TeraWulf Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Revenue	168.46	140.05	69.23	15.03	13.43
Revenue Growth (YoY)	20.28%	102.30%	360.51%	11.92%	-23.76%
Cost of Revenue	82.66	62.61	27.32	11.08	9.53
Gross Profit	85.79	77.44	41.91	3.95	3.91
Selling, General & Admin	147.76	70.58	37.02	36.05	5.02
Depreciation & Amortization Expenses	88.6	59.81	28.35	6.67	-
Research & Development	-	-	-	-	0.67
Other Operating Expenses	35.65	23.27	5.97	4.98	-
Total Operating Expenses	272.01	153.66	71.34	47.7	5.69
Operating Income	-186.21	-76.22	-29.42	-43.75	-1.79
Interest Expense	-80.25	-19.79	-34.81	-24.68	-0.09
Other Non-Operating Income (Expense)	-390.75	-2.37	0.23	-2.05	1.22
Total Non-Operating Income (Expense)	-471	-22.17	-34.58	-26.73	1.14
Pretax Income	-657.21	-98.38	-64	-70.48	-0.65
Provision for Income Taxes	-0.08	-	-	0.26	-0.21
Net Income	-661.42	-72.42	-73.42	-90.79	-0.44
Minority Interest in Earnings	4.13	-25.97	9.29	15.71	-
Earnings From Discontinued Operations	-	-	-0.13	-4.86	-
Net Income to Common	-661.42	-72.42	-73.42	-90.79	-0.44
Shares Outstanding (Basic)	398	351	210	111	2
Shares Outstanding (Diluted)	398	351	210	111	2
Shares Change (YoY)	13.18%	67.33%	89.77%	5498.15%	-0.20%
EPS (Basic)	-1.66	-0.21	-0.35	-0.82	-0.22
EPS (Diluted)	-1.66	-0.21	-0.35	-0.82	-0.22
Shares Outstanding	420.07	385.65	276.73	145.49	1.98
Free Cash Flow	-1,183	-292.36	-70.91	-95.18	-0.55
Free Cash Flow Per Share	-2.98	-0.83	-0.34	-0.86	-0.28
Gross Margin	50.93%	55.30%	60.54%	26.28%	29.07%
Operating Margin	-110.54%	-54.42%	-42.50%	-290.99%	-13.30%
Profit Margin	-390.19%	-70.25%	-92.45%	-467.12%	-3.27%
FCF Margin	-702.48%	-208.75%	-102.42%	-633.15%	-4.09%
EBITDA	-93.16	-15.04	-0.07	-36.78	-1.12
EBITDA Margin	-55.30%	-10.74%	-0.10%	-244.63%	-8.37%
EBIT	-186.21	-76.22	-29.42	-43.75	-1.79
EBIT Margin	-110.54%	-54.42%	-42.50%	-290.99%	-13.30%
Effective Tax Rate	0.01%	0.00%	0.00%	-0.36%	32.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q