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IREN Ltd (IREN)

IREN Ltd (IREN) stock — the fundamentals (P/E, market cap, valuation) and every material event, decoded in plain English.

IREN Ltd (IREN) stock — financials & valuation

Key numbers for IREN Ltd (IREN): P/E ratio, market cap, profit margins, returns, and whether the stock looks cheap or expensive versus its own 5-year range.

AllSight quality score: 24/100 — a percentile rank of IREN Ltd’s fundamentals against Finance & Real Estate peers, weakest on profitability. A quality ranking, not a price prediction.

Market cap$16.0B
P / S22.7×
EV / EBITDA444.9×
Gross margin68.9%
Operating margin-143.7%
Net margin-99.4%
Return on equity-16.8%
ROIC-16.4%
Revenue growth41.1%
Debt / equity1.9×
Dividend yield0.0%

Independent of the events above — derived from IREN Ltd’s own financial statements and shown as context, never as advice.

Aug 27, 2026Miss
IREN lands $4B AI capacity bookings, but Q4 revenue misses amid costly transition
Aug 13, 2026Horizon 1 delivered
The first Microsoft milestone landed—but NVIDIA’s stamp is the real signal
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