PerpEquities

Equity

IREN perpetual futures

IREN Limited tracked across crypto venues with normalized contract specs.

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Price chart

43.88▲ 3.34%
38.0039.0040.0041.0042.0043.0044.00
Jul 2Jul 3Jul 4Jul 5Jul 6
24/7 perp mark · Bitget (IREN/USDT)
Auto: market closed → highest-volume perp venueOpen in TradingView ↗

Trading data

Perpetual market activity

9/9 live markets
Venues
9
Live markets
9/9
24h volume
$12.8M
Open interest
$3.6M
Best liquidity
$321k
OKX
Tightest spread
+9.1 bps
OKX
Highest volume
$4.3M
Bitget
Settlement mix
USDT · 9/9

Best Liquidity

IREN
OKX · IREN/$321k

Tightest Spread

IREN
OKX · IREN/+9.1 bps

Highest Volume

IREN
Bitget · IREN/USDT$4.3M

Venue Matrix

9 markets
Trade
BitgetTradeIREN/USDTtrading43.803+0.00%+9.8 bps$309k$4.3M$1.7MUSDT20x
BinanceTradeIREN/USDTtrading43.810+0.00%+11.4 bps$108k$3.5M$1.1MUSDT-
BingXTradeIREN-USDTtrading43.810-10.95%+22.8 bps$97k$1.7M$4kUSDT-
BybitTradeIREN/USDTtrading43.820+0.00%+13.7 bps$19k$1.4M$191kUSDT20x
OKXTradeIREN/trading43.860+0.00%+9.1 bps$321k$960k$271kUSDT20x
KuCoinTradeIREN/USDTtrading43.770+29.67%+29.6 bps$7k$865k$173kUSDT20x
Gate.ioTradeIREN/USDTtrading43.850+10.95%+50.1 bps$11k$56k$127kUSDT20x
AsterTradeIRENUSDTtrading43.805+0.00%+20.5 bps$7k$44k$13kUSDT-
HTXTradeIREN/USDTtrading43.800+10.95%+59.3 bps$60k$11k$9kUSDT-

Company data

Company fundamentals

Updated 2h ago
Market cap
$15.8B
Updated 2h ago
Revenue
$757.1M
Trailing 12 months
Net income
$76.9M
Trailing 12 months
Free cash flow
$-1.8B
Trailing 12 months
Profit margin
10.2%
P/E
1106.9
P/S
20.9
Revenue estimate
$2.9B
Next fiscal year
Revenue growth
+476%
Next fiscal year

Fundamental detail

Annual + quarterly
Latest revenue$501.0M
Net margin+17.4%
Free cash flow$-1.1B
Net debt$399.7M
2020$1.5M
2021$5.9M
2022$59.0M
2023$75.5M
2024$187.2M
2025$501.0M
PeriodRevenueGrowthNet incomeFCF
2020$1.5M+142954%$-1.5M$-5.3M
2021$5.9M+294%$-45.3M$-4.1M
2022$59.0M+896%$-419.8M$-272.7M
2023$75.5M+28%$-171.8M$-110.0M
2024$187.2M+148%$-28.9M$-427.2M
2025$501.0M+168%$86.9M$-1.1B
PeriodGross marginOperating marginNet marginROEROA
2020+57.7%-77.8%-98.5%-24.3%-12.8%
2021+71.9%-4.0%-764.6%+122.1%-44.9%
2022+87.4%+0.8%-711.0%-96.0%-107.0%
2023+28.0%-64.3%-227.6%-56.3%-51.7%
2024+43.9%-14.6%-15.4%-2.6%-2.5%
2025+68.3%+4.4%+17.4%+4.8%+3.0%
PeriodCashDebtNet debtCurrent ratio
2020$2.0M$1.4M$3k1.35
2021$29.3M$62.9M$33.7M0.24
2022$75.6M$108.3M$-1.7M1.29
2023$68.9M$1.4M$-67.4M3.72
2024$404.6M$1.3M$-403.3M8.86
2025$564.5M$964.2M$399.7M4.29
PeriodMarket capEnterprise valueP/SP/E
2020$1.3B$1.3B893.3-631.8
2021$1.3B$1.3B218.3-21.4
2022$137.2M$169.8M2.3-0.3
2023$255.3M$187.8M3.4-1.5
2024$1.3B$854.2M6.7-43.5
2025$3.1B$3.5B6.235.5
Q4 2024$56.8M
Q1 2025$52.8M
Q2 2025$116.1M
Q3 2025$144.8M
Q4 2025$187.3M
Q1 2026$240.3M
Q2 2026$184.7M
Q3 2026$144.8M
PeriodRevenueGrowthNet incomeFCF
Q4 2024$56.8M+66%$-27.1M$-162.9M
Q1 2025$52.8M+53%$-51.7M$-387.3M
Q2 2025$116.1M+176%$-21.9M$-247.4M
Q3 2025$144.8M+168%$-16.1M$-350.7M
Q4 2025$187.3M+230%$95.5M$16.1M
Q1 2026$240.3M+355%$384.6M$-138.3M
Q2 2026$184.7M+59%$-155.4M$-765.2M
Q3 2026$144.8M-0%$-247.8M$-919.7M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+83.5%-40.0%-47.7%-2.5%-2.3%
Q1 2025+30.0%-89.2%-98.0%-4.6%-4.0%
Q2 2025+68.0%+15.5%-18.8%-1.7%-1.2%
Q3 2025+67.6%+19.1%-11.1%-1.1%-0.8%
Q4 2025+26.9%+9.0%+51.0%+5.3%+3.2%
Q1 2026+62.9%-25.0%+160.1%+13.4%+9.0%
Q2 2026+59.8%-45.8%-84.1%-6.2%-2.2%
Q3 2026+64.6%-64.5%-171.2%-9.3%-3.4%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$404.6M$1.3M$-403.3M8.86
Q1 2025$98.6M$2.6M$-96.0M1.09
Q2 2025$427.3M$319.9M$-107.4M0.94
Q3 2025$184.3M$324.1M$139.7M0.46
Q4 2025$564.5M$964.2M$399.7M4.29
Q1 2026$1.0B$965.6M$-66.6M5.52
Q2 2026$3.3B$3.8B$582.0M4.96
Q3 2026$2.2B$4.0B$1.8B3.72
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$1.9B$1.5B34.3-17.5
Q1 2025$1.6B$1.5B30.3-7.8
Q2 2025$2.1B$2.0B17.827.4
Q3 2025$1.3B$1.5B9.213.8
Q4 2025$3.2B$3.6B16.98.3
Q1 2026$10.2B$10.1B42.38.3
Q2 2026$8.2B$8.8B44.3-18.2
Q3 2026$7.4B$9.2B51.3-6.6

Refreshed 2h ago

Research data

Estimates, events and peers

Estimates

6 periods
FY 2026$730.2M+46%11 analysts
FY 2027$2.9B+476%10 analysts
FY 2028$5.7B+1032%10 analysts
FY 2029$8.4B+1585%5 analysts
FY 2030$8.8B+1647%5 analysts
Q1 2028$1.5B+531%2 analysts

Events

Earnings · dividends · splits
2026-08-27EarningsRevenue est. $162.7M
2026-05-07EarningsRevenue est. $219.7M
2026-02-05EarningsRevenue est. $227.3M
2025-11-06EarningsRevenue est. $241.4M
2025-08-28EarningsRevenue est. $188.9M
2025-05-14EarningsRevenue est. $172.0M

Peer comparison

Similar listed perps
NameMarket capP/SP/ENet marginVenues
GRAB$15.6B4.442.4+10.7%1OWL$14.4B4.971.2+3.0%1HYG$17.5B-11.0-1IGV$14.0B-30.6-1SMCI$17.7B0.513.1+3.7%9CRCL$18.2B6.4-24.5-2.8%14AUR$13.0B3238.9-15.0-20775.0%1DKNG$12.7B2.0212.3+0.9%9