IREN
IREN Limited
There isn't enough reported data to score IREN yet.
WABC
Westamerica Bancorporation
WABC's fundamentals are mixed: earnings per share grew only 1.1%, but its operating margin fell 2 points to 59%. At 13x 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.
WABC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
WABC'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 WABC.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
WABC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $40.14 | -33% |
| Forward | 12x | $59.64 | — |
| Fair | 13x | $60.53 | +1.5% |
| Current | 13x | $59.64 | — |
| Expensive | 19x | $89.76 | +51% |
Historical ranges are pointers, not guarantees.
WABC's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 12x 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.
WABC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WABC'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.
WABC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.89 | +5.5% |
| Q3 2026 | $4.64 | +1.1% |
| Q2 2026 | $4.54 | -5% |
| Q1 2026 | $4.49 | -10% |
| Q4 2025 | $4.52 | -13% |
| Q3 2025 | $4.59 | -16% |
| Q2 2025 | $4.78 | -17% |
| Q1 2025 | $4.99 | -16% |
| Q4 2024 | $5.20 | -14% |
WABC 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 WABC 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.
WABC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.1M | +0.5% |
| Q2 2026 | $62.8M | -2.8% |
| Q1 2026 | $62.1M | -6.5% |
| Q4 2025 | $63.3M | -9% |
| Q3 2025 | $63.7M | -14% |
| Q2 2025 | $64.6M | -13% |
| Q1 2025 | $66.4M | -12% |
| Q4 2024 | $69.6M | -13% |
WABC's revenue has slid since its 2023 peak: $64M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 59% | -0.5 points |
| Q2 2026 | 59% | -2 points |
| Q1 2026 | 59% | -4.3 points |
| Q4 2025 | 60% | -3.1 points |
| Q3 2025 | 60% | -5 points |
| Q2 2025 | 60% | -4.3 points |
| Q1 2025 | 63% | -2.2 points |
| Q4 2024 | 63% | -5.4 points |
WABC 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.
WABC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33M | +15% |
| Q2 2026 | $15.2M | -33% |
| Q1 2026 | $38.7M | -8.2% |
| Q4 2025 | $25.9M | -11% |
| Q3 2025 | $28.7M | -28% |
| Q2 2025 | $22.8M | +23% |
| Q1 2025 | $42.2M | -19% |
| Q4 2024 | $29.1M | +$37.4M |
WABC 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 | — |
WABC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -196K shares |
| 1 year | -8.8% | -2.2M shares |
| 3 years | -13% | -3.5M shares |
| 5 years | -14% | -3.8M shares |
| Available history | -14% | -3.9M shares |
WABC has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.9M |
| Q2 2026 | $41.5M |
| Q1 2026 | $51M |
| Q4 2025 | $23.3M |
| Q3 2025 | $23.9M |
| Q2 2025 | $38.3M |
| Q1 2025 | $18.2M |
| Q4 2024 | — |
WABC spent $119M buying back its own shares over the past year, up 48% 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.
WABC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | -2.6x | Net Cash |
| Q3 2025 | -3.1x | Net Cash |
| Q2 2025 | -2.9x | Net Cash |
| Q1 2025 | -3.2x | Net Cash |
| Q4 2024 | -2.4x | Net Cash |
WABC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like WABC.
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).
WABC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.9 | Neutral |
| Stochastic | 63.1 | Neutral |
WABC's weekly RSI is 55 (neutral) and its Stochastic is 63 (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.
WABC PE vs Financial Services Sector
| Metric | WABC | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 1.3% below |
| PE % | 47 | 63 | 16 pts below |
WABC is trading at 13x earnings, in line with 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.
WABC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.2 | 1% below |
| 20 week MA | $59.8 | 0.3% below |
| 50 week MA | $55.4 | 7.7% above |
| 100 week MA | $52.3 | 14% above |
| 200 week MA | $50.4 | 18% above |
WABC 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.
WABC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $67.9 | $54.2 | -20% |
| 2021 | $54.2 | $56.9 | +4.9% |
| 2022 | $56.9 | $58.6 | +3% |
| 2023 | $58.6 | $56.4 | -3.7% |
| 2024 | $56.4 | $52.5 | -6.9% |
| 2025 | $52.5 | $49.1 | -6.5% |
| 2026 YTD | $49.1 | $59.6 | +21% |
WABC has the edge over IREN on returns for 2026, with the stronger performance.