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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 $454M
LTM EBITDA $226M
$1.2B
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 of $454M and a last 12-month EBITDA of $226M.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $75.5M | $189M | XXX | XXX | XXX |
| Gross Profit | $51.6M | $57.6M | XXX | XXX | XXX |
| Gross Margin | 68% | 31% | XXX | XXX | XXX |
| EBITDA | -$123M | $25.4M | XXX | XXX | XXX |
| EBITDA Margin | -163% | 13% | XXX | XXX | XXX |
| Net Profit | -$420M | -$172M | XXX | XXX | XXX |
| Net Margin | -556% | -91% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, IREN's stock price is $6.
IREN has current market cap of $1.3B, and EV of $1.2B.
See IREN trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.2B | $1.3B | XXX | XXX | XXX | XXX | $0.08 |
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Sign UpAs of April 15, 2025, IREN has market cap of $1.3B and EV of $1.2B.
IREN's trades at 2.5x LTM EV/Revenue multiple, and 5.1x LTM EBITDA.
Analysts estimate IREN's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for IREN and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.2B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 7.8x | XXX | XXX | XXX |
| P/E | 145.7x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | -3.1x | 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.
Sign UpIREN's NTM/LTM revenue growth is 89%
IREN's revenue per employee for the last fiscal year averaged $1.3M, while opex per employee averaged $1.3M for the same period.
Over next 12 months, IREN's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate IREN's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for IREN and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 150% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -121% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 131% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $1.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 103% | XXX | 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 |
| AEE Gold | 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 |
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Sign Up| 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 $1.3B |
| What is the current revenue of IREN? | IREN's last 12-month revenue is $454M. |
| What is the current EBITDA of IREN? | IREN's last 12-month EBITDA is $226M. |
| What is the current EV/Revenue multiple of IREN? | Current revenue multiple of IREN is 2.5x. |
| What is the current EV/EBITDA multiple of IREN? | Current EBITDA multiple of IREN is 5.1x. |
| What is the current revenue growth of IREN? | IREN revenue growth between 2023 and 2024 was 150%. |
| Is IREN profitable? | Yes, IREN is EBITDA-positive (as of the last 12 months). |
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