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IREN Ltd (IREN)

IREN Ltd (NASDAQ: IREN) is a common stock listing of a company that operates vertically integrated data center infrastructure in Australia and Canada. Its business includes ownership and operation of computing hardware, electrical infrastructure, and data centers, and it also mines Bitcoin through the Bitcoin network. The company was incorporated in 2018 and is based in Sydney, Australia. It changed its name from Iris Energy Limited to IREN Limited in November 2024.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Market Outlook FAQ

Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-IREN
$35.74
-23.4% Downside
Overvalued
$80.21
71.8% Upside
Bargain
Fair
0.0%
December 1, 2026
4.4x
26.0x
18.395 B
20.339 B
31.4%
87.8%
5.6
317.8%
Valuation • Fair Value

IREN Ltd (NASDAQ-IREN) Fair Value by Valuation Model

Review the available estimates for IREN Ltd (NASDAQ-IREN), including DCF Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$35.74

Estimated downside of 23.4% versus the current market price.

Fair Value Confidence

Low

Confidence level for the primary fair value estimate.

DCF Fair Value

$29.71

Discounted cash flow valuation reference.

Comps Fair Value

$37.75

Comparable-company valuation reference.

Analyst Price Target

$80.21

Analysts imply upside of 71.8%.

How to read these valuation models

Use the 5 available valuation references for IREN Ltd (NASDAQ-IREN) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for IREN Ltd (NASDAQ-IREN)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

707 M

Current operating scale indicator.

Revenue Forecast

912.2 M

Forward revenue estimate.

EBITDA

38.347 M

Current operating profitability reference.

EBITDA Forecast

483.2 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review IREN Ltd (NASDAQ-IREN) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for IREN Ltd (NASDAQ-IREN)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

3

Weak quality score that deserves closer review.

Beneish M-Score

4.38

Higher caution zone on this screen.

Altman Z-Score

5.6

Relatively strong balance-sheet zone.

FCF / Net Income

317.8%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for IREN Ltd (NASDAQ-IREN). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for IREN Ltd (NASDAQ-IREN)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

December 1, 2026

Days to Earnings

74

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for IREN Ltd (NASDAQ-IREN), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

IREN Ltd (NASDAQ-IREN) Stock Forecast & Technical Outlook

Review IREN Ltd (NASDAQ-IREN) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for IREN Ltd (NASDAQ-IREN) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Buy

The 1-hour technical read for IREN Ltd (NASDAQ-IREN) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Buy

The daily technical read for IREN Ltd (NASDAQ-IREN) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Buy

The weekly technical read for IREN Ltd (NASDAQ-IREN) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for IREN Ltd (NASDAQ-IREN) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for IREN Ltd (NASDAQ-IREN)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, IREN Ltd (NASDAQ-IREN) has a Strong Buy consensus, with 13 buy, 3 hold and 0 sell recommendations in the current data set.

Buy 13
Hold 3
Sell 0
FAQ • Fast Investor Answers

IREN Ltd (NASDAQ-IREN) Stock FAQ

Data-supported answers about IREN Ltd (NASDAQ-IREN), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$35.74
Estimated downside 23.4%
Valuation Rating
Overvalued
Estimated downside of 23.4%
Analyst Target
$80.21
Implied upside 71.8%
Financial Health
Fair
Current financial-health read

The current fair value estimate for IREN Ltd (NASDAQ-IREN) is $35.74. This implies an estimated downside of 23.4% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 23.4% versus the current market price.

The available analyst price target for IREN Ltd (NASDAQ-IREN) is $80.21. The analyst target implies estimated upside of 71.8%.

The current financial health read for IREN Ltd (NASDAQ-IREN) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for IREN Ltd (NASDAQ-IREN) is December 1, 2026.

The latest available data indicates no current dividend yield for IREN Ltd (NASDAQ-IREN).

The current market capitalization listed for IREN Ltd is 18.395 B.

The current enterprise value listed for IREN Ltd is 20.339 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for IREN Ltd is NASDAQ-IREN, and the stock is listed on NASDAQ.

IREN Ltd (NASDAQ-IREN) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for IREN Ltd is 31.4%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for IREN Ltd is 87.8%. Free float helps investors understand how much of the share base is available for public trading.

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