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Iris Energy IREN Interest coverage

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-5.2×
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-2×-0.9×
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-11.4×
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-17.1×-18.6×
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11×-21.5×
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544.6×+194×

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

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Return on equity7.9%
Debt / equity0.1×
Current ratio3.7×

Where this comes from

Calculated from Iris Energy’s reported figures.

Based on trailing twelve months.

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 interest coverage?
Iris Energy (IREN) reported interest coverage of -10.2× in Q1 2026.
How has Iris Energy's interest coverage changed year-over-year?
Iris Energy's interest coverage decreased by 716.4% year-over-year, from -1.3× to -10.2×.
What is the long-term trend for Iris Energy's interest coverage?
Over 2 years (2023 to 2025), Iris Energy's interest coverage has grown at a -59.8% compound annual growth rate (CAGR), from -9.7× to 1.6×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.