25 |
| FY 2021 | $5.9M | $4.3M | 71.9% | $0 | -$236,497.8 | -$32.6M | -$45.3M | $-1.14 |
| FY 2020 | $1.5M | $868,894 | 57.7% | $0 | -$1.2M | -$888,988 | -$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 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 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 | $75.6M | $16.3M | $0 | $171.1M | $392.3M | $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 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% | 1.3x | 1.3x | -96.0% | 0.1% | 2.9x | 10.5x | -198.8% | 0.0% | -548d |
| FY 2021 | 71.9% | -4.0% | -764.6% | 0.2x | 0.2x | 122.1% | -0.9% | 223.9x | -40.8x | -0.3% | 0.0% | -53d |
| FY 2020 | 57.7% | -77.8% | -98.5% | 1.3x | 1.3x | -24.3% | -10.6% | 892.9x | -1513.0x | -0.4% | 0.0% | -218d |
| FY 2019 | 0.0% | -10700.8% | -15301.0% | 1.9x | 1.9x | -9.2% | -6.5% | 378351.8x | 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 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% | +69.4% | +59.7% | +60.6% | -8.9% | 0.0% | -15.3% | -98.7% |
| FY 2022 | +895.6% | +1110.4% | 0.0% | +295.4% | -825.8% | -799.1% | -6499.8% | -5303.6% | +158.3% | 0.0% | +288.6% | +72.1% |
| FY 2021 | +293.6% | +390.5% | 0.0% | +79.8% | -2954.9% | -2845.7% | +22.4% | -25.6% | +1396.5% | 0.0% | +772.3% | +4531.6% |
| FY 2020 | +142954.1% | 0.0% | 0.0% | -940.5% | -821.2% | -290.9% | -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% |
Segments
Revenue Mix
Latest product mix
Not available.
Latest geography mixFY 2025 · $501.0M
AUSTRALIA$484.6M · 96.7%
CANADA$16.4M · 3.3%
Product revenue annual
No segment history on file.
Geography revenue annual
| Period | Total | AUSTRALIA | CANADA | North America |
|---|---|---|---|---|
| FY 2025 | $501.0M | $484.6M | $16.4M | -- |
| FY 2024 | $188.8M | $184.1M | -- | $4.7M |
Transcripts15 on file
Transcripts
Events
Events
Next earnings
2026-08-27EPS est $-0.32
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