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IREN · Nasdaq · United States · Finance Services
In shortIREN Ltd is loss-making.
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | -148.0% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -99.4% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -23.4% | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -127.0% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 254.3% | 0/100 |
| Operating margin volatility | 98.2% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 110.8% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 59 | 76 | 187 | 501 | 707 |
| Cost of revenue | – | 39 | 87 | 159 | 220 |
| Gross profit | – | 36 | 100 | 342 | 487 |
| Selling, general & admin | – | 49 | 70 | 136 | 449 |
| Operating income | 0.3 | (157) | (27) | 17 | (1,047) |
| Interest expense | 425 | 16 | 0.1 | 11 | 59 |
| Pre-tax income | (417) | (169) | (25) | 94 | (709) |
| Income tax | 2.7 | 2.4 | 3.5 | 6.6 | (6.1) |
| Net income | (420) | (172) | (29) | 87 | (703) |
| Diluted EPS | −$10.25 | −$3.14 | −$0.29 | $0.39 | −$2.22 |
| Diluted shares (millions) | 41 | 55 | 100 | 223 | 316 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of IREN Ltd are included in the Investor plan. Try free for 7 days →
Not computed: the model does not apply to banks and insurers.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 27, 2026