Other Income & Expense
Interest Expense
Iris Energy Interest Expense increased by 39.1% to $14.84M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 260.2%, from $4.12M to $14.84M. Over 2 years (FY 2023 to FY 2025), Interest Expense shows a downward trend with a -17.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOther Income & Expense
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
How to read this metric
Increasing interest expense may signal higher debt levels or rising interest rates, which can reduce net profitability.
Detailed definition
Interest expense represents the cost incurred by a company for borrowed funds, such as loans, bonds, or other debt instr...
Peer comparison
Highly dependent on the company's capital structure; peers with lower debt-to-equity ratios will show lower interest expenses.
Metric ID:
interest_expenseHistorical Data
15 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.05M | $4.05M | $4.05M | $4.05M | $24.50K | $24.50K | $24.50K | $24.50K | $22.00K | $1.72M | $4.12M | $5.18M | $9.28M | $10.67M | $14.84M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -99.4% | +0.0% | +0.0% | +0.0% | -10.2% | >999% | +139.2% | +25.8% | +79.1% | +15.0% | +39.1% |
| YoY Change | — | — | — | — | -99.4% | -99.4% | -99.4% | -99.4% | -10.2% | >999% | >999% | >999% | >999% | +519.5% | +260.2% |
Range$22.00K – $14.84M
CAGR+44.9%
Avg YoY Growth>999%
Median YoY Growth+260.2%
Current Streak6 quarters growth
Interest Expense at Other Companies
Frequently Asked Questions
- What is Iris Energy's interest expense?
- Iris Energy (IREN) reported interest expense of $14.84M in Q1 2026.
- How has Iris Energy's interest expense changed year-over-year?
- Iris Energy's interest expense increased by 260.2% year-over-year, from $4.12M to $14.84M.
- What is the long-term trend for Iris Energy's interest expense?
- Over 2 years (2023 to 2025), Iris Energy's interest expense has grown at a -17.4% compound annual growth rate (CAGR), from $16.21M to $11.05M.
- What does interest expense mean?
- The cost of borrowing money, paid as interest on debt.