Iren (IREN) Free Cash Flow (2023 - 2026)
Iren (IREN) posted quarterly Free Cash Flow of -$1.1 billion for Q1 2026, down 490.1% YoY from $293.7 million in Q1 2025, and down 483.52% sequentially from -$196.3 million in Q4 2025.
Iren (IREN) Free Cash Flow (2023 - 2026) Analysis & Trends
Iren has disclosed Free Cash Flow across 4 years of filings, most recently posting -$1.1 billion for Q1 2026.
- In Q1 2026, Free Cash Flow fell 490.1% year-over-year to -$1.1 billion; the TTM figure through Mar 2026 stood at -$1.5 billion (down 297.61% YoY), while the FY2025 annual figure was -$327.6 million, down 265.44% from the prior year.
- Free Cash Flow slipped to -$1.1 billion in Q1 2026, from -$196.3 million in the prior quarter.
- Over the last five years, Free Cash Flow for IREN reached as high as $57.3 million in Q4 2024 and fell as low as -$1.1 billion in Q1 2026.
- The 4-year median for Free Cash Flow is -$81.0 million (2025), against an average of -$150.4 million.
- The widest YoY moves for Free Cash Flow: up 264.74% in 2024, down 946.67% in 2024.
- A 4-year view of Free Cash Flow shows it stood at -$34.8 million in 2023, then surged by 264.74% to $57.3 million in 2024, then slumped by 442.74% to -$196.3 million in 2025, then slumped by 483.52% to -$1.1 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$1.1 billion, -$196.3 million, and -$38.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -7.85 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -32.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 7.20 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 2.03 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 124.64 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 103.58 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 11.72 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -1.15 Bn |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | -228.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.15 Bn |
| Mar 31, 2026 | -1.15 Bn |
| Dec 31, 2025 | -196.32 Mn |
| Dec 31, 2025 | -196.32 Mn |
| Sep 30, 2025 | -37.95 Mn |
| Sep 30, 2025 | -37.95 Mn |
| Jun 30, 2025 | -80.97 Mn |
| Jun 30, 2025 | -80.97 Mn |
| Mar 31, 2025 | -194.13 Mn |
| Mar 31, 2025 | -194.13 Mn |
| Dec 31, 2024 | 57.28 Mn |
| Dec 31, 2024 | 57.28 Mn |
| Sep 30, 2024 | -109.75 Mn |
| Sep 30, 2024 | -109.75 Mn |
| Jun 30, 2024 | -120.80 Mn |
| Jun 30, 2024 | -120.80 Mn |
| Mar 31, 2024 | 52.97 Mn |
| Mar 31, 2024 | 52.97 Mn |
| Dec 31, 2023 | -34.77 Mn |
| Dec 31, 2023 | -34.77 Mn |