Iren (IREN) Operating Expenses (2021 - 2026)
Iren's Operating Expenses was $128.25 million in fiscal Q4 2026 (quarter ended Jun 30, 2026), down 25.0% from $170.95 million a year earlier but up 56.9% from the prior quarter.
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Analysis
Iren (IREN) Operating Expenses (2021 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Operating Expenses at Iren came in at $449.12 million, up 229.1% from FY2025.
- Operating Expenses shows a five-year compound annual growth rate of 383.5% (FY2021 to FY2026).
- In earlier fiscal years, Operating Expenses was $136.46 million in FY2025, -$8.66 million in FY2024, -$4.54 million in FY2023 and -$1.82 million in FY2022.
- Quarterly Operating Expenses has moved between -$11.49 million (fiscal Q2 2023) and $170.95 million (fiscal Q4 2025) over five years.
- Per Business Quant data, IREN's Operating Expenses in the three fiscal quarters before Q4 2026 was $81.75 million (Q3 2026), $100.76 million (Q2 2026) and $138.36 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 1.33 Bn |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 7.26 Bn |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 2.72 Bn |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 128.25 Mn |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 260.40 Mn |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 4.28 Bn |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 2.98 Bn |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 207.36 Mn |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | 76.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 128.25 Mn |
| Mar 31, 2026 | 81.75 Mn |
| Dec 31, 2025 | 100.76 Mn |
| Sep 30, 2025 | 138.36 Mn |
| Jun 30, 2025 | 170.95 Mn |
| Mar 31, 2025 | -2.67 Mn |
| Dec 31, 2024 | -2.98 Mn |
| Sep 30, 2024 | -2.37 Mn |
| Jun 30, 2024 | -3.22 Mn |
| Mar 31, 2024 | -1.92 Mn |
| Dec 31, 2023 | -1.67 Mn |
| Sep 30, 2023 | -1.85 Mn |
| Jun 30, 2023 | -1.22 Mn |
| Mar 31, 2023 | -1.29 Mn |
| Dec 31, 2022 | -11.49 Mn |
| Jun 30, 2022 | 11.99 Mn |
| Mar 31, 2022 | -2.29 Mn |
| Dec 31, 2021 | -1.23 Mn |
API Access
Iren Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IREN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();