What is Iris Energy's quick ratio?

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

What does quick ratio mean?

Can the company cover short-term bills without having to sell inventory first?

How do you interpret quick ratio?

More conservative than the current ratio. A wide gap between the two flags heavy reliance on inventory to meet near-term obligations.

How does quick ratio compare across companies?

Most informative for inventory-heavy businesses; converges with the current ratio for firms that carry little inventory.

Iris Energy IREN Quick ratio

Quick 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

1.3×-2.7×

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.

quick 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 quick ratio?: Iris Energy (IREN) reported quick ratio of 3.7× in Q1 2026.
What does quick ratio mean?: Can the company cover short-term bills without having to sell inventory first?
How do you interpret quick ratio?: More conservative than the current ratio. A wide gap between the two flags heavy reliance on inventory to meet near-term obligations.
How does quick ratio compare across companies?: Most informative for inventory-heavy businesses; converges with the current ratio for firms that carry little inventory.