IREN
IREN Limited
There isn't enough reported data to score IREN yet.
RIOT
Riot Platforms, Inc.
There isn't enough reported data to score RIOT 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.
RIOT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| N/A | |
| N/A |
RIOT's revenue is currently stable, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like RIOT.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
RIOT PE Valuation
RIOT 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 |
Analysts expect IREN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
RIOT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RIOT 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 the edge over RIOT on earnings, with more consistent year-over-year improvement.
RIOT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$4.00 | -1312% |
| Q2 2026 | -$3.75 | -$3.28 |
| Q1 2026 | -$2.49 | -$1.12 |
| Q4 2025 | -$1.95 | -674% |
| Q3 2025 | $0.33 | +27% |
| Q2 2025 | -$0.47 | -185% |
| Q1 2025 | -$1.37 | -259% |
| Q4 2024 | $0.34 | +$0.62 |
RIOT has swung to a loss: it lost $4.00 per share over the past year, after a profit 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'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.
RIOT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $181.4M | +0.7% |
| Q2 2026 | $174.2M | +14% |
| Q1 2026 | $167.2M | +3.6% |
| Q4 2025 | $152.8M | +7.2% |
| Q3 2025 | $180.2M | +113% |
| Q2 2025 | $153M | +118% |
| Q1 2025 | $161.4M | +104% |
| Q4 2024 | $142.6M | +81% |
RIOT's revenue has grown year over year for nine quarters in a row: $181M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.7% | -44 points |
| Q2 2026 | -137% | -279 points |
| Q1 2026 | -299% | -154 points |
| Q4 2025 | -448% | -580 points |
| Q3 2025 | 44% | +188 points |
| Q2 2025 | 141% | +308 points |
| Q1 2025 | -145% | -402 points |
| Q4 2024 | 132% | +38 points |
RIOT 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 has the edge over RIOT on cash flow, with more consistent year-over-year improvement.
RIOT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$264.1M | -$124.4M |
| Q2 2026 | -$150.9M | +$140.8M |
| Q1 2026 | -$298.1M | -$143.2M |
| Q4 2025 | -$188M | -$31.4M |
| Q3 2025 | -$139.7M | -$12.1M |
| Q2 2025 | -$291.7M | -$195.7M |
| Q1 2025 | -$154.9M | -$39.8M |
| Q4 2024 | -$156.6M | -$156.1M |
RIOT's free cash flow was −$901M over the past year, against −$743M the year before. Free cash flow isn't a meaningful measure for financial services companies like RIOT.
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 | — |
RIOT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +8.2% | +28.5M shares |
| 1 year | -6.7% | -27M shares |
| 3 years | +125% | +209M shares |
| 5 years | +349% | +292M shares |
| Available history | +1820% | +357M shares |
RIOT has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $83.7M |
| Q2 2026 | $499,000 |
| Q1 2026 | $2M |
| Q4 2025 | $1.1M |
| Q3 2025 | $2.6M |
| Q2 2025 | $103,000 |
| Q1 2025 | $484,000 |
| Q4 2024 | $84,000 |
RIOT spent $87M buying back its own shares over the past year, more than ten times what it spent 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.
RIOT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.7x | Healthy |
| Q4 2024 | 0.8x | Very low |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.6x | Net Cash |
| Q1 2024 | -1.6x | Net Cash |
| Q4 2023 | -3.2x | Net Cash |
| Q1 2022 | -2.5x | Net Cash |
RIOT's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like RIOT.
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).
RIOT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 29.8 | Neutral |
RIOT's weekly RSI is 48 (neutral) and its Stochastic is 30 (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.
RIOT PE vs Financial Services Sector
| Metric | RIOT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
RIOT 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 |
IREN has fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
RIOT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.7 | 7.1% above |
| 20 week MA | $19.1 | 6.8% below |
| 50 week MA | $18.6 | 4.1% below |
| 100 week MA | $15.4 | 16% above |
| 200 week MA | $13.1 | 36% above |
RIOT 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.
RIOT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.22 | $13.1 | +975% |
| 2021 | $13.1 | $25.7 | +96% |
| 2022 | $25.7 | $3.68 | -86% |
| 2023 | $3.68 | $15.5 | +320% |
| 2024 | $15.5 | $11.0 | -29% |
| 2025 | $11.0 | $13.4 | +22% |
| 2026 YTD | $13.4 | $17.8 | +33% |
RIOT has the edge over IREN on returns for 2026, with the stronger performance.