IREN
IREN Limited
There isn't enough reported data to score IREN yet.
SAMG
Silvercrest Asset Management Group Inc.
SAMG's fundamentals are weak and it looks expensive: trading at 93x earnings, about six times its usual 14x. Its downside scenario is about four times its upside.
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.
SAMG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
SAMG's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SAMG.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
SAMG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $1.11 | -90% |
| Fair | 14x | $1.71 | -85% |
| Expensive | 21x | $2.57 | -77% |
| Current | 93x | $11.17 | — |
Historical ranges are pointers, not guarantees.
SAMG's PE is in its expensive range at 93x.
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.
SAMG Forward outlook
There aren't enough analyst estimates for SAMG to show an outlook.
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.
SAMG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.12 | -83% |
| Q2 2026 | $0.11 | -88% |
| Q1 2026 | $0.30 | -68% |
| Q4 2025 | $0.53 | -48% |
| Q3 2025 | $0.71 | -11% |
| Q2 2025 | $0.88 | -2.2% |
| Q1 2025 | $0.95 | 0% |
| Q4 2024 | $1.01 | +5.2% |
SAMG 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.
SAMG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.7M | +4.5% |
| Q2 2026 | $30.8M | +0.4% |
| Q1 2026 | $31.4M | 0% |
| Q4 2025 | $32M | 0% |
| Q3 2025 | $31.3M | +2.9% |
| Q2 2025 | $30.7M | -1% |
| Q1 2025 | $31.4M | +3.7% |
| Q4 2024 | $32M | +12% |
SAMG's revenue grew through 2023 and has held roughly level since: $33M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.8% | +1.5 points |
| Q2 2026 | 3.1% | -10 points |
| Q1 2026 | 4% | -11 points |
| Q4 2025 | -2.8% | -8.9 points |
| Q3 2025 | 4.3% | -10 points |
| Q2 2025 | 13% | -4 points |
| Q1 2025 | 15% | -4.1 points |
| Q4 2024 | 6.1% | +9.5 points |
SAMG 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.
SAMG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.5M | -24% |
| Q2 2026 | $13.4M | +0.5% |
| Q1 2026 | -$31.3M | -$6.2M |
| Q4 2025 | $12.9M | -19% |
| Q2 2025 | $13.4M | -14% |
| Q1 2025 | -$25.1M | -$425K |
| Q4 2024 | $16M | +13% |
| Q2 2024 | $15.6M | +11% |
SAMG 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 | — |
SAMG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.7% | +130K shares |
| 1 year | -6.2% | -521K shares |
| 3 years | -16% | -1.5M shares |
| 5 years | -19% | -1.8M shares |
| Available history | -15% | -1.3M shares |
SAMG has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $1.9M |
| Q4 2025 | $7M |
| Q3 2025 | $4.5M |
| Q2 2025 | $15.1M |
| Q1 2025 | $3.9M |
| Q4 2024 | $3.3M |
SAMG spent $9M buying back its own shares over the past year, down 67% 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.
SAMG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.2x | Net Cash |
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.2x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q1 2024 | -1.7x | Net Cash |
SAMG has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like SAMG.
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).
SAMG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 82.3 | Overbought |
SAMG's weekly RSI is 51 (neutral) and its Stochastic is 82 (overbought).
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.
SAMG PE vs Financial Services Sector
| Metric | SAMG | Sector median | Relative |
|---|---|---|---|
| PE | 93x | 13x | 615% above |
| PE % | 99 | 63 | 36 pts above |
SAMG is trading at 93x earnings, a 615% premium 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.
SAMG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 5.4% above |
| 20 week MA | $10.3 | 8.2% above |
| 50 week MA | $12.4 | 9.8% below |
| 100 week MA | $14.2 | 21% below |
| 200 week MA | $15.7 | 29% below |
SAMG 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.
SAMG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.4 | $14.1 | +14% |
| 2021 | $14.1 | $16.7 | +19% |
| 2022 | $16.7 | $18.2 | +8.9% |
| 2023 | $18.2 | $17.0 | -6.5% |
| 2024 | $17.0 | $18.4 | +8.1% |
| 2025 | $18.4 | $15.2 | -17% |
| 2026 YTD | $15.2 | $11.2 | -27% |
SAMG has the edge over IREN on returns for 2026, with the stronger performance.