YOLFTbeta
IREN Ltd

IREN Ltd

IREN · NASDAQ · Financial Services / Capital Markets

18.17USD-1.31 (-6.72%)

Price History

Full chart

Market Stats

Previous Close19.48
Open19.12
Day Range17.39 – 19.13
52-Week Range17.16 – 70.71
Volume68.84M
Market Cap7.60B
P/E (TTM)0.00
Forward P/E65.36
EPS-4.08
Dividend Yield0.00%
Beta4.33
50-Day Avg34.52
200-Day Avg42.80

About

IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operates data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. Further, its division IREN Europe operates a planned AI data center in Badajoz, Spain that deliver approximately 300MW of capacity, including managed services to customers seeking greater choice over where their AI workloads run and how their data and infrastructure are managed in Europe. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. William Roberts
  • Employees685
  • Headquarters55 Market Street, Sydney, NSW, Australia, 2000, USA
  • Websitehttps://iren.com

Leadership

  • Mr. William RobertsCo-Founder, Co-CEO & Executive Director · b. 1990
  • Mr. Daniel RobertsCo-Founder, Co-CEO & Executive Director · b. 1984
  • Mr. Anthony John LewisChief Financial Officer · b. 1976
  • Mr. David ShawChief Operating Officer · b. 1967
  • Mr. Denis SkrinnikoffChief Technology Officer · b. 1985
  • Mr. Mike PowerVice President of Investor Relations
  • Ms. Cesilia KimChief Legal Officer & Secretary · b. 1975
  • Mr. Chris ParkerChief Marketing Officer
  • Kent DraperChief Commercial Officer
  • Mr. John GrossChief Innovation Officer

Financials

Income Statement

Currency: AUD2019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue1.05K1.51M5.93M59.04M75.51M187.19M501.02M707.00M
Growth (%)-+142954.13%+293.65%+895.61%+27.90%+147.91%+167.65%+41.11%
Cost of Revenue1.05K637.47K1.67M7.45M54.39M105.07M158.99M219.70M
Gross Profit-868.89K4.26M51.59M21.12M82.12M342.03M487.30M
Gross Margin-57.68%71.88%87.38%27.97%43.87%68.27%68.93%
Operating Expense-2.04M4.50M51.13M69.68M109.39M319.91M1.53B
Operating Income-112.68K-1.17M-236.50K462.00K-48.56M-27.28M22.12M-1.05B
Operating Margin-10700.76%-77.83%-3.99%0.78%-64.31%-14.57%4.42%-148.05%
EBITDA4.21K-656.51K-32.58M16.14M-122.56M25.10M285.68M34.73M
EBITDA Margin400.00%-43.58%-549.41%27.33%-162.31%13.41%57.02%4.91%
Net Income-161.12K-1.48M-45.34M-419.77M-171.83M-28.92M86.94M-702.60M
Net Income Margin-15301.04%-98.53%-764.62%-711.03%-227.56%-15.45%17.35%-99.38%
Interest Expense070.67K10.90M425.44M16.21M98.00K11.04M59.25M
Interest Expense % of Total Revenue0.00%4.69%183.78%720.63%21.46%0.05%2.20%8.38%

Balance Sheet

Currency: AUD2019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets1.86M11.57M100.95M570.46M332.07M1.15B2.94B15.79B
Total Liabilities109.52K1.91M138.09M133.10M26.71M55.35M1.12B11.60B
Total Equity1.75M6.11M-37.13M437.36M305.36M1.10B1.82B4.19B
Cash84.95K1.96M29.27M109.97M68.89M404.60M564.53M5.90B
Total Debt32.29K1.36M62.93M108.29M1.45M1.32M964.23M7.84B
Net Debt-52.65K3.46K33.66M-1.68M-67.45M-403.28M399.71M1.94B

Cash Flow

Currency: AUD2019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow-434.92K-987.00K1.31M21.56M5.73M52.22M245.89M2.10B
Investing Cash Flow-2.28M-4.49M-60.69M-318.12M-71.47M-498.47M-1.38B-4.72B
Financing Cash Flow2.83M7.31M88.04M372.04M28.56M782.13M1.29B9.68B
Capital Expenditure2.10M4.34M5.45M294.25M116.06M479.91M1.37B4.33B
Free Cash Flow-2.53M-5.32M-4.13M-272.69M-110.33M-427.69M-1.13B-2.23B
Dividends Paid---3.05M----
FCF to OCF582.33%539.24%-314.54%-1264.97%-1925.90%-819.03%-458.24%-106.30%
Dividend Paid to FCF----1.12%----

Earnings

Report DateSep 30, 2019Dec 31, 2019Mar 31, 2020Jun 30, 2020Sep 30, 2020Mar 31, 2021Jun 30, 2021Aug 26, 2021Nov 18, 2021Feb 9, 2022May 11, 2022Sep 13, 2022Nov 30, 2022Feb 15, 2023Jun 27, 2023Sep 13, 2023Nov 29, 2023Feb 15, 2024May 15, 2024Aug 28, 2024Nov 26, 2024Feb 12, 2025May 14, 2025Aug 28, 2025Nov 6, 2025Feb 5, 2026May 8, 2026Aug 27, 2026Nov 5, 2026
EPS Estimate0.000.000.000.000.000.000.00-0.050.190.07-0.13-0.24-0.15-0.26-0.17-0.010.060.050.03-0.070.060.140.220.14-0.25-0.34-0.50-0.49
EPS Actual-0.02-0.02-0.04-0.05-0.02-1.41-1.39-0.04-1.460.230.03-0.21-0.34-0.06-0.11-0.05-0.080.080.07-0.16-0.160.090.110.210.01-0.03-0.16-0.41-0.62
Surprise---------3020.00%21.05%-57.14%-61.54%-41.67%60.00%57.69%70.59%-769.57%33.33%40.00%-633.33%-128.57%50.00%-21.43%-4.55%-92.86%88.00%52.94%18.00%-26.53%
Timing--------After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap7.60B
Enterprise Value14.96B
Trailing P/E0.00
Forward P/E65.36
PEG Ratio4.05
Price / Sales10.94
Price / Book1.73
EPS-4.08
Book Value12.57
Revenue (TTM)695.01M
Gross Profit (TTM)510.30M
EBITDA-30.65M
Profit Margin-194.33%
Operating Margin-72.91%
Return on Equity-33.80%
Return on Assets-2.55%
Shares Outstanding424.36M
Shares Float416.07M
Beta4.33
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 20 analystsTarget 56.69
  • Strong Buy
    13
  • Buy
    3
  • Hold
    4

Ownership Breakdown

Institutions
57.29%
Insiders
6.22%
Retail / Other
36.49%

Top Institutional Holders

  • Bank of America Corp
    14.21M3.51%
  • BlackRock Inc
    13.32M3.29%
  • The Goldman Sachs Group Inc
    12.52M3.09%
  • Citigroup Inc
    11.47M2.83%
  • Situational Awareness LP
    9.47M2.34%
  • Value Aligned Research Advisors LLC
    8.47M2.09%
  • Morgan Stanley - Brokerage Accounts
    7.26M1.79%
  • State Street Corp
    6.39M1.58%
  • NORGES BANK
    5.20M1.28%
  • CANTOR FITZGERALD, L. P.
    5.03M1.24%
  • Jane Street Group LLC
    4.25M1.05%
  • Daiwa Securities Group Inc
    4.24M1.05%
  • Deutsche Bank AG
    3.95M0.98%
  • Clear Street Group Inc
    3.29M0.81%
  • UBS Group AG
    3.27M0.81%
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
    3.05M0.75%
  • Fred Alger Management, LLC
    2.87M0.71%
  • JPMorgan Chase & Co
    2.70M0.67%
  • Two Sigma Investments LLC
    2.61M0.65%

Top Fund Holders

  • BIT Global Technology Leaders R-I
    3.92M1.10%