IREN Ltd
IREN Nasdaq· Finance Services
Last close · Oct 26, 2026
$25.43
KIRA · Stoqly’s AI analyst, in plain words
- IREN Ltd had $707M of revenue in fiscal 2026, up 41.1% on the year before.
- Its operating margin was −148.0%, down 151.5 pts: of every 100 in sales, about −148 is left after running the business.
- IREN Ltd lost $703M in fiscal 2026.
- Free cash flow was −$898M in fiscal 2026, −127.0% of revenue.
- IREN Ltd owes $1.9B more than it holds in cash.
Market cap
$8.0B
P/E
—
Revenue
$707M
Net income
−$703M
Free cash flow
−$898M
Operating margin
−148.0%
IREN Ltd in 30 seconds · fiscal 2026
Are sales growing?
+41.1%
Yes. Sales grew 41.1% last year.
Does it make a profit?
−99.4%
No. It lost money last year.
Does profit turn into cash?
−127.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What IREN Ltd does
No business description yet.
- Fiscal year ends
- June 30, 2026
- Latest annual report
- 10-K · Aug 27, 2026
- Legal name
- IREN Ltd
- CIK
- 0001878848
IREN Ltd · IREN
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $75.5M | $187M | $501M | $707M |
| Revenue growth | — | 147.9% | 167.7% | 41.1% |
| Gross margin | 47.8% | 53.5% | 68.3% | 68.9% |
| Operating margin | −208.2% | −14.5% | 3.5% | −148.0% |
| Net income | −$172M | −$28.9M | $86.9M | −$703M |
| Net margin | −227.6% | −15.4% | 17.4% | −99.4% |
| Diluted EPS | −$3.14 | −$0.29 | $0.39 | −$2.22 |
| Cash | ||||
| Cash from operations | $5.7M | $52.2M | $246M | $2.1B |
| Capital expenditure | $116M | $142M | $573M | $3.0B |
| Free cash flow | −$110M | −$89.6M | −$328M | −$898M |
| FCF margin | −146.1% | −47.9% | −65.4% | −127.0% |
| Share count change | — | 81.9% | 124.1% | 41.6% |
| Debt and strength | ||||
| Cash and short-term investments | $68.9M | $411M | $565M | $5.9B |
| Debt incl. finance leases | — | — | $963M | $7.8B |
| Shareholders' equity | $305M | $1.1B | $1.8B | $4.2B |
| Net debt / EBITDA | — | — | 2.0x | — |
| Current ratio | — | 8.9x | 4.3x | 3.6x |
| Interest coverage | −9.7x | −277.9x | 1.6x | −17.7x |
| Returns and quality | ||||
| Return on capital | — | — | 0.7% | −14.1% |
| Return on equity | −56.3% | −4.1% | 6.0% | −23.4% |
| Return on tangible equity | −56.3% | −2.6% | 4.8% | −18.3% |
| Piotroski F-score | — | — | 6 | 3 |
| Altman Z'' | — | 21.0 | 2.2 | 2.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
IREN Ltd · IREN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $25.43 a share, the company is worth $8.0B.
Source: SEC EDGAR XBRL filings (CIK 0001878848). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.