Iren IREN
NASDAQ IREN
$43.83 +0.19 (+0.44%)
At close: Sep 11, 2026 · 4:00 PM EDT

Iren (IREN) Operating Expenses (2021 - 2026)

Iren's (IREN) quarterly Operating Expenses came in at $128.3 million in Q2 2026, down 24.98% year-over-year from $171.0 million in Q2 2025, and up 56.88% quarter-over-quarter from $81.8 million in Q1 2026.

Analysis

Iren (IREN) Operating Expenses (2021 - 2026) Analysis & Trends

Iren (IREN) has reported Operating Expenses for 6 consecutive years, with $128.3 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 24.98% year-over-year to $128.3 million in Q2 2026; TTM through Jun 2026 was $449.1 million, a 175.63% increase from a year earlier, with the FY2026 full-year figure at $449.1 million, up 229.12% from the prior year.
  • Operating Expenses was $128.3 million for Q2 2026 at Iren, up from $81.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $171.0 million in Q2 2025 and troughed at -$11.5 million in Q4 2022.
  • A 5-year average of $34.3 million and a median of -$1.9 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses sank 833.39% in 2022 and jumped 5950.27% in 2025, its largest moves.
  • Over 5 years, Operating Expenses stood at -$11.5 million in 2022, then surged by 85.51% to -$1.7 million in 2023, then plunged by 78.68% to -$3.0 million in 2024, then surged by 3486.72% to $100.8 million in 2025, then gained by 27.29% to $128.3 million in 2026.
  • The last three Operating Expenses figures came in at $128.3 million (Q2 2026), $81.8 million (Q1 2026), and $100.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn 52.67 Mn
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn 128.25 Mn
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn 78.04 Mn
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn 413.67 Mn
5 Argo Blockchain 6.30 Bn 6.30 Bn - -
6 MARA Holdings 4.58 Bn 4.22 Bn - 695.95 Mn
7 Cleanspark 3.51 Bn 3.30 Bn - 370.41 Mn
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn -93.21 Mn
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn 31.31 Mn
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn 18.98 Mn
Historic Data

Historic Data

Download Data
DateValue
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 -3.49 Mn
Mar 31, 2022 -2.29 Mn
Dec 31, 2021 -1.23 Mn