Iren (IREN) Capital Expenditures (2023 - 2026)

Iren (IREN) posted quarterly Capital Expenditures of $1.2 billion for Q1 2026, up 325.05% YoY from $287.2 million in Q1 2025, and up 355.6% sequentially from $268.0 million in Q4 2025.

Iren (IREN) Capital Expenditures (2023 - 2026) Analysis & Trends

Iren has disclosed Capital Expenditures across 4 years of filings, most recently posting $1.2 billion for Q1 2026.

  • In Q1 2026, Capital Expenditures rose 325.05% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $1.9 billion (up 187.84% YoY), while the FY2025 annual figure was $573.5 million, up 304.26% from the prior year.
  • Capital Expenditures improved to $1.2 billion in Q1 2026, from $268.0 million in the prior quarter.
  • Over the last five years, Capital Expenditures for IREN reached as high as $1.2 billion in Q1 2026 and fell as low as -$80.0 million in Q1 2024.
  • The 4-year median for Capital Expenditures is $180.3 million (2025), against an average of $196.6 million.
  • Annual changes were most pronounced in 2024 — Capital Expenditures slumped 105.4% — and 2025, when it soared 7297.69%.
  • A 4-year view of Capital Expenditures shows it stood at -$23.5 million in 2023, then soared by 84.18% to -$3.7 million in 2024, then soared by 7297.69% to $268.0 million in 2025, then jumped by 355.6% to $1.2 billion in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered $1.2 billion, $268.0 million, and $180.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 754.00 Mn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 565.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - 140.00 Mn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 9.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 165.76 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 254,000.00
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 9.36 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 1.22 Bn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 3.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.22 Bn
Mar 31, 2026 1.22 Bn
Dec 31, 2025 267.97 Mn
Dec 31, 2025 267.97 Mn
Sep 30, 2025 180.31 Mn
Sep 30, 2025 180.31 Mn
Jun 30, 2025 184.11 Mn
Jun 30, 2025 184.11 Mn
Mar 31, 2025 287.23 Mn
Mar 31, 2025 287.23 Mn
Dec 31, 2024 -3.72 Mn
Dec 31, 2024 -3.72 Mn
Sep 30, 2024 105.83 Mn
Sep 30, 2024 105.83 Mn
Jun 30, 2024 254.52 Mn
Jun 30, 2024 254.52 Mn
Mar 31, 2024 -80.04 Mn
Mar 31, 2024 -80.04 Mn
Dec 31, 2023 -23.54 Mn
Dec 31, 2023 -23.54 Mn