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IREN

IREN Limited

IREN

NASDAQ·Technology·Information Technology Services·Mkt cap $15.9B

$44.68

+7.27%

P/E

-17.59

Mkt Cap

$15.9B

52-Wk Range

$25.38–$76.87

52-Week Range

$25.38 - $76.87

P/E

-17.59

Fwd P/E

-29.53

Beta

4.29

Div Yield

0.00%

Avg Vol

47.4M

Shares Out

331.8M

Mkt Cap

$15.9B

Price action

Price chart

Up 70.6% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Vertically Integrated Infrastructure
  • Renewable Energy Focus
  • Strategic Geographic Locations
  • Advanced Computing Hardware

Bear Case

1 risk

  • Very high volatility (beta 4.3). Expect 3x market swings. Position size accordingly.

Growth

Stable outlook

Cryptocurrency Market Expansion

Value

Trading at 0.0x sector peers — a discount despite the growth profile.

Momentum

Falling

-24.5% over 3m

Quality

Excellent

Emerging growth company (27% revenue growth). Early stage with higher risk.

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 5, 2026

Q3 26 RECAP

AUG 27, 2026

Reported EPS of -$1.89 vs -$0.55 consensus (-243.1% surprise). Revenue of $137.2M vs $132.3M expected (+3.7%).

EPS miss
Rev beat +3.7%

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-243.1%

Revenue trend · last 8Q

+177%

+172%

+235%

+342%

+3%

-0%

-27%

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

Q4 26

$54.4M

$117.9M

$148.1M

$187.3M

$240.3M

$121.2M

$144.8M

$137.2M

Margins · last 8Q

Gross

Operating

Profit

-498.5%

Wall Street consensus

12 analysts · 83% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

10

83%

Hold

1

8%

Sell

1

8%

Median Price Target

Latest: Morgan Stanley · Sep 2, 2026

vs Industry

How IREN stacks vs Information Technology Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes