IREN
IREN Limited
There isn't enough reported data to score IREN yet.
NOAH
Noah Holdings Limited
There isn't enough reported data to score NOAH 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.
NOAH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
NOAH's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like NOAH.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
NOAH PE Valuation
NOAH 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.
NOAH Forward outlook
There aren't enough analyst estimates for NOAH 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.
NOAH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $6.34 | +4.1% |
| Q1 2026 | $5.72 | +9.2% |
| Q4 2025 | $5.96 | +18% |
| Q3 2025 | $6.99 | +12% |
| Q2 2025 | $6.09 | -17% |
| Q1 2025 | $5.24 | -46% |
| Q4 2024 | $5.07 | -54% |
| Q3 2024 | $6.24 | -38% |
NOAH 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 has the edge over NOAH 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's operating margin was −82% last quarter, down 50 points from the same quarter a year ago.
NOAH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $93M | -1.5% |
| Q1 2026 | $93.9M | +1.8% |
| Q4 2025 | $109.1M | +11% |
| Q3 2025 | $95M | -7.4% |
| Q2 2025 | $94.5M | +2.2% |
| Q1 2025 | $92.2M | -5.4% |
| Q4 2024 | $97.8M | -18% |
| Q3 2024 | $102.6M | -8.8% |
NOAH's revenue fell from its 2021 peak and has held roughly level since: $93M last quarter, down 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 35% | +9.2 points |
| Q1 2026 | 38% | +7.5 points |
| Q4 2025 | 35% | +14 points |
| Q3 2025 | 27% | -8.1 points |
| Q2 2025 | 26% | +3.8 points |
| Q1 2025 | 30% | +12 points |
| Q4 2024 | 21% | -6.5 points |
| Q3 2024 | 35% | +2 points |
NOAH 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 has the edge over NOAH on cash flow, with more consistent year-over-year improvement.
NOAH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | -100% |
NOAH's free cash flow was $0 over the past year, against $0 the year before. Free cash flow isn't a meaningful measure for financial services companies like NOAH.
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 | — |
NOAH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -203K shares |
| 1 year | -2% | -275K shares |
| 3 years | -0.8% | -117K shares |
| 5 years | +2% | +271K shares |
| Available history | +11% | +1.4M shares |
NOAH has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $7.6M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NOAH spent $8M buying back its own shares over the past year, after none 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.
NOAH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -5.0x | Net Cash |
| Q1 2026 | -6.2x | Net Cash |
| Q4 2025 | -6.7x | Net Cash |
| Q3 2025 | -5.8x | Net Cash |
| Q2 2025 | -5.2x | Net Cash |
| Q1 2025 | -5.4x | Net Cash |
| Q4 2024 | -5.2x | Net Cash |
| Q3 2024 | -4.0x | Net Cash |
NOAH has the edge over IREN on leverage, with a lower net debt burden relative to earnings.
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).
NOAH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 21.7 | Oversold |
| Stochastic | 8.4 | Oversold |
NOAH's weekly RSI is 22 (oversold) and its Stochastic is 8 (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.
NOAH PE vs Financial Services Sector
NOAH 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 NOAH on trend strength, trading above more of its moving averages.
NOAH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.20 | 8.6% below |
| 20 week MA | $8.09 | 19% below |
| 50 week MA | $9.69 | 32% below |
| 100 week MA | $10.4 | 36% below |
| 200 week MA | $11.7 | 44% below |
NOAH is in a downtrend: it's below all five of its weekly moving averages, and 44% 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.
NOAH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.5 | $43.6 | +23% |
| 2021 | $43.6 | $30.3 | -31% |
| 2022 | $30.3 | $14.6 | -52% |
| 2023 | $14.6 | $13.8 | -5.2% |
| 2024 | $13.8 | $11.6 | -16% |
| 2025 | $11.6 | $10.0 | -13% |
| 2026 YTD | $10.0 | $6.58 | -34% |
NOAH has the edge over IREN on returns for 2026, with the stronger performance.