Stock Ratings / Financials / IREN / earnings

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IREN Limited (IREN) Next Earnings Date & Expected ±12.5% Move

$23.95 -8.76% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $23.53

IREN Limited (IREN) carries a Roarable Rating of E (Strong Sell) with 33/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (33/100 · E) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE E • RED ALERT Cap $9.69B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on IREN Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is IREN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, IREN Limited (NASDAQ: IREN) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 33/100 at a spot price of $23.95 (-8.76% 1D, market cap $9.69B). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 15/20, FRED Macro Regime Fit 3/20, and SEC Balance-Sheet Forensics 3/20. Across 1096 tracked Financials issuers, IREN ranks #991 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does IREN compare to KLAR and CHYM in the Financials sector?

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Within the Financials sector (Finance: Consumer Services), IREN carries a Roarable E (33/100 RQD), trailing P/E of 122.1x, gross margin of —, and ROIC of 1.2%. By comparison, KLAR (Klarna Group plc) holds a D+ grade (52/100 RQD, P/E 32.8x, ROIC 9.9%, cap $9.39B) and CHYM (Chime Financial Inc.) posts a D- grade (41/100 RQD, P/E N/A, ROIC -35.0%, cap $10.58B). Among the 5-stock peer group, KLAR leads on earnings multiple (32.8x) while KLAR leads on capital efficiency (9.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for IREN?

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Per IREN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-06-30, CIK 0001878848), IREN Limited generated $501.0M in revenue (+167.7% YoY), $87.0M in net income, and -$327.6M in free cash flow against $7.03B in total assets and $2.03B in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $23.53 (-1.77%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (33/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-8.9% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-11.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for IREN)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (33/100 Composite)

🔍 WHY IREN SCORES 33/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+15/20 pts (45% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▲ #2 Bullish Driver: Cash Engine Quality+6/20 pts (18% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 68.3% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$30.56-8.9% Next Q

Q2 (-2Q)

Grade E$27.84+3.6% Next Q

Q3 (-1Q)

Grade E$28.84-17% Next Q

Current

Grade E$23.95-8.9% Hist 90D α

Trajectory: D (41) → E (33)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a IREN Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While IREN currently carries a cautious 33/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Clean SEC annual filing review with no major hidden accounting time-bombs.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($36.84) and Max Pain ($25.15) forces dealer call-delta covering toward $80.71.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $IREN• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “IREN Beats Next Quarter EPS Consensus (Dec 28, 2026) & Holds Above 200D SMA”

YES 33%NO 67%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 28, 2026 (~55 DAYS)

Historical OHLCV Volatility ±12.5% Swing Band

±$2.99 Expected Swing

MODEL EARNINGS SETUP GAUGE

IREN Quantitative Pre-Earnings Setup: 33/100

Trailing EPS: $0.22 • YoY Revenue Growth: 167.7%

Model Bullish Setup (33/100)Model Risk Weight (67/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2025-06-30	$501.0M	$87.0M	-$327.6M	68.3%
FY 2024	2024-06-30	$187.2M	-$29.0M	-$89.6M	53.5%
FY 2023	2023-06-30	$75.5M	-$172.0M	$2.3M	68.3%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring IREN)

✓Walkthrough of IREN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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IREN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -51.60%🛡️ HOLDING TREND SUPPORT

2026-11-03O $26.25H $26.25L $23.95C $23.95VOL 52.98M

RES: $49.56SUP: $22.26SMA50: $36.84SMA200: $43.92

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

IREN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 IREN Butterfly Map → + Track IREN →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

48.0%/yr Implied 5Y Growth

vs. +167.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on IREN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for IREN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for IREN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (IREN)

Financials Rank #991 of 1096 ⚔️ KLAR vs IREN Full Matrix →

1. Head-to-Head Financials Peer Comparison (IREN vs. KLAR, CHYM, BMNR, HUT)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, IREN Limited (IREN) ranks #991 by composite RQD confidence (33/100, grade E) and #189 by equity capitalization ($9.69B). Within this direct 5-issuer industry benchmark cohort, KLAR leads on earnings valuation at 32.8x trailing P/E, while KLAR leads on capital efficiency and profitability with 9.9% ROIC and — gross margin. KLAR currently holds the highest overall quantitative score in the immediate peer group at 52/100 (D+) compared with IREN at 33/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
IREN ACTIVE IREN Limited	E	33/100	122.1x	—	1.2%	-8.76%	$9.69B	Benchmark Subject
KLAR Klarna Group plc	D+	52/100	32.8x	—	9.9%	-2.56%	$9.39B	/klar-vs-iren →
CHYM Chime Financial Inc.	D-	41/100	—	—	-35.0%	-3.19%	$10.58B	/chym-vs-iren →
BMNR BitMine Immersion Technologies Inc.	D-	40/100	37.5x	—	3.4%	-6.83%	$12.17B	/bmnr-vs-iren →
HUT Hut 8 Corp.	E	29/100	—	—	-13.9%	-10.60%	$7.32B	/hut-vs-iren →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-06-30 • CIK 0001878848

In its most recent audited fiscal period (FY2025, filed 2025-06-30), IREN Limited (IREN) reported GAAP revenue of $501.0M (+167.7% vs. FY2024 revenue of $187.2M , and +563.5% cumulative change since FY2023) , GAAP net income of $87.0M, operating cash flow of $245.9M, and free cash flow of -$327.6M (-265.4% YoY). On the balance sheet, IREN closed FY2025 with $7.03B in total assets against $2.03B in total debt (Altman Z-Score: N/A, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-06-30	$501.0M	$87.0M	$245.9M	-$327.6M	$7.03B	$2.03B
FY2024 (FY)	2024-06-30	$187.2M	-$29.0M	$52.2M	-$89.6M	$5.84B	$1.37B
FY2023 (FY)	2023-06-30	$75.5M	-$172.0M	$5.7M	$2.3M	$5.84B	$1.37B

3. IREN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is IREN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does IREN compare to KLAR and CHYM in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for IREN?

Where is IREN trading relative to its 50-day, 200-day, and 52-week technical levels?

IREN last traded at $23.95 (-8.76% on volume of 52,976,325 shares), positioning the stock -34.99% below its 50-day simple moving average ($36.84) and -45.47% below its 200-day simple moving average ($43.92). Across its 52-week range of $23.06 to $76.87, IREN sits at the 1.7% percentile with a 14-day RSI of 33.4 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($20.96 to $26.94).

IREN Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is IREN's next earnings date?

Based on SEC filing cadence, IREN Limited (IREN)'s next quarterly reporting window is estimated around Dec 28, 2026.

How much is IREN stock expected to move on earnings?

Volatility modeling currently projects a ±12.5% event move for IREN, spanning a range between $20.96 and $26.94.

Direct Sub-Reports: IREN RQD Cockpit IREN 12M Forecast IREN Earnings & Move IREN Dividends & DRIP IREN Insiders & 13F IREN Whale Options IREN Profit Sankey IREN News & Why

ROARABLE RATING BRIEF • RQD 33/100 (E) ✓ STAGE-C NUMBER FIREWALL VERIFIED

IREN — IREN Limited: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:16:18Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, IREN scores 34 out of 100 with a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are:

Fundamental Cash Engine: 6 / 20 (ROIC 1.2%; FCF yield -3.08%). This is the weakest economic signal: returns on invested capital are minimal and free cash flow yield is negative.
Whale 13F Flow: 7 / 20 (institutional accumulation and options positioning). Institutional signal is weak-to-modest.
Insider Conviction: 3 / 20 (SEC Form 4 and Congressional PTR cluster flow). Insider signal is among the weakest of the five pillars.
Macro Regime Fit: 3 / 20 (Beta 1.08; sector sensitivity). The rating treats the stock as sensitive to market and sector moves.
Forensic Balance Sheet: 15 / 20 (Altman Z 2.5; Piotroski F 8/9; Debt/Equity 0.5). This is the strongest pillar, indicating the balance sheet is comparatively sound on the forensic measures provided.

For a prospective investor, the practical reading is that the balance sheet metrics are the main offset to weak cash generation, insider signals, and macro-sensitivity scores. Upside drivers would need to come from a sustained improvement in ROIC and free cash flow, which the rating currently scores poorly. Valuation is a tradeoff: per the market data, trailing P/E is 122.1 and forward P/E is 102.6 against EPS (TTM) of 0.22, so earnings-based support is thin. The rating's verdict is that the risk profile does not justify a favorable view at present.

Snapshot

Price	Market Cap	P/E (TTM)	Forward P/E	EV/EBITDA	EPS (TTM)	Dividend Yield	Beta	52-Wk Range	ROIC %
26.25	$10.62B	122.1	102.6	18.3	0.22	0%	1.08	$23.06 - $76.87	1.2%

Business

IREN Limited is a NASDAQ-listed issuer classified under the Financials sector and the Finance: Consumer Services industry, per the profile section. The source data does not describe its specific products, customers, or revenue model beyond this classification. The Butterfly Supply-Chain Graph lists no supply-chain links. Not available in source data for detailed business description.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$501.0M	$17.3M	$87.0M	N/A	$-327.6M	$3260.6M	$2032.4M
FY 2024	$187.2M	$-27.2M	$-29.0M	N/A	$-89.6M	N/A	$1366.9M
FY 2023	$75.5M	$-157.2M	$-172.0M	N/A	$2.3M	N/A	$1366.9M

Per the SEC financials, revenue grew from $75.5M (FY 2023) to $501.0M (FY 2025), and operating income moved from negative to $17.3M in FY 2025. Per the market data, operating margin is 3.5% and net margin is 17.4%, while gross margin is 0% and ROIC is 1.2%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 8/9, with Debt/Equity at 0.5. Free cash flow was negative in every reported period shown, including -$327.6M in FY 2025.

Recent Catalysts & News Wire Analysis

Per the recent news and catalysts section, six items are listed, each tagged to IREN:

A Yahoo Finance report describing a 40% monthly decline and analyst views on a potential rebound (YELLOW, market wire).
A Seeking Alpha report characterizing the stock as a strong buy tied to AI capacity build-out (YELLOW, market wire).
A 24/7 Wall St. report on a 33% decline in 2026 alongside analyst price expectations (YELLOW, market wire).
A TradingView report on the stock falling to its lowest level since July after a brief rise on a reported Anthropic deal (RED, risk watch).
A Yahoo! Finance Canada quote and history page (YELLOW, market wire).
A Stocktwits report on a stock decline in early trade following a $2B private offering, with a question about JPMorgan's view of an Nvidia deal (YELLOW, market wire).

The only item flagged RED (risk watch) is the TradingView report on the decline to a July low. The Butterfly Supply-Chain Graph contains no proprietary signals.

Open Questions

What does IREN sell and to which customers, given that the profile gives only a sector classification?
The source data reports net margin of 17.4% alongside operating margin of 3.5% and negative FCF; what drives the gap between earnings and cash generation?
Cash of $3,260.6M and debt of $2,032.4M are reported for FY 2025, but cash is N/A for FY 2024 and FY 2023; what is the full balance-sheet trajectory?
What are the terms and status of the reported Anthropic and Nvidia-related deals referenced in the news items?
What is the basis for the analyst price expectations cited in headlines, given that the analyst data section is empty?

IREN Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for IREN Limited (IREN) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to IREN Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 16h ago

IREN Limted Crashed 40% This Month: Three Wall Street Analysts Agree It’s Going to Quadruple

Yahoo Finance report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 19h ago

IREN Limited: A Strong Buy As AI Capacity Builds Toward Higher Future Earnings

Seeking Alpha report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE 24/7 Wall St. • 22h ago

IREN Limited Fell by 33% in 2026 But 3 Analysts Believe It Will Nearly Quadruple in Price From Here

24/7 Wall St. report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH TradingView • 1d ago

IREN Stock Falls to Its Lowest Level Since July After a Brief Pop on a Reported Anthropic Deal

TradingView report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo! Finance Canada • 1d ago

IREN Limited (IREN) Stock Price, News, Quote & History

Yahoo! Finance Canada report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stocktwits • 1d ago

IREN Stock Cracks In Early Trade After $2B Private Offering – Why Is JPMorgan Not Sold On Nvidia Deal?

Stocktwits report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 1d ago

IREN Limited: The Story Is Getting Better, But It Is Still Not Worth It

Seeking Alpha report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH 24/7 Wall St. • 1d ago

IREN Drops 4% as SemiAnalysis Flags Its Canadian Data Centers; Core Scientific Pulls Back 2%

24/7 Wall St. report covering IREN Limited (IREN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

IREN Bull vs. Bear Conversation Board — What's Your Call at $23.95?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON IREN 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $23.10 (-12.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is IREN (E • RQD 34/100) a Buy at $26.25?

Welcome to the IREN (IREN Limited) Roar Pit. Current RQD Composite is 34/100 (Roarable Strong Sell — Forensic Risk / Avoid) in Finance: Consumer Services. Bulls point to operating leverage and sector positioning, while bears focus on valuation multiple compression (122.1x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

RE RedlineAuditor Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $21.79 (-17.0%)

Spot @ $26.25

Pump the brakes on IREN — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on IREN, but look at what you are paying: 122.1x trailing P/E with tightening sector spreads. Unless IREN Limited expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

TA TapeReader_Pro Verified K Arena Trader 🐂 BULLISH 🎯 Target: $31.50 (+20.0%)

Spot @ $26.25

IREN cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on IREN, the market is fixating on short-term headline noise in Finance: Consumer Services and ignoring the balance sheet and cash flow trajectory. At $26.25 (52-wk range $23.06 - $76.87), any beat on forward guidance forces shorts and underweight funds to chase.