WallStSmart

IREN Ltd (IREN)vsPalantir Technologies Inc. (PLTR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Palantir Technologies Inc. generates 590% more annual revenue ($5.22B vs $757.07M). PLTR leads profitability with a 43.7% profit margin vs 0.2%. PLTR appears more attractively valued with a PEG of 2.05. PLTR earns a higher WallStSmart Score of 73/100 (B).

IREN

Hold

43

out of 100

Grade: D

Growth: 6.0Profit: 3.0Value: 3.0Quality: 6.0
Piotroski: 4/9Altman Z: 1.08

PLTR

Strong Buy

73

out of 100

Grade: B

Growth: 10.0Profit: 9.5Value: 2.7Quality: 9.0
Piotroski: 5/9Altman Z: 4.62
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for IREN.

PLTRSignificantly Overvalued (-63.7%)

Margin of Safety

-63.7%

Fair Value

$78.69

Current Price

$133.73

$55.04 premium

UndervaluedFair: $78.69Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IREN0 strengths · Avg: 0/10

No standout strengths identified

PLTR6 strengths · Avg: 10.0/10
Market CapQuality
$311.77B10/10

Mega-cap, among the largest globally

Return on EquityProfitability
32.6%10/10

Every $100 of equity generates 33 in profit

Profit MarginProfitability
43.7%10/10

Keeps 44 of every $100 in revenue as profit

Operating MarginProfitability
46.2%10/10

Strong operational efficiency at 46.2%

Revenue GrowthGrowth
84.7%10/10

Revenue surging 84.7% year-over-year

EPS GrowthGrowth
325.0%10/10

Earnings expanding 325.0% YoY

Areas to Watch

IREN4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

EPS GrowthGrowth
0.4%4/10

0.4% earnings growth

Return on EquityProfitability
0.1%3/10

ROE of 0.1% — below average capital efficiency

Profit MarginProfitability
0.2%3/10

0.2% margin — thin

PLTR3 concerns · Avg: 2.7/10
PEG RatioValuation
2.054/10

Expensive relative to growth rate

P/E RatioValuation
147.8x2/10

Premium valuation, high expectations priced in

Price/BookValuation
43.3x2/10

Trading at 43.3x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : IREN

IREN has a balanced fundamental profile.

Bull Case : PLTR

The strongest argument for PLTR centers on Market Cap, Return on Equity, Profit Margin. Profitability is solid with margins at 43.7% and operating margin at 46.2%. Revenue growth of 84.7% demonstrates continued momentum.

Bear Case : IREN

The primary concerns for IREN are Revenue Growth, EPS Growth, Return on Equity. A P/E of 70.5x leaves little room for execution misses. Debt-to-equity of 1.53 is elevated, increasing financial risk.

Bear Case : PLTR

The primary concerns for PLTR are PEG Ratio, P/E Ratio, Price/Book. A P/E of 147.8x leaves little room for execution misses.

Key Dynamics to Monitor

IREN profiles as a value stock while PLTR is a growth play — different risk/reward profiles.

IREN carries more volatility with a beta of 4.18 — expect wider price swings.

PLTR is growing revenue faster at 84.7% — sustainability is the question.

PLTR generates stronger free cash flow (892M), providing more financial flexibility.

Bottom Line

PLTR scores higher overall (73/100 vs 43/100), backed by strong 43.7% margins and 84.7% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

IREN Ltd

FINANCIAL SERVICES · CAPITAL MARKETS · USA

IREN Limited (Ticker: IREN) is a vertically integrated data-center and digital infrastructure company traded on the Nasdaq. Headquartered in Sydney, Australia, it develops, owns and operates large-scale, renewable-powered data centers across North America that support Bitcoin mining, AI cloud services, and high-performance computing workloads. Originally known as Iris Energy Limited before rebranding in 2024, IREN combines its energy infrastructure and computing platforms to generate revenue from cryptocurrency mining and increasingly from GPU-powered AI cloud offerings. The company has secured significant power capacity and major customer contracts as it pivots toward AI data-center growth while maintaining its legacy mining business.

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Palantir Technologies Inc.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Palantir Technologies Inc. creates and implements software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company is headquartered in Denver, Colorado.

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