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
DateValue
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