Iris Energy Ltd

Iris Energy Ltd

IREN

Get informed when a big investor buys or sells

+ Follow
Market Cap$12.65B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Iris Energy LtdIris Energy Ltd886.3--13%13.91.5

Earnings Call Q3 2026

May 7, 2026 - AI Summary

Record execution + capacity ramp (core bull case): IREN increased secured power to 5 GW, added sites in Europe (Spain via acquisition) and APAC, and is driving “time to compute” through repeatable construction templates. All operational capacity is fully contracted (they’re not chasing demand—building supply fast enough for it).
Revenue/contracting progress + 2026 forecast: ARR under contract = $3.1B, reaffirmed target $3.7B exiting calendar 2026 (back-end weighted). They described a 2026 build plan targeting 480 MW AI cloud, ~150k GPUs, with Horizon One–Four (liquid-cooled) at Childress: 300 MW, scheduled Microsoft handoff in Q3 2026; other liquid-cooled + air-cooled conversions progressing in BC/Childress/Mackenzie/Prince George.
Major surprise/opportunity: NVIDIA partnership ties capital to deployment: Announced a $3.54B five-year AI cloud contract (NVIDIA internal workloads—first step) plus a $2.1B NVIDIA investment aligned to up to 5 GW NVIDIA DSX-aligned infrastructure across IREN’s platform (DGX environments / DSX AI Factory reference architecture). NVIDIA’s rights to invest vest only as GPU infrastructure is deployed, fully tied to deployment of ~600k GPUs—i.e., “partner wins as we deliver.”

Exclusive for Stockcircle Pro members

Sign upSign Up
$81.20

Target Price by Analysts

95% upsideIris Energy Target Price DetailsTarget Price

Share Statistics

Market cap$12.65 Billion
Enterprise Value$14.42 Billion
Dividend Yield$- (-)
Earnings per Share$0
Beta4.3
Outstanding Shares216,623,384

Return

Return on Equity-12.82%ROE
Return on Assets-4.70%
Return on Invested Capital-6.72%

Valuation & Multiples

P/E Ratio886.25P/E Ratio
PEG-65.98PEG
Price to Sales13.88Price to Sales
Price to Book Ratio3.47Price to Book Ratio
Enterprise Value to Revenue17.58
Enterprise Value to EBIT-32.44
Enterprise Value to Net Income-43
Total Debt to Enterprise0.28
Debt to Equity1.5Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 27, 2026
EPS Estimate
$-0.55
Average shareholder expectation
Revenue Estimate
$132.29 M
Average shareholder expectation

Next Earnings Call

Expected Date
November 5, 2026
EPS Estimate
$-0.56
Average shareholder expectation
Revenue Estimate
$238.39 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8559 14.36%
Total Calls95,446,948 45.86%
Total Puts81,693,934 24.90%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %109.93% 32.95%
Total Invested$10.25B 80.73%
Investors Holding793 216.00%

ESG Score

No data

About Iris Energy Ltd