Iren (IREN) Convertible Debt (2024 - 2026)

Iren (IREN) posted quarterly Convertible Debt of $3.7 billion for Q1 2026, up 1043.58% YoY from $322.5 million in Q1 2025, and little changed sequentially from $3.7 billion in Q4 2025.

Iren (IREN) Convertible Debt (2024 - 2026) Analysis & Trends

Iren has disclosed Convertible Debt across 3 years of filings, most recently posting $3.7 billion for Q1 2026.

  • In Q1 2026, Convertible Debt rose 1043.58% year-over-year to $3.7 billion; the TTM figure through Mar 2026 stood at $3.7 billion (up 1043.58% YoY), while the FY2025 annual figure was $962.8 million, changed N/A from the prior year.
  • Convertible Debt steadied at $3.7 billion in Q1 2026, from $3.7 billion in the prior quarter.
  • Over the last five years, Convertible Debt for IREN reached as high as $3.7 billion in Q1 2026 and fell as low as $318.2 million in Q4 2024.
  • The 3-year median for Convertible Debt is $963.5 million (2025), against an average of $1.7 billion.
  • Annual changes were most pronounced in 2025 — Convertible Debt surged 1058.12% — and 2026, when it jumped 1043.58%.
  • A 3-year view of Convertible Debt shows it stood at $318.2 million in 2024, then surged by 1058.12% to $3.7 billion in 2025, then rose by 0.07% to $3.7 billion in 2026.
  • According to Business Quant data, Convertible Debt over the past three periods registered $3.7 billion, $3.7 billion, and $964.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn -
2 Goldman Sachs 309.79 Bn -627.76 Bn -
3 Schwab Charles 167.21 Bn 122.24 Bn -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn -
7 Tradeweb Markets 21.59 Bn 20.34 Bn -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.69 Bn
Dec 31, 2025 3.69 Bn
Sep 30, 2025 964.21 Mn
Jun 30, 2025 962.77 Mn
Mar 31, 2025 322.48 Mn
Dec 31, 2024 318.21 Mn