IREN Limited Ordinary Shares (IREN) Stock Analysis
Market Closed
Sector: Financial Services · Industry: Finance Services
AnalystsStrong Buy23 analystsWhat's happening with IREN
Price History
5-Year Weekly Candlestick Chart
Profile
valuation, growth, earnings quality and profitability lag behind.
How is each axis scored?
- Valuation0/100 · Weak
- P/E vs own history (91th pct)0/25
- FCF yield (-1.8%)0/25
- P/S (36.7x)0/25
- EV/EBIT (1094.5x)0/25
- Growth0/100 · Weak
- Revenue CAGR (n/a)0/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability35/100 · Weak
- ROIC (0.4%)5/25
- ROE (3.5%)5/25
- Net margin (17.4%)20/25
- Operating margin (3.5%)5/25
- Financial Health63/100 · Moderate
- Altman Z (2.53)18/25
- Current ratio (4.96)25/25
- Interest coverage (-9.9x)0/25
- Net cash / debt (D/A 8%)20/25
- Quality6/100 · Weak
- Piotroski F (0/9)0/25
- Beneish M (n/a)0/25
- FCF conversion (-377%)0/25
- Margin stability (σ 20.6%)6/25
About IREN Limited Ordinary Shares
IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure. Show more
The company is in the process of converting its existing bitcoin capacity for AI purposes and securing new power and land supply to expand its data center operation. IREN works closely with industry leaders in AI, such as Microsoft, to support their cloud infrastructure ambitions.
Headquarters: SYDNEY · Employees: 685 · Website ↗
Insider Transactions
Recent SEC Form 4 filings
- BuyGrant / award · filed 2026-07-01+27.0K sh2026-07-01
- BuyGrant / award · filed 2026-07-01+6.7K sh2026-07-01
- BuyGrant / award · filed 2026-07-01+6.7K sh2026-07-01
- BuyGrant / award · filed 2026-07-01+552.2K sh2026-07-01
- BuyGrant / award · filed 2026-07-01+9.10M sh2026-07-01
+3 more recent filings
Key Metrics
Financial snapshot — pillar inputs plus per-share and market context
Valuation
0EP/E (TTM)187.8xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 2.7x–317.9x · 91st pct
P/FCF—
Price / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-1.8%D
Grade D: NegativeTTM FCF / Market Cap — vs own 5Y history: -138.4%–-1.2% · 94th pct
P/S (TTM)36.70xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 0.5x–55.2x · 94th pct
EV/EBIT1094.5xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 37.3x–1603.9x · 94th pct
EV/Sales28.9xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E—
Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio7.32xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
35DROIC0.4%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE3.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-8.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin17.4%A
Grade A: HighNet Income / Revenue
Operating Margin3.5%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin68.3%A
Grade A: PremiumGross Profit / Revenue
FCF Margin-65.4%D
Grade D: LowFCF / Revenue
True FCF Margin-73.9%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Financial Health
63BAltman Z-Score2.53C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio4.96xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio3.50xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-9.9xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT33.1xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.53xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.85xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Growth
0ERevenue CAGR—
Compound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Implied 1Y EPS growth from forward P/E vs our TTM EPS. Sparse — only where forward estimates exist
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income49.0%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue8.5%D
Grade D: HighTTM stock-based comp / TTM Revenue
Quality
6EPiotroski F-Score0/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score—
Earnings manipulation risk. < -2.22 Safe
FCF Conversion-376.8%D
Grade D: PoorFCF / Net Income
Margin Stability20.6%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue114.5%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.04xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Per Share, Balance Sheet, MarketHide additional metrics
Per Share
EPS (TTM)$0.25
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$15.51
Cash & short-term investments per share (Finnhub)
Book Value / Share$11.01
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$3.83B
Total debt obligations (short + long term)
Cash & Equiv.$3.26B
Cash and short-term investments
Net Debt$573.66M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$2.51B
Shareholders' equity (book value)
Asset / Liability1.56xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$18.39B
Current Market Capitalization
Beta4.30D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
Takeaway
IREN exhibits moderate financial health alongside weak profitability and negative free cash flow, while its valuation trades at the peak of its historical range.
Company has negative FCF, making debt repayment from operations difficult. · Current P/E of 187.8x sits at the 91st percentile of its historical range.
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Dec 2025 · Ratio snapshot Sep 24, 2026
Key Insights: IREN Limited Ordinary Shares (IREN)
Composite verdict for IREN Limited Ordinary Shares: IREN exhibits moderate financial health alongside weak profitability and negative free cash flow, while its valuation trades at the peak of its historical range.. IREN Limited Ordinary Shares meets only 0 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 2.53 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Free-cash-flow margin is negative (-65%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
- Interest coverage of -9.9× leaves little room for earnings shocks.
- At a valuation score of 0/100, IREN trades at a premium to its historical multiples (P/E 187.8).
See how IREN ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all IREN moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 21 | Pre-market | 48.16 | +3.17% | 2.11 |
Frequently Asked Questions about IREN
Is IREN stock a buy right now?
PreMarketPrice's quantitative model rates IREN Limited Ordinary Shares's financial health at 63/100 — IREN exhibits moderate financial health alongside weak profitability and negative free cash flow, while its valuation trades at the peak of its historical range.. This is a data-driven snapshot of fundamentals, not investment advice.
Is IREN stock overvalued?
IREN Limited Ordinary Shares trades at a trailing P/E of 187.8 and our valuation score rates it 0/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does IREN Limited Ordinary Shares report earnings?
No confirmed earnings date is currently scheduled for IREN. The Earnings section lists recent reports and updates as dates are announced.
What sector does IREN Limited Ordinary Shares operate in?
IREN Limited Ordinary Shares operates in the Financial Services sector, within the Finance Services industry. The Related Stocks section lists sector peers for comparison.
What does IREN Limited Ordinary Shares do?
IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure.
About IREN Limited Ordinary Shares (IREN) Stock
IREN Limited Ordinary Shares (IREN) is a US-listed stock operating in the Financial Services sector, specifically the Finance Services industry. Real-time pricing data for IREN Limited Ordinary Shares is available on this page with a market capitalization of $18.4 billion. The financial health score for IREN is 63/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for IREN stock.
IREN Stock Analysis & Key Metrics
On PreMarketPrice, you can track IREN Limited Ordinary Shares (IREN) across multiple dimensions:
- Pre-market price & movement: Real-time IREN stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for IREN with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for IREN Limited Ordinary Shares across multiple reporting periods.
- Financial health score: A composite score of 63/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for IREN.
- Sector peers: Compare IREN against 10 other financial services stocks on key financial metrics.
Is IREN a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate IREN Limited Ordinary Shares (IREN) as an investment. The financial health score of 63/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.IREN Limited Ordinary Shares (IREN) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.