Iren (IREN) EBITDA (2021 - 2026)
Iren's (IREN) quarterly EBITDA came in at -$620.4 million in Q2 2026, down 557.7% year-over-year from $135.5 million in Q2 2025, and down 165.66% quarter-over-quarter from -$233.5 million in Q1 2026.
Analysis
Iren (IREN) EBITDA (2021 - 2026) Analysis & Trends
Iren (IREN) has reported EBITDA for 6 consecutive years, with -$620.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA fell 557.7% year-over-year to -$620.4 million in Q2 2026; TTM through Jun 2026 was -$1.0 billion, a 6140.94% decrease from a year earlier, with the FY2026 full-year figure at -$1.0 billion, down 6140.94% from the prior year.
- EBITDA was -$620.4 million for Q2 2026 at Iren, down from -$233.5 million in the prior quarter.
- Over five years, EBITDA peaked at $135.5 million in Q2 2025 and troughed at -$620.4 million in Q2 2026.
- A 5-year average of -$73.7 million and a median of -$18.9 million in 2024 frame the typical range for EBITDA.
- Across the five-year window, EBITDA jumped 368.93% in 2025 and plunged 1180.77% in 2026, its largest moves.
- Over 5 years, EBITDA stood at -$139.6 million in 2022, then soared 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 slumped by 432.96% to -$620.4 million in 2026.
- The last three EBITDA figures came in at -$620.4 million (Q2 2026), -$233.5 million (Q1 2026), and -$116.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -620.38 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -206.33 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -142.83 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -352.07 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | -132.55 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 31.11 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -140.77 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 5.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -620.38 Mn |
| Mar 31, 2026 | -233.52 Mn |
| Dec 31, 2025 | -116.40 Mn |
| Sep 30, 2025 | -76.41 Mn |
| Jun 30, 2025 | 135.54 Mn |
| Mar 31, 2025 | -18.23 Mn |
| Dec 31, 2024 | -18.89 Mn |
| Sep 30, 2024 | -81.10 Mn |
| Jun 30, 2024 | -50.40 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 |