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IREN

IREN Ltd

$40.48-3.07% (-$1.28)
Day's range
$39.97 – $42.20
Day's volume
$1.3B
52-week range
$29.31 – $76.41

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IREN in numbers

Market cap
$14.5B
P/E
-20.59
P/B
3.46
Dividend yield (12m)
0.00%

IREN price history

10/06/202510/05/2026
Compare with

IREN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months
Return-15.33%+720.26%
Volatility (annualized)87.18%118.87%
Largest drawdown-42.08%-54.92%
Positive months6/1221/36

How much did investing in IREN return?

$1,000.00 invested on 12/01/2021 would be worth $2,503.40 today.

Value today in IREN
$2,503.40
Return over the period
+150.34%
Return per year
+20.86%
In the S&P 500
$1,631.07

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

IREN fundamentals

Valuation

  • P/E
    -20.59
  • P/B
    3.46
  • EV/EBITDA
    -25.70
  • EV/EBIT
    -15.44
  • EV/Revenue
    22.86
  • P/EBIT
    -13.82
  • P/S
    20.46
  • P/OCF
    6.89
  • P/FCF
    -16.12
  • Earnings yield
    -6.48%
  • PEG ratio
    —
  • Earnings per share
    -$1.97
  • Book value per share
    $11.71

Debt

  • Net debt
    $1.7B
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.41
  • Debt/Equity
    1.81
  • Current ratio
    3.55
  • Quick ratio
    —
  • Cash ratio
    2.65

Efficiency

  • Gross margin
    68.92%
  • EBITDA margin
    -88.96%
  • Operating margin
    -148.05%
  • Net margin
    -99.38%
  • Asset turnover
    0.04

Profitability

  • ROE
    -16.79%
  • ROA
    -4.45%
  • ROIC
    -17.64%
  • Payout
    —

IREN's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator2026202520242023
ROE-16.79%4.78%-2.64%-56.25%
ROIC-17.64%0.73%-2.48%-51.48%
Gross margin68.92%68.27%53.49%47.80%
EBITDA margin-88.96%39.61%12.41%-167.62%
Net margin-99.38%17.35%-15.45%-227.56%
Net debt/EBITDA—2.01——

IREN's financial statements

Line2026202520242023
Net revenue$707M$501M$187.2M$75.5M
Cost of revenue-$219.7M-$159M-$87.1M-$39.4M
Gross profit$487.3M$342M$100.1M$36.1M
EBITDA-$629M$198.5M$23.2M-$126.6M
EBIT-$1B$17.3M-$27.2M-$157.2M
Financial result$338M$76.2M$1.8M-$12.2M
Income before tax-$708.7M$93.5M-$25.5M-$169.4M
Income tax$6.1M-$6.6M-$3.5M-$2.4M
Net income-$702.6M$86.9M-$28.9M-$171.8M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does IREN pay dividends?

IREN has no distributions on record.

About Iren

Sector
Finance, insurance and real estate

Questions about IREN

How much is IREN today?

IREN is at $40.48 (-3.07% on the day), last traded on 10/05/2026.

What are the P/E and P/B of IREN?

IREN trades at a P/E of -20.59 and a P/B of 3.46.

How much did IREN return in 12 months?

IREN returned -15.33% in 12 months, with annualized volatility of 87.18% and a largest drawdown of -42.08%.