Iris Energy Ltd
Research Iris Energy Ltd (IREN) on Bullrun: market cap USD 13.38B. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerIREN
- ExchangeNASDAQ
- CountryAustralia
- SectorFinancial Services
- IndustryCapital Markets
- CurrencyUSD
- Market capUSD 13.38B
- Financial periodFY2026
- RevenueUSD 707.01M
- Revenue growth41.1%
- Net income-USD 702.62M
- Free cash flow-USD 2.35B
- Gross margin62.3%
Valuation Snapshot
latest market cap is USD 13.38B.
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | USD 707.01M | -USD 702.62M | -USD 2.35B | 62.3% | -2.22 | USD 5.90B | USD 7.84B | USD 4.19B |
| FY2025 | USD 501.02M | USD 86.94M | -USD 327.57M | 68.3% | 0.39 | USD 564.53M | USD 964.23M | USD 1.82B |
| FY2024 | USD 187.19M | -USD 28.92M | -USD 89.64M | 53.5% | -0.29 | USD 404.60M | USD 1.32M | USD 1.10B |
| FY2023 | USD 75.51M | -USD 171.83M | -USD 110.34M | 47.8% | -3.14 | USD 68.89M | USD 1.45M | USD 305.45M |
| FY2022 | USD 59.04M | -USD 419.77M | -USD 331.73M | 87.4% | -7.95 | USD 109.97M | USD 108.29M | USD 437.36M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 13.38B | n/a | n/a | n/a |
| 2025 | 2025-12-31 | USD 12.53B | 41.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 2.10B | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 479.70M | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 68.73M | 1.0 | n/a | n/a |
| 2021 | 2021-12-31 | USD 857.48M | n/a | n/a | n/a |
About Iris Energy Ltd
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure;
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Frequently asked questions
What is Iris Energy Ltd's market cap?
Iris Energy Ltd's market capitalization is USD 13.38B.
What does Iris Energy Ltd do?
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling. The company also owns and operates compute layers, such as GPUs, CPUs, storage, servers, and networking deployed within that data center infrastructure; and software layers comprising managed services and enterprise support that enables customers to deploy, operate, and manage AI workloads. In addition, it is involved in Bitcoin mining.