IREN
IREN Limited
There isn't enough reported data to score IREN yet.
TIPT
Tiptree Inc.
There isn't enough reported data to score TIPT 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.
TIPT Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| N/A | |
| N/A |
TIPT's profitability is currently healthy. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like TIPT.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
TIPT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.6x | $17.52 | — |
| Cheap | 8.4x | $92.06 | +425% |
| Fair | 18x | $198 | +1029% |
| Expensive | 30x | $328 | +1775% |
Historical ranges are pointers, not guarantees.
TIPT's PE is 1.6x, but its earnings don't support one, so it isn't a reliable read right now.
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.
TIPT Forward outlook
There aren't enough analyst estimates for TIPT 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.
TIPT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $10.91 | +883% |
| Q2 2026 | $10.90 | +758% |
| Q1 2026 | $0.97 | -20% |
| Q4 2025 | $0.76 | -42% |
| Q3 2025 | $1.11 | +13% |
| Q2 2025 | $1.27 | +74% |
| Q1 2025 | $1.21 | +109% |
| Q4 2024 | $1.30 | +294% |
TIPT 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 has the stronger quarterly revenue trend. Revenue is down 5.1% for IREN versus down 100% for TIPT.
| 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.
TIPT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $540.3M | +9.3% |
| Q2 2025 | $528.8M | -3.3% |
| Q1 2025 | $497.4M | -0.2% |
| Q4 2024 | $503.6M | +13% |
| Q3 2024 | $494.4M | +19% |
| Q2 2024 | $546.7M | +35% |
| Q1 2024 | $498.2M | +31% |
| Q4 2023 | $446.4M | +21% |
TIPT's revenue has slid since its 2024 peak: $0 last quarter, down 100% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2025 | 7.1% | -0.4 points |
| Q2 2025 | 10% | +2.5 points |
| Q1 2025 | 5.1% | -0.9 points |
| Q4 2024 | 8.4% | +1.6 points |
| Q3 2024 | 7.4% | +2.4 points |
| Q2 2024 | 7.4% | +1.6 points |
| Q1 2024 | 6% | +3.8 points |
| Q4 2023 | 6.7% | 0 points |
TIPT's operating margin was 7.1% last quarter, about level with 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.
TIPT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$182.1M | -237% |
| Q2 2026 | $53M | +164% |
| Q1 2026 | -$18.2M | +$16.3M |
| Q4 2025 | $49.2M | -28% |
| Q3 2025 | $133.4M | +120% |
| Q2 2025 | $20.1M | -56% |
| Q1 2025 | -$34.4M | -156% |
| Q4 2024 | $68.2M | +$91.8M |
TIPT has the edge over IREN on cash flow, with more consistent year-over-year improvement.
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 | — |
TIPT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +287K shares |
| 1 year | -2.1% | -796K shares |
| 3 years | +0.3% | +104K shares |
| 5 years | +11% | +3.7M shares |
| Available history | +9.8% | +3.4M shares |
TIPT has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | $73,000 |
| Q3 2022 | $718,000 |
| Q2 2022 | $936,000 |
| Q1 2022 | — |
| Q4 2021 | $5.3M |
| Q3 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.
TIPT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.6x | Very low |
| Q3 2024 | -0.1x | Net Cash |
| Q2 2024 | -0.8x | Net Cash |
| Q1 2024 | -0.5x | Net Cash |
| Q4 2023 | -0.6x | Net Cash |
TIPT's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like TIPT.
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).
TIPT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.9 | Neutral |
| Stochastic | 46.4 | Neutral |
TIPT's weekly RSI is 50 (neutral) and its Stochastic is 46 (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.
TIPT PE vs Financial Services Sector
| Metric | TIPT | Sector median | Relative |
|---|---|---|---|
| PE | 1.6x | 13x | 88% below |
| PE % | 2 | 63 | 61 pts below |
TIPT is trading at 1.6x earnings, a 88% discount to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
TIPT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.1 | 2.6% above |
| 20 week MA | $17.7 | 0.7% below |
| 50 week MA | $17.5 | 0.2% above |
| 100 week MA | $19.3 | 9.3% below |
| 200 week MA | $18.2 | 3.7% below |
TIPT 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.
TIPT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.04 | $5.00 | -38% |
| 2021 | $5.00 | $13.7 | +174% |
| 2022 | $13.7 | $14.3 | +4.3% |
| 2023 | $14.3 | $19.0 | +33% |
| 2024 | $19.0 | $20.7 | +9.2% |
| 2025 | $20.7 | $18.1 | -13% |
| 2026 YTD | $18.1 | $17.5 | -3.3% |
TIPT has the edge over IREN on returns for 2026, with the stronger performance.