Iren (IREN) Enterprise Value (2021 - 2026)
Iren's (IREN) quarterly Enterprise Value came in at $27.2 billion in Q2 2026, up 291.76% year-over-year from $7.0 billion in Q2 2025, and up 28.55% quarter-over-quarter from $21.2 billion in Q1 2026.
Analysis
Iren (IREN) Enterprise Value (2021 - 2026) Analysis & Trends
Iren (IREN) has reported Enterprise Value for 6 consecutive years, with $27.2 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Enterprise Value rose 291.76% year-over-year to $27.2 billion in Q2 2026; TTM through Jun 2026 was $27.2 billion, a 291.76% increase from a year earlier, with the FY2026 full-year figure at $27.2 billion, up 291.76% from the prior year.
- Enterprise Value was $27.2 billion for Q2 2026 at Iren, up from $21.2 billion in the prior quarter.
- Over five years, Enterprise Value peaked at $27.2 billion in Q2 2026 and troughed at $28.1 million in Q4 2022.
- A 5-year average of $7.2 billion and a median of $3.0 billion in 2025 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value plunged 95.57% in 2022 and surged 3190.33% in 2025, its largest moves.
- Over 5 years, Enterprise Value stood at $28.1 million in 2022, then jumped by 1190.71% to $362.3 million in 2023, then jumped by 1169.48% to $4.6 billion in 2024, then jumped by 374.46% to $21.8 billion in 2025, then grew by 24.79% to $27.2 billion in 2026.
- The last three Enterprise Value figures came in at $27.2 billion (Q2 2026), $21.2 billion (Q1 2026), and $21.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.23 Bn |
| Mar 31, 2026 | 21.18 Bn |
| Dec 31, 2025 | 21.82 Bn |
| Sep 30, 2025 | 25.54 Bn |
| Jun 30, 2025 | 6.95 Bn |
| Mar 31, 2025 | 2.96 Bn |
| Dec 31, 2024 | 4.60 Bn |
| Sep 30, 2024 | 4.66 Bn |
| Jun 30, 2024 | 5.95 Bn |
| Mar 31, 2024 | 89.94 Mn |
| Dec 31, 2023 | 362.27 Mn |
| Sep 30, 2023 | 176.04 Mn |
| Jun 30, 2023 | 202.59 Mn |
| Mar 31, 2023 | 135.10 Mn |
| Dec 31, 2022 | 28.07 Mn |
| Jun 30, 2022 | 74.22 Mn |
| Mar 31, 2022 | 861.58 Mn |
| Dec 31, 2021 | 634.09 Mn |