What is Iris Energy's debt-to-assets?

Iris Energy (IREN) reported debt-to-assets of 0.1× in Q1 2026.

What does debt-to-assets mean?

What fraction of everything the company owns is funded by debt.

How do you interpret debt-to-assets?

A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.

How does debt-to-assets compare across companies?

Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.

Iris Energy IREN Debt-to-assets

Debt-to-assets at other companies

Riot Platforms, Inc.RIOT

0.3×+0.1×

Cipher Digital, Inc. CIFR

0.7×+0.7×

TeraWulfWULF

0.5×+0.1×

Applied DigitalAPLD

0.4×+0.2×

Hut 8 Mining Corp.HUT

0×0.0×

Super Micro Computer, Inc.SMCI

0.3×+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 debt/total assets=0.1×

Based on the most recent quarter.

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 debt-to-assets.

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

Connect your AI

Claude

Questions, answered.

What is Iris Energy's debt-to-assets?: Iris Energy (IREN) reported debt-to-assets of 0.1× in Q1 2026.
What does debt-to-assets mean?: What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?: A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?: Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.