IREN stock stands at USD 26.99 on October 16, 2026, 1.66 percent above its 52-week low

Published on 10/17/2026 at 19:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue rose to USD 707.01 million, up 41.11 percent. IREN stock stood at USD 26.99 on October 16, 2026, down 11.19 percent on Nasdaq.

Price pressure and coming dates

On October 16, 2026, IREN stock stood 1.66 percent above its 52-week low.
Fiscal 2026 revenue reached USD 707.01 million, up 41.11 percent from fiscal 2025.
IREN stock stood at USD 26.99 at 4:00 p.m. ET on October 16, 2026, down 11.19 percent versus the Nasdaq prior close.
IREN's annual general meeting is scheduled for November 24, 2026.

IREN, AU0000185993, Illustration mit AI erstellt.

IREN stock stood 1.66 percent above its 52-week low of USD 26.55 on October 16, 2026, keeping the lower end of its yearly range central to the market picture. The company had reported fiscal 2026 revenue of USD 707.01 million, up 41.11 percent from fiscal 2025. IREN stood at USD 26.99 on Nasdaq at 4:00 p.m. ET on October 16, 2026, down 11.19 percent versus the prior close.

Revenue grew to USD 707.01 million

IREN's fiscal 2026 revenue reached USD 707.01 million, compared with USD 501.02 million in fiscal 2025, while its net loss was USD 702.62 million versus net income of USD 86.94 million. Simply Wall St identifies June 30, 2026 as the latest reported earnings date. The revenue increase therefore sits alongside a much weaker bottom line.

Price stays near the yearly low

The USD 26.55 to USD 76.87 52-week range puts the October 16 price just 1.66 percent above the low and 64.89 percent below the high. IREN was down 36.67 percent over one month and 55.55 percent over one year as of October 16, 2026. Trading volume reached 67,813,888 shares, against an average volume of 45,394,264 shares.

Valuation meets a November date

IREN's market capitalization was USD 10.6 billion and its P/E ratio was minus 12.50 on October 16, 2026. The annual general meeting is scheduled for November 24, 2026, according to Simply Wall St. The date gives investors a defined corporate calendar point after a sharp repricing in the shares.

Comparison with peers

IREN (Nasdaq, USD): minus 11.19 percent, P/E minus 12.50, market capitalization USD 10.6 billion.

Cipher Mining (Nasdaq, USD): minus 10.56 percent, P/E minus 3.13, market capitalization USD 3.7 billion.

CleanSpark (Nasdaq, USD): minus 10.16 percent, P/E minus 2.24, market capitalization USD 2.2 billion.

Trading context for October 16, 2026

IREN operates vertically integrated AI cloud and data center infrastructure in Australia and Canada. Its latest annual figures combine rapid revenue growth with a large net loss, while the stock's position near the USD 26.55 yearly low keeps execution, funding and delivery issues important to the market assessment. The Nasdaq session ended with IREN at USD 26.99 on October 16, 2026 at 4:00 p.m. ET, down 11.19 percent from the prior close.