IREN
IREN Limited
There isn't enough reported data to score IREN yet.
ROOT
Root, Inc.
ROOT's fundamentals are mixed, but it looks cheap: trading at 9.1x earnings, about half its usual 19x. 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.
ROOT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
ROOT'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 ROOT.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
ROOT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.1x | $43.63 | — |
| Cheap | 15x | $73.79 | +69% |
| Fair | 19x | $89.09 | +104% |
| Forward | 19x | $43.63 | — |
| Expensive | 40x | $189 | +334% |
Historical ranges are pointers, not guarantees.
ROOT's PE is in its cheap range at 9.1x. On analysts' estimates for next year's earnings, today's price would be 19x, in its fair 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.
ROOT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect ROOT's earnings to grow, with its revenue and profitability 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.
ROOT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.33 | -51% |
| Q3 2026 | $4.79 | +40% |
| Q2 2026 | $3.58 | -30% |
| Q1 2026 | $3.38 | +1.8% |
| Q4 2025 | $2.36 | +29% |
| Q3 2025 | $3.43 | +$4.67 |
| Q2 2025 | $5.13 | +$10.88 |
| Q1 2025 | $3.32 | +$11.10 |
| Q4 2024 | $1.83 | +$12.07 |
ROOT 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.
ROOT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $381.3M | -1.7% |
| Q2 2026 | $389.2M | +1.6% |
| Q1 2026 | $393.5M | +13% |
| Q4 2025 | $397M | +22% |
| Q3 2025 | $387.8M | +27% |
| Q2 2025 | $382.9M | +32% |
| Q1 2025 | $349.4M | +37% |
| Q4 2024 | $326.7M | +68% |
ROOT's revenue is growing: $381M last quarter, down 1.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.8% | +4.7 points |
| Q2 2026 | 8.9% | +1.8 points |
| Q1 2026 | 10% | +3.6 points |
| Q4 2025 | 2.6% | -8 points |
| Q3 2025 | 0.1% | -11 points |
| Q2 2025 | 7.1% | +5.8 points |
| Q1 2025 | 6.8% | +4.7 points |
| Q4 2024 | 11% | +17 points |
ROOT 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.
ROOT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $57.5M | +11% |
| Q1 2026 | $9.3M | -65% |
| Q4 2025 | $70.1M | +1.3% |
| Q3 2025 | $57.6M | +17% |
| Q2 2025 | $52M | -17% |
| Q1 2025 | $26.8M | +87% |
| Q4 2024 | $69.2M | +50% |
| Q3 2024 | $49.4M | +238% |
ROOT 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 | — |
ROOT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -200K shares |
| 1 year | +9.1% | +1.4M shares |
| 3 years | +16% | +2.3M shares |
| 5 years | +21% | +2.9M shares |
| Available history | +48% | +5.4M shares |
ROOT has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15.5M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
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.
ROOT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.4x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -4.3x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -4.6x | Net Cash |
| Q2 2025 | -3.3x | Net Cash |
| Q1 2025 | -3.7x | Net Cash |
| Q4 2024 | -4.3x | Net Cash |
ROOT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like ROOT.
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).
ROOT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 17.5 | Oversold |
ROOT's weekly RSI is 37 (neutral) and its Stochastic is 17 (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.
ROOT PE vs Financial Services Sector
| Metric | ROOT | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 13x | 30% below |
| PE % | 1 | 61 | 60 pts below |
ROOT is trading at 9.1x earnings, a 30% 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 the edge over ROOT on trend strength, trading above more of its moving averages.
ROOT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.1 | 9.3% below |
| 20 week MA | $52.9 | 18% below |
| 50 week MA | $56.4 | 23% below |
| 100 week MA | $82.9 | 47% below |
| 200 week MA | $56.1 | 22% below |
ROOT is in a downtrend: it's below all five of its weekly moving averages, and 22% below its 200-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.
ROOT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $431.5 | $309.1 | -28% |
| 2021 | $309.1 | $58.3 | -81% |
| 2022 | $58.3 | $4.64 | -92% |
| 2023 | $4.64 | $10.5 | +126% |
| 2024 | $10.5 | $73.0 | +597% |
| 2025 | $73.0 | $73.2 | +0.3% |
| 2026 YTD | $73.2 | $43.6 | -40% |
ROOT has the edge over IREN on returns for 2026, with the stronger performance.