HGTY
Hagerty, Inc.
HGTY's fundamentals are weak and it looks expensive: trading at 244x earnings, about five times its usual 50x. Its downside scenario is more than ten times its upside.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
HGTY Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| N/A | |
| N/A |
HGTY's profitability is currently stable, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like HGTY.
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.
HGTY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 30x | $15.80 | — |
| Cheap | 43x | $2.60 | -84% |
| Fair | 50x | $3.00 | -81% |
| Expensive | 138x | $8.26 | -48% |
| Current | 244x | $15.80 | — |
Historical ranges are pointers, not guarantees.
HGTY's PE is in its expensive range at 244x. If earnings grow as analysts expect, today's price would be 30x 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.
HGTY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
HGTY 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.
HGTY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.53 | +775% |
| Q3 2026 | $0.06 | -79% |
| Q2 2026 | $0.09 | -57% |
| Q1 2026 | $0.20 | -4.8% |
HGTY has the edge over IREN in the latest year-over-year earnings comparison.
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.
HGTY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $354.2M | -6.8% |
| Q2 2026 | $354.8M | -3.8% |
| Q1 2026 | $311.8M | -2.4% |
| Q4 2025 | $357.3M | +22% |
| Q3 2025 | $380M | +18% |
| Q2 2025 | $368.7M | +18% |
| Q1 2025 | $319.6M | +18% |
| Q4 2024 | $291.7M | +19% |
HGTY's revenue has held roughly level: $354M last quarter, down 6.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +2.7 points |
| Q2 2026 | 0.6% | -12 points |
| Q1 2026 | -6.7% | -15 points |
| Q4 2025 | 11% | +9 points |
| Q3 2025 | 9% | +5.9 points |
| Q2 2025 | 13% | +0.8 points |
| Q1 2025 | 8.1% | +3.6 points |
| Q4 2024 | 2.1% | +4.7 points |
HGTY 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 has the edge over HGTY on sales, with stronger typical year-over-year growth.
| 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.
HGTY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $86.4M | +1.4% |
| Q2 2026 | $161.7M | +239% |
| Q1 2026 | $8.5M | -78% |
| Q4 2025 | $23.1M | +$39.7M |
| Q3 2025 | $85.2M | +37% |
| Q2 2025 | $47.7M | -16% |
| Q1 2025 | $38.4M | -28% |
| Q4 2024 | -$16.7M | -$13.3M |
HGTY 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.
HGTY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -3.1M shares |
| 1 year | -0.7% | -2.3M shares |
| 3 years | +1.1% | +3.8M shares |
| 5 years | +1065% | +314M shares |
HGTY has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
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 399M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
HGTY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.1x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | 0.0x | Very low |
HGTY has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HGTY.
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.
HGTY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.8 | Neutral |
| Stochastic | 74.7 | Neutral |
HGTY's weekly RSI is 63 (neutral) and its Stochastic is 75 (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).
HGTY PE vs Financial Services Sector
| Metric | HGTY | Sector median | Relative |
|---|---|---|---|
| PE | 244x | 13x | 1,776% above |
| PE % | 99 | 66 | 33 pts above |
HGTY is trading at 244x earnings, a 1776% 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.
HGTY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.2 | 3.9% above |
| 20 week MA | $13.8 | 15% above |
| 50 week MA | $12.4 | 27% above |
| 100 week MA | $11.4 | 38% above |
| 200 week MA | $10.4 | 52% above |
HGTY 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.
HGTY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $9.77 | $13.7 | +40% |
| 2022 | $13.7 | $7.95 | -42% |
| 2023 | $7.95 | $7.80 | -1.9% |
| 2024 | $7.80 | $9.83 | +26% |
| 2025 | $9.83 | $13.8 | +41% |
| 2026 YTD | $13.8 | $15.8 | +14% |
HGTY 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.