IREN (IREN)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from IREN's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from IREN's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $59M | $76M | $187M | $501M | $707M |
| Net income | -$420M | -$172M | -$29M | $87M | -$703M |
| Free cash flow | -$121M | -$110M | -$90M | -$328M | -$898M |
| EPS (diluted) | -$10.25 | -$3.14 | -$0.29 | $0.39 | -$2.22 |
| Operating margin | 0.52% | -208.2% | -14.5% | 3.5% | -148.0% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own IREN
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by IREN's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 28, 2026 | Dale W. Strong |
0 | $62.94 | — |
| Jan 28, 2026 | Dale W. Strong |
0 | $62.94 | — |
| Jan 20, 2026 | Cleo Fields |
0 | $54.26 | — |
| Jan 20, 2026 | Cleo Fields |
0 | $54.26 | — |
| Dec 9, 2025 | Cleo Fields |
0 | $46.84 | — |
| Dec 9, 2025 | Cleo Fields |
0 | $46.84 | — |
| Oct 10, 2025 | Cleo Fields |
0 | $59.77 | — |
| Oct 10, 2025 | Cleo Fields |
0 | $59.77 | — |
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In the full deep dive
Questions
Are IREN insiders buying the stock?
8 open-market insider purchases of IREN in the last 12 months, from SEC Form 4 filings.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.