IREN
IREN Limited
There isn't enough reported data to score IREN yet.
PJT
PJT Partners Inc.
PJT's fundamentals are mixed: revenue grew 10%, but earnings per share fell 13%. At 27x earnings, it's trading above its usual 24x. 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.
PJT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
PJT'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 PJT.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
PJT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $92.56 | -39% |
| Forward | 18x | $151 | — |
| Fair | 24x | $134 | -11% |
| Current | 27x | $151 | — |
| Expensive | 31x | $175 | +15% |
Historical ranges are pointers, not guarantees.
PJT's PE is in its fair range at 27x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
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.
PJT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
PJT 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.
PJT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.24 | +46% |
| Q3 2026 | $5.63 | -13% |
| Q2 2026 | $5.95 | +2.2% |
| Q1 2026 | $5.50 | -3% |
| Q4 2025 | $4.15 | -15% |
| Q3 2025 | $6.50 | +9.8% |
| Q2 2025 | $5.82 | +0.2% |
| Q1 2025 | $5.67 | +1.1% |
| Q4 2024 | $4.90 | -3.2% |
PJT 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.
PJT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $385.1M | -14% |
| Q2 2026 | $486.3M | +20% |
| Q1 2026 | $418.2M | +29% |
| Q4 2025 | $535.2M | +12% |
| Q3 2025 | $447.1M | +37% |
| Q2 2025 | $406.9M | +13% |
| Q1 2025 | $324.5M | -1.5% |
| Q4 2024 | $477.3M | +45% |
PJT's revenue is growing: $385M last quarter, down 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | -3.7 points |
| Q2 2026 | 22% | +1.8 points |
| Q1 2026 | 19% | +1.2 points |
| Q4 2025 | 24% | +0.7 points |
| Q3 2025 | 22% | +4.3 points |
| Q2 2025 | 20% | +1.1 points |
| Q1 2025 | 18% | 0 points |
| Q4 2024 | 23% | +4.4 points |
PJT 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.
PJT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $267M | +11% |
| Q2 2026 | $226.4M | +27% |
| Q1 2026 | $56M | +$133.9M |
| Q4 2025 | $138.6M | -29% |
| Q3 2025 | $240.9M | +35% |
| Q2 2025 | $178.9M | -7.3% |
| Q1 2025 | -$77.9M | -$38.7M |
| Q4 2024 | $195.3M | +58% |
PJT 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 | — |
PJT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -3.4M shares |
| 1 year | -12% | -3.4M shares |
| 3 years | -5.3% | -1.4M shares |
| 5 years | -40% | -16.8M shares |
| Available history | -22% | -7.3M shares |
PJT has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20.2M |
| Q2 2026 | $53.6M |
| Q1 2026 | $61.3M |
| Q4 2025 | $4.7M |
| Q3 2025 | — |
| Q2 2025 | $63.4M |
| Q1 2025 | $127.1M |
| Q4 2024 | $49.5M |
PJT spent $140M buying back its own shares over the past year, down 42% 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.
PJT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.6x | Net Cash |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | -0.4x | Net Cash |
PJT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like PJT.
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).
PJT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.9 | Neutral |
| Stochastic | 32.9 | Neutral |
PJT's weekly RSI is 47 (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.
PJT PE vs Financial Services Sector
| Metric | PJT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 13x | 106% above |
| PE % | 62 | 63 | 1 pt below |
PJT is trading at 27x earnings, a 106% premium 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.
PJT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $144.4 | 4.7% above |
| 20 week MA | $159.0 | 4.9% below |
| 50 week MA | $158.2 | 4.4% below |
| 100 week MA | $160.3 | 5.6% below |
| 200 week MA | $128.9 | 17% above |
PJT 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.
PJT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.8 | $77.7 | +74% |
| 2021 | $77.7 | $75.0 | -3.6% |
| 2022 | $75.0 | $76.1 | +1.5% |
| 2023 | $76.1 | $101.9 | +34% |
| 2024 | $101.9 | $159.6 | +57% |
| 2025 | $159.6 | $172.3 | +8% |
| 2026 YTD | $172.3 | $151.3 | -12% |
PJT has the edge over IREN on returns for 2026, with the stronger performance.