IREN
IREN Limited
There isn't enough reported data to score IREN yet.
MAAS
Maase Inc.
There isn't enough reported data to score MAAS yet.
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.
MAAS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| N/A | |
| N/A |
MAAS's profitability is currently under pressure. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like MAAS.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
MAAS PE Valuation
MAAS 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 |
Analysts expect IREN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
MAAS Forward outlook
There aren't enough analyst estimates for MAAS to show an outlook.
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.
MAAS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | -$3.88 | +$7.48 |
| Q2 2024 | -$11.36 | -$7.02 |
| Q2 2023 | -$4.34 | +$1.70 |
| Q2 2022 | -$6.04 | -$1.42 |
| Q2 2021 | -$4.62 | -$1.34 |
| Q2 2020 | -$3.28 | -158% |
MAAS has the edge over IREN in the latest year-over-year earnings comparison.
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.
MAAS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $27.5M | -77% |
| Q2 2025 | $117.2M | -34% |
| Q2 2024 | $177.9M | +2476% |
| Q2 2023 | $6.9M | -71% |
| Q2 2022 | $23.9M | -18% |
| Q2 2021 | $29M | +49% |
| Q2 2020 | $19.4M | -36% |
MAAS has the edge over IREN in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -13% | +43 points |
| Q2 2025 | -89% | -42 points |
| Q2 2024 | -39% | -0.9 points |
| Q2 2023 | -45% | -3.3 points |
| Q4 2022 | -56% | -84 points |
| Q2 2022 | -47% | N/A |
| Q2 2021 | -38% | N/A |
| Q2 2020 | -41% | N/A |
MAAS 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.
MAAS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$16M | -262% |
| Q2 2025 | $9.9M | +23% |
| Q2 2024 | $8M | +$9.6M |
| Q2 2023 | -$1.6M | +$554.7K |
| Q2 2022 | -$2.1M | -$455K |
| Q2 2021 | -$1.7M | +$12M |
| Q2 2020 | -$13.7M | -198% |
MAAS's free cash flow was $308,547 over the past year, against −$37M the year before. Free cash flow isn't a meaningful measure for financial services companies like MAAS.
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 MAAS 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 | — |
MAAS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +96% | +3.7M shares |
| 1 year | +405% | +6.1M shares |
MAAS has 8M diluted shares, up 405% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2024 | $1.5M |
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.
MAAS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2019 | -5.7x | Net Cash |
MAAS has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like MAAS.
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).
MAAS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 6.5 | Oversold |
MAAS's weekly RSI is 41 (neutral) and its Stochastic is 7 (oversold).
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.
MAAS PE vs Financial Services Sector
| Metric | MAAS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
MAAS 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 fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
MAAS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.2 | 16% below |
| 20 week MA | $14.9 | 31% below |
| 50 week MA | $10.7 | 3.8% below |
| 100 week MA | $8.78 | 17% above |
| 200 week MA | $160.6 | 94% below |
MAAS's trend is mixed: it's above one of its five weekly moving averages, and 94% 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.
MAAS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $328.2 | $358.8 | +9.3% |
| 2021 | $358.8 | $381.0 | +6.2% |
| 2022 | $381.0 | $420.6 | +10% |
| 2023 | $420.6 | $370.2 | -12% |
| 2024 | $370.2 | $18.0 | -95% |
| 2025 | $18.0 | $4.87 | -73% |
| 2026 YTD | $4.87 | $10.2 | +110% |
MAAS has the edge over IREN on returns for 2026, with the stronger performance.