Growth Metrics

Iren (IREN) EBITDA (2021 - 2026)

Iren (IREN) reported EBITDA of -$254.9 million for Q1 2026, down 1481.48% year-over-year from $18.5 million in Q1 2025, and down 67.54% on a QoQ basis from -$152.2 million in Q4 2025.

Iren (IREN) has 6 years of EBITDA data on file, last reported at -$254.9 million in Q1 2026.

  • Quarterly EBITDA fell 1481.48% year-over-year to -$254.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $163.7 million (up 234.36% YoY) and the FY2025 annual result came in at $91.9 million, up 413.96% from the prior year.
  • EBITDA fell to -$254.9 million in Q1 2026 per IREN's latest filing, from -$152.2 million in the prior quarter.
  • Across five years, EBITDA topped out at $379.2 million in Q3 2025 and bottomed at -$371.7 million in Q2 2023.
  • The 5-year median for EBITDA is -$7.4 million (2023), against an average of -$12.8 million.
  • The widest annual swing landed in 2023, when EBITDA tumbled 35161.48%; it then surged 969.72% in 2025.
  • Tracing IREN's EBITDA over 5 years: stood at $129.8 million in 2022, then slumped by 98.19% to $2.4 million in 2023, then plunged by 1536.63% to -$33.8 million in 2024, then slumped by 349.57% to -$152.2 million in 2025, then plunged by 67.54% to -$254.9 million in 2026.
  • Per Business Quant, the three latest IREN EBITDA figures stand at -$254.9 million (Q1 2026), -$152.2 million (Q4 2025), and $379.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 19.58 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 23.57 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 4.01 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 304.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 246.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 46.00 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 584.88 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -254.94 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 294.45 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -262.45 Mn

Historic Data

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DateValue
Mar 31, 2026 -254.94 Mn
Dec 31, 2025 -152.17 Mn
Sep 30, 2025 379.15 Mn
Jun 30, 2025 191.68 Mn
Mar 31, 2025 -16.12 Mn
Dec 31, 2024 -33.85 Mn
Sep 30, 2024 -49.85 Mn
Jun 30, 2024 -22.04 Mn
Mar 31, 2024 1.30 Mn
Dec 31, 2023 2.36 Mn
Sep 30, 2023 -7.42 Mn
Jun 30, 2023 -371.66 Mn
Mar 31, 2023 12.18 Mn
Dec 31, 2022 129.84 Mn
Jun 30, 2022 -1.05 Mn
Dec 31, 2021 60.40 Mn