Iren (IREN) FCF Margin (2023 - 2026)
Iren (IREN) recorded FCF Margin of -702.63% in fiscal Q1 2027 (quarter ended Sep 30, 2026), down 686.80 percentage points from -15.83% a year earlier and down 1054.06 percentage points from the prior quarter.
Iren (IREN) FCF Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Iren's FCF Margin came in at -354.33% as of Sep 30, 2026, down 317.16 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it was -126.96%, down 61.58 percentage points from FY2025.
- Annual FCF Margin has a five-year change of +877.78 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, FCF Margin came in at -65.38% in FY2025 (-17.50 pp), -47.88% in FY2024 (+98.24 pp), -146.12% in FY2023 (+415.78 pp) and -561.90% in FY2022 (+442.84 pp).
- The fiscal Q1 2027 figure is the lowest quarterly FCF Margin in data going back to fiscal Q3 2023.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of -109.88 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 394.66 percentage points in fiscal Q4 2026, against a drop of 686.80 percentage points in fiscal Q1 2027 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 351.43% (Q4 2026), -603.50% (Q3 2026) and -253.39% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.14 Bn | 22.87 Bn | 3.24 Bn | 14.46% |
| 2 | PayPal Holdings | 49.62 Bn | 8.32 Bn | - | 16.67% |
| 3 | Fiserv | 33.93 Bn | 31.16 Bn | 2.76 Bn | 10.20% |
| 4 | Coinbase Global | 33.79 Bn | -5.85 Bn | - | 33.36% |
| 5 | Corpay | 29.77 Bn | 18.90 Bn | - | -53.19% |
| 6 | Global Payments | 24.30 Bn | -237.28 Mn | 2.01 Bn | -11.88% |
| 7 | Iren | 14.79 Bn | -105.20 Mn | 182.00 Mn | -702.63% |
| 8 | Guidewire Software | 12.98 Bn | 9.54 Bn | 269.68 Mn | 68.54% |
| 9 | Chime Financial | 12.86 Bn | 8.55 Bn | 646.07 Mn | 16.90% |
| 10 | Jack Henry & Associates | 12.37 Bn | 12.28 Bn | 325.50 Mn | 19.14% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -702.63% |
| Jun 30, 2026 | 351.43% |
| Mar 31, 2026 | -603.50% |
| Dec 31, 2025 | -253.39% |
| Sep 30, 2025 | -15.83% |
| Jun 30, 2025 | -43.23% |
| Mar 31, 2025 | -35.46% |
| Dec 31, 2024 | -73.62% |
| Sep 30, 2024 | -207.99% |
| Jun 30, 2024 | 313.52% |
| Mar 31, 2024 | -269.29% |
| Dec 31, 2023 | -165.27% |
| Sep 30, 2023 | -139.80% |
| Jun 30, 2023 | -56.45% |
| Mar 31, 2023 | -205.73% |
Iren FCF Margin 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=fcf-margin&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();