Iren IREN
NASDAQ IREN
$44.68 +3.03 (+7.27%)
At close: Sep 4, 2026 · 4:00 PM EDT

Iren (IREN) EV to EBITDA (2021 - 2026)

Iren's (IREN) quarterly EV to EBITDA came in at 43.89 in Q2 2026, down 185.59% year-over-year from 51.28 in Q2 2025, and up 51.61% quarter-over-quarter from 90.71 in Q1 2026.

Analysis

Iren (IREN) EV to EBITDA (2021 - 2026) Analysis & Trends

Iren (IREN) has reported EV to EBITDA for 6 consecutive years, with 43.89 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to EBITDA fell 185.59% 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 EBITDA was 43.89 for Q2 2026 at Iren, up from 90.71 in the prior quarter.
  • Over five years, EV to EBITDA peaked at 117.49 in Q1 2022 and troughed at 334.31 in Q3 2025.
  • A 5-year average of 68.85 and a median of 37.05 in 2023 frame the typical range for EV to EBITDA.
  • Across the five-year window, EV to EBITDA sank 18324.35% in 2023 and soared 143.43% in 2025, its largest moves.
  • Over 5 years, EV to EBITDA stood at 0.2 in 2022, then slumped by 18324.35% to 37.05 in 2023, then sank by 557.26% to 243.49 in 2024, then rose by 23.01% to 187.45 in 2025, then surged by 76.58% to 43.89 in 2026.
  • The last three EV to EBITDA 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

Historic Data

Download Data
DateValue
Jun 30, 2026 -43.89
Mar 31, 2026 -90.71
Dec 31, 2025 -187.45
Sep 30, 2025 -334.31
Jun 30, 2025 51.28
Mar 31, 2025 -162.31
Dec 31, 2024 -243.49
Sep 30, 2024 -57.44
Jun 30, 2024 -118.09
Mar 31, 2024 -33.70
Dec 31, 2023 -37.05
Sep 30, 2023 -11.71
Jun 30, 2023 -10.25
Mar 31, 2023 -13.06
Dec 31, 2022 -0.20
Jun 30, 2022 4.43
Mar 31, 2022 117.49
Dec 31, 2021 44.24