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IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
2018
144
LTM Revenue $469M
LTM EBITDA $228M
$2.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
IREN has a last 12-month revenue (LTM) of $469M and a last 12-month EBITDA of $228M.
In the most recent fiscal year, IREN achieved revenue of $189M and an EBITDA of $25.4M.
IREN expects next 12-month revenue of XXX and NTM EBITDA of XXX
See IREN valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $469M | XXX | $189M | XXX | XXX | XXX |
| Gross Profit | $327M | XXX | $167M | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 88% | XXX | XXX | XXX |
| EBITDA | $228M | XXX | $25.4M | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 13% | XXX | XXX | XXX |
| EBIT | $36.1M | XXX | -$27.2M | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | -14% | XXX | XXX | XXX |
| Net Profit | $11.4M | XXX | -$29.0M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | -15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, IREN's stock price is $8.
IREN has current market cap of $2.0B, and EV of $2.2B.
See IREN trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.2B | $2.0B | XXX | XXX | XXX | XXX | $0.02 |
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Start Free TrialAs of May 30, 2025, IREN has market cap of $2.0B and EV of $2.2B.
IREN's trades at 6.3x EV/Revenue multiple, and 16.0x EV/EBITDA.
Equity research analysts estimate IREN's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IREN has a P/E ratio of 177.7x.
See valuation multiples for IREN and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.0B | XXX | $2.0B | XXX | XXX | XXX |
| EV (current) | $2.2B | XXX | $2.2B | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBITDA | 9.4x | XXX | 16.0x | XXX | XXX | XXX |
| EV/EBIT | 59.7x | XXX | 301.7x | XXX | XXX | XXX |
| EV/Gross Profit | 6.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 177.7x | XXX | -291.0x | XXX | XXX | XXX |
| EV/FCF | -3.0x | XXX | -3.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialIREN's last 12 month revenue growth is 88%
IREN's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $1.3M for the same period.
IREN's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IREN's rule of X is 268% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for IREN and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 88% | XXX | 65% | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 130% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 51% | XXX | 127% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 268% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $1.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 103% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
IREN acquired XXX companies to date.
Last acquisition by IREN was XXXXXXXX, XXXXX XXXXX XXXXXX . IREN acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was IREN founded? | IREN was founded in 2018. |
| Where is IREN headquartered? | IREN is headquartered in United States of America. |
| How many employees does IREN have? | As of today, IREN has 144 employees. |
| Who is the CEO of IREN? | IREN's CEO is Mr. Daniel Roberts. |
| Is IREN publicy listed? | Yes, IREN is a public company listed on NAS. |
| What is the stock symbol of IREN? | IREN trades under IREN ticker. |
| When did IREN go public? | IREN went public in 2021. |
| Who are competitors of IREN? | Similar companies to IREN include e.g. Phoenix Group, Jasmine Technology Solution, Advanced Blockchain, Bitcoin Group. |
| What is the current market cap of IREN? | IREN's current market cap is $2.0B |
| What is the current revenue of IREN? | IREN's last 12 months revenue is $469M. |
| What is the current revenue growth of IREN? | IREN revenue growth (NTM/LTM) is 88%. |
| What is the current EV/Revenue multiple of IREN? | Current revenue multiple of IREN is 4.6x. |
| Is IREN profitable? | Yes, IREN is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IREN? | IREN's last 12 months EBITDA is $228M. |
| What is IREN's EBITDA margin? | IREN's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of IREN? | Current EBITDA multiple of IREN is 9.4x. |
| What is the current FCF of IREN? | IREN's last 12 months FCF is -$711M. |
| What is IREN's FCF margin? | IREN's last 12 months FCF margin is -151%. |
| What is the current EV/FCF multiple of IREN? | Current FCF multiple of IREN is -3.0x. |
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