WULF
$12.01-0.41%
TeraWulf Inc.Stock · FinancialsNasdaq Composite · 0.02% of ONEQUS Stock Market · 0.01% of VTIRussell 1000 · 0.01% of IWBRussell 3000 · 0.01% of IWV
WULF financial statements
The full income statement, balance sheet, and cash-flow statement for TeraWulf Inc. (WULF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 382.6M2024-09 385.9M2024-12 383.1M2025-03 384.6M2025-06 391.9M2025-09 418.7M2025-12 424.1M2026-03 495.5M2026-06 499.0M+30.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 168M+20.3% | 140M+102.3% | 69.2M+360.5% | 15.0M | — | ||
| Lease income | 16.9M | 0.00 | 0.00 | — | — | |
| 66.0M-5.4% | 69.8M+88.5% | 37.0M+837.3% | 3.95M | — | ||
| Cost of revenue | 82.7M+32.0% | 62.6M+129.2% | 27.3M+146.5% | 11.1M | — | |
| — | — | 71.3M+49.6% | 47.7M+9.9% | 43.4M | ||
| Selling, general & administrative | — | — | — | 22.8M-4.2% | 23.8M+373.3% | |
| Operating income | -186M-144.3% | -76.2M-159.1% | -29.4M+32.7% | -43.7M-0.8% | -43.4M-2329.9% | |
| Interest expense | 80.2M+305.4% | 19.8M-43.1% | 34.8M+41.1% | 24.7M+994.4% | 2.25M+2505.1% | |
| Equity-method income | -4.13M-222.8% | 3.36M+136.2% | -9.29M+40.9% | -15.7M-921.6% | -1.54M | |
| Gain (loss) on equity securities | 0.00-100.0% | 22.6M | 0.00 | 0.00 | — | |
| Pre-tax income | -661M-813.2% | -72.4M+1.4% | -73.4M+14.8% | -86.2M-88.8% | -45.7M-6931.0% | |
| Income tax | 76.0K | 0.00 | 0.00+100.0% | -256K+58.4% | -615K-192.9% | |
| -661M-813.3% | -72.4M+1.4% | -73.4M+19.1% | -90.8M+5.1% | -95.7M-21679.8% | ||
| Discontinued operations | 0.00 | 0.00+100.0% | -129K+97.3% | -4.86M+90.1% | -49.1M | |
| Net income to common | — | — | -74.5M+18.7% | -91.6M+4.3% | -95.7M | |
| -$1.66-690.5% | -$0.21+40.0% | -$0.35+57.3% | -$0.82 | — | ||
| EPS (basic) | -$1.66-690.5% | -$0.21+40.0% | -$0.35+57.3% | -$0.82 | — | |
| Weighted-avg shares (basic) | 398M+13.2% | 351M+67.3% | 210M+89.8% | 111M+29.9% | 85.2M+4211.0% | |
| Weighted-avg shares (diluted) | 398M+13.2% | 351M+67.3% | 210M+89.8% | 111M+29.9% | 85.2M+4211.0% | |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.48B+1135.9% | 281M+349.7% | 62.6M+342.5% | 14.1M-79.2% | 68.1M+772.1% | ||
| Cash & equivalents | 3.27B+1091.8% | 274M+403.4% | 54.4M+4156.4% | 1.28M-97.1% | 43.4M+1076.2% | |
| Accounts receivable | 1.21M+155.2% | 475K | — | — | — | |
| Prepaid expenses | 6.27M+151.6% | 2.49M-45.1% | 4.54M-10.9% | 5.09M+241.0% | 1.49M+1086.0% | |
| Other current assets | 14.2M+11442.3% | 123K-84.7% | 806K+48.4% | 543K+402.8% | 108K | |
| 6.56B+732.8% | 788M+108.3% | 378M+19.0% | 318M+19.9% | 265M+1616.3% | ||
| Property, plant & equipment | 1.51B+266.1% | 412M+100.6% | 205M+7.2% | 192M+109.4% | 91.4M+1137.7% | |
| Operating lease right-of-use | 104M+21.0% | 85.9M+685.0% | 10.9M-8.4% | 11.9M+1066.4% | 1.02M | |
| Goodwill | 55.5M | 0.00 | — | — | — | |
| Other non-current assets | 8.09M+687.1% | 1.03M+51.4% | 679K-49.2% | 1.34M+1126.6% | 109K | |
| 1.74B+3248.1% | 51.8M-66.5% | 155M+22.7% | 126M+174.8% | 45.9M+1175.2% | ||
| Accounts payable | 65.1M+167.2% | 24.4M+60.7% | 15.2M-30.6% | 21.9M+85.4% | 11.8M+2464.2% | |
| Deferred revenue | — | 0.00 | — | — | — | |
| Short-term & current debt | 46.3M | 0.00-100.0% | 123M+137.7% | 51.9M | — | |
| Current lease liability | 2.02M+7960.0% | 25.0K-47.9% | 48.0K+14.3% | 42.0K-52.3% | 88.0K | |
| Other current liabilities | 200K-85.6% | 1.39M+43.1% | 972K-70.5% | 3.29M | — | |
| Finance lease liability (current) | 2.00K+0.0% | 2.00K | 0.00 | — | — | |
| 6.42B+1081.8% | 543M+249.0% | 156M-22.2% | 200M+41.1% | 142M+3841.3% | ||
| Long-term debt | 3.05B | 0.00-100.0% | 56.0M-23.3% | 73.0M-22.9% | 94.6M | |
| Non-current lease liability | 22.3M+551.0% | 3.43M+281.2% | 899K-5.1% | 947K-4.5% | 992K | |
| Operating lease liability (total) | 24.3M+604.6% | 3.45M+264.5% | 947K-4.2% | 989K-8.4% | 1.08M | |
| Finance lease liability (total) | 291K-1.0% | 294K | — | — | — | |
| Finance lease liability | 289K-1.0% | 292K | 0.00 | — | — | |
| Deferred tax liabilities | 76.0K | 0.00 | — | — | — | |
| Other non-current liabilities | 902K | 0.00 | — | — | — | |
| 140M-42.5% | 244M+9.9% | 222M+88.9% | 118M-4.4% | 123M+940.4% | ||
| Preferred stock | 0.00-100.0% | 9.27M+0.0% | 9.27M+0.0% | 9.27M | — | |
| Common stock | 444K+9.9% | 404K+45.8% | 277K+91.0% | 145K+45.0% | 100K-49.4% | |
| Additional paid-in capital | 1.29B+87.5% | 685M+44.9% | 473M+60.4% | 295M+34.8% | 219M+7872.6% | |
| Retained earnings | -994M-199.1% | -332M-27.9% | -260M-39.4% | -186M-94.9% | -95.7M-1175.4% | |
| Treasury stock | 152M+28.2% | 118M | 0.00 | — | — | |
| Non-controlling interest | 0.00 | — | — | — | — | |
| Total equity incl. non-controlling | 140M-42.5% | 244M | — | 118M-4.4% | 123M | |
| Total liabilities & equity | 6.56B+732.8% | 788M+108.3% | 378M+19.0% | 318M+19.9% | 265M+1616.3% | |
| Common shares issued | 445M+10.0% | 404M+46.1% | 277M+90.2% | 145M+45.5% | 100.0M+4958.6% | |
| Common shares outstanding | 420M+8.9% | 386M+39.4% | 277M+90.2% | 145M+45.5% | 100.0M+4958.6% | |
| Shares outstanding (cover) | 424M+10.7% | 383M+26.8% | 302M+62.3% | 186M+85.0% | 101M+4993.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -123M-404.4% | -24.4M-672.9% | 4.26M+112.5% | -34.1M-41.4% | -24.1M-5942.5% | ||
| Depreciation & amortization | 88.6M+48.1% | 59.8M+111.0% | 28.4M+325.2% | 6.67M | — | |
| Share-based compensation | 50.9M+64.6% | 30.9M+427.9% | 5.86M+273.7% | 1.57M | — | |
| Deferred income taxes | 76.0K | 0.00 | 0.00+100.0% | -256K | — | |
| Change in receivables | 914K | 0.00 | 0.00 | — | — | |
| -1.37B-1401.7% | -91.2M-16.9% | -78.0M+17.0% | -94.0M+53.3% | -201M-9884.6% | ||
| Capital expenditure | 1.06B+295.7% | 268M+256.5% | 75.2M+23.0% | 61.1M-44.0% | 109M+72655.4% | |
| Free cash flow | -1.18B-304.8% | -292M-312.3% | -70.9M+25.5% | -95.2M+28.5% | -133M-24168.3% | |
| Acquisitions | 21.7M | 0.00 | 0.00 | 0.00-100.0% | 10.3M | |
| 4.94B+1374.0% | 335M+179.7% | 120M+33.2% | 90.0M-66.9% | 272M+25304.3% | ||
| Long-term debt issued | 0.00-100.0% | 487M | 0.00-100.0% | 22.5M | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00-100.0% | 189M+38.8% | 136M+187.2% | 47.3M-54.7% | 104M | |
| Common stock repurchased | 33.3M-71.8% | 118M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 3.45B+1470.3% | 220M+376.2% | 46.1M+220.9% | -38.1M-182.1% | 46.5M+1601.5% | |
| Interest paid | 14.0M+101.2% | 6.96M-64.5% | 19.6M+39.9% | 14.0M+5451.2% | 252K+235.0% | |
| Income taxes paid | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.87B+124.7% | 2.17B+279.3% | 572M+564.7% | 86.0M-94.3% | 1.52B+7588.5% | |
| P/S | 28.9×+86.8% | 15.5×+50.4% | 10.3×+95.1% | 5.3×-94.3% | 93.0×+6237.4% | |
| P/B | 34.7×+291.1% | 8.9×+138.9% | 3.7×+426.1% | 0.7×-94.3% | 12.3×+639.0% | |
| Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WULF’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WULF filings on SEC EDGAR → Not investment advice.