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| Date | Value |
|---|---|
| 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 |