Freshworks Inc vs Iris Energy Limited — how do they compare? Freshworks Inc trades at $10.71 (market cap $2.93B), while Iris Energy Limited trades at $35.58 (market cap $13.68B). The key difference: Iris Energy Limited is far larger — about 4.7× Freshworks Inc's market cap, and Freshworks Inc is trading nearer its 52-week high, Iris Energy Limited nearer its low. Which is the better fit depends on your goals.
| FRSH | IREN | |
|---|---|---|
Market Cap | $2.93B | $13.68B |
Sector | Technology | Energy |
52-Week High | $14.77 | $76.41 |
52-Week Low | $6.88 | $15.40 |
Enterprise Value | $2.19B | $15.43B |
Signals from Pluang's Aura AI — not financial advice
Freshworks (FRSH) trades at $10.47, down 3.32% on the day, with a bullish technical signal from moving averages. The company shows a strong fundamental turnaround, achieving profitability in 2025 with a net income margin of 20.69% and robust revenue growth from $498M in 2022 to $839M in 2025. Recent news highlights a strategic pivot to its employee experience (EX) business and new AI product launches, with the Q2 2026 earnings report scheduled for August 4, 2026.
The outlook is positive, supported by a profitable growth trajectory, a 50% analyst buy rating, and a significant valuation discount to software peers. Key risks include execution of the EX pivot, competitive pressures in SaaS, and the need to sustain high gross margins. The stock offers opportunity as a value play with accelerating fundamentals, but faces typical growth stock volatility.
IREN is trading at $36.28, down 5.99% in the last session, amid a bearish technical outlook with selling pressure across moving averages. The company shows strong revenue growth projections, with 2026 revenue expected to reach $757 million and net profit margin improving to 20.87%. Recent executive appointments and AI infrastructure expansion signal strategic transformation, though the stock faces execution risks and negative profitability metrics.
The investment case hinges on IREN's successful pivot to AI cloud infrastructure, supported by analyst consensus of $79.11 price target and 71% buy ratings. However, negative ROE (-9.58%) and consecutive earnings misses present significant execution risks, while technical indicators suggest near-term pressure with support at $35.
Trailing returns across standard periods
Latest headlines on both assets
Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks. It offers solutions that serve the needs of users in the CX and ITSM categories, and have also expanded its offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and better serve their customers and employees.
Read more on FRSH →Iris Energy is a next-generation data center company that powers Bitcoin mining and AI workloads using 100% renewable energy. It focuses on building sustainable infrastructure for the global digital economy.
Read more on IREN →