IREN Limited (IREN)Financial Services | Capital Markets | Sydney, Australia | NasdaqGS
30.39 USD
-0.17
(-0.556%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
After hours: 30.13 -0.26 (-0.260%) ⇩ (Oct. 15, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 1:31 a.m. EDT
The narrative has shifted dramatically from a distressed miner to a high-beta AI infrastructure play following the announcement of a $2.8 billion contract haul. While the fundamental balance sheet remains precarious with negative free cash flow and a negative operating margin, the market is pricing in a complete transformation of the business model. The long-term rating is neutral because the company lacks a sustained multi-year track record of profitability or revenue growth; the recent surge is a one-off event driven by new contracts, not a decade-long trend. However, the short-term outlook is constructive. The options market is screaming bullishness, with massive call volume and open interest at strikes far above the current price, indicating that smart money expects a rapid re-rating. The statistical forecast model is useless here due to extremely low confidence, so we must rely on the clear sentiment shift: the stock has found a new story, and the immediate risk/reward favors the upside as the market digests the new revenue pipeline. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.079783 |
| AutoARIMA | 0.080057 |
| MSTL | 0.081312 |
| AutoTheta | 0.210571 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 30% |
| H-stat | 0.91 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.005 |
| Excess Kurtosis | 1.46 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Debt to Equity Ratio | 187.297 |
| Revenue per Share | 2.236 |
| Market Cap | 11,975,442,432 |
| Forward P/E | -7.63 |
| Beta | 4.27 |
| Profit Margins | -99.38% |
| Previous Name | Iris Energy Limited |
| Website | https://iren.com |
As of Oct. 10, 2026, 1:31 a.m. EDT: Speculators are aggressively positioning for a massive upside breakout, evidenced by heavy open interest walls at strikes significantly above the current price (e.g., 50, 60, 70, 105, 135) and elevated implied volatility on deep out-of-the-money calls. Conversely, put writers are establishing substantial defensive floors at lower strikes (e.g., 30, 35, 40), creating a 'long gamma' environment where the stock could experience violent moves in either direction. The skew is heavily bullish, suggesting traders expect the recent contract news to catalyze a sustained rally rather than a correction.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.50574154 |
| Address1 | 55 Market Street |
| Address2 | Level 5 |
| All Time High | 76.87 |
| All Time Low | 1.02 |
| Ask | 32.43 |
| Ask Size | 2 |
| Audit Risk | 10 |
| Average Analyst Rating | 1.5 - Buy |
| Average Daily Volume10 Day | 47,309,690 |
| Average Daily Volume3 Month | 44,018,515 |
| Average Volume | 44,018,515 |
| Average Volume10Days | 47,309,690 |
| Beta | 4.271 |
| Bid | 27.7 |
| Bid Size | 2 |
| Board Risk | 6 |
| Book Value | 11.009 |
| City | Sydney |
| Compensation As Of Epoch Date | 1,798,675,200 |
| Compensation Risk | 10 |
| Country | Australia |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 30.39 |
| Current Ratio | 3.551 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 30.46 |
| Day Low | 26.6 |
| Debt To Equity | 187.297 |
| Display Name | IREN |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,787,864,400 |
| Earnings Call Timestamp Start | 1,787,864,400 |
| Earnings Timestamp | 1,787,860,800 |
| Earnings Timestamp End | 1,793,908,800 |
| Earnings Timestamp Start | 1,793,908,800 |
| Ebitda | 38,347,000 |
| Ebitda Margins | 0.05424 |
| Enterprise To Ebitda | 362.985 |
| Enterprise To Revenue | 19.688 |
| Enterprise Value | 13,919,377,408 |
| Eps Current Year | -3.42114 |
| Eps Forward | -3.98264 |
| Eps Trailing Twelve Months | -1.95 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.38 |
| Fifty Day Average Change | -10.990002 |
| Fifty Day Average Change Percent | -0.26558727 |
| Fifty Two Week Change Percent | -50.574154 |
| Fifty Two Week High | 76.87 |
| Fifty Two Week High Change | -46.480003 |
| Fifty Two Week High Change Percent | -0.60465723 |
| Fifty Two Week Low | 26.6 |
| Fifty Two Week Low Change | 3.789999 |
| Fifty Two Week Low Change Percent | 0.14248116 |
| Fifty Two Week Range | 26.6 - 76.87 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,637,159,400,000 |
| Float Shares | 346,180,522 |
| Forward Eps | -3.98264 |
| Forward P E | -7.6306167 |
| Free Cashflow | -4,219,297,280 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 685 |
| Fullday Change | -0.35000038 |
| Fullday Change Percent | -1.1452892 |
| Fullday Price | 30.39 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.68924004 |
| Gross Profits | 487,300,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.06697 |
| Held Percent Institutions | 0.63546 |
| Implied Shares Outstanding | 394,058,648 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Ipo Expected Date | 2,021-11-17 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,782,777,600 |
| Long Business Summary | 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. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN Limited was incorporated in 2018 and is based in Sydney, Australia. |
| Long Name | IREN Limited |
| Market | us_market |
| Market Cap | 11,975,442,432 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_706254871 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-15 |
| Net Income To Common | -702,620,992 |
| Next Fiscal Year End | 1,814,313,600 |
| Non Diluted Market Cap | 18,540,459,388 |
| Number Of Analyst Opinions | 18 |
| Open | 28.87 |
| Operating Cashflow | 2,100,418,048 |
| Operating Margins | -1.0247 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Peg Ratio | 3.11 |
| Phone | 61 2 7906 8301 |
| Post Market Change | -0.2601986 |
| Post Market Change Percent | -0.8561981 |
| Post Market Price | 30.1298 |
| Post Market Time | 1,792,108,773 |
| Prev Name | Iris Energy Limited |
| Previous Close | 30.56 |
| Price Eps Current Year | -8.883004 |
| Price Hint | 2 |
| Price To Book | 2.7604687 |
| Price To Sales Trailing12 Months | 16.938225 |
| Profit Margins | -0.9938 |
| Quick Ratio | 2.664 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.55 |
| Region | US |
| Regular Market Change | -0.17 |
| Regular Market Change Percent | -0.556283 |
| Regular Market Day High | 30.46 |
| Regular Market Day Low | 26.6 |
| Regular Market Day Range | 26.6 - 30.46 |
| Regular Market Open | 28.87 |
| Regular Market Previous Close | 30.56 |
| Regular Market Price | 30.39 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 105,793,791 |
| Return On Assets | -0.02528 |
| Return On Equity | -0.23409 |
| Revenue Growth | -0.267 |
| Revenue Per Share | 2.236 |
| Sand P52 Week Change | 0.16440773 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 394,058,648 |
| Shares Percent Shares Out | 0.20719999 |
| Shares Short | 81,653,639 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 93,610,835 |
| Short Name | IREN LIMITED |
| Short Percent Of Float | 0.2134 |
| Short Ratio | 2.26 |
| Source Interval | 15 |
| State | NSW |
| Symbol | IREN |
| Target High Price | 139.0 |
| Target Low Price | 40.0 |
| Target Mean Price | 78.13889 |
| Target Median Price | 80.0 |
| Total Cash | 5,895,590,912 |
| Total Cash Per Share | 14.961 |
| Total Debt | 7,839,525,888 |
| Total Revenue | 707,006,976 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.95 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 45.46915 |
| Two Hundred Day Average Change | -15.079151 |
| Two Hundred Day Average Change Percent | -0.33163476 |
| Type Disp | Equity |
| Volume | 105,793,791 |
| Website | https://iren.com |
| Zip | 2,000 |