IREN
IREN Limited
There isn't enough reported data to score IREN yet.
NRIM
Northrim BanCorp, Inc.
NRIM's fundamentals are weak and it looks expensive: trading at 9.7x earnings, above its usual 8.8x. 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.
NRIM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
NRIM's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like NRIM.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
NRIM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $18.20 | -24% |
| Fair | 8.8x | $21.73 | -9.7% |
| Forward | 9.2x | $24.05 | — |
| Current | 9.7x | $24.05 | — |
| Expensive | 11x | $28.11 | +17% |
Historical ranges are pointers, not guarantees.
NRIM's PE is in its fair range at 9.7x. If earnings grow as analysts expect, today's price would be 9.2x 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.
NRIM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NRIM, but weaker profitability.
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.
NRIM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.63 | +6.3% |
| Q3 2026 | $2.47 | -12% |
| Q2 2026 | $3.04 | +52% |
| Q1 2026 | $2.88 | +53% |
| Q4 2025 | $2.87 | +73% |
| Q3 2025 | $2.80 | +90% |
| Q2 2025 | $2.00 | +39% |
| Q1 2025 | $1.88 | +47% |
| Q4 2024 | $1.66 | +48% |
NRIM 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.
NRIM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $59.6M | -10% |
| Q2 2026 | $53.9M | +7.2% |
| Q1 2026 | $49.5M | +8.9% |
| Q4 2025 | $51.7M | +18% |
| Q3 2025 | $66.6M | +65% |
| Q2 2025 | $50.2M | +37% |
| Q1 2025 | $45.5M | +33% |
| Q4 2024 | $43.9M | +32% |
NRIM's revenue is growing: $60M last quarter, down 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -21 points |
| Q2 2026 | 38% | +6.1 points |
| Q1 2026 | 36% | -2.4 points |
| Q4 2025 | 32% | +1.8 points |
| Q3 2025 | 52% | +23 points |
| Q2 2025 | 31% | -0.2 points |
| Q1 2025 | 39% | +8 points |
| Q4 2024 | 30% | +5.2 points |
NRIM 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.
NRIM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$14.4M | -116% |
| Q2 2026 | $39.5M | +$44.2M |
| Q1 2026 | $24.3M | +49% |
| Q4 2025 | $32.3M | -12% |
| Q3 2025 | $89.9M | +$90.3M |
| Q2 2025 | -$4.7M | +$34.2M |
| Q1 2025 | $16.3M | +$22.9M |
| Q4 2024 | $36.5M | -26% |
NRIM 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 | — |
NRIM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +33.2K shares |
| 1 year | +0.3% | +75K shares |
| 3 years | +0.3% | +78K shares |
| 5 years | -9.9% | -2.5M shares |
| Available history | -17% | -4.7M shares |
NRIM has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $1,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $788,000 |
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.
NRIM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2019 | -0.4x | Net Cash |
NRIM has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NRIM.
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).
NRIM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 18.0 | Oversold |
NRIM's weekly RSI is 44 (neutral) and its Stochastic is 18 (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.
NRIM PE vs Financial Services Sector
| Metric | NRIM | Sector median | Relative |
|---|---|---|---|
| PE | 9.7x | 13x | 25% below |
| PE % | 62 | 63 | 1 pt below |
NRIM is trading at 9.7x earnings, a 25% 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.
NRIM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.1 | 0.2% below |
| 20 week MA | $25.6 | 6% below |
| 50 week MA | $25.3 | 4.9% below |
| 100 week MA | $23.3 | 3.4% above |
| 200 week MA | $18.2 | 32% above |
NRIM has the edge over IREN on trend strength, trading above more of its moving averages.
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.
NRIM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.49 | $8.24 | -13% |
| 2021 | $8.24 | $10.7 | +30% |
| 2022 | $10.7 | $13.7 | +27% |
| 2023 | $13.7 | $14.3 | +4.7% |
| 2024 | $14.3 | $19.3 | +35% |
| 2025 | $19.3 | $27.1 | +41% |
| 2026 YTD | $27.1 | $24.1 | -11% |
NRIM has the edge over IREN on returns for 2026, with the stronger performance.