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. In the quarter to June 2026, revenue fell 26.7%, EPS fell 391.9%, free cash flow grew 705.7% and total debt rose 701.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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IREN Limited (IREN) P/E ratio
IREN Limited has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 161× (September 2025) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2026 | 0.0× | — |
| FY2025 | 49.9× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.5× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 38.1× | 57.94% |
| Dec 2025 | 24.1× | 1.86% |
| Sep 2025 | 23.7× | (52.52%) |
| 15 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| IREN IREN Limited | n/m |
| HUT Hut 8 Corp. compare | n/m |
| BMNR BitMine Immersion Technologies, Inc. compare | n/m |
| FUTU Futu Holdings Limited Sponsored ADR compare | 10.3× |
| SF Stifel Financial Corporation compare | 11.4× |
| JEF Jefferies Financial Group Inc. compare | 12.1× |
| EVR Evercore Inc compare | 13.2× |
| XP XP Inc. compare | 15.1× |
| HLI Houlihan Lokey, Inc. compare | 21.3× |
| Capital Markets industry median | 14.2× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)