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% quarter-over-quarter from -$152.2 million in Q4 2025.
Iren (IREN) EBITDA (2021 - 2026) Analysis & Trends
Iren (IREN) has 6 years of EBITDA data on file, last reported at -$254.9 million in Q1 2026.
- EBITDA for Q1 2026 came in at -$254.9 million, down 1481.48% year-over-year; the trailing twelve-month figure through Mar 2026 was $163.7 million (up 234.36% YoY), and the FY2025 annual result was $91.9 million, up 413.96% from the prior year.
- EBITDA declined to -$254.9 million in Q1 2026 per IREN's latest filing, from -$152.2 million in the prior quarter.
- Over five years, EBITDA peaked at $379.2 million in Q3 2025 and troughed at -$470.6 million in Q2 2022.
- A 5-year average of -$44.2 million and a median of -$16.1 million in 2025 frame the typical range for EBITDA.
- The sharpest annual moves came in 2024 and 2025: EBITDA plunged 1536.63% in 2024, then jumped 969.72% in 2025.
- A 5-year view of EBITDA shows it stood at $129.8 million in 2022, then plunged by 98.19% to $2.4 million in 2023, then slumped by 1536.63% to -$33.8 million in 2024, then plunged by 349.57% to -$152.2 million in 2025, then slumped by 67.54% to -$254.9 million in 2026.
- Business Quant data shows IREN's EBITDA at -$254.9 million in Q1 2026, -$152.2 million in Q4 2025, and $379.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | -35.15 Mn |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 19.58 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 23.57 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 4.01 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 246.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 584.88 Mn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 294.45 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -254.94 Mn |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 46.00 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 |
| Dec 31, 2021 | 60.40 Mn |