IREN
IREN Limited
There isn't enough reported data to score IREN yet.
SRL
Scully Royalty Ltd.
There isn't enough reported data to score SRL 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.
SRL Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Unavailable | |
| N/A | |
| N/A |
There isn't enough reported data to rate SRL's fundamentals.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
SRL PE Valuation
SRL 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.
SRL Forward outlook
There aren't enough analyst estimates for SRL 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.
SRL Earnings Per Share
SRL and IREN do not have enough comparable growth data to identify a winner.
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 has the edge over SRL in the latest year-over-year revenue comparison.
| 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.
SRL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $13.5M | +5% |
| Q4 2024 | $12.6M | -36% |
| Q2 2024 | $12.8M | -30% |
| Q4 2023 | $19.6M | +0.1% |
| Q2 2023 | $18.3M | -29% |
| Q4 2022 | $19.6M | +12% |
| Q2 2022 | $25.7M | -21% |
| Q4 2021 | $17.4M | -12% |
SRL's revenue has slid since its 2016 peak: $13M last quarter, down 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | 4.3% | -16 points |
| Q4 2024 | -30% | -24 points |
| Q2 2024 | 14% | -11 points |
| Q4 2023 | 25% | +16 points |
| Q2 2023 | 21% | -14 points |
| Q4 2022 | -6.3% | -36 points |
| Q2 2022 | 25% | +8.3 points |
| Q4 2021 | 8.9% | +14 points |
SRL's operating margin was 4.3% last quarter, down 16 points from the same quarter a year ago.
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.
SRL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2025 | $2.4M | +$13.7M |
| Q4 2024 | -$10.9M | -$9.5M |
| Q2 2024 | -$11.3M | -206% |
| Q4 2023 | -$1.5M | -127% |
| Q2 2023 | $10.6M | +112% |
| Q4 2022 | $5.6M | +$6.9M |
| Q2 2022 | $5M | +$9.1M |
| Q4 2021 | -$1.3M | +$7.4M |
SRL's free cash flow was −$21M over the past year, against $20M the year before. Free cash flow isn't a meaningful measure for financial services companies like SRL.
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 | — |
SRL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +125K shares |
| 1 year | +0.8% | +125K shares |
| 3 years | +19% | +2.4M shares |
SRL has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
| Q4 2023 | — |
| Q2 2023 | — |
| Q4 2022 | — |
| Q2 2022 | — |
| Q4 2021 | — |
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.
SRL Net Leverage
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).
SRL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 23.1 | Oversold |
| Stochastic | 2.0 | Oversold |
SRL's weekly RSI is 23 (oversold) and its Stochastic is 2 (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.
SRL PE vs Financial Services Sector
| Metric | SRL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
SRL 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 the edge over SRL on trend strength, trading above more of its moving averages.
SRL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.60 | 17% below |
| 20 week MA | $5.17 | 26% below |
| 50 week MA | $6.50 | 42% below |
| 100 week MA | $6.61 | 43% below |
| 200 week MA | $6.77 | 44% below |
SRL is in a downtrend: it's below all five of its weekly moving averages, and 44% 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.
SRL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $4.25 | -58% |
| 2021 | $4.25 | $9.50 | +124% |
| 2022 | $9.50 | $7.66 | -19% |
| 2023 | $7.66 | $6.10 | -20% |
| 2024 | $6.10 | $6.66 | +9.2% |
| 2025 | $6.66 | $7.10 | +6.6% |
| 2026 YTD | $7.10 | $3.80 | -46% |
SRL has the edge over IREN on returns for 2026, with the stronger performance.