IREN
IREN Limited
There isn't enough reported data to score IREN yet.
UNTY
Unity Bancorp, Inc.
UNTY's fundamentals are mixed, but it looks expensive: trading at 9.7x earnings, above its usual 8.4x. 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.
UNTY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
UNTY's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like UNTY.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
UNTY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $41.11 | -30% |
| Fair | 8.4x | $50.62 | -13% |
| Forward | 9.3x | $58.34 | — |
| Current | 9.7x | $58.34 | — |
| Expensive | 10x | $60.94 | +4.5% |
Historical ranges are pointers, not guarantees.
UNTY's PE is in its expensive range at 9.7x. If earnings grow as analysts expect, today's price would be 9.3x 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.
UNTY Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for UNTY, with profitability holding steady.
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.
UNTY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.27 | +3.7% |
| Q3 2026 | $6.04 | +14% |
| Q2 2026 | $5.75 | +16% |
| Q1 2026 | $5.94 | +39% |
| Q4 2025 | $5.67 | +40% |
| Q3 2025 | $5.28 | +36% |
| Q2 2025 | $4.94 | +30% |
| Q1 2025 | $4.26 | +12% |
| Q4 2024 | $4.06 | +5.7% |
UNTY 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.
UNTY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $36.7M | +12% |
| Q2 2026 | $33.7M | -1.8% |
| Q1 2026 | $33.6M | +14% |
| Q4 2025 | $35.3M | +24% |
| Q3 2025 | $32.8M | +19% |
| Q2 2025 | $34.4M | +35% |
| Q1 2025 | $29.4M | +15% |
| Q4 2024 | $28.4M | +6.8% |
UNTY's revenue is growing: $37M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 55% | -2.9 points |
| Q2 2026 | 55% | -7.4 points |
| Q1 2026 | 55% | +2.5 points |
| Q4 2025 | 56% | +4.8 points |
| Q3 2025 | 57% | +4.8 points |
| Q2 2025 | 63% | +13 points |
| Q1 2025 | 53% | +2.5 points |
| Q4 2024 | 51% | +2 points |
UNTY 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.
UNTY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $48.2M | +6.3% |
| Q2 2026 | -$38.8M | -$13.3M |
| Q1 2026 | $14.5M | -18% |
| Q4 2025 | $6.9M | -69% |
| Q3 2025 | $45.3M | +159% |
| Q2 2025 | -$25.5M | -$16.9M |
| Q1 2025 | $17.6M | +12% |
| Q4 2024 | $22.7M | -8.3% |
UNTY 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 | — |
UNTY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +12K shares |
| 1 year | 0% | -- |
| 3 years | -0.2% | -25K shares |
| 5 years | -2.6% | -274K shares |
| Available history | -7.2% | -796K shares |
UNTY has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $324,000 |
| Q4 2025 | $3.1M |
| Q3 2025 | — |
| Q4 2024 | $11,000 |
| Q3 2024 | $281,000 |
| Q2 2024 | $1.8M |
UNTY spent $3M buying back its own shares over 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.
UNTY 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).
UNTY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.6 | Neutral |
| Stochastic | 48.4 | Neutral |
UNTY's weekly RSI is 55 (neutral) and its Stochastic is 48 (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.
UNTY PE vs Financial Services Sector
| Metric | UNTY | Sector median | Relative |
|---|---|---|---|
| PE | 9.7x | 13x | 26% below |
| PE % | 75 | 63 | 12 pts above |
UNTY is trading at 9.7x earnings, a 26% 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.
UNTY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.6 | 3% above |
| 20 week MA | $58.0 | 0.6% above |
| 50 week MA | $55.4 | 5.3% above |
| 100 week MA | $50.9 | 15% above |
| 200 week MA | $39.7 | 47% above |
UNTY 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.
UNTY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.7 | $17.3 | -24% |
| 2021 | $17.3 | $25.3 | +47% |
| 2022 | $25.3 | $27.4 | +8% |
| 2023 | $27.4 | $29.6 | +8.2% |
| 2024 | $29.6 | $43.3 | +46% |
| 2025 | $43.3 | $52.5 | +21% |
| 2026 YTD | $52.5 | $58.3 | +11% |
UNTY has the edge over IREN on returns for 2026, with the stronger performance.