TERAWULF INC.
TERAWULF INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nonrelated Party | - | 88 | - | - | - | - | - | - | - | - | - | - | |||||
Related Party | - | 88 | - | - | - | - | - | - | - | - | - | - | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 2,619 | 2,630 | 3,266 | 711 | 90 | 218 | 274 | 24 | 104 | 46 | 54 | 7 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Intangible Assets Current | - | - | - | - | - | - | - | - | - | 2 | 2 | 1 | |||||
Restricted Cash Current | 143 | 196 | 190 | - | - | - | 0 | - | - | - | - | - | |||||
Accounts Receivable Net Current | 13 | 6 | 1 | 4 | 1 | - | 0 | - | - | - | - | - | |||||
Crypto Asset Fair Value Current | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | - | 2 | - | |||||
Prepaid Expense Current | 18 | 21 | 6 | 3 | 3 | 5 | 2 | 3 | 3 | 4 | 5 | 2 | |||||
Accounts And Other Receivables Net Current | - | - | 3 | 8 | 5 | 5 | 4 | 4 | 3 | 2 | 1 | 3 | |||||
Other Assets Current | 13 | 14 | 11 | 2 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | |||||
Assets Current | 2,807 | 2,867 | 3,478 | 729 | 99 | 230 | 281 | 32 | 111 | 54 | 63 | 13 | |||||
Property Plant And Equipment Net | 3,600 | 2,582 | 1,508 | 862 | 605 | 510 | 412 | 283 | 272 | 238 | 205 | 181 | |||||
Equity Method Investments | 424 | 435 | 446 | - | - | - | 0 | 79 | 86 | 92 | 99 | 106 | |||||
Goodwill | 55 | 55 | 55 | 55 | 55 | - | 0 | - | - | - | - | - | |||||
Operating Lease Right Of Use Asset | 102 | 103 | 104 | 105 | 93 | 85 | 86 | 10 | 10 | 11 | 11 | 11 | |||||
Finance Lease Right Of Use Asset | - | 119 | 119 | 120 | 7 | 7 | 7 | - | - | - | 0 | - | |||||
Restricted Cash Noncurrent | 266 | 266 | 266 | 1 | 1 | - | 0 | - | - | - | - | - | |||||
Deferred Costs | 573 | 573 | 573 | 573 | - | - | 0 | - | - | - | - | - | |||||
Other Assets Noncurrent | 83 | 8 | 8 | 9 | 9 | 9 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Assets | 8,048 | 7,009 | 6,558 | 2,454 | 869 | 841 | 788 | 406 | 480 | 395 | 378 | 312 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Deferred Compensation Share Based Arrangements Lia… | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 3 | - | |||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 198 | 228 | 65 | 62 | 39 | 55 | 24 | 20 | 8 | 14 | 15 | 19 | |||||
Accrued Employee Benefits Current | - | - | 2 | 6 | 4 | 2 | 5 | - | - | - | 4 | - | |||||
Interest Payable Current | 57 | 115 | 53 | 7 | 2 | 6 | 3 | - | - | - | - | - | |||||
Long Term Debt Current | - | - | 46 | - | - | - | 0 | 0 | 72 | 99 | 123 | 76 | |||||
Other Accrued Liabilities Current | - | - | 45 | 4 | 6 | 6 | 2 | 7 | 8 | 5 | 5 | 7 | |||||
Due To Related Parties Current | - | - | - | - | - | - | - | - | - | - | - | 1 | |||||
Other Liabilities Current | - | - | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | - | |||||
Deferred Revenue Current | - | - | - | - | 1 | - | - | - | - | - | - | - | |||||
Business Combination Contingent Consideration Liab… | - | - | - | - | 30 | - | - | - | - | - | 0 | 1 | |||||
Deferred Rent Credit Current | 50 | 57 | 58 | 51 | 48 | 32 | 0 | - | - | - | - | - | |||||
Operating Lease Liability Current | 2 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Finance Lease Liability Current | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | 0 | - | |||||
Short Term Borrowings | - | 99 | - | - | - | - | - | - | - | - | - | - | |||||
Other Long Term Debt Current | - | 44 | 46 | - | - | - | 0 | - | - | - | - | - | |||||
Convertible Debt Current | - | 490 | 490 | - | - | - | 0 | - | - | - | - | - | |||||
Liabilities Current | 3,764 | 2,385 | 1,736 | 706 | 151 | 121 | 52 | 32 | 92 | 122 | 155 | 108 | |||||
Deferred Rent Credit Noncurrent | 1 | 14 | 23 | 36 | 42 | 58 | 0 | - | - | - | - | - | |||||
Operating Lease Liability Noncurrent | 21 | 22 | 22 | 23 | 11 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | |||||
Long Term Debt Noncurrent | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 48 | |||||
Finance Lease Liability Noncurrent | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | 0 | - | |||||
Other Long Term Debt Noncurrent | - | 3,060 | 3,052 | - | - | - | 0 | - | - | - | 0 | - | |||||
Convertible Debt Noncurrent | - | 1,597 | 1,583 | 1,060 | 489 | 488 | 488 | - | - | - | 0 | - | |||||
Deferred Income Tax Liabilities Net | 0 | 0 | 0 | - | - | - | 0 | - | - | - | - | - | |||||
Other Liabilities Noncurrent | 94 | 8 | 1 | 11 | 1 | - | 0 | - | - | - | - | - | |||||
Liabilities | 7,901 | 7,086 | 6,418 | 2,207 | 695 | 671 | 543 | 33 | 93 | 123 | 156 | 158 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |||||
Common Stock Value | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 2,656 | 1,494 | 1,285 | 1,256 | 728 | 706 | 685 | 666 | 657 | 532 | 473 | 394 | |||||
Treasury Stock Common Value | -148 | -152 | -152 | -152 | -152 | -152 | -118 | - | - | - | 0 | - | |||||
Retained Earnings Accumulated Deficit | -2,361 | -1,421 | -994 | -867 | -412 | -394 | -332 | -303 | -280 | -269 | -260 | -249 | |||||
Stockholders Equity | 148 | -78 | 140 | 247 | 174 | 170 | 244 | 373 | 386 | 272 | 222 | 154 | |||||
Minority Interest | 0 | 1 | - | - | - | - | - | - | - | - | - | - | |||||
Liabilities And Stockholders Equity | 8,048 | 7,009 | 6,558 | 2,454 | 869 | 841 | 788 | 406 | 480 | 395 | 378 | 312 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Liquidation Preference Value | 0 | 0 | 0 | 14 | 13 | 13 | 13 | 12 | 12 | 12 | 11 | 11 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 950 | 950 | 950 | 950 | 600 | 600 | 600 | 600 | 600 | 400 | 400 | 400 | |||||
Common Stock Shares Issued | 523 | 450 | 445 | 439 | 415 | 408 | 404 | 383 | 374 | 303 | 277 | 232 | |||||
Shares Outstanding | 499 | 425 | 420 | 439 | 415 | 408 | 386 | 383 | 374 | 303 | 277 | 232 | |||||
Treasury Stock Common Shares | 24 | 24 | 24 | 24 | 24 | 24 | 19 | - | - | - | 0 | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.28% | 10.43% | -21.08% | - | - | - | - | - | - | - | - | - |
| 2025 | 17.28% | 40.20% | 71.76% | 87.87% | 115.31% | 172.56% | 1.40% | -10.91% | -6.50% | -6.91% | 27.25% | 37.61% |
| 2024 | 37.95% | 149.11% | 63.84% | 12.69% | 32.93% | 87.31% | -4.81% | -27.08% | -44.08% | -25.89% | -18.26% | 7.08% |
| 2023 | - | - | - | -28.57% | -53.17% | -54.37% | 81.19% | 91.09% | 76.24% | -12.45% | -4.29% | 32.62% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.75 | 1.20 | 2.00 | 1.03 | 0.66 | 1.90 | 5.43 | 1.00 | 1.20 | 0.45 | 0.40 | 0.12 | |||||
| Quick Ratio | 0.74 | 1.19 | 2.00 | 1.03 | 0.64 | 1.86 | 5.38 | 0.90 | 1.17 | 0.41 | 0.38 | 0.10 | |||||
| Working Capital | -957.37M | 482.56M | 1.74B | 23.25M | -52.19M | 109.12M | 229.59M | 0.00 | 18.55M | -67.76M | -92.08M | -95.50M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 53.56 | -91.30 | 45.70 | 8.92 | 3.99 | 3.94 | 2.22 | 0.09 | 0.24 | 0.45 | 0.70 | 1.03 | |||||
| Interest Coverage TTM | -2.11 | -2.02 | -2.32 | -7.24 | -12.39 | -10.43 | -3.85 | -1.13 | -0.65 | -0.58 | -0.85 | -1.14 | |||||
| Debt Ratio | 0.98 | 1.01 | 0.98 | 0.90 | 0.80 | 0.80 | 0.69 | 0.08 | 0.19 | 0.31 | 0.41 | 0.51 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.02 | 0.03 | 0.04 | 0.11 | 0.21 | 0.21 | 0.24 | 0.36 | 0.31 | 0.28 | 0.20 | 0.18 | |||||
| Days Sales Outstanding TTM | 27.51 | 15.72 | 2.03 | 7.98 | 2.97 | - | 1.24 | - | - | - | - | - | |||||
| Receivables Turnover TTM | 13.27 | 23.22 | 179.68 | 45.75 | 122.94 | - | 294.84 | - | - | - | - | - | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -4.01 | -2.43 | -1.66 | -1.40 | -0.34 | -0.32 | -0.21 | -0.14 | -0.15 | -0.20 | -0.35 | -0.40 | |||||
| Free Cash Flow Per Share TTM | -5.16 | -3.99 | -2.98 | -1.68 | -1.16 | -0.80 | -0.83 | -0.31 | -0.29 | -0.26 | -0.34 | -0.27 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 46.74% | 53.53% | 45.46% | 48.01% | 43.83% | 44.89% | 55.30% | 59.55% | 62.14% | 63.33% | 60.54% | 57.37% | |||||
| Operating Profit Margin TTM | -433.80% | -221.86% | -122.87% | -94.33% | -98.80% | -101.14% | -54.42% | -22.95% | -19.49% | -22.49% | -42.50% | -68.71% | |||||
| Net Profit Margin TTM | -2,045.40% | -789.63% | -436.42% | -351.46% | -91.21% | -94.09% | -51.71% | -42.74% | -42.60% | -57.52% | -107.61% | -158.29% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -33.83% | -1.43% | 8.21% | 24.97% | 19.82% | 31.85% | 102.30% | 131.22% | 197.49% | 280.01% | 360.51% | 915.57% | |||||
| Net Income Growth (1Y) | 1,383.80% | 727.25% | 813.33% | 927.71% | 156.59% | 115.69% | -2.79% | -37.57% | -50.15% | -41.90% | -17.95% | -41.21% | |||||
| EPS Growth (1Y) | 1,081.87% | 649.31% | 706.99% | 877.88% | 125.93% | 63.60% | -41.90% | -63.77% | -69.21% | -67.01% | -56.76% | -71.14% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -6.15 | -5.94 | -6.91 | -8.13 | -12.89 | -8.42 | -27.46 | -32.60 | -29.60 | -13.27 | -6.76 | -3.18 | |||||
| P/B TTM | 81.32 | -78.64 | 32.53 | 18.54 | 9.72 | 6.14 | 8.13 | 4.80 | 3.92 | 2.81 | 2.26 | 1.81 | |||||
| P/S TTM | 125.84 | 46.90 | 30.14 | 28.59 | 11.76 | 7.92 | 14.20 | 13.93 | 12.61 | 7.63 | 7.28 | 5.03 | |||||
| Market Cap | 12.00B | 6.10B | 4.57B | 4.59B | 1.69B | 1.05B | 1.99B | 1.79B | 1.52B | 764.29M | 503.90M | 279.37M | |||||
| Enterprise Value | 8.97B | 5.20B | 3.99B | 4.93B | 2.09B | 1.32B | 2.38B | 1.76B | 1.48B | 817.87M | 604.80M | 397.70M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -2.50B | -1.69B | -1.18B | -676.57M | -449.96M | -305.43M | -292.36M | -118.89M | -100.26M | -76.34M | -70.91M | -59.65M | |||||
| Net Debt | -3.03B | -906.26M | -581.28M | 347.71M | 397.59M | 270.24M | 387.60M | -23.94M | -31.77M | 53.58M | 100.90M | 118.33M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
TERAWULF INC. (WULF) — SEC Financial Statements & Analysis
TERAWULF INC. (WULF) is a finance services company, incorporated in DE. TERAWULF INC. trades on Nasdaq as: WULF. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), TERAWULF INC. reported a -33.83% year-over-year revenue growth, a Gross Profit Margin of 46.74% (TTM), a Debt-to-Equity ratio of 53.56x, a Price-to-Sales (P/S) ratio of 125.84x (TTM), a Price-to-Book (P/B) ratio of 81.32x (TTM), at a market cap of $12.00B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -33.83%
- Gross Profit Margin TTM
- 46.74%
- Debt To Equity
- 53.56x
- P/S TTM
- 125.84x
- P/B TTM
- 81.32x
- Market Cap
- $12.00B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is TERAWULF INC. in?
TERAWULF INC. (WULF) operates in the Finance Services industry.
What is WULF's market cap?
TERAWULF INC. (WULF) has a market capitalization of $12.00B as of 2026-06-30.
What exchange does WULF trade on?
TERAWULF INC. (WULF) trades on the Nasdaq.
Where is TERAWULF INC. incorporated?
TERAWULF INC. is incorporated in DE.