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IRENIREN -1.04%67 EBITDA Margin % is -81.50% as of Mar. 2026. GuruFocus rates IREN with a GF Score™ of 67/100 and a GF Value™ of $12.37 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 668 Capital Markets companies, IREN ranks better than 82.78% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. IREN's EBITDA for the
three
months ended in Mar. 2026 was $-118.0 Mil. IREN's Revenue for the
three
months ended in Mar. 2026 was $144.8 Mil. Therefore, IREN's EBITDA margin for the quarter that ended in Mar. 2026 was -81.50%.
IREN (NAS:IREN) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
IREN EBITDA Margin % Related Terms
IREN EBITDA Margin % Historical Data
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The historical data trend for IREN's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Capital Markets subindustry, IREN's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IREN EBITDA Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IREN's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where IREN's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IREN (IREN) has a EBITDA Margin % of -81.50% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on IREN and its competitors. According to the industry distribution chart, IREN ranks #115 out of 668 companies in the Capital Markets industry, placing it in the top 17.2%.
Is IREN's EBITDA Margin % too high?
IREN's current EBITDA Margin % is -81.50%. Based on the distribution chart, IREN ranks #115 out of 668 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, IREN has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IREN's EBITDA Margin % compare to CRCL and HUT?
According to the Capital Markets industry distribution chart, IREN ranks #115 out of 668 companies for EBITDA Margin %. This places IREN in the top 17% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 21.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Capital Markets company?
The median EBITDA Margin % among Capital Markets companies is 21.28, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on IREN and its competitors. For the Capital Markets industry, the median EBITDA Margin % is 21.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IREN's current EBITDA Margin % is -81.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IREN stock overvalued right now?
Based on GuruFocus' analysis, IREN (IREN) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.37, compared to a current price of $38.61 — trading 212.1% above its estimated fair value. The current EBITDA Margin % is -81.50%. IREN's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For IREN (IREN), the current EBITDA Margin % is -81.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IREN (IREN) Overvalued in 2026?
Based on GuruFocus' analysis, IREN stock appears to be overvalued.
The current stock price of $38.61 is trading 212.1% above its estimated GF Value™ of $12.37.
GuruFocus considers IREN to be Significantly Overvalued.
Key valuation signals for IREN:
EBITDA Margin %: -81.50%
GF Value™: $12.37 vs. price of $38.61 (212.1% above fair value)
No single metric tells the full story. See the IREN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure. The company is in the process of converting its existing bitcoin capacity for AI purposes and securing new power and land supply to expand its data center operation. IREN works closely with industry leaders in AI, such as Microsoft, to support their cloud infrastructure ambitions.
67GF Score
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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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