TeraWulf financials
$15.09−0.20%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.8M | $34.0M | $35.8M | $50.6M | $47.6M | $34.4M | $35.0M | $27.1M | $35.6M | $42.4M | $23.3M | $19.0M |
| Gross profit | $32.4M | $31.7M | $16.9M | $33.5M | $25.5M | $9.9M | $15.4M | $12.4M | $21.7M | $28.0M | $14.4M | $10.7M |
| Gross margin | 72.3% | 93.1% | 47.3% | 66.1% | 53.6% | 28.6% | 43.9% | 45.8% | 60.9% | 66.0% | 61.6% | 56.4% |
| Operating income | -$140.1M | -$162.1M | -$86.3M | -$23.0M | -$10.2M | -$59.6M | -$34.2M | -$16.7M | -$6.1M | -$3.6M | -$5.2M | -$10.0M |
| Net income | -$939.9M | -$427.6M | -$126.6M | -$455.1M | -$18.4M | -$61.4M | -$29.2M | -$22.7M | -$10.9M | -$9.6M | -$9.7M | -$19.4M |
| Net margin | −2099.6% | −1257.3% | −353.2% | −899.7% | −38.6% | −178.5% | −83.5% | −84.0% | −30.6% | −22.7% | −41.8% | −102.2% |
| Diluted EPS | $-1.94 | $-1.01 | $-0.30 | $-1.13 | $-0.05 | $-0.16 | $-0.07 | $-0.06 | $-0.03 | $-0.03 | $-0.04 | $-0.09 |
| EBITDA | -$118.8M | -$108.0M | -$58.5M | $3.5M | $8.6M | -$44.1M | -$19.6M | -$664.0K | $8.1M | $11.4M | -$4.4M | -$820.0K |
| Operating cash flow | -$136.7M | -$17.6M | -$88.2M | -$36.7M | -$54.8M | $56.5M | -$42.7M | -$20.9M | $16.4M | $22.8M | $10.9M | $2.4M |
| Free cash flow | -$1.22B | -$540.5M | -$703.2M | -$268.3M | -$174.8M | -$37.2M | -$196.4M | -$41.7M | -$30.2M | -$24.1M | -$22.9M | -$23.0M |
| Diluted shares | 485.7M | 423.0M | 418.8M | 401.6M | 386.9M | 383.1M | 391.9M | 382.1M | 340.7M | 290.6M | 242.7M | 221.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.62B | $2.63B | $3.27B | $711.3M | $90.0M | $218.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $5.27B | $5.41B | $5.22B | $1.07B | $491.3M | $494.4M |
| Total assets | $8.05B | $7.01B | $6.56B | $2.45B | $869.4M | $841.2M |
| Total liabilities | $7.90B | $7.09B | $6.42B | $2.21B | $695.1M | $670.8M |
| Shareholders' equity | $147.5M | -$77.6M | $140.4M | $247.3M | $174.3M | $170.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology