TeraWulf financials
$15.09−0.20%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 |
|---|---|---|---|---|
| Revenue | $168.5M | $140.1M | $69.2M | $15.0M |
| Gross profit | $85.8M | $77.4M | $41.9M | $4.0M |
| Gross margin | 50.9% | 55.3% | 60.5% | 26.3% |
| Operating income | -$180.7M | -$60.6M | -$31.4M | -$43.5M |
| Net income | -$661.4M | -$72.4M | -$73.4M | -$90.8M |
| Net margin | −392.6% | −51.7% | −106.1% | −603.9% |
| Diluted EPS | $-1.66 | $-0.21 | $-0.35 | $-0.82 |
| EBITDA | -$92.1M | -$784.0K | $7.0K | -$35.4M |
| Operating cash flow | -$123.2M | -$24.4M | $4.3M | -$34.1M |
| Free cash flow | -$1.18B | -$292.4M | -$70.9M | -$95.2M |
| Diluted shares | 397.6M | 351.3M | 210.0M | 110.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $3.27B | $274.1M | $54.4M | $1.3M | $43.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $5.22B | $490.4M | $123.5M | $130.4M | $94.6M |
| Total assets | $6.56B | $787.5M | $378.1M | $317.7M | $264.9M |
| Total liabilities | $6.42B | $543.1M | $155.6M | $199.9M | $141.7M |
| Shareholders' equity | $140.4M | $244.4M | $222.5M | $117.8M | $123.2M |
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