Iren (IREN) EV to FCF (2023 - 2026)
Iren's (IREN) quarterly EV to FCF came in at 56.47 in Q2 2026, up 165.78% year-over-year from 21.25 in Q2 2025, and up 332.94% quarter-over-quarter from 24.24 in Q1 2026.
Analysis
Iren (IREN) EV to FCF (2023 - 2026) Analysis & Trends
Iren (IREN) has reported EV to FCF for 4 consecutive years, with 56.47 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF rose 165.78% year-over-year to 56.47 in Q2 2026; TTM through Jun 2026 was 30.34, a 42.97% decrease from a year earlier, with the FY2026 full-year figure at 30.34, down 42.97% from the prior year.
- EV to FCF was 56.47 for Q2 2026 at Iren, up from 24.24 in the prior quarter.
- Over five years, EV to FCF peaked at 56.47 in Q2 2026 and troughed at 673.0 in Q3 2025.
- A 4-year average of 70.41 and a median of 33.34 in 2026 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF plunged 7596.08% in 2025 and soared 165.78% in 2026, its largest moves.
- Over 4 years, EV to FCF stood at 7.74 in 2023, then slumped by 595.2% to 53.79 in 2024, then increased by 13.33% to 46.62 in 2025, then jumped by 221.12% to 56.47 in 2026.
- The last three EV to FCF figures came in at 56.47 (Q2 2026), 24.24 (Q1 2026), and 46.62 (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 | 56.47 |
| Mar 31, 2026 | -24.24 |
| Dec 31, 2025 | -46.62 |
| Sep 30, 2025 | -673.00 |
| Jun 30, 2025 | -85.84 |
| Mar 31, 2025 | -57.63 |
| Dec 31, 2024 | -53.79 |
| Sep 30, 2024 | -42.44 |
| Jun 30, 2024 | -49.27 |
| Mar 31, 2024 | 0.77 |
| Dec 31, 2023 | -7.74 |
| Sep 30, 2023 | -4.51 |
| Jun 30, 2023 | -1.00 |
| Mar 31, 2023 | 3.05 |