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Why is IREN down 3.09%?
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IREN:NASDAQ
IREN Ltd
$47.05
-3.09%
(-1.50) 1D
$47.08
+0.06% (+0.030)
After hours
Closed: Sep 23, 4:00:01 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for IREN...
Open
$48.13
High
$49.37
Low
$47.01
Mkt. cap
18.54B
Avg. vol.
43.12M
Volume
32.25M
52-wk high
$76.87
52-wk low
$28.93
EPS
-$2.22
Beta
4.28
Shares outstanding
394.06M
No. of employees
685
Open
$48.13
High
$49.37
Low
$47.01
Mkt. cap
18.54B
Avg. vol.
43.12M
Volume
32.25M
52-wk high
$76.87
52-wk low
$28.93
EPS
-$2.22
Beta
4.28
Shares outstanding
394.06M
No. of employees
685
News stories
From web sources and news partners
Profile
IREN Ltd, headquartered in Sydney, New South Wales, Australia, provides cloud computing infrastructure and services for artificial intelligence. The company develops, owns and operates data centres and provides GPU computing, software and managed services for training and running AI models. As of August 2026, IREN reported a global data centre development pipeline exceeding 5 GW, with projects across North America, Europe and Australia. The company locates its facilities in regions with substantial renewable electricity generation and purchases renewable energy certificates to match its electricity consumption. IREN also operates Bitcoin mining facilities, which it is progressively converting to support its expanding AI cloud business. Wikipedia
About IREN Ltd
CEO-
Employees685
Founded2018
Headquarters-
SectorApplication software
Websiteiren.com
Analyst ratings
Based on 11 analysts giving stock ratings to IREN in the past 3 months
Buy
Buy
8
Hold
3
Sell
0
12-month forecast
Based on 11 Wall Street analysts offering 12 month price targets for IREN in the last 3 months.
Highest
Current $47.05
$100.00 (+112.54%)
Average
$76.00 (+61.53%)
Lowest
$40.00 (-14.98%)
Analyst
Recommendation
Action
Price target
Projected
Date
Alexander Haissl
Rothschild & Co Redburn
Hold
Initiated
$40.00
-15%
09/21/2026
Nehal Chokshi
Northland Securities
Buy
Initiated
$99.00
+110.4%
09/18/2026
Gregory Lewis
BTIG
Buy
Reiterated
$80.00
+70%
09/14/2026
Richard Choe
J.P. Morgan
Buy
Upgraded
$65.00
+38.2%
09/14/2026
Gautam Chhugani
Bernstein
Buy
Maintained
$100.00
+112.5%
09/03/2026
Mike Colonnese
H.C. Wainwright
Buy
Reiterated
$90.00
+91.3%
09/01/2026
Brett Knoblauch
Cantor Fitzgerald
Buy
Maintained
$99.00
+110.4%
08/27/2026
Joseph Vafi
Canaccord Genuity
Buy
Maintained
$79.00
+67.9%
08/28/2026
John Todaro
Needham
Hold
Maintained
-
-
08/28/2026
Michael Ng
Goldman Sachs
Hold
Maintained
$50.00
+6.3%
07/20/2026
Paul Meeks
Freedom Capital Markets
Buy
Upgraded
$58.00
+23.3%
07/06/2026
Jonathan Petersen
Jefferies
Buy
Initiated
$79.00
+67.9%
06/18/2026
Nick Giles
B. Riley Securities
Buy
Maintained
$96.00
+104%
06/03/2026
Nilesh Bhaiya
Citi
Hold
Maintained
$50.00
+6.3%
05/27/2026
Mike Ng
Goldman Sachs
Hold
Maintained
$50.00
+6.3%
05/27/2026
Reginald Smith
J.P. Morgan
Sell
Maintained
$46.00
-2.2%
05/11/2026
Unknown Analyst
Freedom Capital Markets
Hold
Initiated
$36.00
-23.5%
04/01/2026
Darren Aftahi
Roth MKM
Buy
Maintained
$94.00
+99.8%
03/05/2026
Paul Golding
Macquarie
Buy
Maintained
$70.00
+48.8%
02/06/2026
Last report
Aug 27, 2026
Fiscal period
Q4 2026
EPS / Est. (USD)
-$0.25 / -$0.46
+44.09%beat
Revenue / Est. (USD)
137.22M / 135.60M
+1.20%beat
Fiscal Q4 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
240.30M
184.69M
144.80M
137.22M
Cost of goods sold
80.67M
65.76M
39.93M
33.34M
Cost of revenue
80.67M
65.76M
39.93M
33.34M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
102.46M
90.07M
71.84M
102.08M
Operating expense
219.76M
203.58M
198.21M
244.50M
Total operating expenses
300.43M
269.35M
238.14M
277.84M
Operating income
-60.14M
-84.66M
-93.35M
-140.62M
Other non operating income
659.24M
-110.26M
-23.62M
23.99M
EBT including unusual items
575.30M
-337.93M
-254.09M
-691.97M
EBT excluding unusual items
591.57M
-187.93M
-111.87M
-110.06M
Income tax expense
190.69M
-182.52M
-6.26M
-7.97M
Effective tax rate
33.15%
54.01%
2.46%
1.15%
Other operating expenses
32.07M
14.34M
5.13M
30.34M
Net income
384.61M
-155.41M
-247.83M
-684.00M
Net profit margin
160.06%
-84.14%
-171.16%
-498.45%
Earnings per share
0.01
-0.03
-0.16
-0.25
Interest and investment income
7.13M
15.78M
21.80M
35.93M
Interest expense
-9.28M
-10.67M
-14.84M
-24.47M
Net interest expenses
-2.15M
5.11M
6.96M
11.46M
Depreciation and amortization charges
85.23M
99.18M
121.24M
112.08M
EBITDA
25.09M
14.52M
27.90M
-29.16M
Gain or loss from assets sale
13.00K
6.44M
1.80M
127.27M
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider
Position
Type
Date
Shares
Amount
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