TeraWulf Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Mar '21 Mar 31, 2021
Net Income	-564.03	-72.42	-73.42	-90.79	-104.38	-10.06
Depreciation & Amortization	76.33	61.18	29.35	6.97	0.06	-
Other Amortization	7.56	11.38	19.52	11.68	1	-
Loss (Gain) From Sale of Assets	23.64	17.82	1.21	-	-	-
Loss (Gain) on Equity Investments	-22.6	-25.97	9.29	15.71	1.68	-
Stock-Based Compensation	63.44	30.93	8.78	3.65	13.64	-
Other Operating Activities	273.92	-37.25	20.05	7.36	52.9	-
Change in Accounts Receivable	-5.83	-2.77	-1	-	-	-
Change in Accounts Payable	-5.41	0.74	-7.27	10.2	10.61	0.23
Change in Other Net Operating Assets	-13.26	-8.07	-2.34	2.97	1.43	9.83
Operating Cash Flow	-77.73	-24.42	4.26	-34.07	-26.29	-
Capital Expenditures	-598.83	-267.94	-75.17	-72.86	-180.14	-142.2
Sale of Property, Plant & Equipment	32.15	23.32	-	13.27	-	-
Cash Acquisitions	-21.73	-	-	-	-11.21	-
Investment in Securities	86.09	86.09	-2.85	-46.17	-102.45	-
Other Investing Activities	161.24	67.37	-	11.72	74.08	-
Investing Cash Flow	-341.09	-91.16	-78.01	-94.05	-219.72	-142.2
Short-Term Debt Issued	-	0.21	3.76	25.16	-	-
Long-Term Debt Issued	-	500	-	22.5	-	-
Total Debt Issued	1,500	500.21	3.76	47.66	156.3	-
Short-Term Debt Repaid	-	-2.1	-2.74	-20.23	-	-
Long-Term Debt Repaid	-	-141.6	-6.6	-	-	-
Total Debt Repaid	-11.36	-143.71	-9.34	-20.23	-27.27	-
Net Debt Issued (Repaid)	1,489	356.51	-5.57	27.43	129.03	-
Issuance of Common Stock	3.74	194.19	139.47	53.17	113.86	180
Repurchase of Common Stock	-186.68	-141.87	-2.01	-	-	-
Other Financing Activities	-198.07	-73.61	-12.02	-0.18	-	-
Financing Cash Flow	1,108	335.21	119.87	89.98	296.69	180
Net Cash Flow	688.82	219.63	46.12	-38.13	50.68	37.8
Free Cash Flow	-676.57	-292.36	-70.91	-106.92	-206.43	-142.2
Free Cash Flow Margin	-403.67%	-208.75%	-102.42%	-711.25%	-	-
Free Cash Flow Per Share	-1.73	-0.83	-0.34	-0.97	-2.42	-2.42
Cash Interest Paid	7.12	6.96	19.57	13.99	0.27	-
Levered Free Cash Flow	129.89	-186.87	-91.36	-58.85	-	-
Unlevered Free Cash Flow	135.4	-185.89	-89.12	-55.1	-	-
Change in Working Capital	61.66	-10.1	-10.61	13.16	12.04	10.06

Source: S&P Global Market Intelligence. Standard template. Financial Sources.