IREN
IREN Limited
There isn't enough reported data to score IREN yet.
NRDS
NerdWallet, Inc.
NRDS's fundamentals are mixed: revenue grew 11%, but earnings per share fell 17%. At 9.4x earnings, it's trading about half its usual 20x. Analysts expect earnings to fall sharply, 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.
NRDS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
NRDS's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like NRDS.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
NRDS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.4x | $7.31 | — |
| Cheap | 11x | $8.58 | +17% |
| Forward | 11x | $7.31 | — |
| Fair | 19x | $14.91 | +104% |
| Expensive | 246x | $192 | +2522% |
Historical ranges are pointers, not guarantees.
NRDS's PE is in its cheap range at 9.4x. Analysts expect earnings to fall, which would put today's price at 11x next year's earnings.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
IREN has the edge over NRDS on the outlook, with more favorable revenue and profitability expectations.
NRDS Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect NRDS's earnings and profitability to decline, with its revenue holding steady. 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.
NRDS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -15% |
| Q3 2026 | $0.78 | -17% |
| Q2 2026 | $0.89 | +48% |
| Q1 2026 | $0.93 | +151% |
| Q4 2025 | $0.64 | +68% |
| Q3 2025 | $0.94 | +$1.07 |
| Q2 2025 | $0.60 | +$0.74 |
| Q1 2025 | $0.37 | +$0.53 |
| Q4 2024 | $0.38 | +$0.53 |
NRDS 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.
NRDS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $239.6M | +11% |
| Q2 2026 | $197.3M | +5.6% |
| Q1 2026 | $222.2M | +6.2% |
| Q4 2025 | $225.4M | +23% |
| Q3 2025 | $215.1M | +12% |
| Q2 2025 | $186.9M | +24% |
| Q1 2025 | $209.2M | +29% |
| Q4 2024 | $183.8M | +37% |
NRDS's revenue has grown year over year for 10 quarters in a row: $240M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.1% | -7.9 points |
| Q2 2026 | 3.5% | -2.2 points |
| Q1 2026 | 12% | +12 points |
| Q4 2025 | 8.6% | +3.9 points |
| Q3 2025 | 16% | +13 points |
| Q2 2025 | 5.7% | +12 points |
| Q1 2025 | 0.3% | -2 points |
| Q4 2024 | 4.7% | +1.3 points |
NRDS 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.
NRDS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31M | -36% |
| Q2 2026 | $41.1M | +145% |
| Q1 2026 | $35.3M | +33% |
| Q4 2025 | $38.6M | +298% |
| Q3 2025 | $48.4M | +67% |
| Q2 2025 | $16.8M | +70% |
| Q1 2025 | $26.5M | +17% |
| Q4 2024 | $9.7M | -67% |
NRDS 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 | — |
NRDS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -1.1M shares |
| 1 year | -16% | -12.2M shares |
| 3 years | -17% | -12.8M shares |
| 5 years | -0.1% | -47.3K shares |
| Available history | +17% | +9.6M shares |
NRDS has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.5M |
| Q2 2026 | $22.8M |
| Q1 2026 | $66M |
| Q4 2025 | $50.7M |
| Q3 2025 | $19.2M |
| Q3 2024 | $68.7M |
| Q3 2023 | $10.8M |
| Q4 2021 | — |
NRDS spent $150M buying back its own shares over the past year.
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.
NRDS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -1.2x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
NRDS has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NRDS.
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).
NRDS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 31.1 | Neutral |
NRDS's weekly RSI is 37 (neutral) and its Stochastic is 31 (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.
NRDS PE vs Financial Services Sector
| Metric | NRDS | Sector median | Relative |
|---|---|---|---|
| PE | 9.4x | 13x | 28% below |
| PE % | 5 | 64 | 59 pts below |
NRDS is trading at 9.4x earnings, a 28% 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 the edge over NRDS on trend strength, trading above more of its moving averages.
NRDS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.28 | 21% below |
| 20 week MA | $9.41 | 22% below |
| 50 week MA | $10.3 | 29% below |
| 100 week MA | $10.8 | 32% below |
| 200 week MA | $11.8 | 38% below |
NRDS is in a downtrend: it's below all five of its weekly moving averages, and 38% 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.
NRDS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $25.9 | $15.1 | -42% |
| 2022 | $15.1 | $8.99 | -41% |
| 2023 | $8.99 | $14.7 | +64% |
| 2024 | $14.7 | $13.2 | -11% |
| 2025 | $13.2 | $13.9 | +5.8% |
| 2026 YTD | $13.9 | $7.31 | -48% |
NRDS has the edge over IREN on returns for 2026, with the stronger performance.