Growth Metrics

Iren (IREN) Convertible Debt (2024 - 2026)

Iren (IREN) reported Convertible Debt of $3.7 billion for Q1 2026, up 1043.58% year-over-year from $322.5 million in Q1 2025, and little changed on a QoQ basis from $3.7 billion in Q4 2025.

Iren (IREN) has 3 years of Convertible Debt data on file, last reported at $3.7 billion in Q1 2026.

  • Quarterly Convertible Debt rose 1043.58% year-over-year to $3.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.7 billion (up 1043.58% YoY) and the FY2025 annual result came in at $962.8 million, changed N/A from the prior year.
  • Convertible Debt steadied at $3.7 billion in Q1 2026 per IREN's latest filing, from $3.7 billion in the prior quarter.
  • Across five years, Convertible Debt topped out at $3.7 billion in Q1 2026 and bottomed at $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.
  • The widest annual swing landed in 2025, when Convertible Debt soared 1058.12%; it then surged 1043.58% in 2026.
  • Tracing IREN's Convertible Debt over 3 years: stood at $318.2 million in 2024, then soared by 1058.12% to $3.7 billion in 2025, then grew by 0.07% to $3.7 billion in 2026.
  • Per Business Quant, the three latest IREN Convertible Debt figures stand at $3.7 billion (Q1 2026), $3.7 billion (Q4 2025), and $964.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn -
2 Goldman Sachs 318.59 Bn -618.96 Bn -
3 Schwab Charles 154.74 Bn 109.76 Bn -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn -
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn -
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn -
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn

Historic Data

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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