TeraWulf Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	-1,028	-661.42	-72.42	-73.42	-90.79	-0.44
Depreciation & Amortization	107.14	93.05	61.18	29.35	6.97	0.66
Stock-Based Compensation	114.84	53.28	30.93	8.78	3.65	0.02
Other Adjustments	180.69	320.53	-34.01	50.06	34.75	-1.16
Change in Receivables	-4.62	-0.46	-2.77	-1	-	0.32
Changes in Inventories	-	-	-	-	-	0.54
Changes in Accounts Payable	-12.77	-3.24	0.74	-7.27	10.2	-0.3
Changes in Accrued Expenses	76.22	70.84	0.69	-0.93	5.92	-0.59
Changes in Income Taxes Payable	-	-	-	-	-	-0.22
Changes in Unearned Revenue	0.34	-	-	-	-	-
Changes in Other Operating Activities	-45.99	4.22	-8.76	-1.3	-4.76	0.78
Operating Cash Flow	-197.33	-123.18	-24.42	4.26	-34.07	-0.4
Capital Expenditures	-1,489	-1,060	-267.94	-75.17	-61.12	-0.15
Sale of Property, Plant & Equipment	10.71	11.65	23.32	-	-	0.02
Purchases of Intangible Assets	-	-	-	-	-	-0.01
Proceeds from Sale of Investments	130.19	151.33	153.46	-	-	2.21
Payments for Business Acquisitions	-221.72	-21.73	-	-	-	-
Proceeds from Business Divestments	-	-	-	-	13.27	-
Other Investing Activities	-	-450	-	-2.85	-46.2	-
Investing Cash Flow	-2,021	-1,369	-91.16	-78.01	-94.05	2.06
Short-Term Debt Issued	92.75	-	0.21	2.51	10.46	1.21
Short-Term Debt Repaid	-	-	-2.1	-2.74	-4.92	-
Net Short-Term Debt Issued (Repaid)	92.75	-	-1.89	-0.23	5.53	1.21
Long-Term Debt Issued	-	5,107	487.05	1.25	37.16	-
Long-Term Debt Repaid	-	-	-139.4	-6.6	-15.31	-0.14
Net Long-Term Debt Issued (Repaid)	-	5,107	347.65	-5.35	21.86	-0.14
Issuance of Common Stock	18.63	5.69	193.52	138.42	53.03	-
Repurchase of Common Stock	-15.75	-61.77	-141.87	-2.01	-	-
Net Common Stock Issued (Repurchased)	2.87	-56.09	51.65	136.4	53.03	-
Issuance of Preferred Stock	-	-	-	-	9.57	-
Repurchase of Preferred Stock	-	-0.01	-	-	-	-
Net Preferred Stock Issued (Repurchased)	-	-0.01	-	-	9.57	-
Other Financing Activities	-	-109.76	-62.2	-10.96	-	-
Financing Cash Flow	5,093	4,941	335.21	119.87	89.98	1.07
Net Cash Flow	2,875	3,449	219.63	46.12	-38.13	2.73
Free Cash Flow	-1,687	-1,183	-292.36	-70.91	-95.18	-0.55
FCF Margin	-1003.67%	-702.48%	-208.75%	-102.42%	-633.15%	-4.09%
Free Cash Flow Per Share	-4.14	-2.98	-0.83	-0.34	-0.86	-0.28
Levered Free Cash Flow	-2,299	2,889	-13.17	-207.74	-196.98	1.35
Unlevered Free Cash Flow	-1,653	-1,082	-290.31	-84.74	-86.69	-0.49

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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