IREN
IREN Limited
There isn't enough reported data to score IREN yet.
JRVR
James River Group Holdings, Ltd.
JRVR lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to decline, though they disagree widely on how much.
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.
JRVR Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
JRVR's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like JRVR.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
JRVR PE Valuation
JRVR has no meaningful PE right now: it lost money over the past year.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
IREN has the edge over JRVR on the outlook, with more favorable revenue and profitability expectations.
JRVR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Weakening | |
| Limited | |
| Low |
Analysts expect JRVR's earnings and revenue to decline, with profitability weakening. However, they disagree widely on these estimates.
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.
JRVR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.91 | — |
| Q3 2026 | -$3.62 | -$1.38 |
| Q2 2026 | $0.44 | +$3.76 |
| Q1 2026 | $0.40 | +$3.65 |
| Q4 2025 | $0.79 | +$3.85 |
| Q3 2025 | -$2.24 | +$1.81 |
| Q2 2025 | -$3.32 | -$0.82 |
| Q1 2025 | -$3.25 | -$0.97 |
| Q4 2024 | -$3.06 | -$0.61 |
JRVR is still losing money, but less than at its worst: $3.62 per share over the past year, against $4.94 at its worst in late 2021.
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 JRVR on sales, with more consistent year-over-year improvement.
| 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 has the edge over JRVR on profitability, with a higher operating margin.
JRVR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $147.7M | -14% |
| Q2 2026 | $161.3M | -7.7% |
| Q1 2026 | $151.4M | -12% |
| Q4 2025 | $167.7M | +32% |
| Q3 2025 | $172.7M | -9.8% |
| Q2 2025 | $174.8M | -7.1% |
| Q1 2025 | $172.3M | -14% |
| Q4 2024 | $126.7M | -42% |
JRVR's revenue fell from its 2019 peak and has held roughly level since: $148M last quarter, down 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -128% | -129 points |
| Q2 2026 | 5.2% | +1 points |
| Q1 2026 | -7% | -16 points |
| Q4 2025 | 15% | +72 points |
| Q3 2025 | 1.5% | +29 points |
| Q2 2025 | 4.2% | -6.5 points |
| Q1 2025 | 9.3% | -7.1 points |
| Q4 2024 | -57% | -70 points |
JRVR's operating margin was −128% last quarter, down 129 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
JRVR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$39.8M | -218% |
| Q2 2026 | -$5.9M | -124% |
| Q1 2026 | -$766K | +$51.9M |
| Q4 2025 | -$29.3M | -718% |
| Q3 2025 | $33.7M | +$304.4M |
| Q2 2025 | $24.7M | +$34M |
| Q1 2025 | -$52.7M | -326% |
| Q4 2024 | $4.7M | +$17.7M |
JRVR has the edge over IREN on cash flow, with more consistent year-over-year improvement.
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 | — |
JRVR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -623K shares |
| 1 year | -0.8% | -387K shares |
| 3 years | +22% | +8.5M shares |
| 5 years | +34% | +11.8M shares |
| Available history | +51% | +15.7M shares |
JRVR has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2023 | $1.5M |
| Q4 2022 | $363,000 |
| Q3 2022 | — |
| Q2 2022 | $19,000 |
| Q1 2022 | $922,000 |
| Q4 2021 | $315,000 |
| Q3 2021 | — |
| Q2 2021 | $209,000 |
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.
JRVR Net Leverage
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).
JRVR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.4 | Neutral |
| Stochastic | 26.1 | Neutral |
JRVR's weekly RSI is 30 (neutral) and its Stochastic is 26 (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.
JRVR PE vs Financial Services Sector
| Metric | JRVR | Sector median | Relative |
|---|---|---|---|
| PE | 8.8x | 13x | 32% below |
| PE % | 22 | 63 | 41 pts below |
JRVR has no meaningful PE right now: it lost money over the past year.
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 the edge over JRVR on trend strength, trading above more of its moving averages.
JRVR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.67 | 14% below |
| 20 week MA | $4.05 | 22% below |
| 50 week MA | $5.12 | 39% below |
| 100 week MA | $5.13 | 39% below |
| 200 week MA | $8.78 | 64% below |
JRVR is in a downtrend: it's below all five of its weekly moving averages, and 64% 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.
JRVR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.5 | $48.9 | +18% |
| 2021 | $48.9 | $27.1 | -44% |
| 2022 | $27.1 | $22.1 | -19% |
| 2023 | $22.1 | $9.24 | -58% |
| 2024 | $9.24 | $4.84 | -48% |
| 2025 | $4.84 | $6.39 | +32% |
| 2026 YTD | $6.39 | $3.14 | -51% |
JRVR has the edge over IREN on returns for 2026, with the stronger performance.