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IREN Ltd IREN
IREN Ltd (IREN) earns a Piotroski F-score of 2/9 (weak financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2026 revenue was $707.0M at a -99.4% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-09-21 | Rothschild & Co | Neutral (init) |
| 2026-09-18 | Northland Capital Markets | Outperform (init) |
| 2026-09-14 | JP Morgan | Overweight (up) |
| 2026-09-14 | BTIG | Buy (reit) |
| 2026-09-02 | Freedom Capital Markets | Buy (main) |
| 2026-09-02 | BTIG | Buy (reit) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
How it ranks in Finance, Insurance & Real Estate · percentile among 1152 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 2/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.359 |
| Retained earnings / assets | -0.082 |
| EBIT / assets | -0.066 |
| Equity / liabilities | 0.361 |
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| IREN | IREN Ltd | 2/9 | 2.02 | — | +41.1% |
| CANG | Cango Inc. | 2/9 | -4.15 | — | +524.3% |
| PWP | Perella Weinberg Partners | 3/9 | — | 44.3 | -14.5% |
| CLSK | CLEANSPARK, INC. | 4/9 | 4.88 | 11.5 | +102.2% |
| RIOT | Riot Platforms, Inc. | 2/9 | 0.57 | — | +71.9% |
| SOFI | SoFi Technologies, Inc. | 1/9 | — | 47.7 | +23.1% |
| DAVE | Dave Inc./DE | 5/9 | — | 22.6 | +59.7% |
All Finance, Insurance & Real Estate companies →
About IREN Ltd
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia.
FAQ
Is IREN financially healthy?
IREN Ltd's Piotroski F-score is 2/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does IREN pay a dividend?
No, IREN Ltd does not currently pay a dividend.
How profitable is IREN?
In FY2026, IREN Ltd had a net margin of -99.4% and a return on equity of -16.8%.
What is the analyst price target for IREN?
The average Wall-Street price target for IREN Ltd is $77.97, about 76.7% above the recent price, from 18 analysts (consensus: buy).
Is IREN a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on IREN Ltd: a Piotroski F-score of 2/9, an Altman Z″ in the grey zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2026-06-30. Facts plus Stocktoria's own computed scores — not investment advice.