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Our Company We are a leading owner and operator of next-generation data centers powered by 100% renewable energy (whether from clean or renewable energy sources or through the purchase of renewable energy certificates ( RECs )). Our data centers are purpose-built for power dense computing applications and today support a combination of GPUs for HPC and AI services and ASICs for Bitcoin mining.
$40.69
+$7.07 (+21.03%)
Live · 06:13 PM
Operating margin is thin at 3.46%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 167.7% YoY with margins expanding 18.0pp.
At 63x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$328M. The business is consuming cash, not generating it.
62.6x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$757M
▲ +167.7% YoY
Net Income (TTM)
$158M
▲ +400.6% YoY
Op. Margin
-53.95%
▲ +18.0pp YoY
ROIC
-6.58%
▲ +3.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1.46B
▼ -265.4% YoY
Op. Cash Flow (TTM)
$392M
▲ +370.9% YoY
Net Debt
$1.75B
Cash & Equiv.
$2.21B
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At a P/E of 62.6, IREN (IREN)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, IREN scores 71/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
IREN scores 71 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a -54.0% operating margin and a -6.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh IREN's valuation and scores 71/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.