IREN Limited IREN
Capital Markets

IREN Limited trades at 5.8x EV/NTM revenue on a $15.67B enterprise value. Revenue grew -26.7% year over year to $137.2M in the quarter ending June 2026, an annual run rate of $548.0M. IREN Limited reports a 75.7% gross margin.

ARR ($M)
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
5.8x
Payback Period
EV / Run Rate
28.6x
Price & Key Metrics
Price Performance
Company Details
Share Price: 35.45
Last Filing Date: 2026-06-30
Last Filing: Form
Founding Year: 2018
IPO Year: 2021
% of 52 wk High: 46%
Description
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers.
Categories
Capital Markets
Valuation
Market Cap: 13,969.379
Enterprise Value: 15,666.779
EV / Revenue Run Rate: 28.6x
EV / NTM Revenue: 5.8x
EV / 2026 Revenue Estimates: 8.0x
EV / 2027 Revenue Estimates: 3.4x
EV / 2028 Revenue Estimates: 1.5x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: --
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 548
ARR: --
2026 Revenue Estimates: 1,950
2027 Revenue Estimates: 4,621
2028 Revenue Estimates: 10,342
LTM Revenue: 706
Last Year Run Rate: 749
Growth
Revenue Growth: -27%
ARR Growth: --
Growth Persistence: --
2026 Revenue Growth Estimates: --
2027 Revenue Growth Estimates: 137%
2028 Revenue Growth Estimates: 124%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is IREN Limited growing?

IREN Limited grew revenue -26.7% year over year, reaching $137.2M in the quarter ending June 2026.

What multiple does IREN Limited trade at?

IREN Limited trades at 5.8x EV/NTM revenue and 28.6x EV/run-rate, on an enterprise value of $15.67B.

Is IREN Limited profitable?

For IREN Limited, operating income was -$620.4M last quarter and LTM free cash flow margin is -200.0%.

What sector is IREN Limited in?

Public Comps classifies IREN Limited under Capital Markets.

Where does Public Comps get IREN Limited's data?

Figures come from IREN Limited's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.