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
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 -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