Iren (IREN) Enterprise Value (2020 - 2026)
Iren (IREN) reported Enterprise Value of -$2.2 billion for Q1 2026, down 403.8% year-over-year from $728.5 million in Q1 2025, and up 32.12% on a QoQ basis from -$3.3 billion in Q4 2025.
Iren (IREN) has 7 years of Enterprise Value data on file, last reported at -$2.2 billion in Q1 2026.
- Quarterly Enterprise Value fell 403.8% year-over-year to -$2.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.2 billion (down 403.8% YoY) and the FY2025 annual result came in at -$570.3 million, down 40.95% from the prior year.
- Enterprise Value improved to -$2.2 billion in Q1 2026 per IREN's latest filing, from -$3.3 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$68.9 million in Q2 2023 and bottomed at -$3.3 billion in Q4 2025.
- The 5-year median for Enterprise Value is -$404.6 million (2024), against an average of -$629.5 million.
- The widest annual swing landed in 2023, when Enterprise Value jumped 37.35%; it then plunged 574.67% in 2025.
- Tracing IREN's Enterprise Value over 5 years: stood at -$110.0 million in 2022, then grew by 16.72% to -$91.6 million in 2023, then plunged by 427.68% to -$483.3 million in 2024, then sank by 574.67% to -$3.3 billion in 2025, then surged by 32.12% to -$2.2 billion in 2026.
- Per Business Quant, the three latest IREN Enterprise Value figures stand at -$2.2 billion (Q1 2026), -$3.3 billion (Q4 2025), and -$1.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | -133.53 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | -937.55 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | -44.98 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | -4.64 Bn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 10.59 Bn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | -1.52 Bn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | -1.02 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -2.21 Bn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | -1.25 Bn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 149.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.21 Bn |
| Dec 31, 2025 | -3.26 Bn |
| Sep 30, 2025 | -1.04 Bn |
| Jun 30, 2025 | -570.28 Mn |
| Mar 31, 2025 | -439.32 Mn |
| Dec 31, 2024 | -483.29 Mn |
| Sep 30, 2024 | -404.60 Mn |
| Jun 30, 2024 | -404.60 Mn |
| Mar 31, 2024 | -72.32 Mn |
| Dec 31, 2023 | -91.59 Mn |
| Sep 30, 2023 | -68.89 Mn |
| Jun 30, 2023 | -68.89 Mn |
| Mar 31, 2023 | -109.97 Mn |
| Dec 31, 2022 | -109.97 Mn |
| Jun 30, 2022 | -109.97 Mn |
| Dec 31, 2021 | -38.99 Mn |
| Jun 30, 2021 | -38.99 Mn |
| Jun 30, 2020 | -1.96 Mn |