Growth Metrics

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

Iren (IREN) reported Net Cash Flow of -$1.0 billion for Q1 2026, down 331.38% year-over-year from $452.4 million in Q1 2025, and down 146.98% on a QoQ basis from $2.2 billion in Q4 2025.

Iren (IREN) has 4 years of Net Cash Flow data on file, last reported at -$1.0 billion in Q1 2026.

  • Quarterly Net Cash Flow fell 331.38% year-over-year to -$1.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 452.86% YoY) and the FY2025 annual result came in at $160.1 million, down 52.39% from the prior year.
  • Net Cash Flow eased to -$1.0 billion in Q1 2026 per IREN's latest filing, from $2.2 billion in the prior quarter.
  • Across five years, Net Cash Flow topped out at $2.2 billion in Q4 2025 and bottomed at -$1.0 billion in Q1 2026.
  • The 4-year median for Net Cash Flow is $38.5 million (2023), against an average of $201.6 million.
  • Peak annual rise in Net Cash Flow reached 1420.01% in 2024, while the deepest fall reached 6107.11% in 2024.
  • Tracing IREN's Net Cash Flow over 4 years: stood at $26.0 million in 2023, then jumped by 1168.45% to $330.3 million in 2024, then soared by 574.67% to $2.2 billion in 2025, then tumbled by 146.98% to -$1.0 billion in 2026.
  • Per Business Quant, the three latest IREN Net Cash Flow figures stand at -$1.0 billion (Q1 2026), $2.2 billion (Q4 2025), and $467.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 22.76 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 16.12 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.62 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 1.93 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 3.28 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 1.78 Bn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - -148.79 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -1.05 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -145.61 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 112.60 Mn

Historic Data

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DateValue
Mar 31, 2026 -1.05 Bn
Mar 31, 2026 -1.05 Bn
Dec 31, 2025 2.23 Bn
Dec 31, 2025 2.23 Bn
Sep 30, 2025 467.61 Mn
Sep 30, 2025 467.61 Mn
Jun 30, 2025 378.89 Mn
Jun 30, 2025 378.89 Mn
Mar 31, 2025 -242.65 Mn
Mar 31, 2025 -242.65 Mn
Dec 31, 2024 330.28 Mn
Dec 31, 2024 330.28 Mn
Sep 30, 2024 -306.38 Mn
Sep 30, 2024 -306.38 Mn
Jun 30, 2024 585.58 Mn
Jun 30, 2024 585.58 Mn
Mar 31, 2024 153.90 Mn
Mar 31, 2024 153.90 Mn
Dec 31, 2023 26.04 Mn
Dec 31, 2023 26.04 Mn
Sep 30, 2023 -4.94 Mn
Sep 30, 2023 -4.94 Mn
Jun 30, 2023 38.53 Mn
Jun 30, 2023 38.53 Mn
Mar 31, 2023 11.98 Mn
Mar 31, 2023 11.98 Mn