IREN
IREN Limited
There isn't enough reported data to score IREN yet.
JEF
Jefferies Financial Group Inc.
JEF's fundamentals are strong: revenue grew 18% and earnings per share grew 39%. At 11x earnings, it's trading below its usual 13x. Analysts expect earnings growth.
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.
JEF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
JEF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JEF.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
JEF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $26.66 | -42% |
| Current | 11x | $46.27 | — |
| Forward | 11x | $46.27 | — |
| Fair | 13x | $53.80 | +16% |
| Expensive | 26x | $105 | +126% |
Historical ranges are pointers, not guarantees.
JEF's PE is in its fair range at 11.4x. If earnings grow as analysts expect, today's price would be 11.0x next year's earnings.
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.
JEF Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect JEF's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
JEF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.21 | +3.3% |
| Q3 2026 | $4.07 | +39% |
| Q2 2026 | $3.82 | +44% |
| Q1 2026 | $2.96 | +2.1% |
| Q4 2025 | $2.83 | -5.4% |
| Q3 2025 | $2.92 | +25% |
| Q2 2025 | $2.66 | +47% |
| Q1 2025 | $2.90 | +138% |
| Q4 2024 | $2.99 | +172% |
JEF has the edge over IREN on earnings quality, reporting a profit while its opponent remains loss making.
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.
JEF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +8.5% |
| Q2 2026 | $2.2B | +35% |
| Q1 2026 | $2B | +27% |
| Q4 2025 | $2.1B | +5.7% |
| Q3 2025 | $2B | +22% |
| Q2 2025 | $1.6B | -1.3% |
| Q1 2025 | $1.6B | -8.4% |
| Q4 2024 | $2B | +63% |
JEF's revenue has grown year over year for five quarters in a row: $2.2B last quarter, up 8.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -0.4 points |
| Q2 2026 | 14% | +6.1 points |
| Q1 2026 | 11% | +1 points |
| Q4 2025 | 12% | -3.3 points |
| Q3 2025 | 16% | +1.2 points |
| Q2 2025 | 8.3% | -5.5 points |
| Q1 2025 | 9.5% | -3.2 points |
| Q4 2024 | 16% | +8.3 points |
JEF has the edge over IREN on profitability, with a higher operating margin.
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.
JEF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +1917% |
| Q2 2026 | $1.6B | +$2.6B |
| Q1 2026 | -$1.8B | +$912.6M |
| Q4 2025 | $1.9B | +16% |
| Q3 2025 | $126M | +$831.9M |
| Q2 2025 | -$1B | -3629% |
| Q1 2025 | -$2.7B | -$1.4B |
| Q4 2024 | $1.6B | +4531% |
JEF has the edge over IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 | — |
JEF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +26.3M shares |
| 1 year | +3.1% | +6.9M shares |
| 3 years | -1% | -2.4M shares |
| 5 years | -19% | -54.2M shares |
| Available history | -31% | -101M shares |
JEF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $68.2M |
| Q2 2026 | $197.4M |
| Q1 2026 | $174.3M |
| Q4 2025 | $29,000 |
| Q3 2025 | $918,000 |
| Q2 2025 | $1.3M |
| Q1 2025 | $56.3M |
| Q4 2024 | $1,000 |
JEF spent $440M buying back its own shares over the past year, about eight times what it spent the year before.
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.
JEF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 6.3x | High |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 5.2x | High |
| Q2 2025 | 5.3x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 1.5x | Healthy |
JEF's net debt is about 1.2 years of its operating earnings (EBITDA), down from 5.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like JEF.
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).
JEF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 27.1 | Neutral |
JEF's weekly RSI is 43 (neutral) and its Stochastic is 27 (neutral).
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.
JEF PE vs Financial Services Sector
| Metric | JEF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 43 | 63 | 20 pts below |
JEF is trading at 11x earnings, a 13% discount to the Financial Services sector's median of 13x.
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.
JEF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.9 | 0.8% above |
| 20 week MA | $50.5 | 8.3% below |
| 50 week MA | $52.1 | 11% below |
| 100 week MA | $55.7 | 17% below |
| 200 week MA | $49.8 | 7.1% below |
JEF has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 7.1% below its 200-week average.
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.
JEF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.2 | $22.6 | +12% |
| 2021 | $22.6 | $36.9 | +63% |
| 2022 | $36.9 | $33.4 | -9.6% |
| 2023 | $33.4 | $40.4 | +21% |
| 2024 | $40.4 | $78.9 | +95% |
| 2025 | $78.9 | $63.9 | -19% |
| 2026 YTD | $63.9 | $46.3 | -28% |
JEF has the edge over IREN on returns for 2026, with the stronger performance.