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Iris Energy Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Iris Energy holds $7.3B in total assets. Shareholders' equity is $2.7B against $399.2M in total debt. Cash and equivalents total $2.2B. The current ratio is 3.72 and debt-to-equity is 0.150. Based on the Q1 2026 filing.

Total Assets$7.3BTotal Stockholders Equity$2.7BCash And Equivalents$2.2BTotal Current Assets$2.4BTotal Current Liabilities$651.4M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$22.9B
P/E Ratio144.83
ROE7.88%

Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts payable——$81.7M$70.9M$232.6M$97.0M
Accrued compensation——$1.8M$7.1M$9.1M$14.3M
Accrued Contingent Liabilities——$20.0M$0.0$0.0$0.0
Accrued expenses——$42.4M$80.9M$343.7M$364.8M
Accrued interest——$1.5M$10.3M$2.5M$9.1M
Accrued Progress Collections and Price Adjustments——$0.0$22.2M$39.8M$98.6M
Other Commercial Liabilities——$42.4M$80.9M$343.7M$364.8M
Contract liabilities——$0.0$22.2M$39.8M$98.6M
Convertible Debt - Current———$0.0$0.0$0.0
Accounts payable and other current liabilities (Note 11)——$144.1M$151.9M$576.3M$461.8M
Accrued Income Taxes, Current——$0.0$134.0K$752.0K$910.0K
Accrued Liabilities, Current——$42.4M$80.9M$343.7M$364.8M
Other accrued liabilities——$3.9M$50.2M$36.1M$44.1M
Current portion of long-term debt——$0.0—$61.9M$122.2M
Customer Deposits——$12.9M$13.1M$14.6M$45.2M
Deferred revenue——$884.0K$1.1M$6.8M$21.8M
Finance Lease Liability, Current——$0.0—$61.9M$122.2M
Finance Lease Liability Payment Due————$175.6M$307.8M
Finance Lease Liability - Undiscounted Excess Amount————$19.7M$33.6M
Income taxes payable——$0.0$134.0K$752.0K$910.0K
Lease Liability Payments - 2021————$78.4M$144.0M
Lease Liability Payments - Due Year Two————$51.9M$98.7M
Lease Liability Payments - Due Year Three————$10.1M$29.2M
Lease Liability Payments - Due Year Four————$0.0$0.0
Lease Liability Payments - Remainder of Fiscal Year————$35.1M$36.0M
Note payable to DIRECTV——$3.9M$50.2M$36.1M$44.1M
Operating lease liabilities, current——$404.0K$400.0K$402.0K$540.0K
Other current liabilities——$0.0$2.4M$1.9M$5.8M
Total current liabilities——$149.3M$203.7M$682.1M$651.4M

Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts receivable, net——$1.6M$24.1M$9.6M$69.1M
Assets held for sale——$0.0$0.0$20.1M$6.5M
Cash and cash equivalents$427.3M$184.3M$564.5M$1.0B$3.3B$2.2B
Derivatives——$5.8M$2.9M$0.0$0.0
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)——$20.8M—$37.8M$45.7M
Prepaid expenses and other——$78.8M$83.7M$204.2M$251.8M
Derivative Assets, Current——$5.8M$2.9M$0.0$0.0
Derivative Assets - Fair Value——$122.1M$314.4M$215.7M$192.0M
Derivative assets——$127.9M$317.3M$215.7M$192.0M
Trading assets——$211.6M$681.4M$0.0$0.0
Income taxes receivable——$2.6M$0.0$0.0$0.0
Other Receivables——$20.8M—$37.8M$45.7M
Prepaid expenses and other current assets$22.2M—$45.9M$53.3M$55.3M$90.0M
Short-term investments——$0.0———
Total current assets——$641.2M$1.1B$3.4B$2.4B

Non-Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accumulated Goodwill Impairment Losses—————$0.0
Deferred tax assets——$8.0M$195.4M$8.1M$640.0K
Deferred Tax Assets and Other Non-Current Assets——$486.0K$317.0K$282.0K$5.0M
Deposits on Licenses——$29.8M$30.5M$138.5M$156.9M
Derivative Assets, Non-Current——$122.1M$314.4M$215.7M$192.0M
Equity method investments——$211.6M$681.4M$0.0$0.0
Goodwill—————$1.2M
Goodwill and Intangible Assets, Net——$0.0——$108.8M
Intangible assets, net——$0.0—$107.6M—
Net Investment in Lease——$1.5M$1.4M$1.3M$2.9M
Intangible assets — net——$0.0—$107.6M—
Goodwill and intangible assets, net——$0.0——$108.8M
Investments——$211.6M$681.4M$0.0$0.0
Operating lease right-of-use assets——$1.5M$1.4M$1.3M$2.9M
Other non-current assets——$486.0K$317.0K$282.0K$5.0M
Property, plant and equipment, net——$1.9B—$3.2B$4.4B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)——$0.0———
Operating lease right-of-use assets——$0.0$1.4M$160.0M$301.8M
Operating Lease Right-of-Use Assets in Other Assets——$1.5M$1.4M$1.3M$2.9M
Other non-current assets——$486.0K$317.0K$282.0K$5.0M
Accumulated depreciation——$181.2M$265.2M$346.9M$445.6M
Total property and equipment, gross——$2.1B—$3.6B$5.0B
Prepaid Expenses, Non-Current——$32.9M$30.5M$148.8M$161.8M
Software and Technology Licenses, Net——$486.0K$317.0K$282.0K$5.0M
Total assets——$2.9B$4.3B$7.0B$7.3B
Total noncurrent assets——$2.3B$3.1B$3.6B$4.8B

Equity

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Additional paid-in capital——$88.7M$157.7M-$1.8B-$1.7B
Accumulated other comprehensive income (loss)——-$30.1M-$35.5M-$32.3M-$39.4M
Common Stock Shares Outstanding——$34.6M$32.7M$23.4M$20.8M
Cumulative Gross Losses and Impairments—————$0.0
Number of Exercisable Options———$30.2M$21.7M$19.4M
Retained earnings——-$596.2M-$211.6M-$367.0M-$614.8M
Share-Based Payment Award Options Outstanding - Number——7.9M5.6M5.5M5.5M
Share-Based Payment - Unrecognized Cost of Nonvested Awards———$58.6M$40.4M$38.2M
Share Repurchase Authorization Limit————$665.4M$665.4M
Total liabilities and stockholders' equity——$2.9B$4.3B$7.0B$7.3B
Total stockholders' equity$1.2B$1.3B$1.8B$2.9B$2.5B$2.7B
Weighted Average Exercise Price of Exercisable Options———$3.60$4.29$4.29
Weighted Average Exercise Price of Outstanding Options——$47.07$65.25$65.96$65.98

Non-Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Contract Liabilities, Non-Current——$0.0$22.2M$39.8M$98.6M
Convertible Debt (Non-Current)——$962.8M$964.2M$3.7B$3.7B
Finance lease liabilities——$0.0—$94.1M$152.1M
Finance Lease Liabilities (Total)——$0.0—$155.9M$274.3M
Long-Term Debt - Fair Value——$962.8M$964.2M$3.7B$3.7B
Deferred revenue, net of current portion——$0.0$22.2M$39.8M$98.6M
Liability For Uncertain Tax Positions Noncurrent——$1.5M$2.0M$2.3M$2.7M
Notes Payable - Fair Value——$962.8M$964.2M$3.7B$3.7B
Operating lease liabilities, non-current——$1.1M$1.0M$936.0K$2.3M
Operating Lease Liabilities (Total)——$1.5M———
Other non-current liabilities——$234.0K$2.6M$3.8M$4.9M
Total liabilities——$1.1B$1.4B$4.5B$4.6B
Total noncurrent liabilities——$973.5M$1.2B$3.8B$3.9B

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Fair Value Measurement Disclosure——$122.1M$314.4M$215.7M$192.0M
Employee benefits——$234.0K$289.0K$306.0K$339.0K
Employee payroll tax withheld on employee stock transactions——$566.0K$30.4M$22.5M$14.8M
Payroll taxes——$0.0$2.3M$3.5M$4.6M
Capital expenditure commitments——$368.8M$1.1B$8.8B$11.9B
Other Commitment——$368.8M$1.1B$8.7B$11.9B
Contract with Customer, Liability——$884.0K$23.3M$46.6M$120.4M
Payable portion per tranche, percentage————20.0%—
Long-term debt, net——$962.8M$964.2M$3.7B$3.7B
Convertible Notes Payable——$962.8M$964.2M$979.3M$3.7B
Deferred income taxes——$8.0M$195.4M$8.1M$640.0K
Derivatives——$122.1M$314.4M$215.7M$192.0M
Cost not yet recognized———$58.6M$40.4M$38.2M
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value——$122.1M$314.4M$215.7M$192.0M
Current maturities of long-term debt——$0.0—$61.9M$122.2M
Finance Lease Liability Payments Due————$175.6M$307.8M
2027————$78.4M$144.0M
Finance Lease Liability Payments Due Year Four————$0.0$0.0
Finance Lease Liability Payments Due Year Three————$10.1M$29.2M
Finance Lease Liability Payments Due Year Two————$51.9M$98.7M
Thereafter————$0.0$0.0
Finance Lease Liability Undiscounted Excess Amount————$19.7M$33.6M
Percentage leased———100.0%100.0%100.0%
Finance Lease, Right-of-Use Asset, after Accumulated Amortization——$0.0—$159.3M$290.5M
Property, plant and equipment——$0.0—$160.0M$301.8M
Goodwill, Gross—————$1.2M
Goodwill accumulated impairment losses—————$0.0
Tax receivable within other current assets——$2.6M$0.0$0.0$0.0
Intangible Assets, Accumulated Amortization (Including Goodwill)—————$0.0
Intangible Assets, Gross (Including Goodwill)—————$108.8M
Loss Contingency Accrual——$20.0M$0.0$0.0$0.0
Amounts payable after 12 months of balance date:——$0.0$0.0$38.0M$3.4M
Other——$0.0$2.4M$1.9M$5.8M
Prepaid expenses——$33.0M—$40.8M$44.8M
Prepaid ship and debits——$3.1M—$5.7M$4.9M
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Impaired, Accumulated Impairment Loss——$385.0K—$36.3M$171.5M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied———$195.0M$9.7B$710.3M
Sale of stock, price per share (in dollars per share)————$41.12—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number——$7.9M$5.6M$5.5M$5.5M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price——$47.1$65.3$66.0$66.0
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value———$30.2M$21.7M$19.4M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value——$34.6M$32.7M$23.4M$20.8M
Share Repurchase Program, Authorized, Amount————$665.4M$665.4M
Remainder of Fiscal Year 2024————$35.1M$36.0M
Weighted-Average Discount Rate0.0%0.0%——9.6%9.7%
Weighted-Average Discount Rate - Finance Leases$0.0$0.0——$0.1$0.1