IREN · IREN Ltd
$40.54
-1.22 (-2.93%)
At close · Oct 5
Return incl. dividend (before tax)
Market Cap
$17.39B
Shares
394.06M
Volume · Oct 5
33.47M
Avg daily vol (3M)
42.67M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$41.76
Open$41.87
Day$40.95–43.91
52W close$29.31–76.41
Avg vol 30d39.0M
Short int83.1M · 21.1% float · 2.3d
Short vol38%
Last earningsAug 27, 2026
DataNov 2021–Oct 2026
Filing10-K · Aug 27
Up next
Next earnings call
Nov 26, 2026
Est · unconfirmed
· in 7 wks
filed Aug 27, 2026
call held Aug 27, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$707.01M
Trailing 12 months
Net income (TTM)
−$702.62M
Trailing 12 months
Revenue growth YoY
-26.7%
Year over year
Operating margin
-148.0%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-5.2%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+52.6%
Year over year · more shares
Price change (1Y)
-11.2%
Trailing year
Short interest
21.1%
Latest settlement · 2.3 days to cover
Equibles Research
our published analysis of this company
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Bullish
Fundamentals
Fair
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−8%
below
Price vs 50-day avg
+1%
above
RSI (14)
47
neutral
MACD trend
Negative
52-week position
26%
mid-range
Momentum
relative strength
1-month return
0%
trailing
6-month return
−3%
trailing
YTD return
+11%
this year
Relative strength
−15%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $41 › 200d $46 — 200d above 50d
Institutional flow
Accumulating
3 of 706 funds reported for Sep 30 · net +9.3K sh shares · +2 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
21.09% of float · ▼ -11.2% MoM · 2.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
706 holders — near 3-yr high, broad support
Squeeze score
63
elevated · 0–100
Fundamentals
Revenue growth
+41%
Y/Y
EPS growth
−669%
Y/Y
Free cash flow
$-897.6M
Buyback
$665.4M
authorized
Balance sheet
$1.7B
net debt
Quant / Vol
risk profile
Volatility
108%
annualized · 1-yr
Max drawdown
−62%
past year
ATR
6.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 27, 2026
Capex
· FY27
Initiated
$25B – $30B
Total CapEx
· FY27
Initiated
$25B – $30B
Prior guidance
period ended
· from the 8-K filed Aug 27, 2026
Operating ARR
· as of December 31, 2026
$4B
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−8%
Bearish
Price vs 50-day avg
+1%
Bullish
RSI (14)
47
Neutral
MACD trend
Negative
Bearish
52-week position
26%
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $41 › 200d $46 — 200d above 50d
Institutional flow
Accumulating
3 of 706 funds reported for Sep 30 · net +9.3K sh shares · +2 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
21.09% of float · ▼ -11.2% MoM · 2.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
706 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $29
Now $42 · 26%
Range high $76
vs 200-day avg -8%
vs 50-day avg +1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $245.7M | FY2026 | -8.9% |
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| Adjusted EBITDA Margin non-GAAP | 35% | Year Ended, June 30, 2026 | -35.2% |
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| Average operating hashrate | 36.5 | Year Ended June 30, 2026 filing | +42.0% |
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| Bitcoin mined | 6,075 | Year Ended June 30, 2026 filing | +10.5% |
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| Contracted ARR | 4B | FY2026 | — |
| Operating ARR | 1B | FY2026 | — |
| 2027 capacity - Childress air-cooled retrofit | 250 | 2027 plan | — |
| 2027 capacity - Childress liquid-cooled IT load (Horizons 5 and 6) | 100 | 2027 plan | — |
| Additional GPUs procured during the quarter | 50,000 | the March quarter | — |
| ARR under contract | $3.1B | Q3 FY2026 | — |
| Microsoft GPU-related Capex funded through prepayments and GPU financing | 95% | current | — |
| Secured power in Spain (Nostrum acquisition) | 490 | current | — |
| Sweetwater 1 initial IT load phase | 200 | 2027 plan | — |
| EBITDA non-GAAP | -$243.9M | Quarter ended December 31, 2025 | — |
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| Net electricity costs - Bitcoin Mining non-GAAP | -57.23M | three months ended December 31, 2025 filing | — |
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| Net electricity costs per Bitcoin mined non-GAAP | -$34.4 | three months ended December 31, 2025 filing | — |
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| Total net electricity costs non-GAAP | -58.02M | three months ended December 31, 2025 filing | — |
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| GPUs procured during the three months ended September 30, 2025 | 21,200 | the three months ended September 30, 2025 filing | — |
| Bitcoins mined | 4,191 | year ended June 30, 2024 filing | +28.6% |
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| Cost of power as a percentage of Bitcoin mining revenue | 31% | fiscal year ended June 30, 2025 filing | — |
| EBITDA margin non-GAAP | 56% | Year Ended June 30, 2025 filing | — |
| Installed hashrate capacity (total) | 50 | fiscal year 2025 filing | — |
| Installed hashrate capacity - Canal Flats | 1.6 | fiscal year 2025 filing | — |
| Installed hashrate capacity - Childress | 40.1 | fiscal year 2025 filing | — |
| Installed hashrate capacity - Mackenzie | 5.2 | fiscal year 2025 filing | — |
| Installed hashrate capacity - Prince George | 3.1 | fiscal year 2025 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IREN
this stock
IREN Ltd
|
$17.39B | +10.6% | +41.1% | — | 21.1% |
|
MS
Morgan Stanley
|
$308.32B | +7.2% | +5.5% | 15.9 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$272.38B | +2.7% | +8.9% | 14.4 | 2.4% |
|
SCHW
Schwab Charles Corp
|
$171.26B | -3.2% | +22.0% | 18.0 | 1.1% |
|
HOOD
Robinhood Markets, Inc.
|
$107.35B | -0.3% | +51.6% | 52.8 | 4.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IREN | -5.4% | +0.3% | -3.0% | +2.2% | +10.6% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -5.1% | +0.7% | -15.2% | +1.2% | -2.3% |
Capital returns
Buyback program
· as of Mar 31, 2026
Authorized
$665.40M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1878848
CUSIP
Q4982L109
13F (30d)
15 filings
11 filers
Visit website
Investor relations