IREN Limited (IREN)

35.45 -12.53% (-5.08)

Over 5Y: +45.0%

2026-08-28
25 50 75
2022 2023 2024 2025 2026

Financials Quarterly

Q4 '25 — Revenue: 187.3M Q4 '25 — Operating Cash Flow: 103.1M Q4 '25 — Free Cash Flow: -81M Q4 '25 — Net Income: 176.7M Q1 '26 — Revenue: 240.3M Q1 '26 — Operating Cash Flow: 142.4M Q1 '26 — Free Cash Flow: -38M Q1 '26 — Net Income: 384.6M Q2 '26 — Revenue: 184.7M Q2 '26 — Operating Cash Flow: 71.7M Q2 '26 — Free Cash Flow: -468M Q2 '26 — Net Income: -155.4M Q3 '26 — Revenue: 144.8M Q3 '26 — Operating Cash Flow: 75.3M Q3 '26 — Free Cash Flow: -873.8M Q3 '26 — Net Income: -247.8M -600M -300M 0 300M 600M
Q4 '25 Q1 '26 Q2 '26 Q3 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-03-31, reported in USD. The newest fact in the filings is dated 2026-03-31, 152 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.1
SBC / sales 23.9%
OE margin -216.8%
Oper. margin -54.0%
ROIC -44.5%
Accruals -3.2%
Gross margin 68.4%
OCF margin 51.8%
ROA 2.2%
ROE 5.9%
Capex / sales 244.8%
FCF margin -193.0%
ROCE -6.2%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

4.9
RPO / sales 0.94×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.5
ND/EBITDA —
Interest cover -10.2×
Cash / Debt 8.1×
Debt / Eq 0.1×
Debt payback 0.0 yr
Payout 0.0%
Quick ratio 3.7×
F-score 6.8 pts
Cash runway 1.3 yr

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

6.0
Sales CAGR 4Y +182.2%
Sales Q/Q -0.019%
Shares change +124.2%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —
Sales/sh Y/Y —

2 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.