IREN
IREN Limited
There isn't enough reported data to score IREN yet.
PSBD
Palmer Square Capital BDC Inc.
There isn't enough reported data to score PSBD yet.
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.
PSBD Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| N/A | |
| N/A |
PSBD's profitability is currently healthy. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like PSBD.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
PSBD PE Valuation
PSBD has no meaningful PE right now: it lost money over the past year.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
IREN has the edge over PSBD on the outlook, with more favorable revenue and profitability expectations.
PSBD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect PSBD'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 |
PSBD has the stronger earnings trend. Trailing diluted EPS is down 347% for IREN versus PSBD down 7.9%.
PSBD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.54 | -12% |
| Q3 2023 | $3.42 | +$5.65 |
| Q2 2023 | $1.91 | +$3.78 |
| Q1 2023 | -$1.06 | -431% |
| Q4 2022 | -$2.31 | -485% |
PSBD earned $1.76 per share over the past year, down 7.9% from the year before.
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 PSBD in the latest year-over-year revenue comparison.
| 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.
PSBD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $765.3K | -89% |
| Q3 2021 | $7.2M | -59% |
| Q2 2021 | $7.4M | -78% |
PSBD's revenue has slid since its 2020 peak: $765,339 last quarter, down 89% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | -883% | -948 points |
| Q4 2021 | 54% | -33 points |
| Q3 2021 | 66% | -29 points |
| Q2 2021 | 68% | N/A |
| Q1 2021 | 69% | N/A |
| Q3 2020 | 87% | N/A |
| Q2 2020 | 95% | N/A |
PSBD's operating margin was −883% last quarter, down 952 points from the same quarter a year ago, near the bottom of its range since 2020.
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.
PSBD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $57.3M | +227% |
| Q2 2026 | $21.3M | -48% |
| Q1 2026 | $29.1M | -37% |
| Q4 2025 | $55.7M | +63% |
| Q3 2025 | $17.5M | +399% |
| Q2 2025 | $41M | +$41.5M |
| Q1 2025 | $46.4M | +$284.3M |
| Q4 2024 | $34.3M | +907% |
PSBD 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 | — |
PSBD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -461K shares |
| 1 year | -5.6% | -1.8M shares |
| 3 years | +24% | +5.9M shares |
| 5 years | -4.9% | -1.6M shares |
PSBD has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.2M |
| Q2 2026 | $4.1M |
| Q1 2026 | $1.6M |
| Q4 2025 | $7.6M |
| Q3 2025 | $4.7M |
| Q2 2025 | $4.2M |
| Q1 2025 | $1.5M |
| Q4 2024 | $765,047 |
PSBD spent $18M buying back its own shares over the past year, up 65% 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.
PSBD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | 64.0x | High |
| Q4 2021 | 34.0x | High |
PSBD's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like PSBD.
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).
PSBD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.7 | Neutral |
| Stochastic | 33.0 | Neutral |
PSBD's weekly RSI is 42 (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.
PSBD PE vs Financial Services Sector
| Metric | PSBD | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
PSBD has no meaningful PE right now: it lost money over the past year.
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 |
PSBD has stronger trend alignment. IREN is above 1 of 5 weekly averages versus PSBD above 1 of 4.
PSBD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.78 | 0.5% above |
| 20 week MA | $10.0 | 1.8% below |
| 50 week MA | $10.7 | 7.8% below |
| 100 week MA | $12.3 | 20% below |
PSBD has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 20% below its 100-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.
PSBD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $16.4 | $15.5 | -5.3% |
| 2025 | $15.5 | $12.2 | -21% |
| 2026 YTD | $12.2 | $9.83 | -20% |
PSBD has the edge over IREN on returns for 2026, with the stronger performance.