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IREN Ltd (IREN)
NASDAQFinancialsCapital MarketsSnapshot 2026-07-08
$43.01+8.01%
Close 2026-07-08 · 1-day change
The bottom line
IREN's growth depends on the performance of the Financials sector. If sector leaders like MS and GS continue to beat earnings, IREN could benefit. Revenue growth is uncertain, and the latest results are not available. IREN trades at a high multiple compared to peers, which suggests it looks expensive. If major banks miss earnings or guide lower, IREN's growth could weaken. Peer multiples imply a price about 333% below where it trades. This read is provisional.
as of 2026-07-08
Quick facts
- Exchange
- NASDAQ
- Sector
- Financials
- Industry
- Capital Markets
- Market cap
- $14.61B
- Employees
- —
- IPO date
- 2021-10-25
- Next earnings
- 2026-08-27
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 5 valuation methods, at three horizons. Current price $43.01. As of 2026-07-08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Fair value· primary
$9.20
Range $7.17 – $11.19
vs price: +368% above
Method agreement : high · 5 methods
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
3-year
—consensus
Range — – —
vs price: —
Method agreement —
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
5-year
—consensus
Range — – —
vs price: —
Method agreement —
A long-thesis check that carries the widest uncertainty of the three horizons.
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
12-month view
Trading +368% versus the 12-month peer-multiple consensus (looks stretched on this basis).
Compared to peers
90.8xP/E · peer median 23.6x
Looks more expensive than peers.
Compared to its own history
Self-history needs ~20 months of data.
P/E
90.8x
EV/EBITDA
—
FCF yield
-12.6%
Earnings yield (TTM)
How strong is the business
(quality & execution)Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Sector context
Intermediate · WeeklySector phase: financials is in growth, with decelerating (~3.0 years in phase).
Sector regime (90d momentum): mixed.Secular epoch: Growth by revenue growth · theme capital-markets/rates.neutral-0.7%sector vs S&P 500, 60d
via XLF
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
AI cycle regime · market-wide
2-axis classifierLong-term · 1–3 yr
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Provisional
- Capital allocation
- weak
- Margin discipline
- weak
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-07-08
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Long-term · 1–3 yr
No qualifying priorities for this snapshot. Check back after the next refresh.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$526.
How much price usually moves either way.
On a bad day, this stock has moved -$1,004.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,862.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-07-08
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-07-08
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
No named catalysts to watch right now. Check back after the next earnings report.
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for IREN yet.
This sector is also watching
- Watch for revenue growth dropping below 10% across major banks
- Watch for consumer spending trends in retail sales data
- Watch for FOMC decisions that affect interest rates.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like MS, GS, and SCHW keep beating earnings and guiding higher, the Financials sector momentum should keep lifting IREN and other Financials names. Worth watching these names for early signals.
- If inflation reaccelerates, say headline CPI back above 3.5% (currently 2.8%), that would benefit IREN and other Financials names (the sector typically holds up well in inflationary environments).
Downside triggers
- If the Fed starts cutting rates from the current 3.63%, that would weigh on IREN and other Financials names, since the sector usually outperforms when rates stay high.
- If sector bellwethers like MS, GS, and SCHW start missing or guiding lower, the Financials tailwind helping IREN and other Financials names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.7% (say, below 2%), it hits IREN and other Financials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
No material events in the last 90 days.
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not enough history for a weekly changelatest as of 2026-07-08
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.