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Flags

Earnings warning

IREN

NSQ:IREN · AU0000185993
SoftwareMedium

360

2
Medium confidence — indicative
Profit price87
Owner Earnings Yield1
Dividend Yield1
Price/Sales15
EV / Gross Profit13
Price/Book11
Return on Capital21
Cash Return on Capital4
Return on Equity37
EBIT Margin14
Gross Profitability15
Cash Conversion76
Accruals2
Owner Earnings Margin11
Sales growth39
Profit Growth5
Long-Term EPS Growth4
Reinvestment100
Price momentum98
Debt load11
Refinancing37
Debt Payback1
Liquidity16
Analyst ratings45
Opinion Changes20
Price Target Upside58
Market mood100
Value Creation4/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

IREN doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryAustralia
IndustrySoftware
SizeMedium
TypePublic Company
ExchangeNASDAQGS
Founded2018
Employees248
Websiteiren.com
ISINAU0000185993
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
GPU-as-a-Service (GaaS)Data Centers and FacilitiesEnergy StorageBlockchainArtificial IntelligenceCryptocurrencyCloud InfrastructureVirtual CurrencyBitcoinData CenterData Storage

Description

IREN Limited is an owner and operator of next-generation data centers. The company’s data centers are powered by 100% renewable energy (whether from clean or renewable energy sources or through the purchase of renewable energy certificates (‘RECs’))…

Analysis

Weak and unloved

IREN Limited scores below average on quality and is priced accordingly, a low-conviction position in either direction.

Valuation data is not available for this company.

Growth is tepid; the safety picture is fragile. The company scores 4/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
39
2023202420252026

All-time high

91

Jan 2024

All-time low

39

Jun 2026

Average rank

66

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
15
43
59
84
Price/Earnings
100
91
57
100
Price/Book
11
73
83
41
Dividend Yield
1
1
1
1
Value (overall)
32
49
49
69

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →