Growth Metrics

Iren (IREN) Capital Expenditures (2023 - 2026)

Iren (IREN) reported Capital Expenditures of $1.2 billion for Q1 2026, up 325.05% year-over-year from $287.2 million in Q1 2025, and up 355.6% on a QoQ basis from $268.0 million in Q4 2025.

Iren (IREN) has 4 years of Capital Expenditures data on file, last reported at $1.2 billion in Q1 2026.

  • Quarterly Capital Expenditures rose 325.05% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 187.84% YoY) and the FY2025 annual result came in at $573.5 million, up 304.26% from the prior year.
  • Capital Expenditures climbed to $1.2 billion in Q1 2026 per IREN's latest filing, from $268.0 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $1.2 billion in Q1 2026 and bottomed at -$39.0 million in Q1 2023.
  • The 4-year median for Capital Expenditures is $196.9 million (2023), against an average of $266.8 million.
  • Peak annual rise in Capital Expenditures reached 7297.69% in 2025, while the deepest fall reached 27.66% in 2025.
  • Tracing IREN's Capital Expenditures over 4 years: stood at $209.7 million in 2023, then sank by 101.78% to -$3.7 million in 2024, then jumped by 7297.69% to $268.0 million in 2025, then surged by 355.6% to $1.2 billion in 2026.
  • Per Business Quant, the three latest IREN Capital Expenditures figures stand at $1.2 billion (Q1 2026), $268.0 million (Q4 2025), and $180.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 754.00 Mn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 565.00 Mn
3 Schwab Charles 154.74 Bn 109.76 Bn - 140.00 Mn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 9.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 26.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 9.36 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 165.76 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 1.22 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 254,000.00
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 36.62 Mn

Historic Data

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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
Jun 30, 2023 209.68 Mn
Jun 30, 2023 209.68 Mn
Mar 31, 2023 -38.97 Mn
Mar 31, 2023 -38.97 Mn