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IREN Ltd IREN

Nasdaq · stock · Finance Services · website · IPO 2021-11-17

IREN Ltd statistics & valuation

Market cap$16.8B
P / S23.8×
P / B4.0×
Net margin-99.4%
Return on equity-16.8%
FCF margin-127.0%
Net debt$1.7B
Enterprise value USD$18.5B
Earnings yield EBIT/EV-5.6%
Return on capital-7.7%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-15.40% 17.40% -99.40% 202420252026
Gross margin (%)
202420252026
Operating margin (%)
-14.50% 3.50% -148.00% 202420252026
Return on equity (%)
-2.60% 4.80% -16.80% 202420252026
Shares outstanding
99.6M 223.2M 316.1M 202420252026
Net debt ($)
$398.2M $1.70B 202420252026
Share buybacks ($)
202420252026
Return on assets (%)
-2.50% 3.00% -4.40% 202420252026
Free cash flow margin (%)
-47.90% -65.40% -127.00% 202420252026
Debt / equity (×)
0.53× 1.81× 202420252026
EPS ($)
-$0.29 $0.39 -$2.22 202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024
Operating margin-148.0%3.5%-14.5%
Net margin-99.4%17.4%-15.4%
FCF margin-127.0%-65.4%-47.9%
Return on assets-4.4%3.0%-2.5%
Return on equity-16.8%4.8%-2.6%
Debt / equity1.81×0.53×—
Current ratio3.554.298.86

Computed from company filings · US · as of 2026-06-30. Facts plus Stocktoria's own computed scores — not investment advice.