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

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

Historic Data

Download Data
DateValue
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