FSUN
FirstSun Capital Bancorp
FSUN's fundamentals are mixed, but it looks expensive: trading at 20x earnings, above its usual 11x. Analysts expect strong earnings growth.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
FSUN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| N/A | |
| N/A |
FSUN's revenue is currently strong, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like FSUN.
IREN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
IREN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like IREN.
FSUN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.4x | $16.66 | -57% |
| Forward | 8.9x | $39.05 | — |
| Fair | 11x | $22.51 | -42% |
| Expensive | 14x | $26.87 | -31% |
| Current | 20x | $39.05 | — |
Historical ranges are pointers, not guarantees.
FSUN's PE is in its expensive range at 20x. If earnings grow as analysts expect, today's price would be 8.9x next year's earnings, in its cheap range.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
FSUN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
FSUN has the edge over IREN on the outlook, with more favorable earnings expectations.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect IREN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
FSUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.39 | +122% |
| Q3 2026 | $1.98 | -37% |
| Q2 2026 | $1.98 | -37% |
| Q1 2026 | $3.40 | +11% |
| Q4 2025 | $3.47 | +29% |
| Q3 2025 | $3.15 | +2.9% |
| Q2 2025 | $3.12 | -4.6% |
| Q1 2025 | $3.07 | -12% |
| Q4 2024 | $2.69 | -34% |
FSUN has the edge over IREN on earnings quality, reporting a profit while its opponent remains loss making.
IREN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.96 | -347% |
| Q2 2026 | -$2.22 | -988% |
| Q1 2026 | $0.51 | +$1.10 |
| Q4 2025 | $1.18 | +$1.62 |
| Q3 2025 | $1.60 | +$1.99 |
| Q2 2025 | $0.25 | +$0.45 |
| Q1 2025 | -$0.59 | -$0.43 |
| Q4 2024 | -$0.44 | -$0.15 |
IREN has swung to a loss: it lost $3.96 per share over the past year, after a profit the year before.
FSUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $179.7M | +67% |
| Q2 2026 | $184.1M | +74% |
| Q1 2026 | $110M | +14% |
| Q4 2025 | $110.2M | +12% |
| Q3 2025 | $107.3M | +9.2% |
| Q2 2025 | $105.6M | +9.8% |
| Q1 2025 | $96.2M | +2.8% |
| Q4 2024 | $98.7M | +11% |
FSUN's revenue has grown year over year for nine quarters in a row: $180M last quarter, up 67% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +0.8 points |
| Q2 2026 | -15% | -46 points |
| Q1 2026 | 24% | -6.9 points |
| Q4 2025 | 29% | +8.6 points |
| Q3 2025 | 26% | -2.7 points |
| Q2 2025 | 31% | -1.1 points |
| Q1 2025 | 31% | +15 points |
| Q4 2024 | 20% | -14 points |
FSUN has the edge over IREN on profitability, with a higher operating margin.
IREN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $228M | -5.1% |
| Q2 2026 | $137.2M | -27% |
| Q1 2026 | $144.8M | 0% |
| Q4 2025 | $184.7M | +59% |
| Q3 2025 | $240.3M | +355% |
| Q2 2025 | $187.3M | +230% |
| Q1 2025 | $144.8M | +168% |
| Q4 2024 | $116.1M | +176% |
IREN's revenue has held roughly level: $228M last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -82% | -50 points |
| Q2 2026 | -452% | -461 points |
| Q1 2026 | -161% | -180 points |
| Q4 2025 | -63% | -79 points |
| Q3 2025 | -32% | +57 points |
| Q2 2025 | 9% | +49 points |
| Q1 2025 | 19% | +8 points |
| Q4 2024 | 15% | +21 points |
IREN's operating margin was −82% last quarter, down 50 points from the same quarter a year ago.
FSUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $48.4M | +1.5% |
| Q2 2026 | $1.1B | +8384% |
| Q1 2026 | -$14.1M | -158% |
| Q4 2025 | $19M | +603% |
| Q3 2025 | $47.6M | +1.2% |
| Q2 2025 | $13M | -34% |
| Q1 2025 | $24.3M | -6.7% |
| Q4 2024 | $2.7M | -93% |
FSUN has the edge over IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.
IREN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6B | -$1.6B |
| Q2 2026 | $482.2M | +2895% |
| Q1 2026 | -$873.8M | -$523.1M |
| Q4 2025 | -$468M | -$334M |
| Q3 2025 | -$38M | +$349.4M |
| Q2 2025 | $16.1M | +$179M |
| Q1 2025 | -$350.7M | -$128.7M |
| Q4 2024 | -$134M | -$105.2M |
IREN's free cash flow was −$2.5B over the past year, against −$507M the year before. Free cash flow isn't a meaningful measure for financial services companies like IREN.
FSUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +150K shares |
| 1 year | +66% | +18.6M shares |
| 3 years | +85% | +21.5M shares |
| 5 years | +150% | +28.1M shares |
FSUN has 47M diluted shares, up 66% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
IREN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +26% | +82.4M shares |
| 1 year | +10% | +36.9M shares |
| 3 years | +511% | +333M shares |
| 5 years | +624% | +344M shares |
| Available history | +2346% | +382M shares |
IREN has the edge over FSUN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
FSUN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.9x | Net Cash |
| Q2 2026 | -11.6x | Net Cash |
| Q1 2026 | -2.4x | Net Cash |
| Q4 2025 | -4.7x | Net Cash |
| Q3 2025 | -4.9x | Net Cash |
| Q2 2025 | -6.0x | Net Cash |
| Q1 2025 | -4.4x | Net Cash |
| Q4 2024 | -4.0x | Net Cash |
FSUN has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FSUN.
IREN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 157.6x | High |
| Q4 2025 | 22.2x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | -4.6x | Net Cash |
| Q3 2024 | -16.7x | Net Cash |
| Q2 2024 | -15.9x | Net Cash |
IREN's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like IREN.
FSUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 45.1 | Neutral |
FSUN's weekly RSI is 52 (neutral) and its Stochastic is 45 (neutral).
IREN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.3 | Neutral |
| Stochastic | 8.2 | Oversold |
IREN's weekly RSI is 33 (neutral) and its Stochastic is 8 (oversold).
FSUN PE vs Financial Services Sector
| Metric | FSUN | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 13x | 51% above |
| PE % | 95 | 58 | 37 pts above |
FSUN is trading at 20x earnings, a 51% premium to the Financial Services sector's median of 13x.
IREN PE vs Financial Services Sector
| Metric | IREN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
IREN has no meaningful PE right now: it lost money over the past year.
FSUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.1 | 0.1% below |
| 20 week MA | $38.8 | 0.6% above |
| 50 week MA | $37.9 | 3% above |
| 100 week MA | $37.6 | 3.8% above |
| 200 week MA | $35.5 | 10% above |
FSUN has the edge over IREN on trend strength, trading above more of its moving averages.
IREN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 35% below |
| 20 week MA | $36.2 | 46% below |
| 50 week MA | $42.8 | 54% below |
| 100 week MA | $32.0 | 39% below |
| 200 week MA | $19.1 | 2.1% above |
IREN has fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
FSUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $30.0 | $35.9 | +20% |
| 2023 | $35.9 | $34.0 | -5.2% |
| 2024 | $34.0 | $39.7 | +17% |
| 2025 | $39.7 | $38.4 | -3.4% |
| 2026 YTD | $38.4 | $39.1 | +1.8% |
FSUN has the edge over IREN on returns for 2026, with the stronger performance.
IREN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $24.8 | $17.2 | -31% |
| 2022 | $17.2 | $1.19 | -93% |
| 2023 | $1.19 | $7.15 | +501% |
| 2024 | $7.15 | $10.7 | +50% |
| 2025 | $10.7 | $40.3 | +276% |
| 2026 YTD | $40.3 | $19.5 | -52% |
IREN's yearly returns have swung widely, from +501% in 2023 to −93% in 2022. It's down 52% so far in 2026.