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Stock Ratings / Financials / IREN
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IREN Limited (IREN) — RQD Stock Rating Cockpit

$22.02 -8.06% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $21.66

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.

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?
▼

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 $22.02 (-8.06% 1D, market cap $9.69B). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, IREN ranks #992 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?
▼

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?
▼

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: $21.66 (-1.64%)🧬 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
025507510033
2-of-3 Quant Analysts 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 RQD RADARRw E · Rk D
Cash (6)Whales (6)SEC (15)Macro (3)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-11.3% Base Target
$81 Bull$20 Base$15 Bear
📬 FREE IREN RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
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)
41
Grade D$30.56-8.9% Next Q
Q2 (-2Q)
38
Grade E$27.84+3.6% Next Q
Q3 (-1Q)
36
Grade E$28.84-23.6% Next Q
Current
33
Grade E$22.02-8.9% 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 ($23.12) 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 →
RSI-14 MOMENTUMNEUTRAL RANGE
33.430 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
8 / 99-Pt Accounting
52-WEEK LASER RANGE2% OF RANGE
L: $23$22.02H: $77
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 6 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 9 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: DRQD 18 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

2-of-3 Quant Analysts Bearish Warning on IREN

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (30)

1.2% ROIC with 42.0% gross margin and -3.08% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BULLISH (75)

Altman-Z 4.20 and Piotroski 8/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (20)

9/40 institutional & smart-money positioning score with 3/20 macro alignment.

Bull Case: Why Buyers Like IREN
  • ✓Clean SEC annual filing review with no major hidden accounting time-bombs.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Priced at 122x earnings—high expectations leave less room for a lukewarm quarter.
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: -55.50%📐 HORIZONTAL RANGE
2026-11-03O $26.25H $26.25L $22.02C $22.02VOL 52.98M
RES: $49.56SUP: $4.39SMA50: $36.84SMA200: $43.92
$74.12$60.00$45.88$31.76$17.64RES $49.56SUP $4.39$22.022026-05-042026-06-182026-08-052026-09-212026-11-03
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

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

Reverse-DCF Expectations Hurdle
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

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 #992 of 1097 ⚔️ 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 1097 tracked Financials securities in the Roarable RQD universe, IREN Limited (IREN) ranks #992 by composite RQD confidence (33/100, grade E) and #190 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% -8.06% $9.69B Benchmark Subject
KLAR
Klarna Group plc
D+ 52/100 32.8x — 9.9% +0.60% $9.39B /klar-vs-iren →
CHYM
Chime Financial Inc.
D- 41/100 — — -35.0% +2.08% $10.58B /chym-vs-iren →
BMNR
BitMine Immersion Technologies Inc.
D- 40/100 37.5x — 3.4% -3.17% $12.17B /bmnr-vs-iren →
HUT
Hut 8 Corp.
E 29/100 — — -13.9% -7.40% $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?

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 $22.02 (-8.06% 1D, market cap $9.69B). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, IREN ranks #992 in composite RQD confidence.

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

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).

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

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.

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

IREN last traded at $22.02 (-8.06% on volume of 48,858,386 shares), positioning the stock -40.23% below its 50-day simple moving average ($36.84) and -49.86% below its 200-day simple moving average ($43.92). Across its 52-week range of $23.06 to $76.87, IREN sits at the 0.0% percentile with a 14-day RSI of 33.4 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($19.27 to $24.77).

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) ✓ SEC XBRL & RQD VERIFIED

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

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-06-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

IREN Limited (IREN) earns a live Roarable RQD composite score of 33/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $22.02 (-8.06% 1D, market capitalization $9.69B).

  • Fundamental Cash Engine (6/20): Anchored by return on invested capital (ROIC) of 1.2%, gross margin of —, operating margin of 3.5%, and free cash flow yield of -3.08%.
  • Whale 13F & Options Flow (6/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (3/20) + Forensic Balance Sheet (15/20): Incorporates a 1.08x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 8/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

IREN Limited is a NASDAQ-listed issuer classified under the Financials sector and the Finance: Consumer Services industry. — for detailed business description.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-06-30), IREN Limited (IREN) reported $501.0M in annual revenue (up from $187.2M in FY2024, +167.7% YoY) and $87.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($75.5M revenue, -$172.0M net income) through FY2025, IREN scaled operating cash flow to $245.9M and free cash flow to -$327.6M, backed by $7.03B in total assets against $2.03B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 33/100): Clean SEC annual filing review with no major hidden accounting time-bombs. Free cash flow yield of -3.08% and institutional whale pillar of 6/20. With Fundamental Cash Engine at 6/20 and Institutional Whale Flow at 6/20, sustained execution supports upside toward the upper end of the $23.06 – $76.87 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh 122.1x trailing P/E and 18.3x EV/EBITDA against 3.5% operating margins and a 1.08x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies are therefore — Sector classification is Financials / Finance: Consumer Services. — for quantified sector correlations or 2nd-order bottlenecks.

  • Key Question #1: Can IREN sustain or expand its 3.5% operating margin and 1.2% ROIC against Finance: Consumer Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $501.0M and free cash flow of -$327.6M, how will capital allocation balance growth reinvestment against $2.03B in total debt?
  • Key Question #3: How sensitive is IREN's 102.6x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.08x)?

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

IREN Bull vs. Bear Conversation Board — What's Your Call at $22.02?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON IREN 🐻 33% BEARISH CONVICTION
1. Pick Your Side on IREN:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeltaGamma_99 RQD DEBATE OPENER • Options Flow Specialist 🐂 BULLISH 🎯 Target: $28.26 (+18.0%)
📌 Pinned Debate

Forensic balance sheet scores 15/20 with Piotroski F 8/9 and Debt/Equity 0.5, and FY 2025 revenue reached $501.0M with net income of $8

Here is why I am bullish on IREN here at $23.95: Forensic balance sheet scores 15/20 with Piotroski F 8/9 and Debt/Equity 0.5, and FY 2025 revenue reached $501.0M with net income of $87.0M.. Compare IREN's 3.5% operating margin and 1.2% ROIC against the rest of Finance: Consumer Services. As long as cash conversion holds up, dips toward $22.75 are getting bought.

CapAlloc_Nerd 🐂 BULL

@ForensicBear Fair point on 122.1x trailing P/E, but you're ignoring the forward operating leverage in Finance: Consumer Services. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $18.68 (-22.0%)
Spot @ $23.95

ROIC of 1.2%, FCF yield of -3.08%, and trailing P/E of 122.1 against EPS of 0.22 leave little cash-engine or earnings support for the p

Sitting on the sidelines or leaning short IREN above $23.95. ROIC of 1.2%, FCF yield of -3.08%, and trailing P/E of 122.1 against EPS of 0.22 leave little cash-engine or earnings support for the price.. Until Fundamental Cash Engine (6/20) and FCF yield (-3.08%) inflect higher, upside is capped near $76.87.

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