Flagship explainer

What drives IREN Limited’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−23%Tax burden99%net income ÷ pretax incomeInterest burden68%pretax ÷ operating incomeOperating margin−148%operating income ÷ revenueAsset turnover0.08×revenue ÷ average assetsEquity multiplier3.12×average assets ÷ average equityAs of 2026-06-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$703MFY2026
Income before tax−$709MFY2026
Operating income−$1.0BFY2026
$707MFY2026
Ending assets$15.8BFY2026
Beginning assets$2.9BFY2025
$4.2BFY2026
$1.8BFY2025
Source: · event Jun 30, 2026 · retrieved Sep 4, 2026 · annual-row source set
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IREN dupont explainer — Buy Like Buffett · Buy Like Buffett