Iren (IREN) EBITDA (2021 - 2026)
Iren (IREN) posted quarterly EBITDA of -$254.9 million for Q1 2026, down 1481.48% YoY from $18.5 million in Q1 2025, and down 67.54% sequentially from -$152.2 million in Q4 2025.
Iren (IREN) EBITDA (2021 - 2026) Analysis & Trends
Iren has disclosed EBITDA across 6 years of filings, most recently posting -$254.9 million for Q1 2026.
- In Q1 2026, EBITDA fell 1481.48% year-over-year to -$254.9 million; the TTM figure through Mar 2026 stood at $163.7 million (up 234.36% YoY), while the FY2025 annual figure was $91.9 million, up 413.96% from the prior year.
- EBITDA retreated to -$254.9 million in Q1 2026, from -$152.2 million in the prior quarter.
- Over the last five years, EBITDA for IREN reached as high as $379.2 million in Q3 2025 and fell as low as -$470.6 million in Q2 2022.
- The 5-year median for EBITDA is -$12.5 million (2023), against an average of -$41.0 million.
- Annual changes were most pronounced in 2024 — EBITDA slumped 1536.63% — and 2025, when it jumped 969.72%.
- A 5-year view of EBITDA shows it 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.
- According to Business Quant data, EBITDA over the past three periods registered -$254.9 million, -$152.2 million, and $379.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 19.58 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 23.57 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 4.01 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 441.58 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 304.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 584.88 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 294.45 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 46.00 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -254.94 Mn |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 323.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -8.89 Mn |
| Jun 30, 2023 | -371.66 Mn |
| Mar 31, 2023 | 12.18 Mn |
| Dec 31, 2022 | 129.84 Mn |
| Jun 30, 2022 | -470.58 Mn |
| Mar 31, 2022 | 7.33 Mn |
| Dec 31, 2021 | 60.40 Mn |