IREN
IREN Limited
There isn't enough reported data to score IREN yet.
SEZL
Sezzle Inc.
SEZL's fundamentals are strong: revenue grew 39% and its operating margin rose 5 points to 42%. At 30x earnings, it's trading above its usual 26x. Analysts expect that strong growth to continue.
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.
SEZL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
SEZL's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like SEZL.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
SEZL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 20x | $102 | -34% |
| Forward | 23x | $155 | — |
| Fair | 26x | $137 | -11% |
| Current | 30x | $155 | — |
| Expensive | 39x | $201 | +30% |
Historical ranges are pointers, not guarantees.
SEZL's PE is in its expensive range at 30x. If earnings grow as analysts expect, today's price would be 23x next year's earnings, 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.
SEZL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
SEZL 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 swung to a loss: it lost $3.96 per share over the past year, after a profit the year before.
SEZL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.68 | +28% |
| Q3 2026 | $5.21 | +61% |
| Q2 2026 | $4.58 | +57% |
| Q1 2026 | $4.19 | +42% |
| Q4 2025 | $3.72 | +70% |
| Q3 2025 | $3.24 | +106% |
| Q2 2025 | $2.92 | +150% |
| Q1 2025 | $2.96 | +679% |
| Q4 2024 | $2.19 | +3.3% |
SEZL 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.
SEZL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $166.5M | +43% |
| Q2 2026 | $149.7M | +52% |
| Q1 2026 | $135.5M | +29% |
| Q4 2025 | $129.9M | +32% |
| Q3 2025 | $116.8M | +67% |
| Q2 2025 | $98.7M | +76% |
| Q1 2025 | $104.9M | +123% |
| Q4 2024 | $98.2M | +101% |
SEZL's revenue has grown year over year every quarter since late 2020: $167M last quarter, up 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +8.1 points |
| Q2 2026 | 37% | +0.2 points |
| Q1 2026 | 51% | +3.4 points |
| Q4 2025 | 43% | +11 points |
| Q3 2025 | 30% | +0.7 points |
| Q2 2025 | 37% | +6.7 points |
| Q1 2025 | 48% | +18 points |
| Q4 2024 | 31% | +16 points |
SEZL 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.
SEZL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $86.5M | +163% |
| Q2 2026 | $51.8M | +$88.6M |
| Q1 2026 | $88.6M | +51% |
| Q4 2025 | $70.6M | +7426% |
| Q3 2025 | $32.9M | +478% |
| Q2 2025 | -$36.7M | -$32.3M |
| Q1 2025 | $58.8M | +52% |
| Q4 2024 | $937.7K | +$16M |
SEZL 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 | — |
SEZL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +29K shares |
| 1 year | -2.6% | -922K shares |
| 3 years | +1.1% | +375K shares |
SEZL has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.6M |
| Q2 2026 | $7.1M |
| Q1 2026 | $25.7M |
| Q4 2025 | $30M |
| Q3 2025 | $4M |
| Q2 2025 | $28.2M |
| Q1 2025 | $2.4M |
| Q4 2024 | $1.5M |
SEZL spent $69M buying back its own shares over the past year, up 92% 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.
SEZL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | 0.4x | Very low |
SEZL's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like SEZL.
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).
SEZL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 53.9 | Neutral |
SEZL's weekly RSI is 64 (neutral) and its Stochastic is 54 (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.
SEZL PE vs Financial Services Sector
| Metric | SEZL | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 13x | 128% above |
| PE % | 68 | 45 | 23 pts above |
SEZL is trading at 30x earnings, a 128% 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 |
SEZL has stronger trend alignment. IREN is above 1 of 5 weekly averages versus SEZL above 4 of 4.
SEZL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.8 | 18% above |
| 20 week MA | $136.9 | 13% above |
| 50 week MA | $105.3 | 47% above |
| 100 week MA | $91.7 | 69% above |
SEZL is in an uptrend: it's above all four of its weekly moving averages, and 69% above its 100-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.
SEZL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $1.23 | $3.42 | +178% |
| 2024 | $3.42 | $44.2 | +1192% |
| 2025 | $44.2 | $70.5 | +60% |
| 2026 YTD | $70.5 | $154.7 | +119% |
SEZL has the edge over IREN on returns for 2026, with the stronger performance.