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IREN Ltd

IREN

$18.98 ▼ -3.22 (-14.50%) at close

7 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

IREN Ltd faces fundamental challenges with weakness in Profit Margin (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $6.0B

Dividend Yield —

Revenue Growth 41.1% ↘

Op. Margin -148.0% ↘

ROIC -8.8% ↘

FCF / Share $-2.84 ↘

Trailing P/E —

Price / Book 1.4x

FCF Yield —

Debt / Equity 1.81

info Valuation on last close. End-of-day price, Nov 5, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$707.01M

↑ +41.1% —

Net Income Profit after all expenses

$-702.62M

↓ -908.2% —

Operating Margin Operating profit as % of sales

-148.0%

↓ -4380.9% 0th

FCF / Share Free cash flow per share

$-2.84

↓ -86.0% —

Long-Term Debt Long-term obligations

$7.59B

↑ +688.7% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↑

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.00 Latest / share

FY 2020

FY 2021

FY 2022

$0.00

FY 2023

$0.00

FY 2024

$0.00

FY 2025

$0.00

FY 2026

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Revenue Growth YoY (%)	41.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+585%)	167.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2694%)	147.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2365%)	—	—	—	—
EPS Growth YoY (%)	N/M	N/M	90.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	N/M	N/M	83.2% Excellent ↑ Excellent Improving Year-over-year change in net income	59.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-595.1% Weak Weak Year-over-year change in net income	-2719.3% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	-86.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	-69.7% Weak Weak Year-over-year change in free cash flow	55.3% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	110.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Operating Margin (%) (%)	-148.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-692%)	3.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-14.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-158%)	-208.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-933%)	—	—	—
Effective Tax Rate (%) (%)	0.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-13.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	-99.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-552%)	17.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	-15.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-170%)	-227.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1134%)	—	—	—
FCF Margin (%) (%)	-127.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-65.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-47.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-146.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	1.28x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-3.77x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.10x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.64x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Return on Invested Capital (%)	-8.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-52.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—
Return on Capital (%) (%)	-6.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	-2.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—
Return on Common Equity (%) (%)	-16.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-240%)	4.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	-2.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-122%)	-56.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-569%)	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Debt to Equity (x)	1.81x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+51%)	0.53x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	—	—	—	—	—
Interest Coverage (x)	-22.47x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.66x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-127.86x Weak Weak Operating income divided by interest expense Optimal: > 5x	-38.33x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$1.70B	$398.24M	$-404.60M	—	—	—	—
Debt / EBITDA (x)	-12.07x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.85x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Revenue per Share (USD)	$2.24	$2.33	$1.88	$1.38	—	—	—
Basic EPS, GAAP (USD)	$-2.22	$0.41	$-0.29	$-3.14	—	—	—
Free Cash Flow per Share (USD)	$-2.84	$-1.53	$-0.90	$-2.01	—	—	—
Dividend per Share (USD)	$0.00	$0.00	$0.00	$0.00	—	—	—
Book Value per Share (USD)	$13.24	$8.47	$11.01	$5.58	—	—	—
Tangible Book Value per Share (USD)	$12.12	$8.47	$11.01	$5.58	—	—	—
Basic Weighted Avg Shares (shares)	316.12M	214.59M	99.64M	54.78M	—	—	—
Dividend Payout Ratio (%)	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Working Capital (USD)	$5.67B	$491.83M	$401.31M	—	—	—	—
LT Debt (USD)	$7.59B	$962.76M	—	—	—	—	—
Total Equity (USD)	$4.19B	$1.82B	$1.10B	$305.45M	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2026 Jun 30, 2026 10-K ↗	FY 2025 Jun 30, 2025 10-K ↗	FY 2024 Jun 30, 2024 10-K ↗	FY 2023 Jun 30, 2023 10-K ↗	FY 2022 Jun 30, 2022 20-F ↗	FY 2021 Jun 30, 2021 20-F ↗	FY 2020 Jun 30, 2020 20-F ↗
Sales/Revenue/Turnover (USD)	$707.01M	$501.02M	$187.19M	$75.51M	—	—	—
Depreciation Expense (USD)	$417.73M	$181.14M	$50.47M	$30.67M	—	—	—
Net Income, GAAP (USD)	$-702.62M	$86.94M	$-28.92M	$-171.83M	$-419.77M	$-60.39M	$-2.14M
Operating Cash Flow (USD)	$2.10B	$245.89M	$52.22M	$5.73M	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 7 years · 13 quarters

IREN Ltd

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

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