Other

Convertible Notes Payable

Iris Energy Convertible Notes Payable increased by 276.6% to $3.69B in Q1 2026 compared to the prior quarter.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ4 2025
Last reportedQ3 2026May 8, 2026

How to read this metric

An increase indicates reliance on convertible debt for capital, which provides lower interest costs but carries the risk of equity dilution.

Detailed definition

This represents debt instruments that can be converted into a predetermined number of common shares at the option of the...

Peer comparison

Frequently used by high-growth technology companies to raise capital; comparable to other firms with convertible debt structures.

Metric ID: other_convertible_notes_payable

Historical Data

4 periods
 Q4 '25Q1 '26Q2 '26Q3 '26
Value$962.77M$964.21M$979.25M$3.69B
QoQ Change—+0.1%+1.6%+276.6%
Range$962.77M – $3.69B
Current Streak3+ quarters growth

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Frequently Asked Questions

What is Iris Energy's convertible notes payable?
Iris Energy (IREN) reported convertible notes payable of $3.69B in Q1 2026.
What does convertible notes payable mean?
Long-term debt that can be turned into company stock under certain conditions.