Is Iris Energy Ltd (IREN) overvalued? · rev $501.0M
Iris Energy Ltd (IREN) is a capital markets company listed on US.
This page asks whether Iris Energy Ltd (IREN) looks expensive on cached numbers — not a short thesis.
Latest reported IREN revenue for 2025-06-30 was $501.0M. Net income was $86.9M. Revenue was up 167.7% from 2024-06-30 to 2025-06-30. IREN currently screens at market cap $4.07B.
IREN currently screens at market cap $4.07B. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next IREN 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the IREN stock page for the full model, not this heading.
Not investment advice.