IREN Limited (IREN)

44.68USD +7.27% (+3.03)

Over 1M: +8.4%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

35 40 45
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q4 '23 — Revenue: 27.8M Q4 '23 — Operating Cash Flow: -71.4M Q4 '23 — Net Income: -6.9M Q1 '24 — Operating Cash Flow: -30.3M Q1 '24 — Net Income: -5.3M Q2 '24 — Revenue: 42.6M Q2 '24 — Operating Cash Flow: -24.2M Q2 '24 — Net Income: -5.2M Q3 '24 — Revenue: 54.3M Q3 '24 — Operating Cash Flow: -27.1M Q3 '24 — Net Income: 8.6M Q4 '24 — Operating Cash Flow: -49.4M Q4 '24 — Net Income: -27.1M Q1 '25 — Revenue: 52.8M Q1 '25 — Operating Cash Flow: -3.9M Q1 '25 — Net Income: -51.7M Q2 '25 — Revenue: 116.1M Q2 '25 — Operating Cash Flow: 53.6M Q2 '25 — Net Income: -21.9M Q3 '25 — Revenue: 144.8M Q3 '25 — Operating Cash Flow: 93.1M Q3 '25 — Net Income: -16.1M Q4 '25 — Revenue: 187.3M Q4 '25 — Operating Cash Flow: 103.1M Q4 '25 — Net Income: 176.7M Q1 '26 — Revenue: 240.3M Q1 '26 — Operating Cash Flow: 142.4M Q1 '26 — Net Income: 384.6M Q2 '26 — Revenue: 184.7M Q2 '26 — Operating Cash Flow: 71.7M Q2 '26 — Net Income: -155.4M Q3 '26 — Revenue: 144.8M Q3 '26 — Operating Cash Flow: 75.3M Q3 '26 — Net Income: -247.8M -150M 0 150M 300M 450M
Q1 '24 Q3 '24 Q1 '25 Q3 '25 Q1 '26 Q3 '26
Revenue Operating Cash Flow Net Income

How it scores

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?

1.8
EV/Sales 18.5×
EV/OE -8.5×
P/C 7.2×
FCF yield -9.1%
P/B 6.0×
P/E 101.0×
Div. yield —
EV/EBIT —
EV/GP —
Fwd P/E —
PEG —

2 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?

6.8
ND/EBITDA 0.14
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.