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Company Analysis

IREN LIMITED IREN

A comprehensive view of key metrics, scores, and financial health for IREN LIMITED

Overview of IREN Limited

IREN NMS
Financial Services Capital Markets Framework: General Corporate Mid Cap
IREN Limited (IREN), is a Mid Cap company, in the Capital Markets industry, last closed at $22.02, about 99.5% overvalued vs fair value, -67.1% 1Y return, ranked 622/1078 in sector.
Metrics Rev Growth 41.1% ROE -23.4% Gross Margin 62.3%
USD 22.02
-8.06%
(Delayed)
• Vol 90d: 104.3%
Market Cap
$8.68B
Enterprise Value
$10.37B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Weak
Health
Weak
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Weak
Health
Weak
Efficiency
Fair
Valuation
Fair
Completeness: 88%
Confidence: 92%
Updated: Oct 31
Top Beats

Quick Facts

Website https://iren.com
HQ Sydney, NSW
Employees 257
Fiscal year Jun 30

Next Events

Earnings Nov 5 Call: Nov 5

Fair Value Snapshot

Bear Base Bull
$0
$0
$0
Current: $22.02 -100% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$707.0M
41.1%%
Gross Profit
$440.6M
38.4%%
Operating Income
-$1.0B
-6140.9%%
Net Income
-$702.6M
-908.2%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2026
334.5%

Operating Cash Flow / Net Income

FCF / Net Income - not meaningful while net income is negative (a near-100% ratio here only reflects cash burn tracking accounting losses, not earnings quality)

Locked Metric
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
4
Active Leaks
3/4
Improving
0
High Impact
4
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating IREN LIMITED's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
44
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Get key signals, strengths, and risks for every moat dimension.

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Pricing Power

Developing
43
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing IREN's balance between Growth (48.8%), Profitability (21.1%), and Safety (30.2%). Growth 49% Safety 30% Profitability 21%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

65th percentile vs peers
66
Key Signals
Rev Growth YoY 41.1% 83p Revenue CAGR 3Y 1.11 95p EPS Growth YoY -7.60 1p
Strengths
  • Rev Growth YoY in top 20% of peers (41.1%, 83th percentile)
  • Revenue CAGR 3Y in top 20% of peers (1.11, 95th percentile)
  • Growth above peer median with strong metric coverage (75%)
  • Gross Profit Margin in top 20% of peers (62.3%, 86th percentile)
  • Debt/FCF Ratio in top 20% of peers (-3.23, 87th percentile)
Risks
  • EPS Growth YoY in bottom 20% of peers (-7.60)

Profitability

28th percentile vs peers
28
Key Signals
Strengths
Risks
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Safety

40th percentile vs peers
41
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for IREN LIMITED.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$0.10
- - -
-99.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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