Iren Debt-to-Equity Ratio Growth & History (IREN)
Iren's debt-to-equity ratio was 1.87 for fiscal 2026.
View full Iren company overviewIren annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | 1.87 | 1.34 | +253.04% |
| 2025 | 2025-06-30 | 0.53 | 0.53 | +19462.42% |
| 2024 | 2024-06-30 | 0.00 | −0.01 | −71.40% |
| 2023 | 2023-06-30 | 0.01 | −0.24 | −96.17% |
| 2022 | 2022-06-30 | 0.25 | — | — |
| 2020 | 2020-06-30 | 0.22 | — | — |
Iren quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | 1.87 | 1.34 | +253.04% |
| Q3 2026 | 2026-03-31 | 0.10 | 0.10 | +9194.23% |
| Q2 2026 | 2025-12-31 | 0.06 | — | — |
| Q1 2026 | 2025-09-30 | 0.00 | −0.00 | −78.51% |
| Q4 2025 | 2025-06-30 | 0.53 | 0.53 | +19462.42% |
| Q3 2025 | 2025-03-31 | 0.00 | −0.00 | −55.87% |
| Q1 2025 | 2024-09-30 | 0.00 | — | — |
| Q4 2024 | 2024-06-30 | 0.00 | −0.01 | −71.40% |
| Q3 2024 | 2024-03-31 | 0.00 | — | — |
| Q4 2023 | 2023-06-30 | 0.01 | −0.24 | −96.17% |
| Q4 2022 | 2022-06-30 | 0.25 | — | — |
Iren debt-to-equity ratio trends
Between the periods ended 2020-06-30 and 2026-06-30, Iren's debt-to-equity ratio increased from 0.22 to 1.87, a change of 1.65. The latest reported quarter, Q4 2026, shows 1.87.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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