IREN vs Verisign
Verisign reported revenue of $1.7 billion in fiscal 2025, 2.3 times IREN's $707 million in fiscal 2026. IREN's revenue grew 41.1% in its latest year, and Verisign's grew 6.4%. IREN had an operating margin of -148.1%, against 67.7% at Verisign. Free cash flow was −$898 million at IREN and $1.1 billion at Verisign. Their fiscal years end in different months (June 30 and December 31), so the periods don't line up exactly.
Side by side
| IREN | Verisign | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $707M | $1.7B |
| Revenue growth | 41.1% | 6.4% |
| Revenue growth a year, last 5 years | 145.7% | 5.5% |
| Gross margin | 68.9% | 88.2% |
| Operating margin | −148.1% | 67.7% |
| Net margin | −99.4% | 49.8% |
| Free cash flow | −$898M | $1.1B |
| Free cash flow margin | −127.0% | 64.5% |
| Return on capital | −19.8% | — |
| Net debt to EBITDA | — | 1.1x |
| Dividends and buybacks | $0M | $1.1B |
| Change in diluted share count | 41.6% | −4.5% |
| Last close | $25.43 | $308.72 |
| P/E at the last close | — | 33.2× |
| Insider trades, last 12 months | — | bought $19,492, sold $36.0 million |
| Piotroski F-score | 3 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
IRENVerisign
Operating margin
Percent of revenue
IRENVerisign
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IRENVerisign