IREN
IREN Limited
There isn't enough reported data to score IREN yet.
VAI
Valor Energy Inc.
There isn't enough reported data to score VAI 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.
VAI Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
VAI's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like VAI.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
VAI PE Valuation
VAI 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.
VAI Forward outlook
There aren't enough analyst estimates for VAI 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.
VAI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$8.23 | -$5.18 |
| Q1 2026 | -$1.97 | +$1.53 |
| Q4 2025 | -$3.16 | +$0.04 |
| Q3 2025 | -$2.78 | +$0.92 |
| Q2 2025 | -$3.05 | +$1.15 |
| Q1 2025 | -$3.50 | +$0.60 |
| Q4 2024 | -$3.20 | +$1.50 |
| Q3 2024 | -$3.70 | +$1.30 |
VAI has the edge over IREN on earnings, with more consistent year-over-year improvement.
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 VAI on sales, with more consistent year-over-year improvement.
| 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 has the edge over VAI on profitability, with a higher operating margin.
VAI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $360.9K | -58% |
| Q1 2026 | $326.5K | -61% |
| Q4 2025 | $358.7K | -61% |
| Q3 2025 | $936.3K | +26% |
| Q2 2025 | $860.1K | -23% |
| Q1 2025 | $844.3K | -34% |
| Q4 2024 | $919.8K | -43% |
| Q3 2024 | $745.9K | -59% |
VAI's revenue has slid since its 2019 peak: $360,889 last quarter, down 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -175% | -104 points |
| Q1 2026 | -224% | -14 points |
| Q4 2025 | -306% | -229 points |
| Q3 2025 | -81% | +1.6 points |
| Q2 2025 | -71% | -0.4 points |
| Q1 2025 | -210% | -86 points |
| Q4 2024 | -77% | -10 points |
| Q3 2024 | -83% | -12 points |
VAI's operating margin was −175% last quarter, down 104 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 |
VAI has the stronger cash trend. Its trailing FCF is up 89% versus its history, compared with IREN at down 479%.
VAI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2025 | -$48.1K | +$227.7K |
| Q4 2024 | $355.7K | +$474.5K |
| Q3 2024 | $175.6K | +$270.6K |
| Q2 2024 | $15.6K | +$190.4K |
| Q1 2024 | -$275.8K | -174% |
| Q4 2023 | -$118.8K | +$1.4M |
| Q3 2023 | -$95K | -$91.7K |
| Q2 2023 | -$174.8K | -134% |
VAI's free cash flow was −$460,400 over the past year, against −$474,067 the year before. Free cash flow isn't a meaningful measure for financial services companies like VAI.
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 the edge over VAI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
VAI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +43% | +1.5M shares |
| 1 year | +385% | +4.1M shares |
| 3 years | +610% | +4.4M shares |
| 5 years | +1065% | +4.7M shares |
| Available history | +1709% | +4.8M shares |
VAI has 5M diluted shares, up 385% from a year ago.
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.
VAI 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).
VAI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.0 | Neutral |
| Stochastic | 53.0 | Neutral |
VAI's weekly RSI is 58 (neutral) and its Stochastic is 53 (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.
VAI PE vs Financial Services Sector
VAI 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 fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
VAI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.28 | 2.6% below |
| 20 week MA | $1.89 | 17% above |
| 50 week MA | $1.51 | 47% above |
| 100 week MA | $3.62 | 39% below |
| 200 week MA | $5.64 | 61% below |
VAI 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.
VAI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.0 | $104.0 | +63% |
| 2021 | $104.0 | $41.5 | -60% |
| 2022 | $41.5 | $9.20 | -78% |
| 2023 | $9.20 | $4.10 | -55% |
| 2024 | $4.10 | $9.80 | +139% |
| 2025 | $9.80 | $1.10 | -89% |
| 2026 YTD | $1.10 | $2.22 | +102% |
VAI has the edge over IREN on returns for 2026, with the stronger performance.