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IREN Limited
IREN
NASDAQ·Technology·Information Technology Services·Mkt cap $15.5B
$38.82
▼ -10.39%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$14.72 - $76.87
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 176.6% 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
2 risks
- Very high volatility (beta 4.2). Expect 3x market swings. Position size accordingly.
- Growth premium of 8.6x vs sector peers. Significant premium - requires sustained high growth to justify.
Growth
Strong growth ahead
Cryptocurrency Market Expansion
Value
Growth premium of 8.6x vs sector peers. Significant premium - requires sustained high growth to justify.
Momentum
Hot
+24.6% over 3m
Quality
Strong
High-growth business (147% revenue growth, 54% gross margin). Profitable with strong growth momentum.
Dividend
None
No dividend
Smart-money signal
Who's buying IREN right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: May 13, 2026
MAY 7, 2026
Reported EPS of -$0.25 vs -$0.22 consensus (-14.5% surprise). Revenue of $144.8M vs $219.7M expected (-34.1%).
EPS surprise · last 4Q
0 of 1 beats
Q2 26
-14.5%
Next: May 13, 2026
Revenue trend · last 8Q
—
—
—
+177%
+172%
+235%
+342%
+3%
Q3 24
Q4 24
Q1 24
Q2 24
Q3 25
Q4 25
Q1 25
Q2 25
$54.3M
$55.9M
$54.4M
$117.9M
$148.1M
$187.3M
$240.3M
$121.2M
Margins · last 8Q
Gross
10.7%
Operating
-43.9%
Profit
-84.1%
Wall Street consensus
8 analysts · 88% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
88%
Hold
0%
Sell
13%
Median Price Target
$61.00
▲ +57.1% vs $38.82
Latest: Jefferies · Jun 18, 2026
3 analysts covering
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.
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