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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |