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Iris Energy IREN Market capitalization

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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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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

Computed from the period-end share price: $11.37B.

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 market capitalization?
Iris Energy (IREN) reported market capitalization of $11.37B in Q1 2026.
How has Iris Energy's market capitalization changed year-over-year?
Iris Energy's market capitalization increased by 753.0% year-over-year, from $1.33B to $11.37B.
What is the long-term trend for Iris Energy's market capitalization?
Over 3 years (2022 to 2025), Iris Energy's market capitalization has grown at a 78.5% compound annual growth rate (CAGR), from $491.06M to $2.79B.
What does market capitalization mean?
What the stock market says the company's equity is worth.
How do you interpret market capitalization?
A size and market-sentiment gauge, not a quality measure — interpret through valuation ratios (P/E, P/S) that relate it to fundamentals.
How does market capitalization compare across companies?
Comparable across companies as a size class; the input to every equity-price valuation multiple.