Iris Energy Limited (IREN) Balance Sheet
IREN balance sheet, FY2026
June 30, 2026 · U.S. dollars$15.79B assets = $11.60B liabilities + $4.19B equity
Both columns are drawn to the same scale: what IREN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IREN financial health
Descriptive bands, not a rating. Fiscal FY2026.
IREN balance sheet trends, FY2025–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.94BFY2025 | $15.79BFY2026 | +437.0%/yr | |
| Total liabilities | $1.12BFY2025 | $11.60BFY2026 | +933.5%/yr | |
| Shareholders’ equity | $1.82BFY2025 | $4.19BFY2026 | +130.3%/yr | |
| Cash & short-term investments | $564.5MFY2025 | $5.90BFY2026 | +944.3%/yr | |
| Total debt | $964.2MFY2025 | $7.84BFY2026 | +713.0%/yr | |
| Net cash (debt) | −$399.7MFY2025 | −$1.94BFY2026 | −$1.5B | |
| Working capital | $491.8MFY2025 | $5.67BFY2026 | +$5.2B | |
| Book value per share | $8.14FY2025 | $13.24FY2026 | +62.6%/yr | |
| Current ratio | 4.29FY2025 | 3.55FY2026 | −0.74 | |
| Debt / equity | 0.53FY2025 | 1.87FY2026 | +1.34 | |
| Shares outstanding | 223.2MFY2025 | 316.1MFY2026 | +41.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IREN assets
IREN liabilities and equity
IREN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IREN balance sheet
| FY2026 | FY2025 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $5.90B | $564.5M |
| Cash & equivalents | $5.90B | $564.5M |
| Short-term investments | — | $0 |
| Receivables | $58.7M | $25.0M |
| Inventory | $0 | $0 |
| Other current assets | $1.93B | $51.7M |
| Total current assets | $7.89B | $641.2M |
| Property, plant & equipment (net) | $6.76B | $1.94B |
| Goodwill & intangible assets | $354.0M | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $794.0M | $364.1M |
| Total assets | $15.79B | $2.94B |
| Liabilities | ||
| Accounts payable | $1.30B | $81.7M |
| Short-term debt | $295.3M | $404,000 |
| Deferred revenue | $46.5M | $884,000 |
| Total current liabilities | $2.22B | $149.3M |
| Long-term debt | $7.42B | $962.8M |
| Lease obligations | $246.6M | $1.5M |
| Other long-term liabilities | $1.96B | $10.7M |
| Total liabilities | $11.60B | $1.12B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $7.17B | $2.36B |
| Retained earnings (deficit) | −$1.30B | −$596.2M |
| Accumulated other comprehensive income | −$41.4M | −$30.1M |
| Total shareholders' equity | $4.19B | $1.82B |
| Key figures | ||
| Total debt | $7.84B | $964.2M |
| Net cash (debt) | −$1.94B | −$399.7M |
| Working capital | $5.67B | $491.8M |
| Tangible book value | $3.83B | $1.82B |
| Book value per share | $13.24 | $8.14 |
| Shares outstanding | 316.1M | 223.2M |
| Current ratio | 3.55 | 4.29 |
| Quick ratio | 2.68 | 3.95 |
| Debt / equity | 1.87 | 0.53 |
| Equity / assets | 26.5% | 61.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $6.08B | $2.21B | $3.26B | $1.03B | $564.5M | $196.0M | $455.6M |
| Cash & equivalents | $5.90B | $2.21B | $3.26B | $1.03B | $564.5M | $184.3M | $427.3M |
| Short-term investments | $189.1M | — | — | — | $0 | $11.7M | $28.3M |
| Receivables | $21.1M | $114.8M | $47.4M | $35.5M | $25.0M | $21.0M | $26.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $1.78B | $96.5M | $75.4M | $56.2M | $51.7M | $38.9M | $43.2M |
| Total current assets | $7.89B | $2.42B | $3.38B | $1.12B | $641.2M | $255.9M | $525.2M |
| Property, plant & equipment (net) | $6.76B | $4.37B | $3.17B | $2.12B | $1.94B | $1.67B | $1.21B |
| Goodwill & intangible assets | $354.0M | $108.8M | $107.6M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $34.7M | $56.0M |
| Other non-current assets | $794.0M | $358.8M | $364.8M | $1.03B | $364.1M | $24.8M | $59.8M |
| Total assets | $15.79B | $7.26B | $7.03B | $4.27B | $2.94B | $1.99B | $1.85B |
| Liabilities | |||||||
| Accounts payable | $1.83B | $97.0M | $232.6M | $70.9M | $81.7M | $172.3M | $144.6M |
| Short-term debt | $295.3M | $122.7M | $62.3M | $400,000 | $404,000 | $322.8M | $318.6M |
| Deferred revenue | — | $21.8M | $6.8M | $1.1M | $884,000 | $1.7M | $2.3M |
| Total current liabilities | $2.22B | $651.4M | $682.1M | $203.7M | $149.3M | $553.1M | $559.0M |
| Long-term debt | $7.42B | $3.69B | $3.69B | $964.2M | $962.8M | $0 | $0 |
| Lease obligations | $246.6M | $277.1M | $157.3M | $1.4M | $1.5M | $1.6M | $1.7M |
| Other long-term liabilities | $1.96B | $261.2M | $149.0M | $223.3M | $10.7M | $11.1M | $6.8M |
| Total liabilities | $11.60B | $4.60B | $4.52B | $1.39B | $1.12B | $564.2M | $565.8M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $4.19B | $5.05B | $4.67B | $2.97B | $2.36B | $2.09B | $1.99B |
| Retained earnings (deficit) | −$1.30B | −$614.8M | −$367.0M | −$211.6M | −$596.2M | −$691.8M | −$716.1M |
| Accumulated other comprehensive income | — | −$39.4M | −$32.3M | −$35.5M | −$30.1M | −$45.1M | −$45.1M |
| Total shareholders' equity | $4.19B | $2.66B | $2.51B | $2.88B | $1.82B | $1.43B | $1.29B |
| Key figures | |||||||
| Total debt | $7.84B | $3.96B | $3.84B | $965.6M | $964.2M | $324.1M | $319.9M |
| Net cash (debt) | −$1.75B | −$1.75B | −$582.0M | $66.6M | −$399.7M | −$128.0M | $135.7M |
| Working capital | $5.67B | $1.77B | $2.70B | $920.2M | $491.8M | −$297.2M | −$33.9M |
| Tangible book value | $3.83B | $2.56B | $2.40B | $2.88B | $1.82B | $1.43B | $1.29B |
| Book value per share | $11.56 | $7.98 | $8.43 | $7.95 | $7.07 | $6.52 | $6.11 |
| Shares outstanding | 362.0M | 333.7M | 298.0M | 361.7M | 257.2M | 218.7M | 210.5M |
| Current ratio | 3.55 | 3.72 | 4.96 | 5.52 | 4.29 | 0.46 | 0.94 |
| Quick ratio | 2.75 | 3.57 | 4.85 | 5.24 | 3.95 | 0.39 | 0.86 |
| Debt / equity | 1.87 | 1.49 | 1.53 | 0.34 | 0.53 | 0.23 | 0.25 |
| Equity / assets | 26.5% | 36.7% | 35.7% | 67.4% | 61.8% | 71.6% | 69.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 27, 2026); data from EODHD.
IREN financial position
At the end of fiscal 2026 (June 30, 2026), Iris Energy had total assets of $15.8 billion (up 437.0% from a year earlier), total liabilities of $11.6 billion and shareholders' equity of $4.2 billion. It held $5.9 billion in cash and short-term investments against $7.8 billion of debt, net debt of $1.9 billion. Its current ratio was 3.55.
Related: IREN income statement, IREN cash flow statement, IREN key metrics. See the IREN stock overview for the latest quote and news.
IREN balance sheet FAQ
What are Iris Energy's total assets?
Iris Energy reported total assets of $15.8 billion at the end of fiscal 2026 (June 30, 2026), compared with $2.9 billion a year earlier.
How much debt does Iris Energy have?
Iris Energy had $7.8 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.87.
How much cash does Iris Energy have?
Iris Energy held $5.9 billion in cash and short-term investments at the end of fiscal 2026; with $7.8 billion of debt that is net debt of $1.9 billion.
What is Iris Energy's book value?
Iris Energy's shareholders' equity (book value) was $4.2 billion at the end of fiscal 2026, or $13.24 per share.
What is Iris Energy's current ratio?
Iris Energy had current assets of $7.9 billion and current liabilities of $2.2 billion, a current ratio of 3.55 (it can cover its short-term obligations).
How much goodwill does Iris Energy have?
Iris Energy carried $354.0 million of goodwill and intangible assets, 2.2% of total assets, at the end of fiscal 2026.