What is Iris Energy's asset turnover?

Iris Energy (IREN) reported asset turnover of 0.2× in Q2 2025.

What does asset turnover mean?

How many sales dollars the company generates from each dollar of assets.

How do you interpret asset turnover?

Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.

How does asset turnover compare across companies?

Compare within an industry — turnover differences across sectors reflect business models, not performance.

Iris Energy IREN Asset turnover

Asset turnover at other companies

Riot Platforms, Inc.RIOT

0.2×0.0×

Cipher Digital, Inc. CIFR

0.1×-0.1×

TeraWulfWULF

0×-0.2×

Applied DigitalAPLD

0.1×0.0×

Hut 8 Mining Corp.HUT

0.1×0.0×

Super Micro Computer, Inc.SMCI

2×-0.2×

Other financials

Income statement

See full

Revenue$144.8M0.0%

Gross profit$104.9M+1.9%

Operating income-$233.5M-899%

Net income-$247.8M-1,435%

EPS (diluted)-$0.74-957%

Balance sheet

See full

Cash & equivalents$2.2B+1,101%

Total debt$399.2M—

Total equity$2.7B+98.2%

Total assets$7.3B—

Cash flow

See full

Operating cash flow$75.3M-19.1%

CapEx$949.2M+2,548%

Free cash flow-$873.8M-1,602%

Valuation

See full

Market cap$21.43B+753%

Enterprise value$19.61B—

P/E135.6×—

P/S28.3×+21.3×

Profitability

See full

Gross margin68.4%+3.9pp

Operating margin-54%-56.2pp

Net margin20.9%+13.4pp

FCF margin-193%-522pp

Returns & leverage

See full

Return on equity7.9%—

Debt / equity0.1×—

Current ratio3.7×—

Where this comes from

Calculated from Iris Energy’s reported figures.

total revenue/total assets=0.2×

Based on trailing twelve months.

The official record: Iris Energy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

Ask your AI about Iris Energy's asset turnover.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Iris Energy's asset turnover?: Iris Energy (IREN) reported asset turnover of 0.2× in Q2 2025.
What does asset turnover mean?: How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?: Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?: Compare within an industry — turnover differences across sectors reflect business models, not performance.