Iren (IREN) Interest Coverage Ratio (2021 - 2026)
Iren's (IREN) quarterly Interest Coverage Ratio came in at 25.36 in Q2 2026, down 834.57% year-over-year from 3.45 in Q2 2025, and down 61.11% quarter-over-quarter from 15.74 in Q1 2026.
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Analysis
Iren (IREN) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Iren (IREN) has reported Interest Coverage Ratio for 6 consecutive years, with 25.36 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio fell 834.57% year-over-year to 25.36 in Q2 2026; TTM through Jun 2026 was 17.67, a 1213.45% decrease from a year earlier, with the FY2026 full-year figure at 17.67, down 1226.09% from the prior year.
- Interest Coverage Ratio was 25.36 for Q2 2026 at Iren, down from 15.74 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 461.63 in Q3 2024 and troughed at 47.8 in Q1 2024.
- A 5-year average of 31.27 and a median of 2.26 in 2023 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio surged 15631.63% in 2022 and plunged 2993.57% in 2024, its largest moves.
- Over 5 years, Interest Coverage Ratio stood at 12.37 in 2022, then surged by 498.41% to 74.03 in 2023, then tumbled by 86.42% to 10.05 in 2024, then plunged by 208.55% to 10.91 in 2025, then sank by 132.39% to 25.36 in 2026.
- The last three Interest Coverage Ratio figures came in at 25.36 (Q2 2026), 15.74 (Q1 2026), and 10.91 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | - |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | -25.36 |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | -4.03 |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | -89.11 |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - | -83.18 |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - | -113.92 |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | 3.13 |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | -66.59 |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | -36.28 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -25.36 |
| Mar 31, 2026 | -15.74 |
| Dec 31, 2025 | -10.91 |
| Sep 30, 2025 | -8.23 |
| Jun 30, 2025 | 3.45 |
| Mar 31, 2025 | 7.09 |
| Dec 31, 2024 | 10.05 |
| Sep 30, 2024 | 461.63 |
| Jun 30, 2024 | -23.62 |
| Mar 31, 2024 | -47.80 |
| Dec 31, 2023 | 74.03 |
| Sep 30, 2023 | 30.65 |
| Jun 30, 2023 | -0.76 |
| Mar 31, 2023 | 2.26 |
| Dec 31, 2022 | 12.37 |
| Dec 31, 2021 | 0.08 |