IREN Ltd (IREN) — Cash Flow Reinvestment Rate

Latest as of December 2025: 3.92x

IREN Ltd (IREN) has a Cash Flow Reinvestment Rate of 3.92x as of December 2025, reinvesting $280.61 Million (capex $280.61 Million ) from operating cash flow of $71.65 Million. See IREN free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

3.92x
(Capex + Investments) / Operating CF

Total Reinvested

$280.61 Million
Capex + Investments

Operating Cash Flow

$71.65 Million
USD

Capital Expenditures

$280.61 Million
USD

IREN Ltd Cash Flow Reinvestment Rate (2021–2025)

Historical reinvestment intensity for IREN Ltd across 5 annual periods. For the full cash flow conversion analysis, see IREN Ltd (IREN) cash conversion ratio.

Annual Cash Flow Reinvestment Rate for IREN Ltd (2021–2025)

Year-by-year capital reinvestment analysis for IREN Ltd. See financial agility of IREN Ltd to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 11.20x $2.75 Billion $245.89 Million $1.37 Billion ▼ -40.2%
2024 18.74x $978.38 Million $52.22 Million $479.91 Million ▼ -42.8%
2023 32.73x $187.53 Million $5.73 Million $116.06 Million ▲ +15.2%
2022 28.41x $612.36 Million $21.56 Million $294.25 Million ▼ -67.2%
2021 86.68x $113.86 Million $1.31 Million $5.45 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow