What is Iris Energy's current ratio?

Iris Energy (IREN) reported current ratio of 3.7× in Q1 2026.

What does current ratio mean?

Whether the company has enough short-term assets to cover its short-term bills.

How do you interpret current ratio?

Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.

How does current ratio compare across companies?

Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.

Iris Energy IREN Current ratio

Current ratio at other companies

Riot Platforms, Inc.RIOT

1.1×-2.1×

Cipher Digital, Inc. CIFR

3.1×+2.0×

TeraWulfWULF

1.2×-0.7×

Applied DigitalAPLD

2.4×+1.7×

Hut 8 Mining Corp.HUT

0.9×-0.4×

Super Micro Computer, Inc.SMCI

2.7×-4.0×

Other financials

Income statement

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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

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Cash & equivalents$2.2B+1,101%

Total debt$399.2M—

Total equity$2.7B+98.2%

Total assets$7.3B—

Cash flow

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Operating cash flow$75.3M-19.1%

CapEx$949.2M+2,548%

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

Valuation

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Market cap$21.43B+753%

Enterprise value$19.61B—

P/E135.6×—

P/S28.3×+21.3×

Profitability

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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×—

Where this comes from

Calculated from Iris Energy’s reported figures.

total current assets/total current liabilities=3.7×

Based on the most recent quarter.

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

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Questions, answered.

What is Iris Energy's current ratio?: Iris Energy (IREN) reported current ratio of 3.7× in Q1 2026.
What does current ratio mean?: Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?: Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?: Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.