IREN Limited

IREN Financial Capital Markets

IREN Limited’s revenue for fiscal 2026 (year ended June 2026) was $707.0 million, up 41.1% from fiscal 2025.

Revenue
−26.7%
EPS
−391.9%
Free cash flow
+705.7%
Total debt
+701.0%

Quarter to June 2026, against a year earlier

21.80 3.77 +20.91%
Market cap
$7.3B
P/E
0.0×
Fwd P/E
−12.5×
Dividend yield
—
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

IREN Limited (IREN) Free cash flow margin

Alert me on Free cash flow margin

IREN Limited's free cash flow margin over the twelve months to 30 June 2026 was −123.6%. Over the past ten years it has ranged from −138.8% (fiscal 2026) to −44.3% (fiscal 2020) — the current reading is the lowest in ten years. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 −138.8% (75.66)
FY2025 −63.2% (15.29)
FY2024 −47.9% 46.80
FY2023 −94.7% 10.43
FY2022 −105.1% (39.86)
FY2021 −65.2% (20.97)
FY2020 −44.3% —

Against its own ten years

Low −138.8% High −44.3%
Ten-year median −65.2%
Current reading's percentile 14

Free cash flow margin against peers

Company Free cash flow margin
XP XP Inc. compare 65.2%
JEF Jefferies Financial Group Inc. compare 49.0%
HLI Houlihan Lokey, Inc. compare 15.7%
VIRT Virtu Financial, Inc. compare 11.7%
SNEX StoneX Group Inc. compare 2.40%
FUTU Futu Holdings Limited Sponsored ADR compare 0.00%
EVR Evercore Inc compare 0.00%
SF Stifel Financial Corporation compare 0.00%
IREN IREN Limited −123.6%
Capital Markets industry median 0.00%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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