Iren (IREN) Free Cash Flow (2023 - 2026)
Iren (IREN) posted quarterly Free Cash Flow of -$873.8 million for Q1 2026, down 1601.79% year-over-year from $58.2 million in Q1 2025, and down 86.7% quarter-over-quarter from -$468.0 million in Q4 2025.
Iren (IREN) Free Cash Flow (2023 - 2026) Analysis & Trends
Iren (IREN) has reported Free Cash Flow for 4 consecutive years, with -$873.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 1601.79% year-over-year to -$873.8 million; 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 retreated to -$873.8 million in Q1 2026 per IREN's latest filing, from -$468.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $54.2 million in Q1 2024 and bottomed at -$873.8 million in Q1 2026.
- Historically, Free Cash Flow has averaged -$150.4 million across 4 years, with a median of -$81.0 million in 2025.
- Annual changes were most pronounced in 2025 — Free Cash Flow surged 65.42% — and 2026, when it slumped 1601.79%.
- Iren's Free Cash Flow stood at $16.3 million in 2023, then tumbled by 624.2% to -$85.5 million in 2024, then tumbled by 447.4% to -$468.0 million in 2025, then slumped by 86.7% to -$873.8 million in 2026.
- Business Quant data shows IREN's Free Cash Flow at -$873.8 million in Q1 2026, -$468.0 million in Q4 2025, and -$38.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 7.20 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 708.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -873.83 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 3.59 Bn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 202.51 Mn |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 375.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -873.83 Mn |
| Mar 31, 2026 | -873.83 Mn |
| Dec 31, 2025 | -468.04 Mn |
| Dec 31, 2025 | -468.04 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 | -51.35 Mn |
| Mar 31, 2025 | -51.35 Mn |
| Dec 31, 2024 | -85.50 Mn |
| Dec 31, 2024 | -85.50 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 | 54.20 Mn |
| Mar 31, 2024 | 54.20 Mn |
| Dec 31, 2023 | 16.31 Mn |
| Dec 31, 2023 | 16.31 Mn |