IREN Ltd
IRENNasdaqFinancials · Finance Services · C3 · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | $501.0M | $187.2M | $75.5M |
| Operating income | $17.3M | −$27.2M | −$157.2M |
| Net income | $86.9M | −$28.9M | −$171.8M |
| Total assets | $2.94B | $1.15B | — |
| Total liabilities | $1.12B | $55.3M | — |
| Equity | $1.82B | $1.10B | $305.4M |
| EPS (diluted) | $0.39 | $-0.29 | $-3.14 |
| Shares out. | 223.2M | 99.6M | 54.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 3.5%
- Net margin
- 17.4%
- Return on equity
- 4.8%
- Return on assets
- 3.0%
- Return on capital (ROCE)
- 0.6%
- Liabilities / assets
- 38.2%
- Debt / equity
- 0.62×
- Book value / share
- $8.14
- Revenue growth (YoY)
- 167.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 2.18grey zone
- Accruals / assets
- −5.4%clean
- Beneish M-Score
- -1.12elevated
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 warning● 5 good- Beneish M-Score elevated — earnings-manipulation screen flag
- Altman Z″ in the grey zone
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Susquehanna Securities, LlcPassive (13G)Feb 13, 2026
- Jane Street Group, LlcPassive (13G)Feb 2, 2026
- Citadel Securities Gp LlcPassive (13G)Aug 14, 2025
- Hansainvest Hanseatische Investment-Limited CoPassive (13G)Jul 23, 2025
- Roberts Daniel JohnPassive (13G)Jul 3, 2025
- Roberts William GregoryPassive (13G)Jul 3, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Roberts Daniel JohnOfficer — Co-Chief Executive Officer | Sep 11, 2025 | Sell | 1.0M | $33.13 |
| Roberts William GregoryOfficer — Co-Chief Executive Officer | Sep 11, 2025 | Sell | 1.0M | $33.13 |
| Guzowski ChristopherDirector | Jul 1, 2025 | Grant | 39,168 | $0.00 |
| Roberts William GregoryOfficer — Co-Chief Executive Officer | Jul 1, 2025 | Grant | 1.8M | $0.00 |
| Bartholomew David JamesDirector | Jul 1, 2025 | Grant | 48,960 | $0.00 |
| Roberts Daniel JohnOfficer — Co-Chief Executive Officer | Jul 1, 2025 | Grant | 1.8M | $0.00 |
| Parasuraman SunitaDirector | Jul 1, 2025 | Grant | 39,168 | $0.00 |
| Alfred MichaelDirector | Jul 1, 2025 | Grant | 39,168 | $0.00 |
| Nucifora BelindaOfficer — Chief Financial Officer | Jul 1, 2025 | Grant | 63,910 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 50.9M | 1.0 | -12.7% |
| Apr 30, 2026 | 58.4M | 1.6 | -1.3% |
| Apr 15, 2026 | 59.1M | 1.9 | +5.8% |
| Mar 31, 2026 | 55.9M | 1.7 | +8.2% |
| Mar 13, 2026 | 51.6M | 1.5 | +16.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationJun 1, 2026
- Entered a material agreement · Regulation FD disclosureMay 26, 2026
- Entered a material agreement · New financial obligation · Unregistered equity sale · Other material eventMay 14, 2026
- Other material eventMay 12, 2026
- Other material eventMay 11, 2026
- Results of operationsMay 11, 2026
- Results of operationsMay 8, 2026
- Other material eventMar 4, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KJun 1, 2026
- 8-KMay 26, 2026
- 8-KMay 14, 2026
- 8-KMay 12, 2026
- 8-KMay 11, 2026
- 8-KMay 11, 2026
- 10-QMay 8, 2026
- 8-KMay 8, 2026
- 8-KFORM 8-KMar 4, 2026
- 424B5Mar 4, 2026
- 8-KFORM 8-KMar 4, 2026
- SCHEDULE 13G/AFeb 13, 2026
- 10-QFeb 5, 2026
- 8-KFeb 5, 2026
- SCHEDULE 13G/AFeb 2, 2026
Event-driven situations (1)
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