Iren (IREN) EV to EBITDA (2025)
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.
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Iren (IREN) EV to EBITDA (2025) 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 | 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 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 145.64 |
| Sep 30, 2025 | 115.89 |
| Jun 30, 2025 | 35.05 |
API Access
Iren EV to EBITDA 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-ebitda&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();