IREN
IREN Limited
There isn't enough reported data to score IREN yet.
NSLR
Neostellar Capital Corp.
NSLR's fundamentals are mixed: revenue grew 18%, but its operating margin went from 10825% to −5447%. At 2.1x earnings, it's trading about half its usual 3.9x. Analysts expect losses to grow.
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.
NSLR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| N/A | |
| N/A |
NSLR's revenue is currently strong, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like NSLR.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
NSLR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 1.5x | $4.22 | -30% |
| Current | 2.1x | $6.02 | — |
| Fair | 3.9x | $11.14 | +85% |
| Expensive | 34x | $98.26 | +1532% |
Historical ranges are pointers, not guarantees.
NSLR's PE is in its fair range at 2.1x.
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.
NSLR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect NSLR's losses to grow, with revenue growing.
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.
NSLR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $2.86 | +15% |
| Q2 2026 | $3.94 | +100% |
| Q1 2026 | $6.89 | +$7.60 |
| Q4 2025 | $1.68 | +$3.23 |
| Q3 2025 | $2.48 | +$4.39 |
| Q2 2025 | $1.97 | +$2.66 |
| Q1 2025 | -$0.71 | +$0.13 |
| Q4 2024 | -$1.55 | -916% |
NSLR 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% |
NSLR has the stronger quarterly revenue trend. Revenue is down 5.1% for IREN versus down 0.8% for NSLR.
| 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.
NSLR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $519.5K | -0.8% |
| Q2 2022 | $890.6K | +224% |
| Q1 2022 | $583.1K | +100% |
| Q4 2021 | $380.8K | -59% |
| Q3 2021 | $523.9K | +28% |
| Q2 2021 | $274.8K | +14% |
| Q1 2021 | $291.4K | +16% |
| Q4 2020 | $922.7K | +131% |
NSLR's revenue is growing: $519,510 last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | -8836% | -11746 points |
| Q2 2022 | -10592% | -22730 points |
| Q1 2022 | 3508% | -33561 points |
| Q4 2021 | -2505% | -9146 points |
| Q3 2021 | 2910% | -991 points |
| Q2 2021 | 12138% | +3099 points |
| Q1 2021 | 37069% | +46480 points |
| Q4 2020 | 6641% | +6089 points |
NSLR's operating margin was −8836% last quarter, down 11746 points from the same quarter a year ago.
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.
NSLR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.2M | +$8.3M |
| Q2 2026 | -$24.1M | -171% |
| Q1 2026 | -$5.8M | -$2M |
| Q4 2025 | $4.4M | +$16.8M |
| Q3 2025 | -$100.7K | +$20.8M |
| Q2 2025 | $33.7M | +160% |
| Q1 2025 | -$3.7M | -116% |
| Q4 2024 | -$12.4M | +$32.8M |
NSLR 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 | — |
NSLR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +490K shares |
| 1 year | -8.7% | -2.5M shares |
| 3 years | +4.4% | +1.1M shares |
| 5 years | -4.1% | -1.1M shares |
| Available history | +20% | +4.3M shares |
NSLR has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $678,685 |
| Q4 2022 | — |
| Q3 2022 | $13.2M |
| Q2 2022 | $6.9M |
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.
NSLR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | -1.7x | Net Cash |
| Q4 2021 | -0.9x | Net Cash |
| Q3 2021 | -0.5x | Net Cash |
| Q2 2021 | -0.6x | Net Cash |
| Q1 2021 | -0.8x | Net Cash |
| Q4 2020 | -0.1x | Net Cash |
| Q3 2020 | -1.4x | Net Cash |
| Q2 2020 | 2.8x | Moderate |
NSLR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NSLR.
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).
NSLR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.3 | Oversold |
| Stochastic | 6.4 | Oversold |
NSLR's weekly RSI is 26 (oversold) and its Stochastic is 6 (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.
NSLR PE vs Financial Services Sector
| Metric | NSLR | Sector median | Relative |
|---|---|---|---|
| PE | 2.1x | 13x | 84% below |
| PE % | 33 | 63 | 30 pts below |
NSLR is trading at 2.1x earnings, a 84% 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 NSLR on trend strength, trading above more of its moving averages.
NSLR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.58 | 8.5% below |
| 20 week MA | $8.70 | 31% below |
| 50 week MA | $10.1 | 40% below |
| 100 week MA | $8.66 | 30% below |
| 200 week MA | $6.32 | 4.7% below |
NSLR is in a downtrend: it's below all five of its weekly moving averages, and 4.7% 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.
NSLR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.84 | $12.6 | +83% |
| 2021 | $12.6 | $13.5 | +7.4% |
| 2022 | $13.5 | $3.84 | -72% |
| 2023 | $3.84 | $3.94 | +2.6% |
| 2024 | $3.94 | $5.98 | +52% |
| 2025 | $5.98 | $9.61 | +61% |
| 2026 YTD | $9.61 | $6.02 | -37% |
NSLR has the edge over IREN on returns for 2026, with the stronger performance.