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
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
Dec 31, 2021 60.40 Mn