Iren (IREN) EV to EBIT (2021 - 2026)
Iren's (IREN) quarterly EV to EBIT came in at 43.89 in Q2 2026, down 111.3% year-over-year from 388.58 in Q2 2025, and up 51.61% quarter-over-quarter from 90.71 in Q1 2026.
Analysis
Iren (IREN) EV to EBIT (2021 - 2026) Analysis & Trends
Iren (IREN) has reported EV to EBIT for 6 consecutive years, with 43.89 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBIT fell 111.3% year-over-year to 43.89 in Q2 2026; TTM through Jun 2026 was 26.02, a 106.49% decrease from a year earlier, with the FY2026 full-year figure at 26.02, down 106.49% from the prior year.
- EV to EBIT was 43.89 for Q2 2026 at Iren, up from 90.71 in the prior quarter.
- Over five years, EV to EBIT peaked at 388.58 in Q2 2025 and troughed at 334.31 in Q3 2025.
- A 5-year average of 33.04 and a median of 25.87 in 2023 frame the typical range for EV to EBIT.
- Across the five-year window, EV to EBIT plunged 74313.23% in 2023 and surged 578.34% in 2025, its largest moves.
- Over 5 years, EV to EBIT stood at 0.22 in 2022, then sank by 74313.23% to 163.11 in 2023, then soared by 262.88% to 265.68 in 2024, then slumped by 170.56% to 187.45 in 2025, then surged by 76.58% to 43.89 in 2026.
- The last three EV to EBIT figures came in at 43.89 (Q2 2026), 90.71 (Q1 2026), and 187.45 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -43.89 |
| Mar 31, 2026 | -90.71 |
| Dec 31, 2025 | -187.45 |
| Sep 30, 2025 | -334.31 |
| Jun 30, 2025 | 388.58 |
| Mar 31, 2025 | 101.30 |
| Dec 31, 2024 | 265.68 |
| Sep 30, 2024 | -98.93 |
| Jun 30, 2024 | -251.98 |
| Mar 31, 2024 | 14.93 |
| Dec 31, 2023 | -163.11 |
| Sep 30, 2023 | -23.73 |
| Jun 30, 2023 | -15.55 |
| Mar 31, 2023 | -25.87 |
| Dec 31, 2022 | -0.22 |
| Jun 30, 2022 | 50.35 |
| Mar 31, 2022 | -146.85 |
| Dec 31, 2021 | 114.05 |