IREN stock
IRENNASDAQIREN Limited, TechnologyISIN AU0000185993
31Score 31 out of 100, Weak
Price and trend
38 / 100
Price history
−65% in one yearThe chart shows daily closes over 5 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 54% below it.
Since August 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 40).
The price is 71% below its 52-week high. Largest decline in 5 years: 96% (November 2021 to December 2022).
Chart figures for advanced users
- SMA 50$34.52
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$42.80
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)40
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$18.03
- The lowest closing price of the last twelve months.
- Resistance$67.84
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- IREN Limited belongs to the Software (Services) industry (Australia) and, with a market value of $7.88B, is number 4 of 6 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $707M (up 41.1% year on year) and a loss of $702.6M.
- For fiscal 2027, analysts expect on average revenue of $2.68B (up 278.5%) and adjusted earnings per share of −$1.94.
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- MEQIRI Score 31 out of 100 (Weak): rank 830 of 854 in Technology, median 61.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 86% a year since 2022, Technology sector median 11.6%.Growth 70
Weaknesses
- DilutionShare count up 1,432% since 2021.Capital allocation 18
- Volatile share priceVolatility 109% a year over the last 12 months.Stability 29
- Share price fell sharplyDown 66% over the last 12 months.Momentum 12
Its standout strength is growth, while fundamentals and momentum hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansValuation
Valuation signal
not measuredNo fair value can be calculated for this stock, so the signal follows the valuation grade.
Valuation metrics
No fair value can be calculated for this stock from the available figures.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 0.9% on the twelve months before. Revenue has grown strongly since 2022, at around 86% per year. From 2022 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 69%, operating −148%, net −99%. From 2022 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 4 Feb 2027in 83 days
- Last reported
- 5 Nov 2026EPS reported −$0.62 (expected −$0.72)above expectations
Analyst estimates
Analysts have cut their 2028 earnings estimate by 11.2% since 24 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- −$1.94−2.0%
- Revenue
- $2.68B−1.5%
- Earnings per share
- −$0.05−11.2%
- Revenue
- $7.36B+1.1%
MEQIRI has stored the estimates since 24 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −0.3%IREN now expects the full ramp of its new capacity to extend into early 2027 due to customer-requested design changes and supplier timing, and spreads Childress deployments across 2027 instead of front-loading them as previously expected.
“As Dan mentioned, our 0.3 GW expansion is nearing completion, with the associated ramp to more than $4 billion of operating ARR expected to extend into early 2027, primarily due to customer-requested design changes and supplier timing.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 5 Nov 2026 (fiscal Q1 2027), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at IREN
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 31
- Sector median
- 61
Categories against the sector medianMedian of 854 companies
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Services)
The next larger and next smaller companies by market value
- Verisk AnalyticsVRSK $26.47B75
- MaplebearCART $13.84B77
- Range Intelligent Computing Technology Group300442.SZ $13.78B53
- IONOS GroupIOS.DE $5.41B75
- Ionic DigitalIOND $2.91B38
ETFs that hold IREN
Held by 59 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Global X Blockchain UCITS ETFBLCH | 8.62% | 0.50% | €67.13M |
| Invesco CoinShares Global Blockchain UCITS ETFBNXG | 1.34% | 0.65% | €759.25M |
| HAN-GINS Tech Megatrend Equal Weight UCITS ETF AccT3KE | 0.44% | 0.59% | €98.84M |
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| Invesco NASDAQ Next Generation 100 UCITS ETF AccEQQJ | 0.39% | 0.25% | €45.16M |
| L&G Asia Pacific ex Japan Equity UCITS ETFETLK | 0.30% | 0.10% | €694.16M |
| iShares MSCI USA Mid-Cap Equal Weight UCITS ETFQDVC | 0.15% | 0.20% | €272.21M |
| Deka MSCI USA MC UCITS ETFEL41 | 0.11% | 0.30% | €52.63M |
| iShares MSCI World Mid-Cap Equal Weight UCITS ETF USDIS3T | 0.05% | 0.30% | €411.06M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 30 Jun 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 26 Jun 2026)
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.