IREN Ltd (IREN)
NASDAQFinancialsSoftware - ServicesSnapshot 2026-11-04
$21.71-11.24%
Close 2026-11-04 · 1-day change
NASDAQFinancialsSoftware - ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · IREN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -55.5% |
| Our one-year growth estimate | diamond | Not available |
Growth built into the price is above our model estimate.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A comparable growth gap is not available.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 1 industry peers
IREN — debt issuance
Dated 2026-08-04
Other Events. On August 4, 2026, the Company filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement to the prospectus included in the Company’s registration statement on Form S-3 POSASR originally filed with the SEC on Form F-3 (Reg. No. 333-284369) on January 21, 2025 and as amended by post-effective amendment on Form S-3 on August 25, 2025 (as so amended, the “Registration Statement”), covering the resale from time to time by certain selling shareholders of up…
Why it matters: IREN is spending heavily to expand. Its recent GPU loans carried rates of 6.0% and 9.0%.
Worry ifIREN reports new GPU financing or customer prepayments covering at least 90% of related GPU costs. Stated loan rates are no higher than 9%.
Less concerning ifIREN reports that funding covers less than 90% of GPU costs, or new GPU loans carry rates above 9%.
Why it matters: Contracted ARR is not the same as revenue from live services. Operating ARR shows how much planned capacity has begun work.
Supportive ifIREN reports operating ARR above $1bn and shows a rise from the $1bn reported on August 26, 2026.
Worry ifOperating ARR stays at or below $1bn, or falls, as planned GPU capacity enters service.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$389 on $10,000 · ±3.9% | How much price usually moves either way. |
| Bad day | $1,086 loss on $10,000 · 10.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $7,159 loss on $10,000 · 71.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.