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StockVS

NASDAQ · Capital Markets · USD

IREN Limited (IREN) Stock Analysis

IREN Limited (IREN) is a Capital Markets stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

IREN

$27.84

+$1.22 (+4.58%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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IREN Key Statistics

As of Oct 21, 2026
Trading
Open
$27.64
Previous Close
$26.62
Day's Range
26.40–28.39
52-Week Range
25.59–76.87
Volume
49.88M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
4.27
Valuation
Market Cap
$10.97B
P/E Ratio
unprofitable
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
3.11
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
15.52
EPS (ttm)Profit attributable to each share over the last twelve months.
−2.22
Financials (FY)
Revenue (FY)
$501.02M+167.65%
Net Income (FY)
$86.94M
Profit marginThe share of revenue left as profit after all costs and taxes.
−99.38%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
394.06M
1-Year Return
−49.56%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
45.07M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, IREN closed at $27.84, −49.56% over 1 year.

IREN Limited (IREN) has a market capitalization of $10.97B.

In fiscal 2025, IREN reported revenue of $501.02M.

IREN Stock Return by Calendar Year

IREN Limited (IREN) return since Nov 2021: what $10,000 became

1 year
$10,000 $5,044
−49.56%
3 years
$10,000 $88,662
+786.62%
Since Nov 2021
$10,000 $11,387
+13.87%

If you had invested $10,000 in IREN Limited (IREN) at the close on November 17, 2021, the earliest close on record here, it would have been worth $11,387 at the close on October 21, 2026: +13.87% in total, +2.67% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−26.29%
2025+284.62%
2024+37.34%
2023+472.00%
2022−92.27%
2021 (partial year)−33.87%

As of October 21, 2026.

IREN Revenue and Earnings by Fiscal Year

FY ends June
Fiscal yearRevenueNet incomeNet margin
2025$501.02M$86.94M17.4%
2024$187.19M−$28.92M−15.4%
2023$75.51M−$171.83M−227.6%
2022$59.04M−$419.77M−711.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$501.02M$342.03M$22.12M$86.94M17.4%
2024$187.19M$82.12M−$27.28M−$28.92M−15.4%
2023$75.51M$21.12M−$48.56M−$171.83M−227.6%
2022$59.04M$51.59M$462.00K−$419.77M−711.0%

Annual figures as reported, in the company's reporting currency. As of June 30, 2025.

IREN Valuation vs Capital Markets Median

Median of 100 stocks
MetricIRENCapital Markets medianvs median
P/S ratio15.522.276.8x the median
Profit margin−99.38%3.34%102.7 pts below

Medians across 100 Capital Markets stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

IREN Limited (IREN) carries a market capitalisation of $10.97B. It is classified in the Capital Markets industry, within the Financial Services sector. The company reports 685 employees.

Over the past 52 weeks the price has ranged from $25.59 to $76.87. The most recent close on file for IREN is $27.84, dated October 21, 2026. That is +$1.22 (+4.58%) against the previous close. The latest close sits 8.79% above that 52-week low.

Financial Health

In fiscal 2025, IREN Limited reported revenue of $501.02M. That is +167.65% against the prior fiscal year, when revenue was $187.19M. The same year closed with net income of $86.94M. The reported profit margin is −99.38%. That is 102.7 percentage points below the Capital Markets median of 3.34%. Trailing earnings per share are −2.22.

Across the 4 fiscal years on file, revenue moves from $59.04M in 2022 to $501.02M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The PEG ratio, which sets the P/E against expected earnings growth, reads 3.11. Measured against sales, the shares trade at 15.52 times revenue. On price-to-sales that is 6.8 times the Capital Markets median of 2.27. 100 Capital Markets companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 4.27. Daily returns over the trailing 4 years annualize to a volatility of 117.42%. Over the trailing twelve months the total return is −49.56%. Measured over 3 years, that is +106.97% a year compounded.

Growth & Income

The record shows no dividend for IREN.

Across the complete calendar years on file, 2023 returned +472.00% and 2022 returned −92.27%. Of the 4 complete calendar years on file, 3 finished higher. 2026 is still running; the total return is −26.29% year to date.

Peer Comparison

IREN Limited (IREN) operates in the Capital Markets industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
IREN Limited IREN $10.97B —
Morgan Stanley MS $293.71B 14.8
The Goldman Sachs Group, Inc. GS $263.43B 13.0
The Charles Schwab Corporation SCHW $158.48B 15.7

The Capital Markets industry average P/E ratio is 15.7x. IREN Limited has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About IREN Limited

IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia.

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