IREN
IREN Limited
There isn't enough reported data to score IREN yet.
THFF
First Financial Corporation
THFF's fundamentals are strong: its operating margin rose 3 points to 40% and revenue grew 13%. At 10x earnings, it's trading right at its usual valuation. 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.
THFF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
THFF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like THFF.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
THFF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.8x | $59.78 | -22% |
| Forward | 9.4x | $76.99 | — |
| Fair | 9.7x | $75.07 | -2.5% |
| Current | 10x | $76.99 | — |
| Expensive | 11x | $86.61 | +13% |
Historical ranges are pointers, not guarantees.
THFF's PE is in its fair range at 10x. If earnings grow as analysts expect, today's price would be 9.4x next year's earnings.
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.
THFF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for THFF, but weaker profitability.
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.
THFF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.19 | +6.3% |
| Q3 2026 | $7.70 | +23% |
| Q2 2026 | $7.14 | +37% |
| Q1 2026 | $6.80 | +47% |
| Q4 2025 | $6.68 | +67% |
| Q3 2025 | $6.24 | +70% |
| Q2 2025 | $5.23 | +21% |
| Q1 2025 | $4.62 | -1.3% |
| Q4 2024 | $4.00 | -21% |
THFF 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.
THFF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $75M | +14% |
| Q2 2026 | $71.9M | +14% |
| Q1 2026 | $68.2M | +9.1% |
| Q4 2025 | $70.6M | +14% |
| Q3 2025 | $65.8M | +13% |
| Q2 2025 | $63.1M | +28% |
| Q1 2025 | $62.5M | +29% |
| Q4 2024 | $61.8M | +22% |
THFF's revenue has grown year over year for nine quarters in a row: $75M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +6.8 points |
| Q2 2026 | 39% | +2.8 points |
| Q1 2026 | 36% | -1.8 points |
| Q4 2025 | 37% | +5 points |
| Q3 2025 | 39% | +21 points |
| Q2 2025 | 36% | +8.6 points |
| Q1 2025 | 38% | +11 points |
| Q4 2024 | 32% | +4.7 points |
THFF 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.
THFF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $34.9M | +36% |
| Q2 2026 | $16.8M | +45% |
| Q1 2026 | $21.9M | +7% |
| Q4 2025 | $28.6M | +93% |
| Q3 2025 | $25.8M | +32% |
| Q2 2025 | $11.6M | +37% |
| Q1 2025 | $20.5M | +79% |
| Q4 2024 | $14.8M | -21% |
THFF 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 | — |
THFF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.3% | +41K shares |
| 3 years | -0.1% | -9K shares |
| 5 years | -11% | -1.5M shares |
| Available history | -7.6% | -973K shares |
THFF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $332,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $795,000 |
| Q4 2024 | — |
THFF has spent almost nothing on buybacks in the past year.
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.
THFF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | -1.0x | Net Cash |
THFF's net debt is about 1.4 years of its operating earnings (EBITDA), up from less than a year a year ago. Net leverage isn't a meaningful measure for financial services companies like THFF.
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).
THFF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 39.3 | Neutral |
THFF's weekly RSI is 57 (neutral) and its Stochastic is 39 (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.
THFF PE vs Financial Services Sector
| Metric | THFF | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 23% below |
| PE % | 58 | 63 | 5 pts below |
THFF is trading at 10x earnings, a 23% 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 fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
THFF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.5 | 2% above |
| 20 week MA | $77.3 | 0.4% below |
| 50 week MA | $70.4 | 9.4% above |
| 100 week MA | $61.2 | 26% above |
| 200 week MA | $50.1 | 54% above |
THFF 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.
THFF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.9 | $39.1 | -15% |
| 2021 | $39.1 | $45.0 | +15% |
| 2022 | $45.0 | $46.4 | +3% |
| 2023 | $46.4 | $43.0 | -7.2% |
| 2024 | $43.0 | $46.6 | +8.3% |
| 2025 | $46.6 | $62.0 | +33% |
| 2026 YTD | $62.0 | $77.0 | +24% |
THFF has the edge over IREN on returns for 2026, with the stronger performance.