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% quarter-over-quarter from $268.0 million in Q4 2025.

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

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

  • Capital Expenditures for Q1 2026 came in at $1.2 billion, up 325.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 187.84% YoY), and the FY2025 annual result was $573.5 million, up 304.26% from the prior year.
  • Capital Expenditures advanced to $1.2 billion in Q1 2026 per IREN's latest filing, from $268.0 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $1.2 billion in Q1 2026 and troughed at -$39.0 million in Q1 2023.
  • A 4-year average of $266.8 million and a median of $196.9 million in 2023 frame the typical range for Capital Expenditures.
  • On a YoY basis, Capital Expenditures climbed as much as 7297.69% in 2025 and fell as far as 27.66% in 2025.
  • A 4-year view of Capital Expenditures shows it stood at $209.7 million in 2023, then tumbled by 101.78% 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.
  • Business Quant data shows IREN's Capital Expenditures at $1.2 billion in Q1 2026, $268.0 million in Q4 2025, and $180.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 754.00 Mn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 565.00 Mn
4 Schwab Charles 153.74 Bn 108.77 Bn - 140.00 Mn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 9.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 26.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 165.76 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 254,000.00
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 9.36 Mn
10 Iren 19.67 Bn 17.46 Bn 144.76 Mn 1.22 Bn

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