Is IREN Limited (IREN) Undervalued? Valuation & Fair Price
At $40.65, 3 of the 4 frameworks would pass on IREN Limited today — Warren Buffett, Benjamin Graham, and Phil Town (Rule #1) rate it Avoid and Peter Lynch rates it Hold. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.
IREN Limited
IRENTechnology · Information Technology Services · NASDAQ
$40.65
P/E 1091.8×
IREN Limited, established in 2018 and based in Sydney, Australia, operates a comprehensive, vertically integrated data center business spanning Australia and Canada. The company possesses and manages all essential infrastructure, including its computing hardware, electrical systems, and the data center facilities themselves. A primary undertaking for IREN Limited is the mining of Bitcoin, a scarce digital asset created and exchanged via a decentralized, peer-to-peer computer network utilizing specialized Bitcoin software. The company was previously named Iris Energy Limited, officially adopting IREN Limited in November 2024.
Investor scorecard
How the four investors rate IREN Limited
3 of 4 frameworks urge caution
Investor model analysis
Details lockedAt $40.65, 3 of 4 frameworks say Avoid
Intrinsic Value (DCF)
Warren Buffett's valuation model · select an investor above to switch
Intrinsic Value
Locked — upgrade to viewBuy Below
Locked — upgrade to viewStrong Buy
Locked — upgrade to viewMargin of Safety
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Insider & congress activity
Are insiders buying IREN?
Over recent SEC Form 4 filings, IREN insiders bought $0 and sold $73.2M of stock across 7 open-market trades. Insiders sell for many reasons, but they buy for one.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Guzowski Christopherdirector | Sell | 11,958 | $434K | Sep 16, 2025 |
| Roberts Daniel JohnCo-Chief Executive Officer | Sell | 1,000,000 | $33.1M | Sep 11, 2025 |
| Roberts William GregoryCo-Chief Executive Officer | Sell | 1,000,000 | $33.1M | Sep 11, 2025 |
| Roberts Daniel JohnCo-Chief Executive Officer | Sell | 500,000 | $1.6M | Sep 4, 2025 |
| Roberts William GregoryCo-Chief Executive Officer | Sell | 500,000 | $1.6M | Sep 4, 2025 |
Members of Congress have also reported 6 trades in IREN. See the full insider & congress timeline.
Source: SEC Form 4 filings. Open-market buys & sells only. Not investment advice.
See the interactive insider chart & every tradeScenario analysis
Bear, base & bull
Three growth assumptions, three fair values — and where today's price lands
What's working
Key strengths
Identified by Buffett framework analysis
Company financials
5-Year Financials
Income statement highlights — annual, USD
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $707M | $501M | $187M | $76M | $59M |
| Rev. Growth | +41.1% | +167.7% | +147.9% | +27.9% | — |
| Net Income | -$703M | $87M | -$29M | -$172M | -$420M |
| Net Margin | -99.4% | 17.4% | -15.4% | -227.6% | -711.0% |
| EPS (Diluted) | $-2.22 | $0.41 | $-0.29 | $-3.14 | $-7.44 |
| Free Cash Flow | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view |
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Educational Use Only · Not Financial Advice
Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.