To the full analysis
IREN stock: growth
IRENIREN reported $707M in revenue for fiscal 2026, up 41.1% on the prior year, up 86% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
579.9%
per year from 2019 to 2026, per share 345.1%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2019 | |
|---|---|---|
| Revenue | 160.2% | 579.9% |
| Revenue per share | 50.7% | 345.1% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2019 | $1.05K | −$161.12K | −$2.53M |
| 2020 | $1.51M | −$1.48M | −$5.32M |
| 2021 | $5.93M | −$45.34M | −$4.13M |
| 2022 | $59.04M | −$419.77M | −$272.69M |
| 2023 | $75.51M | −$171.83M | −$110.02M |
| 2024 | $187.19M | −$28.92M | −$427.19M |
| 2025 | $501.02M | $86.94M | −$1.13B |
| 2026 | $707M | −$702.6M | −$2.23B |
Revenue by segment
How IREN Limited makes its money and how that has shifted. Names are as the company reports them.
- Bitcoin Mining$578.2M82%
- AI Cloud$128.8M18%
The company split earlier years differently. A history would not be comparable, so only 2026 is shown.
Figures as a table
| 2026 | Share 2026 | |
|---|---|---|
| Bitcoin Mining | $578.21M | 81.8% |
| AI Cloud | $128.8M | 18.2% |
| Total revenue | $707M | 100% |
Revenue by region
Where IREN Limited generates its revenue.
- Australia82%
- Canada18%
Figures as a table
| 2025 | 2026 | Share 2026 | |
|---|---|---|---|
| Australia | $484.63M | $578.21M | 81.8% |
| Canada | $16.39M | $128.8M | 18.2% |
| Total revenue | $501.02M | $707M | 100% |
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.