IREN
IREN Limited
There isn't enough reported data to score IREN yet.
WD
Walker & Dunlop, Inc.
WD lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
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.
WD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
WD's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like WD.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
WD PE Valuation
WD 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.
WD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect WD'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.
WD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.88 | — |
| Q3 2026 | -$1.01 | -130% |
| Q2 2026 | $1.12 | -65% |
| Q1 2026 | $2.02 | -31% |
| Q4 2025 | $1.64 | -49% |
| Q3 2025 | $3.37 | +20% |
| Q2 2025 | $3.24 | +25% |
| Q1 2025 | $2.92 | +6.6% |
| Q4 2024 | $3.19 | +0.3% |
WD has swung to a loss: it lost $1.01 per share over the past year, after a profit the year before.
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 WD on sales, with stronger typical year-over-year growth.
| 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.
WD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $298.4M | -12% |
| Q2 2026 | $306.7M | -3.9% |
| Q1 2026 | $301.3M | +27% |
| Q4 2025 | $340M | -0.4% |
| Q3 2025 | $337.7M | +16% |
| Q2 2025 | $319.2M | +18% |
| Q1 2025 | $237.4M | +4.1% |
| Q4 2024 | $341.5M | +24% |
WD's revenue fell from its 2021 peak and has held roughly level since: $298M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -16% | -29 points |
| Q2 2026 | 0.7% | -14 points |
| Q1 2026 | 8.6% | +6.4 points |
| Q4 2025 | -5.5% | -21 points |
| Q3 2025 | 14% | +0.8 points |
| Q2 2025 | 15% | +4.1 points |
| Q1 2025 | 2.2% | -3.8 points |
| Q4 2024 | 15% | +0.9 points |
WD 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.
WD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $718.9M | +$1.7B |
| Q2 2026 | $1.2B | +$1.4B |
| Q1 2026 | -$1.1B | -$861.1M |
| Q4 2025 | $796.1M | +51% |
| Q3 2025 | -$950.4M | -$746.5M |
| Q2 2025 | -$241M | +$662K |
| Q1 2025 | -$284.7M | -909% |
| Q4 2024 | $526.9M | +60% |
WD 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 | — |
WD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +9K shares |
| 1 year | -0.3% | -113K shares |
| 3 years | +1.2% | +389K shares |
| 5 years | +5.8% | +1.8M shares |
| Available history | +8% | +2.5M shares |
WD has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $792,000 |
| Q2 2026 | $298,000 |
| Q1 2026 | $19.1M |
| Q4 2025 | $183,000 |
| Q3 2025 | $1M |
| Q2 2025 | $645,000 |
| Q1 2025 | $8.6M |
| Q4 2024 | $369,000 |
WD spent $20M buying back its own shares over the past year, up 91% 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.
WD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | 1.4x | Healthy |
WD has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like WD.
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).
WD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 36.1 | Neutral |
WD's weekly RSI is 41 (neutral) and its Stochastic is 36 (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.
WD PE vs Financial Services Sector
| Metric | WD | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 13x | 139% above |
| PE % | 85 | 63 | 22 pts above |
WD 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.
WD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.5 | 8.7% above |
| 20 week MA | $41.3 | 6.6% below |
| 50 week MA | $49.3 | 22% below |
| 100 week MA | $64.8 | 40% below |
| 200 week MA | $78.1 | 51% below |
WD has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 51% below its 200-week average.
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.
WD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.0 | $92.6 | +42% |
| 2021 | $92.6 | $149.4 | +61% |
| 2022 | $149.4 | $79.1 | -47% |
| 2023 | $79.1 | $111.0 | +40% |
| 2024 | $111.0 | $96.8 | -13% |
| 2025 | $96.8 | $61.0 | -37% |
| 2026 YTD | $61.0 | $38.6 | -37% |
WD has the edge over IREN on returns for 2026, with the stronger performance.