IREN
IREN Ltd
NASDAQ: IREN · FINANCIAL SERVICES · CAPITAL MARKETS
$59.77
+5.40% today
Updated 2026-06-12
Market cap
$21.36B
P/E ratio
77.62
P/S ratio
28.21x
EPS (TTM)
$0.77
Dividend yield
—
52W range
$10 – $77
Volume
45.8M
WallStSmart proprietary scores
43
out of 100
Grade: D
Sell
Investment rating
8.0
Growth
A6.0
Quality
B4.0
Profitability
C3.0
Valuation
D4/9
Piotroski F-Score
Moderate
1.2
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →202 stocks currently score above 75
Price targets
Analyst target
$71.77
+20.08%
12-Month target
$41.30
-30.90%
Intrinsic (DCF)
—
Margin of safety
—
1 Strong Buy9 Buy3 Hold0 Sell2 Strong Sell
Price chart
Stock snapshot
Strengths
+ Profit margin 20.90% — above average
Risks
- Altman Z 1.18 — distress zone
- Negative free cash flow $-919.65M
- P/E 77.62x — expensive valuation
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM | 2026 (E) |
|---|---|---|---|---|---|---|
| Revenue | $59.04M | $75.51M | $187.19M | $501.02M | $757.07M | $3.2B |
| Net income | $-419.77M | $-171.83M | $-28.92M | $86.94M | $-247.83M | — |
| EPS | — | — | — | — | $0.77 | $0.35 |
| Free cash flow | $-272.69M | $-110.33M | $-427.69M | $-1.13B | $-919.65M | — |
| Profit margin | -711.03% | -227.56% | -15.45% | 17.35% | 20.90% | — |
Peer comparison
Smart narrative
IREN Ltd trades at $59.77. representing a P/E of 77.62x trailing earnings. Our Smart Value Score of 43/100 indicates the stock is fair. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 1.18, it sits in the distress. TTM revenue stands at $757.07M. with profit margins at 20.90%.
Frequently asked questions
What is IREN Ltd's stock price?
IREN Ltd (IREN) trades at $59.77, on a P/E of 77.6x and a P/S of 28.2x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is IREN Ltd overvalued?
IREN Ltd carries a Smart Value Score of 43/100 (Grade D), which we rate Sell. That score blends growth, quality, and valuation into one read.
What is the price target of IREN Ltd (IREN)?
The 12-month analyst consensus target is $71.77, about 20.1% above the current $59.77. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is the future stock price of IREN by 2030?
Our research-backed model puts the 2030 base case at $523.90, built from revenue projections, a growth-adjusted P/S multiple, net debt, and share dilution. It is a scenario rather than a prediction, and the bull and bear cases around it matter more than the single number when you are sizing a position.
What is IREN Ltd's revenue?
IREN Ltd's trailing twelve-month revenue is $757.07M, and our model projects it reaching about $38.75B by 2030. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
IREN Ltd's Altman Z-Score is 1.18, which places it in the distress. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorFINANCIAL SERVICES
IndustryCAPITAL MARKETS
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio28.21x
ROE4.22%
Beta4.23
50D MA$52.06
200D MA$47.65
Shares out0.36B
Float0.33B
Short ratio—
Avg volume45.8M
Performance
1 week+0.00%
1 month+2.66%
3 months+20.94%
YTD+43.90%
1 year—
3 years—
5 years—