What is Iris Energy's return on assets?

Iris Energy (IREN) reported return on assets of 4.2% in Q2 2025.

What does return on assets mean?

How much profit the company squeezes out of everything it owns.

How do you interpret return on assets?

Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.

How does return on assets compare across companies?

Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.

Iris Energy IREN Return on assets

Return on assets at other companies

Riot Platforms, Inc.RIOT

-24.2%+294pp

Cipher Digital, Inc. CIFR

-24.6%—

TeraWulfWULF

-26.2%+11.4pp

Applied DigitalAPLD

-3.9%-1.7pp

Hut 8 Mining Corp.HUT

-14.9%-24.1pp

Super Micro Computer, Inc.SMCI

7.3%-4.4pp

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.

net income/total assets=4.2%

Based on trailing twelve months.

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 return on 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 return on assets?: Iris Energy (IREN) reported return on assets of 4.2% in Q2 2025.
What does return on assets mean?: How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?: Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?: Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.