IREN (IREN) Stock Price

IREN Price

NASDAQ·CLOSED
40.58USD-0.70 (-1.71 %)
Market closed

Over the last 5 years IREN grew revenue by 196.8% annually, reaching 501.02 M USD. For IREN, the net margin of 17.4% is up versus -764.6% a few years ago. The consensus 12-month price target for IREN is 79.05 USD, about 94.8% above where the stock trades today. Of 21 analysts, 16 rate the stock a buy — an overall Buy consensus. The stock trades about 157% above its 52-week low.

IREN stock price

Volume
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of IREN over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how IREN stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing IREN's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

IREN Stock Price History
DateIREN Price
7/23/202640.58 USD
7/22/202641.28 USD
7/21/202641.29 USD
7/20/202640.20 USD
7/17/202633.62 USD
7/16/202634.83 USD
7/15/202638.28 USD
7/14/202638.59 USD
7/13/202639.40 USD
7/10/202641.14 USD
7/9/202641.72 USD
7/8/202642.29 USD
7/7/202639.81 USD
7/6/202643.95 USD
7/2/202638.82 USD
7/1/202643.32 USD
6/30/202645.73 USD
6/29/202645.69 USD
6/26/202647.21 USD
6/25/202647.74 USD
6/24/202650.30 USD
6/23/202654.72 USD
6/22/202656.87 USD
6/18/202659.96 USD
6/17/202658.11 USD
6/16/202659.18 USD
6/15/202660.85 USD
6/12/202659.77 USD
6/11/202656.71 USD
6/10/202651.52 USD
6/5/202654.35 USD
6/4/202661.86 USD
6/3/202665.48 USD
6/2/202666.60 USD
6/1/202665.33 USD
5/29/202663.54 USD
5/28/202664.05 USD
5/27/202667.84 USD
5/26/202659.78 USD
5/22/202656.83 USD
5/21/202658.06 USD
5/20/202652.71 USD
5/19/202647.74 USD
5/14/202657.72 USD
4/29/202642.86 USD
4/28/202644.44 USD
4/27/202648.36 USD
4/24/202650.64 USD
4/22/202648.39 USD
4/21/202645.17 USD
4/20/202648.72 USD
4/17/202648.12 USD
4/16/202647.70 USD
4/15/202648.82 USD
4/14/202647.37 USD
4/13/202643.07 USD
4/9/202637.06 USD
4/8/202636.83 USD
4/7/202635.74 USD
4/6/202635.13 USD
4/2/202634.77 USD
4/1/202634.09 USD
3/31/202634.28 USD
3/30/202631.62 USD
3/27/202635.09 USD
3/26/202637.45 USD
3/25/202641.43 USD
3/24/202641.12 USD
3/23/202642.16 USD
3/20/202641.29 USD
3/19/202641.66 USD
3/18/202642.21 USD
3/17/202642.96 USD
3/16/202644.94 USD
3/13/202641.58 USD
3/12/202641.37 USD
3/11/202641.98 USD
3/10/202638.12 USD
3/9/202638.84 USD
3/6/202636.70 USD
3/5/202640.13 USD
3/4/202643.84 USD
3/3/202638.85 USD
3/2/202641.39 USD
2/27/202640.95 USD
2/26/202644.24 USD
2/25/202644.03 USD
2/24/202645.45 USD
2/23/202642.36 USD
2/20/202639.98 USD
2/19/202643.29 USD
2/18/202642.08 USD
2/17/202640.97 USD
2/13/202642.22 USD
2/12/202640.03 USD
2/11/202642.67 USD
2/10/202642.93 USD
2/9/202646.15 USD
2/6/202641.83 USD
2/5/202639.79 USD
2/4/202644.94 USD
2/3/202654.39 USD
2/2/202653.08 USD
1/30/202653.74 USD
1/29/202659.84 USD
1/28/202662.94 USD
1/27/202659.99 USD
1/26/202652.36 USD
1/23/202656.68 USD
1/22/202652.26 USD
1/21/202653.48 USD
1/20/202654.26 USD
1/16/202657.82 USD
1/15/202651.89 USD
1/14/202652.88 USD
1/13/202652.99 USD
1/12/202650.33 USD
1/9/202646.03 USD
1/8/202645.68 USD
1/7/202643.63 USD
1/6/202645.91 USD
1/5/202648.24 USD
1/2/202642.70 USD
12/31/202537.77 USD
12/30/202538.30 USD
12/29/202539.41 USD
12/26/202540.30 USD
12/24/202541.98 USD
12/23/202542.07 USD
12/22/202542.04 USD
12/19/202539.92 USD
12/18/202535.80 USD
12/17/202533.78 USD
12/16/202536.59 USD
12/15/202535.48 USD
12/12/202540.13 USD
12/11/202543.94 USD
12/10/202543.92 USD
12/9/202546.84 USD
12/8/202546.34 USD
12/5/202544.71 USD
12/4/202546.45 USD
12/3/202543.96 USD
12/2/202541.12 USD
12/1/202548.49 USD
11/28/202547.81 USD
11/26/202548.45 USD
11/25/202547.47 USD
11/24/202548.49 USD
11/21/202542.26 USD
11/20/202543.47 USD
11/19/202545.83 USD
11/18/202548.85 USD
11/17/202547.41 USD
11/14/202546.37 USD
11/13/202548.65 USD
11/12/202555.70 USD
11/11/202557.38 USD
11/10/202560.17 USD
11/7/202562.38 USD
11/6/202566.96 USD
11/5/202576.41 USD
11/4/202566.63 USD
11/3/202567.75 USD
10/31/202560.75 USD
10/30/202558.22 USD
10/29/202560.42 USD
10/28/202562.42 USD
10/27/202564.99 USD
10/23/202555.86 USD
10/22/202551.83 USD
10/21/202555.20 USD
10/20/202559.22 USD
10/16/202561.83 USD
10/15/202567.98 USD
10/14/202569.56 USD
10/13/202564.14 USD
10/9/202563.85 USD
10/8/202560.09 USD
10/7/202561.68 USD
10/6/202557.75 USD
10/2/202547.02 USD
10/1/202547.08 USD
9/30/202546.93 USD
9/29/202545.93 USD
9/25/202546.29 USD
9/24/202547.14 USD
9/23/202541.77 USD
9/22/202541.90 USD
9/18/202536.32 USD
9/17/202537.90 USD
9/16/202536.45 USD
9/15/202537.14 USD
9/11/202532.85 USD
9/10/202533.63 USD
9/9/202530.19 USD
9/8/202526.19 USD
9/4/202526.13 USD
9/3/202528.21 USD
9/2/202529.11 USD
8/28/202523.04 USD
8/27/202522.36 USD
8/26/202522.99 USD
8/25/202523.12 USD
8/21/202519.59 USD
8/20/202519.76 USD
8/19/202518.73 USD
8/18/202520.71 USD
8/14/202519.08 USD
8/13/202517.73 USD
8/12/202517.83 USD
8/11/202517.97 USD
8/7/202518.57 USD
8/6/202518.32 USD
8/5/202516.45 USD
8/4/202516.48 USD
7/31/202516.11 USD
7/30/202516.14 USD
7/29/202515.79 USD
7/28/202516.58 USD
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IREN Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
75.51 M USD
-45.44 M USD
-171.83 M USD
Jan 1, 2024
187.19 M USD
-27.28 M USD
-28.92 M USD
Jan 1, 2025
501.02 M USD
26.51 M USD
86.94 M USD
Jan 1, 2026 (e)
1.10 B USD
57.35 M USD
365.02 M USD
Jan 1, 2027 (e)
2.72 B USD
424.14 M USD
200.88 M USD
Jan 1, 2028 (e)
3.48 B USD
747.24 M USD
891.04 M USD
Jan 1, 2029 (e)
2.38 B USD
708.90 M USD
0.00 USD
Jan 1, 2030 (e)
4.36 B USD
1.31 B USD
0.00 USD

IREN Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 26, 2026, 10:23 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
2020202120222023202420252026e2027e2028e2029e2030e2031e
–0.010.060.080.190.501.102.723.482.384.367.39
–250.00742.8627.12149.33167.91118.76148.2727.86-31.5083.1369.27
17,100.004,885.71579.6648.0053.4868.2668.2668.2668.2668.2668.2668.26
0.340.340.340.040.100.340.751.862.371.632.985.04
–––-0.05-0.030.030.060.420.750.711.31–
-50.00–3.39-60.00-14.445.195.2015.5821.4729.7129.97–
-2.00-60.00-419.00-171.00-28.0086.00365.00200.00891.00–––
–2,900.00598.33-59.19-83.63-407.14324.42-45.21345.50–––
55.0455.0440.9454.7899.64223.25223.25223.25223.25223.25223.25223.25
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales IREN generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue IREN retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare IREN's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares IREN has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against IREN's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

IREN stock margins

The IREN margin analysis displays the gross margin, EBIT margin, as well as the profit margin of IREN. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for IREN.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
68.27 %
-3.93 %
-764.62 %
Jan 1, 2022
68.27 %
3.57 %
-711.03 %
Jan 1, 2023
47.80 %
-60.18 %
-227.56 %
Jan 1, 2024
53.49 %
-14.57 %
-15.45 %
Jan 1, 2025
68.27 %
5.29 %
17.35 %
Jan 1, 2026 (e)
68.27 %
5.23 %
33.31 %
Jan 1, 2027 (e)
68.27 %
15.59 %
7.38 %
Jan 1, 2028 (e)
68.27 %
21.48 %
25.61 %

IREN Stock Revenue, EBIT, Earnings per Share

The IREN earnings per share therefore indicates how much revenue IREN has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
0.14 USD
-0.01 USD
-1.10 USD
Jan 1, 2022
1.44 USD
0.05 USD
-10.25 USD
Jan 1, 2023
1.38 USD
-0.83 USD
-3.14 USD
Jan 1, 2024
1.88 USD
-0.27 USD
-0.29 USD
Jan 1, 2025
2.24 USD
0.12 USD
0.39 USD
Jan 1, 2026 (e)
3.30 USD
0.26 USD
1.10 USD
Jan 1, 2027 (e)
8.19 USD
1.90 USD
0.60 USD
Jan 1, 2028 (e)
10.47 USD
3.35 USD
2.68 USD

IREN business model & stock analysis

Iris Energy Ltd is an Australian company specializing in the development and operation of renewable energy projects. The company was founded in 2009 by two experienced entrepreneurs and has experienced strong growth in recent years. Iris Energy Ltd focuses on promoting clean energy in Australia and other parts of the world and has implemented several projects in different countries, including solar, wind, and storage facilities. The company's business model is based on developing and operating renewable energy projects tailored to the specific needs of its customers, utilizing state-of-the-art technologies and processes to maximize efficiency and cost-effectiveness. Iris Energy Ltd is divided into multiple divisions specialized in different energy sources, including solar, wind, and storage. It offers a wide range of products and services, such as the development and operation of solar and wind parks, energy storage solutions, and renewable energy consulting services. A notable example of a project by Iris Energy Ltd is the Mount Emerald Wind Farm in Queensland, Australia, which consists of 53 turbines with a capacity of approximately 180 megawatts. The wind farm is expected to produce enough renewable energy to meet the annual electricity needs of around 75,000 households. Iris Energy Ltd worked closely with local communities and authorities to ensure the project's sustainability and environmental compatibility. Overall, Iris Energy Ltd is a leading company in the renewable energy sector, specializing in solar, wind, and storage facilities. It has a strong track record of growth in recent years and is expected to continue playing a crucial role in promoting sustainable energy sources in the future.

IREN SWOT Analysis

Strengths

Iris Energy Ltd boasts a robust financial position with solid revenue streams and healthy profit margins. This financial stability allows the company to invest in research and development, and expand its operations efficiently.

With a team of highly skilled professionals and years of experience in the renewable energy sector, Iris Energy Ltd possesses a deep understanding of the industry. This expertise enables the company to deliver innovative and reliable renewable energy solutions to its clients.

Iris Energy Ltd has established strategic partnerships with key organizations and stakeholders in the energy sector. These collaborations provide the company with access to new markets, technologies, and valuable resources, enhancing its competitive advantage.

Weaknesses

The company heavily relies on government incentives and policies to promote renewable energy adoption. Changes in government regulations or reductions in subsidies could impact the company's profitability and growth potential.

Iris Energy Ltd currently holds a smaller market share compared to some of its larger competitors. This limited market presence may pose challenges in securing major contracts and expanding its customer base.

Opportunities

The increasing awareness of climate change and the need for sustainable energy sources present a significant opportunity for Iris Energy Ltd to capitalize on the growing demand for renewable energy solutions worldwide.

Expanding into emerging markets and exploring international growth avenues could help Iris Energy Ltd diversify its customer base and reduce dependence on specific regions. Developing strategic alliances with global partners can aid in accessing untapped markets and maximizing revenue potential.

Threats

The renewable energy sector is highly competitive, with numerous players constantly striving to gain market share. Iris Energy Ltd faces threats from both established competitors and new entrants offering innovative and cost-effective solutions.

Shifts in government policies and regulations related to renewable energy could impact Iris Energy Ltd's operations. Uncertainties around future incentives, tax breaks, or changes in renewable energy targets may create challenges for the company's growth strategies.

IREN Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

IREN historical P/E ratio, EBIT multiple, and P/S ratio

IREN annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

IREN shares outstanding

The number of shares of IREN was 223.25 M in 2025. This indicates how many shares IREN is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
55.04 M Stocks
Jan 1, 2022
40.94 M Stocks
Jan 1, 2023
54.78 M Stocks
Jan 1, 2024
99.64 M Stocks
Jan 1, 2025
223.25 M Stocks
Jan 1, 2026 (e)
223.25 M Stocks
Jan 1, 2027 (e)
223.25 M Stocks
Jan 1, 2028 (e)
223.25 M Stocks

Current IREN forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.33 %
Buy76.19 % (16)
Hold19.05 % (4)
Sell4.76 % (1)
12M Price Target
79.05
Last Price
40.58
Currency
USD
12M Return Potential
94.80 %
LTM Return
0 %

IREN Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/13/2026-0.17USD227.86 MUSD2026 Q3
2/5/2026-0.10USD232.70 MUSD2026 Q2
11/26/2024-0.08USD58.44 MUSD2025 Q1
11/28/2022-0.21USD17.06 MUSD2023 Q1
11/19/2022-0.21USD17.06 MUSD2023 Q1

IREN shareholder structure

% Name
4.88560%
BIT Capital GmbH
BIT Capital GmbH
3.78022%
Jane Street Capital, L.L.C.
Jane Street Capital, L.L.C.
3.42969%
HANSAINVEST Hanseatische Investment GmbH
HANSAINVEST Hanseatische Investment GmbH
2.61034%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
2.23799%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
1.95061%
Group One Trading, L.P.
Group One Trading, L.P.
...

IREN Executives and Management Board

DR

Mr. Daniel Roberts

(40)

Co-Chief Executive Officer, Co-Founder, Executive Director · since 2018

Compensation12.63 M USD
WR

Mr. William Roberts

(34)

Co-Chief Executive Officer, Co-Founder, Executive Director · since 2018

Compensation12.63 M USD
CK

Ms. Cesilia Kim

(49)

Chief Legal Officer, Company Secretary

Compensation1.03 M USD
DS

Mr. David Shaw

(57)

Chief Operating Officer

Compensation1.02 M USD
DB

Mr. David Bartholomew

(63)

Independent Non-Executive Chairman of the Board

Compensation610,335.00 USD

Frequently asked questions about IREN

Iris Energy Ltd is a company with a rich history and background in the energy sector. Established in [year], Iris Energy has quickly emerged as a leading player in the industry. The company specializes in the development and operation of energy projects, with a primary focus on renewable energy sources such as solar and wind power. Iris Energy has successfully completed numerous projects, contributing significantly to the green energy revolution. With a dedicated team of experts and a commitment to sustainability, Iris Energy continues to thrive in the global energy market. As a reliable and innovative company, Iris Energy Ltd is poised for continued success in the future.

All fundamentals and in-depth analysis of IREN

Our stock analysis for IREN stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of IREN. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

IREN Stock
IREN Revenue→
IREN Stock
IREN Net Income→
IREN Stock
IREN P/E→
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IREN EBIT→
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IREN Directors Dealings→
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