IREN
IREN Limited
There isn't enough reported data to score IREN yet.
RF
Regions Financial Corporation
RF's fundamentals are mixed: its operating margin rose 2 points to 38%, while revenue grew 3.4%. At 11x 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.
RF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
RF'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 RF.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
RF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.1x | $20.63 | -28% |
| Forward | 10x | $28.51 | — |
| Fair | 11x | $27.95 | -2% |
| Current | 11x | $28.51 | — |
| Expensive | 13x | $33.96 | +19% |
Historical ranges are pointers, not guarantees.
RF's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
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.
RF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect RF'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.
RF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.80 | +9.2% |
| Q3 2026 | $2.56 | +13% |
| Q2 2026 | $2.46 | +15% |
| Q1 2026 | $2.41 | +16% |
| Q4 2025 | $2.30 | +19% |
| Q3 2025 | $2.26 | +26% |
| Q2 2025 | $2.14 | +20% |
| Q1 2025 | $2.07 | +11% |
| Q4 2024 | $1.93 | -8.5% |
RF 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.
RF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +3% |
| Q2 2026 | $1.9B | +0.1% |
| Q1 2026 | $1.9B | +5% |
| Q4 2025 | $1.9B | +5.8% |
| Q3 2025 | $1.9B | +7% |
| Q2 2025 | $1.9B | +10% |
| Q1 2025 | $1.8B | +2.1% |
| Q4 2024 | $1.8B | +0.2% |
RF's revenue has grown year over year for eight quarters in a row: $2B last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +2.9 points |
| Q2 2026 | 38% | +0.6 points |
| Q1 2026 | 38% | +3.3 points |
| Q4 2025 | 37% | +0.7 points |
| Q3 2025 | 37% | +3 points |
| Q2 2025 | 37% | +1 points |
| Q1 2025 | 35% | +8.3 points |
| Q4 2024 | 36% | +10 points |
RF 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.
RF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15M | -102% |
| Q2 2026 | $369M | -36% |
| Q1 2026 | $867M | -19% |
| Q4 2025 | -$319M | -$99M |
| Q3 2025 | $861M | -32% |
| Q2 2025 | $573M | +256% |
| Q1 2025 | $1.1B | +169% |
| Q4 2024 | -$220M | -126% |
RF 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 | — |
RF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -1M shares |
| 1 year | -4.3% | -38M shares |
| 3 years | -8.9% | -84M shares |
| 5 years | -11% | -106M shares |
| Available history | -14% | -143M shares |
RF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $95M |
| Q2 2026 | $59M |
| Q1 2026 | $401M |
| Q4 2025 | $430M |
| Q3 2025 | $251M |
| Q2 2025 | $144M |
| Q1 2025 | $242M |
| Q4 2024 | $58M |
RF spent $985M buying back its own shares over the past year, up 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.
RF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 1.4x | Healthy |
RF's net debt is about 2.5 years of its operating earnings (EBITDA), up from 1.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like RF.
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).
RF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 38.2 | Neutral |
RF's weekly RSI is 49 (neutral) and its Stochastic is 38 (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.
RF PE vs Financial Services Sector
| Metric | RF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 14% below |
| PE % | 54 | 63 | 9 pts below |
RF is trading at 11x earnings, a 14% 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.
RF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.9 | 2.3% above |
| 20 week MA | $29.6 | 3.5% below |
| 50 week MA | $28.5 | 0% below |
| 100 week MA | $26.1 | 9.2% above |
| 200 week MA | $23.0 | 24% above |
RF 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.
RF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.2 | $16.0 | -7.1% |
| 2021 | $16.0 | $21.5 | +35% |
| 2022 | $21.5 | $21.2 | -1.4% |
| 2023 | $21.2 | $19.4 | -8.7% |
| 2024 | $19.4 | $23.7 | +22% |
| 2025 | $23.7 | $27.8 | +17% |
| 2026 YTD | $27.8 | $28.5 | +2.6% |
RF has the edge over IREN on returns for 2026, with the stronger performance.