IREN
IREN Limited
There isn't enough reported data to score IREN yet.
PFBC
Preferred Bank
PFBC's fundamentals are mixed: its operating margin rose 3 points to 38%, while revenue grew only 0.7%. At 9.5x earnings, it's trading right at its usual valuation. 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.
PFBC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
PFBC'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 PFBC.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
PFBC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $76.02 | -27% |
| Fair | 9.2x | $101 | -2.4% |
| Forward | 9.2x | $103 | — |
| Current | 9.5x | $103 | — |
| Expensive | 12x | $131 | +26% |
Historical ranges are pointers, not guarantees.
PFBC's PE is in its fair range at 9.5x. On analysts' estimates for next year's earnings, today's price would be 9.2x.
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.
PFBC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
PFBC has the edge over IREN on the outlook, with more favorable earnings expectations.
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.
PFBC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.25 | +2.9% |
| Q2 2026 | $10.94 | +15% |
| Q1 2026 | $10.73 | +14% |
| Q4 2025 | $10.43 | +8.3% |
| Q3 2025 | $9.89 | -0.9% |
| Q2 2025 | $9.51 | -7% |
| Q1 2025 | $9.42 | -9.1% |
| Q4 2024 | $9.63 | -8.5% |
| Q3 2024 | $9.98 | -6.2% |
PFBC 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 PFBC on sales, with stronger typical year-over-year growth.
| 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.
PFBC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $125.7M | +1.2% |
| Q1 2026 | $120.8M | +1.9% |
| Q4 2025 | $129.3M | +1.6% |
| Q3 2025 | $130.5M | -1.8% |
| Q2 2025 | $124.2M | -5% |
| Q1 2025 | $118.5M | -8.5% |
| Q4 2024 | $127.3M | +2.9% |
| Q3 2024 | $132.9M | +3.4% |
PFBC's revenue grew through 2023 and has held roughly level since: $126M last quarter, up 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 39% | +1.1 points |
| Q1 2026 | 37% | +1 points |
| Q4 2025 | 38% | +4.8 points |
| Q3 2025 | 39% | +3.7 points |
| Q2 2025 | 38% | +1.3 points |
| Q1 2025 | 36% | -0.5 points |
| Q4 2024 | 33% | -7.1 points |
| Q3 2024 | 35% | -6.2 points |
PFBC 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.
PFBC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $26.6M | +4.3% |
| Q1 2026 | $44.3M | 0% |
| Q4 2025 | $86.2M | +116% |
| Q3 2025 | $10.8M | -81% |
| Q2 2025 | $25.5M | -0.8% |
| Q1 2025 | $44.3M | +4.7% |
| Q4 2024 | $39.8M | +$41M |
| Q3 2024 | $55.8M | -5.4% |
PFBC 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 | — |
PFBC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -243K shares |
| 1 year | -7.6% | -990K shares |
| 3 years | -17% | -2.5M shares |
| 5 years | -19% | -2.9M shares |
| Available history | -20% | -3M shares |
PFBC has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $101,000 |
| Q1 2026 | $41.4M |
| Q4 2025 | $16.3M |
| Q3 2025 | $6.4M |
| Q2 2025 | $57.2M |
| Q1 2025 | $13.2M |
| Q4 2024 | $6.5M |
| Q3 2024 | $5.4M |
PFBC spent $64M buying back its own shares over the past year, down 22% from 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.
PFBC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.2x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -4.0x | Net Cash |
| Q4 2024 | -3.2x | Net Cash |
| Q3 2024 | -3.1x | Net Cash |
PFBC 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).
PFBC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.5 | Neutral |
| Stochastic | 33.4 | Neutral |
PFBC's weekly RSI is 52 (neutral) and its Stochastic is 33 (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.
PFBC PE vs Financial Services Sector
| Metric | PFBC | Sector median | Relative |
|---|---|---|---|
| PE | 9.5x | 13x | 27% below |
| PE % | 52 | 63 | 11 pts below |
PFBC is trading at 9.5x earnings, a 27% 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.
PFBC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.2 | 1.7% below |
| 20 week MA | $105.2 | 1.6% below |
| 50 week MA | $98.4 | 5.1% above |
| 100 week MA | $93.0 | 11% above |
| 200 week MA | $81.5 | 27% above |
PFBC 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.
PFBC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.8 | $48.6 | -19% |
| 2021 | $48.6 | $69.7 | +43% |
| 2022 | $69.7 | $75.0 | +7.7% |
| 2023 | $75.0 | $73.1 | -2.7% |
| 2024 | $73.1 | $86.7 | +19% |
| 2025 | $86.7 | $99.0 | +14% |
| 2026 YTD | $99.0 | $103.5 | +4.5% |
PFBC has the edge over IREN on returns for 2026, with the stronger performance.