Iren IREN
NASDAQ IREN
$43.83 +0.19 (+0.44%)
At close: Sep 11, 2026 · 4:00 PM EDT

Iren (IREN) EBIT (2021 - 2026)

Iren's (IREN) quarterly EBIT came in at -$620.4 million in Q2 2026, down 3568.15% year-over-year from $17.9 million in Q2 2025, and down 165.66% quarter-over-quarter from -$233.5 million in Q1 2026.

Analysis

Iren (IREN) EBIT (2021 - 2026) Analysis & Trends

Iren (IREN) has reported EBIT for 6 consecutive years, with -$620.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EBIT fell 3568.15% year-over-year to -$620.4 million in Q2 2026; TTM through Jun 2026 was -$1.0 billion, a 6140.94% decrease from a year earlier, with the FY2026 full-year figure at -$1.0 billion, down 6140.94% from the prior year.
  • EBIT was -$620.4 million for Q2 2026 at Iren, down from -$233.5 million in the prior quarter.
  • Over five years, EBIT peaked at $29.2 million in Q1 2025 and troughed at -$620.4 million in Q2 2026.
  • A 5-year average of -$71.0 million and a median of -$7.4 million in 2023 frame the typical range for EBIT.
  • Across the five-year window, EBIT jumped 879.38% in 2024 and tumbled 3568.15% in 2026, its largest moves.
  • Over 5 years, EBIT stood at -$128.0 million in 2022, then soared by 98.27% to -$2.2 million in 2023, then jumped by 879.38% to $17.3 million in 2024, then sank by 772.46% to -$116.4 million in 2025, then slumped by 432.96% to -$620.4 million in 2026.
  • The last three EBIT figures came in at -$620.4 million (Q2 2026), -$233.5 million (Q1 2026), and -$116.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn -11.87 Mn
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn -620.38 Mn
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn -206.33 Mn
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn -239.43 Mn
5 Argo Blockchain 6.30 Bn 6.30 Bn - -
6 MARA Holdings 4.58 Bn 4.22 Bn - -521.07 Mn
7 Cleanspark 3.51 Bn 3.30 Bn - -232.40 Mn
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn -101.73 Mn
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn -140.77 Mn
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn -48.47 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -620.38 Mn
Mar 31, 2026 -233.52 Mn
Dec 31, 2025 -116.40 Mn
Sep 30, 2025 -76.41 Mn
Jun 30, 2025 17.89 Mn
Mar 31, 2025 29.22 Mn
Dec 31, 2024 17.31 Mn
Sep 30, 2024 -47.09 Mn
Jun 30, 2024 -23.62 Mn
Mar 31, 2024 6.02 Mn
Dec 31, 2023 -2.22 Mn
Sep 30, 2023 -7.42 Mn
Jun 30, 2023 -13.03 Mn
Mar 31, 2023 -5.22 Mn
Dec 31, 2022 -128.05 Mn
Jun 30, 2022 1.47 Mn
Mar 31, 2022 -5.87 Mn
Dec 31, 2021 5.56 Mn