IRENIREN Ltd
Finance Services
- Revenue
- $707M
- 41% YoY
- Operating margin
- -148.0%
- 4381% YoY
- EBITDA
- −$629M
- 417% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $1.7B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired29% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $76M | $187M | $501M | $707M | 41% |
| Operating income | −$157M | −$27M | $17M | −$1.0B | 6141% |
| Net income | −$172M | −$29M | $87M | −$703M | 908% |
| Operating cash flow | $6M | $52M | $246M | $2.1B | 754% |
| Capex | $116M | $142M | $573M | $3.0B | 423% |
| Stock-based comp | $14M | $24M | $43M | $205M | 381% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 1365 | 330 |
| FY2025 | — | — | 435 | 225 |
| FY2024 | — | — | 337 | 154 |
| FY2023 | — | — | 139 | 128 |