TeraWulf Inc. (WULF) — Financial statements
Income statement, balance sheet, and cash flow for TeraWulf Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 168↑20.3% | 140↑102.3% | 69↑360.5% | 15 | 0.00 | |
| Cost of Revenue | 171↑173.5% | 63↑129.2% | 27↑146.5% | 11↑21213.5% | 0.05 | |
| Gross Profit | -3↓103.6% | 77↑84.8% | 42↑961.1% | 4↑7696.2% | -0.05 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 166↑135.2% | 71↑68.4% | 42↑16.2% | 36↓16.8% | 43 | |
| Other Expenses | 0.00↓100.0% | 83↑182.3% | 29↑152.7% | 12 | 0.00 | |
| Operating Expenses | 166↑8.0% | 154↑115.4% | 71↑49.6% | 48↑10.0% | 43 | |
| Total Costs & Expenses | 337↑55.9% | 216↑119.2% | 99↑67.8% | 59↑35.4% | 43 | |
| Operating Results | ||||||
| Operating Income | -169↓121.5% | -76↓159.1% | -29↑32.7% | -44↓0.8% | -43 | |
| Depreciation & Amortization | 93↑52.1% | 61↑108.4% | 29↑321.1% | 7↑13303.8% | 0.05 | |
| EBITDA | -76↓335.2% | -17↓10912.4% | 0.16↑100.4% | -39↑10.4% | -43 | |
| EBIT | -169↓114.8% | -79↓169.2% | -29↑36.3% | -46↓5.5% | -43 | |
| Interest & Other Income | ||||||
| Net Interest Income | -80↓305.4% | -20↑43.1% | -35↓41.1% | -25↓994.4% | -2 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 80↑305.4% | 20↓43.1% | 35↑41.1% | 25↑994.4% | 2 | |
| Non-Operating Income | 0.00↓100.0% | 2↑1127.3% | -0.23↓111.2% | 2 | 0.00 | |
| Other Income / Expenses | -493↓2121.9% | -22↑49.5% | -44↓3.4% | -42↓1019.0% | -4 | |
| Income Before Tax | -661↓572.2% | -98↓34.2% | -73↑15.0% | -86↓82.6% | -47 | |
| Income Tax Expense | 0.08↑100.3% | -26 | 0.00↑100.0% | -0.26↑58.4% | -0.62 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -661↓813.3% | -72↑1.2% | -73↑14.7% | -86↓84.5% | -47 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↑100.0% | -0.13↑97.3% | -5↑90.1% | -49 | |
| Net Income | -661↓813.3% | -72↑1.4% | -73↑19.1% | -91↑5.1% | -96 | |
| Bottom-Line Net Income | -661↓813.3% | -72↑2.6% | -74↑18.1% | -91↑5.1% | -96 | |
| EPS (Basic) | -1.66↓690.5% | -0.21↑40.0% | -0.35↑57.8% | -0.83↑25.9% | -1.12 | |
| EPS (Diluted) | -1.66↓690.5% | -0.21↑40.0% | -0.35↑57.8% | -0.83↑25.9% | -1.12 | |
| Weighted Average Shares | 398↑13.2% | 351↑67.3% | 210↑89.8% | 111↑29.9% | 85 | |
| Weighted Average Diluted Shares | 398↑13.2% | 351↑67.3% | 210↑89.8% | 111↑29.9% | 85 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.