# IREN Limited (IREN) · Edgar & Edgarette company card

> IREN Limited (IREN) grew revenue 41.1% in FY2026 to $707 million, operating margin -148% against a -6.4% median for finance services, equity 26.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1878848 · fiscal year ended 2026-06-30 · 4 audited years read · [page](https://www.pops4.com/boards/company/IREN) · [JSON](https://www.pops4.com/boards/company/IREN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $707M |
| Revenue growth, 1 year | 41.1% |
| Revenue growth per year | 110.7% |
| Operating margin | -148.0% (prior year 3.5%) |
| Net margin | -99.4% |
| Operating cash flow | $2.1B |
| Capital spending | $3.0B |
| Free cash flow | −$898M |
| Cash | $5.9B |
| Long-term debt | $7.6B |
| Total assets | $15.8B |
| Total equity | $4.2B |
| Equity ÷ assets | 26.5% |
| Return on equity | -16.8% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; operating loss: a margin of -148.0% in FY2026; free cash flow was negative: capital spending outran operating cash (-$897.6M in FY2026); revenue is hard to predict: its 80% range is ±37%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $707.0M (FY2026), total debt $7.6B. Experience: revenue up 41.1% on the year, up 110.7% a year over 3 years; operating margin -148.0%, down from 3.5%. Soundness: equity 26.5% of assets, return on equity -16.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $833.7M and $1.8B next year (method v4.1: its own 3-year record of growth weighed at 40% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $686.2M to $2.2B. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin -148.0% against a -6.4% median; growth 41.1% against 16.8%.

Range logged 2026-09-27, receipt 1e2d35508366e1f2, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2025-11-28 ([filing](https://www.sec.gov/Archives/edgar/data/1878848/000114036125043599/0001140361-25-043599-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-07-01 ([filing](https://www.sec.gov/Archives/edgar/data/1878848/000114036126027202/0001140361-26-027202-index.htm))

## Recent filings

- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1878848/000187884826000066/0001878848-26-000066-index.htm)
- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1878848/000187884826000065/0001878848-26-000065-index.htm)
- DEF 14A · filed 2026-10-13 · [filing](https://www.sec.gov/Archives/edgar/data/1878848/000114036126039451/0001140361-26-039451-index.htm)
- 10-K · filed 2026-08-27 · [filing](https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/0001878848-26-000052-index.htm)
- 8-K · filed 2026-08-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/0001878848-26-000051-index.htm)
- 8-K · filed 2026-08-13 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/0001140361-26-032638-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001878848.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1878848

## Cite

POPS4, Edgar & Edgarette: IREN Limited (IREN) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/IREN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.