TeraWulf Inc. (WULF)

Name: TeraWulf Inc. (WULF) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

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SEC name TERAWULF INC. · CIK 0001083301 · Nasdaq · Finance Services

Sector Finance & Real Estate
Incorporated DE
Fiscal year ends Dec 31

For the year ended 2025-12-31, TeraWulf Inc. reported revenue of $168.46M. Revenue grew 20.3% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $165.19M.

Key ratios (year ended 2025-12-31)

39.2%

Gross margin

-110.5%

Operating margin

-392.6%

Net margin

-470.9%

Return on year-end equity

20.3%

Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-10-05

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period ended	TTM to 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2021-03-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31
Revenue	$165.19M	$168.46M	$140.05M	$69.23M	$15.03M	n/a	n/a	n/a	n/a	n/a	n/a
Cost of Revenue	$50.78M	$82.66M	$62.61M	$27.32M	$11.08M	n/a	n/a	$9.53M	$12.22M	$11.96M	$11.51M
Gross Profit	$66.44M	$66.05M	$69.79M	$37.02M	$3.95M	n/a	n/a	$3.91M	$5.40M	$6.25M	$5.73M
R&D Expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$671.5K	$870.3K	$677.2K	$688.7K
Operating Income	-$413.59M	-$186.21M	-$76.22M	-$29.42M	-$43.74M	n/a	n/a	-$1.79M	-$956.7K	$225.8K	-$464.6K
Depreciation & Amortization	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$640.0K	$758.8K	$836.9K
EBITDA	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-$316.7K	$984.7K	$372.3K
Net Income	-$1.95B	-$661.42M	-$72.42M	-$73.42M	-$90.79M	n/a	n/a	-$439.3K	-$813.6K	$139.5K	-$226.1K
EPS (Diluted)	n/a	-$1.66	-$0.21	-$0.35	-$0.82	n/a	n/a	-$0.22	-$0.41	$0.07	-$0.11
Total Assets	$8.05B	$6.56B	$787.51M	$378.11M	$317.69M	$264.91M	$30.00M	$15.44M	$16.88M	$17.42M	$16.92M
Total Liabilities	$7.90B	$6.42B	$543.07M	$155.62M	$199.93M	$141.73M	$1.74M	$3.60M	$4.62M	$4.31M	$3.97M
Long-Term Debt	n/a	$3.10B	$0	$123.52M	$124.91M	$94.63M	n/a	n/a	$2.92M	$3.06M	n/a
Shareholders' Equity	$147.28M	$140.44M	$244.44M	$222.49M	$117.75M	$123.18M	$28.27M	$11.84M	$12.26M	$13.11M	$12.96M
Cash & Equivalents	$2.62B	$3.27B	$274.06M	$54.44M	$1.28M	$43.45M	$6.30M	$3.69M	$963.6K	$1.62M	$929.7K
Operating Cash Flow	-$279.16M	-$123.18M	-$24.42M	$4.26M	-$34.07M	n/a	n/a	-$398.8K	-$477.0K	$1.22M	$204.7K
Capital Expenditures	$2.23B	$1.06B	$267.94M	$75.17M	$61.12M	n/a	n/a	$149.9K	$478.4K	$543.1K	$230.1K
Free Cash Flow	-$2.50B	-$1.18B	-$292.36M	-$70.91M	-$95.18M	n/a	n/a	-$548.7K	-$955.4K	$681.6K	-$25.4K
Share Repurchases	$0	$33.29M	$118.22M	$0	$0	n/a	n/a	n/a	$49.6K	n/a	$300.5K
Shares Outstanding	498.93M	420.07M	385.65M	276.73M	145.49M	99.98M	50.00M	1.98M	1.98M	1.98M	1.98M
Dividends Per Share	n/a	$0.00	$0.00	$0.00	$0.00	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Average Diluted Shares	n/a	397.61M	351.32M	209.96M	110.64M	n/a	n/a	1.98M	1.98M	1.98M	2.01M
EPS (Basic)	n/a	-$1.66	-$0.21	-$0.35	-$0.82	n/a	n/a	-$0.22	-$0.41	$0.07	-$0.11

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