IREN Ltd (IREN) stock

IRENNasdaqFinance ServicesFiscal year ends June 30

Financials through Q1 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 4/30

$18.17−1.31 (-6.72%)

Close on Nov 13, 2026Market cap $7.16BP/E –Yield 0.00%

IREN statistics

90 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 4, 2027 (estimated, after the close)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $7.16B; $238.70M
Enterprise Value: $13.54B; $206.84M
PS Ratio: 10.31; 2.80
PB Ratio: 1.40; 0.95
P/TBV Ratio: 1.70; 1.13
P/OCF Ratio: 2.88; 5.84

Enterprise valuationIndustry

EV / Sales: 19.48; 2.54

Share statisticsIndustry

Shares Outstanding: 394M; 55M
Shares Change (YoY): 30.8%; 13.6%
Float: 363M; 40M
Shares Held by Insiders: 7.88%; 18.2%
Shares Held by Institutions: 54.5%; 27.7%

Short sellingIndustry

Short Interest: 95M; –
Short Interest Change: 0.07%; -0.08%
Short % of Float: 26.1%; 6.48%
Short % of Shares Outstanding: 24.0%; 5.35%
Days to Cover: 1.72; 3.79

Stock price statisticsIndustry

52-Week High: $70.71; –
52-Week Low: $17.16; –
20-Day Moving Average: $23.60; –
50-Day Moving Average: $34.05; –
200-Day Moving Average: $42.59; –
Average True Range (14): $2.74; –
Price Change (1 Week): -16.0%; -4.00%
Price Change (1 Month): -40.2%; -17.2%
Price Change (3 Months): -59.5%; -15.4%
Price Change (6 Months): -65.7%; -32.2%
Price Change (YTD): -51.9%; -37.2%
Price Change (1 Year): -67.4%; -50.6%
Price Change (3 Years): 524.4%; -32.7%
Average Volume (10 Days): 81M; –
Average Volume (20 Days): 68M; –
Average Volume (90 Days): 50M; –
Relative Volume: 1.41; 0.72
Relative Strength Index (14): 32.7; 39.6
Volatility (1 Year): 109.7%; 94.5%
Beta (5 Years): 2.16; 1.24

MarginsIndustry

Gross Margin: 73.4%; 41.7%
Operating Margin: -166.4%; -134.4%
Pretax Margin: -222.4%; -6.66%
Profit Margin: -194.4%; -19.4%
EBITDA Margin: -97.3%; -66.0%
FCF Margin: -354.3%; -32.1%

Returns on capitalIndustry

Return on Equity (ROE): -33.8%; -20.8%
Return on Assets (ROA): -10.9%; -7.97%
Return on Invested Capital (ROIC): -13.7%; -25.6%
Return on Capital Employed (ROCE): -6.94%; -18.0%

Financial positionIndustry

Current Ratio: 1.60; 1.55
Quick Ratio: 0.94; 0.43
Debt / Equity: 1.93; 0.18
Interest Coverage: -9.40; -7.27

GrowthIndustry

Revenue Growth (YoY): 0.94%; 15.4%
Net Income Growth (YoY): -357.9%; -22.9%
Revenue Growth (3Y CAGR): 110.8%; 5.94%
Revenue Growth (5Y CAGR): 145.7%; 10.7%

EfficiencyIndustry

Asset Turnover: 0.06; 0.16
Revenue Per Employee: $1.01M; $675.54K
Profits Per Employee: -$1.97M; -$170.28K
Employee Count: 685; 47
WACC: 9.00%; 11.0%

Income statement (TTM)Industry

Revenue: $694.71M; $63.78M
Gross Profit: $509.68M; $2.09M
Operating Income: -$1.16B; -$13.20M
Pretax Income: -$1.54B; -$2.77M
Net Income: -$1.35B; -$3.15M
EBITDA: -$675.81M; -$7.83M
EPS (Diluted): -$3.80; -$0.01

Balance sheetIndustry

Cash & Short-Term Investments: $3.52B; $19.18M
Total Debt: $9.90B; $41.87M
Net Cash (Debt): -$6.38B; $7.04M
Net Cash Per Share: -$16.18; $0.19
Equity (Book Value): $5.12B; $224.68M
Book Value Per Share: $12.98; $4.10
Tangible Book Value: $4.21B; $156.69M
Working Capital: $2.35B; $11.77M

Cash flow (TTM)Industry

Operating Cash Flow: $2.49B; -$5.12M
Capital Expenditures: -$4.95B; -$4.95M
Free Cash Flow: -$2.46B; -$13.57M
FCF Per Share: -$6.25; -$0.22

Dividends and yieldsIndustry

Earnings Yield: -18.9%; -13.4%
FCF Yield: -34.4%; -15.4%
Dividend Yield: 0.00%; 1.98%
Shareholder Yield: 0.00%; 0.51%
Dividend Per Share: $0.00; $1.06
Years of Dividend Growth: 0; 0

Taxes and interestIndustry

Interest Expense: $122.97M; $4.05M
Income Tax: -$194.75M; $213.00K

Scores and fair valueIndustry

Altman Z-Score: 0.16; 0.36
Piotroski F-Score: 3; 4
Beneish M-Score: 4.34; -2.99

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	IREN	S&P 500	Difference	IREN per year	S&P 500 per year
1 month	-47.8%	-3.0%	−44.7 pts
3 months	-59.4%	-2.8%	−56.6 pts
Year to date	-51.9%	+11.5%	−63.4 pts
1 year	-62.7%	+13.5%	−76.1 pts
3 years	+507.7%	+77.7%	+430.0 pts	+82.5%	+21.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

95M IREN shares were sold short on Oct 30, 2026, up 0.1% from the previous report, or 26.08% of the shares available to trade. At recent volumes it would take 1.7 days to buy them back. Over the last 20 sessions, 32.0% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	94,679,895	+0.1%	55,055,746	1.7
Oct 15, 2026	94,617,935	+15.9%	51,965,505	1.8
Sep 30, 2026	81,653,639	-1.7%	34,982,123	2.3
Sep 15, 2026	83,089,334	-11.2%	35,818,343	2.3
Aug 31, 2026	93,610,835	-0.7%	45,384,619	2.1
Aug 14, 2026	94,246,133	-4.0%	42,819,714	2.2
Jul 31, 2026	98,219,154	+4.8%	52,599,944	1.9
Jul 15, 2026	93,712,658	+23.3%	40,239,411	2.3
Jun 30, 2026	76,026,194	+18.0%	35,868,006	2.1
Jun 15, 2026	64,438,550	+16.0%	48,701,159	1.3
May 29, 2026	55,544,942	+9.0%	47,721,349	1.2
May 15, 2026	50,936,731	-12.7%	63,995,526	1.0