Iren (IREN) EV to EBIT (2025)
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.
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Analysis
Iren (IREN) EV to EBIT (2025) 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 | 57.56 Bn | 54.94 Bn | 40.81 Mn |
| 2 | Coinbase Global | 51.47 Bn | 8.27 Bn | - |
| 3 | PayPal Holdings | 47.44 Bn | 5.67 Bn | - |
| 4 | Block | 45.91 Bn | 17.17 Bn | 3.17 Bn |
| 5 | Iren | 33.57 Bn | 21.17 Bn | 103.89 Mn |
| 6 | Corpay | 26.14 Bn | 16.34 Bn | - |
| 7 | Fiserv | 24.72 Bn | 21.42 Bn | 2.90 Bn |
| 8 | Global Payments | 22.99 Bn | 1.43 Bn | 2.03 Bn |
| 9 | Guidewire Software | 11.94 Bn | 8.51 Bn | 269.68 Mn |
| 10 | Hut 8 | 11.93 Bn | 11.77 Bn | 48.04 Mn |
API Access
Iren EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "IREN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();