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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.12 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 708.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 6.20 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 202.51 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 375.21 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 497.27 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | Iren | 13.30 Bn | 11.09 Bn | 104.86 Mn | -873.83 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 |