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IREN Ltd

IREN Clue Score59
Australia Fiscal year ends June CIK 0001878848
$35.19 -1.46% Close, 9 Oct 2026
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Price $35.19 +972.87% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Nov 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue2.2Operating income−1.7Net income−2.1EPS, diluted−0.13Fiscal year 2021Revenue7.9 +263.3%Operating income−0.5Net income−60.4EPS, diluted−2.93Fiscal year 2022Revenue59.0 +647.5%Operating income0.3Net income−419.8EPS, diluted−10.25Fiscal year 2023Revenue75.5 +27.9%Operating income−157.2Net income−171.8EPS, diluted−3.14Fiscal year 2024Revenue187.2 +147.9%Operating income−27.2Net income−28.9EPS, diluted−0.29Fiscal year 2025Revenue501.0 +167.7%Operating income17.3Net income86.9EPS, diluted0.39Fiscal year 2026Revenue707.0 +41.1%Operating income−1,046.7Net income−702.6 −908.2%EPS, diluted−2.22
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 2.2 7.9 59.0 75.5 187.2 501.0 707.0
Growth +263.3% +647.5% +27.9% +147.9% +167.7% +41.1%
Operating income −1.7 −0.5 0.3 −157.2 −27.2 17.3 −1,046.7
Net income −2.1 −60.4 −419.8 −171.8 −28.9 86.9 −702.6
Growth −908.2%
EPS, diluted −0.13 −2.93 −10.25 −3.14 −0.29 0.39 −2.22

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin−77.1%Net margin−98.5%Free cash flow margin−225.4%Fiscal year 2021Operating margin−6.6%Net margin−764.6%Free cash flow margin−70.1%Fiscal year 2022Operating margin0.5%Net margin−711.0%Free cash flow margin−205.2%Fiscal year 2023Operating margin−208.2%Net margin−227.6%Free cash flow margin−146.1%Fiscal year 2024Operating margin−14.5%Net margin−15.4%Free cash flow margin−47.9%Fiscal year 2025Operating margin3.5%Net margin17.4%Free cash flow margin−65.4%Fiscal year 2026Operating margin−148.0%Net margin−99.4%Free cash flow margin−127.0%
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating margin −77.1% −6.6% 0.5% −208.2% −14.5% 3.5% −148.0%
Net margin −98.5% −764.6% −711.0% −227.6% −15.4% 17.4% −99.4%
Free cash flow margin −225.4% −70.1% −205.2% −146.1% −47.9% −65.4% −127.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−1.0Capital expenditure−3.9Free cash flow−4.9Fiscal year 2021Operating cash flow1.8Capital expenditure−7.3Free cash flow−5.5Fiscal year 2022Operating cash flow−37.5Capital expenditure−83.7Free cash flow−121.1Fiscal year 2023Operating cash flow5.7Capital expenditure−116.1Free cash flow−110.3Fiscal year 2024Operating cash flow52.2Capital expenditure−141.9Free cash flow−89.6Fiscal year 2025Operating cash flow245.9Capital expenditure−573.5Free cash flow−327.6Fiscal year 2026Operating cash flow2,100.4Capital expenditure−2,998.0Free cash flow−897.6
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −1.0 1.8 −37.5 5.7 52.2 245.9 2,100.4
Capital expenditure −3.9 −7.3 −83.7 −116.1 −141.9 −573.5 −2,998.0
Free cash flow −4.9 −5.5 −121.1 −110.3 −89.6 −327.6 −897.6
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash2.0Total debt0.0Net cash (debt)2.0Shareholders’ equity8.8Debt to equity0.00Fiscal year 2021Cash39.0Total debt11.8Net cash (debt)27.2Shareholders’ equity−49.5Fiscal year 2022Cash110.0Total debt47.8Net cash (debt)62.2Shareholders’ equity437.4Debt to equity0.11Fiscal year 2023Cash68.9Total debt1.3Net cash (debt)67.6Shareholders’ equity305.4Debt to equity0.00Fiscal year 2024Cash404.6Shareholders’ equity1,097.5Fiscal year 2025Cash564.5Total debt962.8Net cash (debt)−398.2Shareholders’ equity1,817.5Debt to equity0.53Fiscal year 2026Cash5,895.6Total debt7,592.9Net cash (debt)−1,697.4Shareholders’ equity4,185.6Debt to equity1.81
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 2.0 39.0 110.0 68.9 404.6 564.5 5,895.6
Total debt 0.0 11.8 47.8 1.3 n/a 962.8 7,592.9
Net cash (debt) 2.0 27.2 62.2 67.6 n/a −398.2 −1,697.4
Shareholders’ equity 8.8 −49.5 437.4 305.4 1,097.5 1,817.5 4,185.6
Debt to equity 0.00 n/a 0.11 0.00 n/a 0.53 1.81

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025 FY2026 30 Jun 2026
Margins
−77.1% −6.6% 0.5% −208.2% −14.5% 3.5% −148.0%
−98.5% −748.9% −706.4% −224.4% −13.6% 18.7% −100.2%
−98.5% −764.6% −711.0% −227.6% −15.4% 17.4% −99.4%
−225.4% −70.1% −205.2% −146.1% −47.9% −65.4% −127.0%
Spending
n/a n/a n/a 64.9% 37.6% 27.2% 63.5%
180.0% 92.4% 141.7% 153.7% 75.8% 114.5% 424.0%
n/a n/a n/a n/a n/a 7.0% n/a
Returns
−24.3% n/a −96.0% −56.3% −2.6% 4.8% −16.8%
−18.5% −44.9% −73.6% −51.7% −2.5% n/a n/a
Balance and payout
0.00 n/a 0.11 0.00 n/a 0.53 1.81
23.8% 136.8% 23.3% 8.0% 4.8% n/a n/a