IREN
IREN Limited
There isn't enough reported data to score IREN yet.
VOYA
Voya Financial, Inc.
VOYA's fundamentals are mixed, but it looks expensive: trading at 16x earnings, above its usual 12x. Analysts expect strong 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.
VOYA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
VOYA's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like VOYA.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
VOYA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.7x | $47.81 | -53% |
| Forward | 9.4x | $102 | — |
| Fair | 12x | $73.20 | -28% |
| Expensive | 15x | $93.42 | -8.6% |
| Current | 16x | $102 | — |
Historical ranges are pointers, not guarantees.
VOYA's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 9.4x next year's earnings, in its cheap range.
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.
VOYA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect VOYA's earnings to grow and its profitability to improve, with its revenue 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.
VOYA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.92 | +76% |
| Q3 2026 | $6.22 | +6% |
| Q2 2026 | $5.93 | +17% |
| Q1 2026 | $6.62 | +24% |
| Q4 2025 | $6.29 | +1.9% |
| Q3 2025 | $5.87 | -6.4% |
| Q2 2025 | $5.05 | -33% |
| Q1 2025 | $5.35 | -24% |
| Q4 2024 | $6.17 | +14% |
VOYA 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 edge over VOYA 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's operating margin was −82% last quarter, down 50 points from the same quarter a year ago.
VOYA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | -4.8% |
| Q2 2026 | $1.9B | -4.3% |
| Q1 2026 | $2B | +3.1% |
| Q4 2025 | $2.1B | +5% |
| Q3 2025 | $2.1B | +8.8% |
| Q2 2025 | $2B | -2.6% |
| Q1 2025 | $2B | -4% |
| Q4 2024 | $2B | +11% |
VOYA's revenue fell from its 2021 peak and has held roughly level since: $2B last quarter, down 4.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.3 points |
| Q2 2026 | 1.8% | -7.7 points |
| Q1 2026 | 11% | +2.5 points |
| Q4 2025 | 8% | +2 points |
| Q3 2025 | 14% | +8.5 points |
| Q2 2025 | 9.5% | -4.1 points |
| Q1 2025 | 8.8% | -5.2 points |
| Q4 2024 | 6% | +0.4 points |
VOYA 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.
VOYA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $644M | +283% |
| Q2 2026 | $503M | -32% |
| Q1 2026 | -$36M | +$143M |
| Q4 2025 | $557M | +605% |
| Q3 2025 | $168M | -77% |
| Q2 2025 | $742M | +135% |
| Q1 2025 | -$179M | -177% |
| Q4 2024 | $79M | -78% |
VOYA 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 | — |
VOYA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -5.2% | -5.1M shares |
| 3 years | -15% | -16.1M shares |
| 5 years | -25% | -30.1M shares |
| Available history | -37% | -54.7M shares |
VOYA has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100M |
| Q2 2026 | $150M |
| Q1 2026 | $150M |
| Q4 2025 | $100M |
| Q3 2025 | $100M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $120M |
VOYA spent $500M buying back its own shares over the past year, up 127% from the year before.
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.
VOYA 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).
VOYA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.9 | Neutral |
| Stochastic | 55.4 | Neutral |
VOYA's weekly RSI is 65 (neutral) and its Stochastic is 55 (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.
VOYA PE vs Financial Services Sector
| Metric | VOYA | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 26% above |
| PE % | 91 | 63 | 28 pts above |
VOYA is trading at 16x earnings, a 26% premium 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.
VOYA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.2 | 5.2% above |
| 20 week MA | $99.0 | 3.3% above |
| 50 week MA | $85.5 | 20% above |
| 100 week MA | $77.6 | 32% above |
| 200 week MA | $74.9 | 37% above |
VOYA 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.
VOYA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.5 | $57.4 | -5.1% |
| 2021 | $57.4 | $67.6 | +18% |
| 2022 | $67.6 | $61.9 | -8.5% |
| 2023 | $61.9 | $73.0 | +18% |
| 2024 | $73.0 | $68.6 | -6% |
| 2025 | $68.6 | $75.1 | +9.5% |
| 2026 YTD | $75.1 | $102.2 | +36% |
VOYA has the edge over IREN on returns for 2026, with the stronger performance.