IREN
IREN Limited
There isn't enough reported data to score IREN yet.
ONIT
Onity Group Inc.
ONIT's fundamentals are strong and it looks cheap: trading at 1.9x earnings, less than half its usual 11x. Analysts expect earnings to decline.
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.
ONIT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
ONIT'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 ONIT.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
ONIT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.9x | $27.33 | — |
| Cheap | 2.4x | $33.80 | +24% |
| Forward | 4.8x | $27.33 | — |
| Fair | 11x | $150 | +450% |
| Expensive | 33x | $460 | +1583% |
Historical ranges are pointers, not guarantees.
ONIT's PE is in its cheap range at 1.9x. Analysts expect earnings to fall, which would put today's price at 4.8x next year's earnings, in its fair range.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
IREN has the edge over ONIT on the outlook, with more favorable revenue and profitability expectations.
ONIT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect ONIT's earnings and profitability to decline, with its revenue holding steady.
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.
ONIT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.75 | -59% |
| Q3 2026 | $14.15 | +324% |
| Q2 2026 | $15.77 | +298% |
| Q1 2026 | $19.70 | +582% |
| Q4 2025 | $21.46 | +420% |
| Q3 2025 | $3.34 | +94% |
| Q2 2025 | $3.96 | +3200% |
| Q1 2025 | $2.89 | +291% |
| Q4 2024 | $4.13 | +$12.47 |
ONIT 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.
ONIT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $278.1M | -0.8% |
| Q2 2026 | $282.9M | +15% |
| Q1 2026 | $294.3M | +18% |
| Q4 2025 | $290M | +29% |
| Q3 2025 | $280.3M | +5.5% |
| Q2 2025 | $246.6M | +0.1% |
| Q1 2025 | $249.8M | +4.5% |
| Q4 2024 | $224.8M | -19% |
ONIT's revenue has picked up after five years of holding roughly level: $278M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 58% | +2.5 points |
| Q2 2026 | 51% | -4.7 points |
| Q1 2026 | 55% | +3.1 points |
| Q4 2025 | 53% | +4.4 points |
| Q3 2025 | 55% | -2.6 points |
| Q2 2025 | 56% | -2.2 points |
| Q1 2025 | 52% | -4.3 points |
| Q4 2024 | 49% | -14 points |
ONIT 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.
ONIT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $577M | +152% |
| Q2 2026 | -$516.9M | +$81.9M |
| Q1 2026 | -$1.6B | -$1.4B |
| Q4 2025 | -$232.5M | -$14M |
| Q3 2025 | $228.8M | +1098% |
| Q2 2025 | -$598.8M | -$520.8M |
| Q1 2025 | -$148.4M | +$148.8M |
| Q4 2024 | -$218.5M | -178% |
ONIT 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 | — |
ONIT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +126K shares |
| 1 year | -1.7% | -145K shares |
| 3 years | +6.4% | +513K shares |
| 5 years | -8.8% | -829K shares |
| Available history | -4.4% | -390K shares |
ONIT has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6M |
| Q2 2026 | $5.9M |
| Q1 2026 | $6.1M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | $11.2M |
| Q3 2022 | $36.5M |
| Q4 2021 | — |
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.
ONIT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.8x | High |
| Q2 2026 | 6.7x | High |
| Q1 2026 | 6.7x | High |
| Q4 2025 | 4.9x | High |
| Q3 2025 | 6.7x | High |
| Q2 2025 | 6.9x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 5.1x | High |
ONIT's net debt is about 5.8 years of its operating earnings (EBITDA), down from 6.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like ONIT.
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).
ONIT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.3 | Neutral |
| Stochastic | 24.1 | Neutral |
ONIT's weekly RSI is 37 (neutral) and its Stochastic is 24 (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.
ONIT PE vs Financial Services Sector
| Metric | ONIT | Sector median | Relative |
|---|---|---|---|
| PE | 1.9x | 13x | 85% below |
| PE % | 8 | 63 | 55 pts below |
ONIT is trading at 1.9x earnings, a 85% 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 ONIT on trend strength, trading above more of its moving averages.
ONIT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.7 | 1.4% below |
| 20 week MA | $33.4 | 18% below |
| 50 week MA | $38.5 | 29% below |
| 100 week MA | $37.5 | 27% below |
| 200 week MA | $32.9 | 17% below |
ONIT is in a downtrend: it's below all five of its weekly moving averages, and 17% 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.
ONIT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.9 | $31.0 | +49% |
| 2021 | $31.0 | $39.5 | +27% |
| 2022 | $39.5 | $31.4 | -20% |
| 2023 | $31.4 | $30.8 | -2.1% |
| 2024 | $30.8 | $30.2 | -1.8% |
| 2025 | $30.2 | $44.2 | +46% |
| 2026 YTD | $44.2 | $27.3 | -38% |
ONIT has the edge over IREN on returns for 2026, with the stronger performance.