What is Iris Energy's equity method investments?

Iris Energy (IREN) reported equity method investments of $0 in Q1 2026.

What does equity method investments mean?

Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

Iris Energy IREN Equity Method Investments

Equity Method Investments at other companies

Marathon Digital HoldingsMARA

$40.66M-20.7%

Cipher Digital, Inc. CIFR

$0-100%

TeraWulfWULF

$434.79M—

KEE

Keel Infrastructure Corp.KEEL

$1.25M—

Hut 8 Mining Corp.HUT

$43.59M-47.7%

WYF

WhiteFiber, Inc. Ordinary SharesWYFI

$1M—

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$13.68B+232%

Enterprise value$11.87B+234%

P/E86.6×+39.2×

P/S18.1×+9.8×

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×—

Current ratio3.7×—

Where this comes from

Reported directly by Iris Energy in its filing.

Tagged under the XBRL concept us-gaap:LongTermInvestments.

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 equity method investments?: Iris Energy (IREN) reported equity method investments of $0 in Q1 2026.
What does equity method investments mean?: Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.