TeraWulf Balance Sheet

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
Cash & Equivalents	711.32	274.07	54.44	1.28	43.45	6.3
Cash & Short-Term Investments	711.32	274.07	54.44	1.28	43.45	6.3
Cash Growth	2871.49%	403.44%	4156.37%	-97.06%	589.65%	-
Other Receivables	8.41	3.8	1	-	0.65	-
Receivables	11.92	3.8	1	-	0.65	-
Prepaid Expenses	2.96	2.49	4.54	5.1	1.49	0.01
Restricted Cash	-	-	-	7.04	3.01	-
Other Current Assets	2.92	1.07	2.61	0.73	19.46	-
Total Current Assets	729.1	281.43	62.59	14.14	68.05	6.31
Property, Plant & Equipment	1,087	451.14	179.76	145.84	21.91	-
Long-Term Investments	-	-	98.61	98.74	104.28	-
Other Long-Term Assets	10	54.94	37.15	58.96	70.67	23.7
Total Assets	2,454	787.51	378.11	317.69	264.91	30.01
Accounts Payable	62.28	24.38	15.17	21.86	11.79	0.04
Accrued Expenses	70.86	9.53	11.68	29.55	16.27	0.26
Short-Term Debt	-	-	1.8	5.53	-	-
Current Portion of Long-Term Debt	-	-	123.47	51.94	-	-
Current Portion of Leases	2	0.03	0.05	0.04	0.09	-
Other Current Liabilities	520.06	17.91	2.5	17.1	17.71	1.44
Total Current Liabilities	705.85	51.85	154.66	126.02	45.86	1.74
Long-Term Debt	1,060	487.5	0.06	72.97	94.63	-
Long-Term Leases	23.1	3.72	0.9	0.95	0.99	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.26	-
Total Liabilities	2,207	543.07	155.62	199.93	141.73	1.74
Common Stock	0.44	0.4	0.28	0.15	0.1	0.05
Additional Paid-In Capital	1,256	685.26	472.83	294.81	218.76	29.89
Retained Earnings	-867.11	-332.28	-259.9	-186.47	-95.68	-1.68
Treasury Stock	-151.51	-118.22	-	-	-	-
Total Common Equity	238.08	235.17	213.22	108.48	123.18	28.27
Shareholders' Equity	247.34	244.45	222.49	117.75	123.18	28.27
Total Liabilities & Equity	2,454	787.51	378.11	317.69	264.91	30.01
Total Debt	1,085	491.25	126.27	131.43	95.71	-
Net Cash (Debt)	-373.95	-217.18	-71.83	-130.15	-52.26	6.3
Net Cash Per Share	-0.96	-0.62	-0.34	-1.18	-0.61	0.11
Filing Date Shares Outstanding	418.68	383.14	302.24	186.27	100.7	50
Total Common Shares Outstanding	414.75	385.65	276.73	145.49	99.98	50
Working Capital	23.25	229.59	-92.08	-111.88	22.2	4.57
Book Value Per Share	0.57	0.61	0.77	0.75	1.23	0.57
Tangible Book Value	182.62	235.17	213.22	108.48	123.18	28.27
Tangible Book Value Per Share	0.44	0.61	0.77	0.75	1.23	0.57
Machinery	302.26	224.79	116.37	78.32	0.02	-
Construction In Progress	409.04	107.62	24.58	32.36	20.87	-
Leasehold Improvements	254.74	91.61	62.85	29.88	-	-

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q