IREN
IREN Limited
There isn't enough reported data to score IREN yet.
RBB
RBB Bancorp
RBB's fundamentals are strong: its operating margin rose 16 points to 43% and earnings per share grew 72%. At 10x 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.
RBB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
RBB'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 RBB.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
RBB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $17.51 | -33% |
| Fair | 9.8x | $25.39 | -2.5% |
| Current | 10x | $26.04 | — |
| Forward | 11x | $26.04 | — |
| Expensive | 12x | $31.59 | +21% |
Historical ranges are pointers, not guarantees.
RBB's PE is in its fair range at 10x. On analysts' estimates for next year's earnings, today's price would be 11x, in its expensive 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.
RBB Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RBB's earnings to grow and its profitability to improve, 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.
RBB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.31 | -10% |
| Q3 2026 | $2.58 | +72% |
| Q2 2026 | $2.43 | +87% |
| Q1 2026 | $2.36 | +102% |
| Q4 2025 | $1.83 | +24% |
| Q3 2025 | $1.50 | -18% |
| Q2 2025 | $1.30 | -32% |
| Q1 2025 | $1.17 | -44% |
| Q4 2024 | $1.47 | -34% |
RBB 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.
RBB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $36.9M | +13% |
| Q2 2026 | $33.1M | -7.6% |
| Q1 2026 | $34.8M | +22% |
| Q4 2025 | $32.3M | +13% |
| Q3 2025 | $32.6M | +7.5% |
| Q2 2025 | $35.8M | +30% |
| Q1 2025 | $28.5M | +0.7% |
| Q4 2024 | $28.7M | -13% |
RBB's revenue is growing: $37M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +4.9 points |
| Q2 2026 | 43% | +6.4 points |
| Q1 2026 | 45% | +34 points |
| Q4 2025 | 39% | +22 points |
| Q3 2025 | 41% | +9.1 points |
| Q2 2025 | 36% | +0.5 points |
| Q1 2025 | 11% | -29 points |
| Q4 2024 | 18% | -34 points |
RBB 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.
RBB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$820K | -147% |
| Q2 2026 | $22.3M | +3.4% |
| Q1 2026 | $19.4M | +156% |
| Q4 2025 | $11.7M | -32% |
| Q3 2025 | $1.8M | -93% |
| Q2 2025 | $21.6M | +87% |
| Q1 2025 | $7.6M | +62% |
| Q4 2024 | $17.2M | +$26.1M |
RBB 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 | — |
RBB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -114K shares |
| 1 year | -1.6% | -274K shares |
| 3 years | -10% | -2M shares |
| 5 years | -14% | -2.8M shares |
| Available history | -17% | -3.4M shares |
RBB has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.5M |
| Q4 2025 | $1,000 |
| Q3 2025 | $12.5M |
| Q2 2025 | $1.5M |
| Q1 2025 | — |
| Q4 2024 | $9,000 |
| Q3 2024 | $11M |
| Q2 2024 | $8.1M |
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.
RBB Net Leverage
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).
RBB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 19.1 | Oversold |
RBB's weekly RSI is 54 (neutral) and its Stochastic is 19 (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.
RBB PE vs Financial Services Sector
| Metric | RBB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 23% below |
| PE % | 52 | 63 | 11 pts below |
RBB is trading at 10x earnings, a 23% 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.
RBB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.0 | 0.3% above |
| 20 week MA | $26.5 | 1.6% below |
| 50 week MA | $24.1 | 8.2% above |
| 100 week MA | $21.1 | 23% above |
| 200 week MA | $19.3 | 35% above |
RBB 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.
RBB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.2 | $15.4 | -27% |
| 2021 | $15.4 | $25.2 | +64% |
| 2022 | $25.2 | $21.1 | -16% |
| 2023 | $21.1 | $19.0 | -9.8% |
| 2024 | $19.0 | $20.8 | +9.2% |
| 2025 | $20.8 | $21.1 | +1.4% |
| 2026 YTD | $21.1 | $26.0 | +24% |
RBB has the edge over IREN on returns for 2026, with the stronger performance.