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Iris Energy Ltd (IREN)$56.83

Market Cap: 1.39 BCurrency: USD

Research Snapshot

Static fundamentals, valuation context, and investor signals for Iris Energy Ltd (IREN).

FINANCIAL
CAPITAL MARKETS
DCF ready

Valuation

-2.5x

EV/FCF, N/A FCF yield

Quality

4.8%

ROIC, -65.4% FCF margin

Growth

N/A

5Y sales (revenue) CAGR

Balance sheet

0.0x

Debt/equity, 4.3x current ratio

Superinvestors

0

No tracked positions

Strengths to research

  • Debt/equity looks manageable at 0.0x.

Watchouts

  • P/E is elevated at 145.7x.
  • Free cash flow margin is negative at -65.4%.
Annual data: 3 periods
Quarterly data: 6 periods
Stock snapshot: May 25, 2026
Static dataset: May 25, 2026

Quality Scorecard

Build-time composite score for IREN.

Grade D
30
/ 100

Peer Comparison

Target stock against 8 market-cap comparable peers.

Heat map: red worst to green best
IREN
Target
Iris Energy Ltd$1.4B145.7x-2.5x4.8%N/A-65.4%N/A-2.8xN/A
HUTHut 8 Corp$1.3B-49.5x-9.2x-17.4%N/A-59.2%N/AN/AN/A
PWPPerella Weinberg Partners$1.5B39.7x40.7xN/A7.7%4.1%N/A-4.2xN/A
CIFRCipher Mining Inc$1.1B-10.2x-4.6x-23.4%N/A-310.7%N/AN/AN/A
LAZLazard Inc.$3.6B22.1x7.9x9.3%3.8%15.3%N/A0.6xN/A
MCMoelis & Co.$4.0BN/A6.4x45.7%N/AN/AN/A-1.9xN/A
PIPRPiper Sandler Companies$4.4B5.1x6.1x20.5%7.9%32.0%N/AN/AN/A
BGCBGC Group Inc.$4.7B36.1x14.3x6.2%7.6%15.3%N/AN/AN/A
EVREvercore Inc.$8.2B24.6x5.7x29.1%11.2%30.5%N/AN/AN/A

Financial Charts

No financial data available for IREN (annual).