Iren (IREN) EBITDA (2021 - 2026)
Iren (IREN) posted quarterly EBITDA of -$233.5 million for Q1 2026, down 1180.77% year-over-year from $21.6 million in Q1 2025, and down 100.62% quarter-over-quarter from -$116.4 million in Q4 2025.
Iren (IREN) EBITDA (2021 - 2026) Analysis & Trends
Iren (IREN) has reported EBITDA for 6 consecutive years, with -$233.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA fell 1180.77% year-over-year to -$233.5 million; the TTM figure through Mar 2026 stood at -$408.4 million (down 187.97% YoY), while the FY2025 annual figure was $17.3 million, up 163.62% from the prior year.
- EBITDA eased to -$233.5 million in Q1 2026 per IREN's latest filing, from -$116.4 million in the prior quarter.
- Across five years, EBITDA topped out at $17.9 million in Q2 2025 and bottomed at -$233.5 million in Q1 2026.
- Historically, EBITDA has averaged -$45.2 million across 5 years, with a median of -$18.6 million in 2024.
- Annual changes were most pronounced in 2025 — EBITDA jumped 175.73% — and 2026, when it tumbled 1180.77%.
- Iren's EBITDA stood at -$139.6 million in 2022, then surged by 92.99% to -$9.8 million in 2023, then sank by 93.15% to -$18.9 million in 2024, then tumbled by 516.28% to -$116.4 million in 2025, then plunged by 100.62% to -$233.5 million in 2026.
- Business Quant data shows IREN's EBITDA at -$233.5 million in Q1 2026, -$116.4 million in Q4 2025, and -$76.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 20.47 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 26.66 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.46 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 470.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 2.64 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 617.01 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 252.46 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 35.36 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 532.81 Mn |
| 10 | Iren | 13.30 Bn | 11.09 Bn | 104.86 Mn | -233.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -18.23 Mn |
| Dec 31, 2024 | -18.89 Mn |
| Sep 30, 2024 | -81.10 Mn |
| Jun 30, 2024 | -23.62 Mn |
| Mar 31, 2024 | -2.67 Mn |
| Dec 31, 2023 | -9.78 Mn |
| Sep 30, 2023 | -15.04 Mn |
| Jun 30, 2023 | -19.77 Mn |
| Mar 31, 2023 | -10.35 Mn |
| Dec 31, 2022 | -139.59 Mn |
| Jun 30, 2022 | 16.75 Mn |
| Mar 31, 2022 | 7.33 Mn |
| Dec 31, 2021 | 14.33 Mn |