Iren IREN
NASDAQ IREN
$46.68 +3.20 (+7.36%)
At close: Sep 18, 2026 · 4:00 PM EDT

Iren (IREN) Free Cash Flow (2023 - 2026)

Iren's (IREN) quarterly Free Cash Flow came in at $482.2 million in Q2 2026, up 695.56% year-over-year from $60.6 million in Q2 2025, and up 155.19% quarter-over-quarter from -$873.8 million in Q1 2026.

Analysis

Iren (IREN) Free Cash Flow (2023 - 2026) Analysis & Trends

Iren (IREN) has reported Free Cash Flow for 4 consecutive years, with $482.2 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 695.56% year-over-year to $482.2 million in Q2 2026; TTM through Jun 2026 was -$897.6 million, a 174.01% decrease from a year earlier, with the FY2026 full-year figure at -$897.6 million, down 174.01% from the prior year.
  • Free Cash Flow was $482.2 million for Q2 2026 at Iren, up from -$873.8 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $482.2 million in Q2 2026 and troughed at -$873.8 million in Q1 2026.
  • A 4-year average of -$105.3 million and a median of -$66.2 million in 2025 frame the typical range for Free Cash Flow.
  • The widest YoY moves for Free Cash Flow: up 695.56% in 2026, down 1601.79% in 2026.
  • Over 4 years, Free Cash Flow stood at -$46.8 million in 2023, then tumbled by 82.61% to -$85.5 million in 2024, then tumbled by 447.4% to -$468.0 million in 2025, then surged by 203.03% to $482.2 million in 2026.
  • The last three Free Cash Flow figures came in at $482.2 million (Q2 2026), -$873.8 million (Q1 2026), and -$468.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Bitmine Immersion Technologies 56.68 Bn 56.34 Bn 40.81 Mn -2.12 Bn
2 Iren 35.52 Bn 27.95 Bn 103.89 Mn 482.24 Mn
3 Hut 8 12.16 Bn 5.68 Bn 48.04 Mn -9.62 Mn
4 Riot Platforms 8.98 Bn 8.43 Bn 84.97 Mn -150.87 Mn
5 Argo Blockchain 5.95 Bn 5.95 Bn - -
6 MARA Holdings 5.06 Bn 4.70 Bn - -238.55 Mn
7 Cleanspark 3.72 Bn 3.51 Bn - -118.43 Mn
8 Bitdeer Technologies 3.06 Bn 2.59 Bn -8.53 Mn 107.47 Mn
9 Keel Infrastructure 2.47 Bn 2.47 Bn -86.75 Mn -96.02 Mn
10 HIVE Digital Technologies 935.29 Mn 696.25 Mn -29.49 Mn -10.69 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 482.24 Mn
Mar 31, 2026 -873.83 Mn
Dec 31, 2025 -468.04 Mn
Sep 30, 2025 -37.95 Mn
Jun 30, 2025 -80.97 Mn
Mar 31, 2025 -51.35 Mn
Dec 31, 2024 -85.50 Mn
Sep 30, 2024 -109.75 Mn
Jun 30, 2024 -120.80 Mn
Mar 31, 2024 116.98 Mn
Dec 31, 2023 -46.82 Mn
Sep 30, 2023 -39.00 Mn
Jun 30, 2023 -202.96 Mn
Mar 31, 2023 44.23 Mn