WULF - NASDAQ

TeraWulf Inc.

WULF·NASDAQ

$26.16

+1.9%

Financial ServicesFinancial - Capital Markets

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$12.96B

EPS-1.6600

P/E Ratio-15.76

Earnings Date08/14/2026

-123.18M

Operating Cash Flow

404%

3Y+262.0%

5Y+30785.0%

10Y-13534.0%

-1.37B

Investing Cash Flow

1402%

3Y+1356.0%

5Y-66603.0%

10Y+25649.0%

4.94B

Financing Cash Flow

1374%

3Y+5391.0%

5Y+461422.0%

10Y+154307.0%

TeraWulf Inc. Cash Conversion Engine

WULF · NASDAQ

FCF Components

Net Income-661.42M

Depreciation & Amortization110.78M

Stock-Based Compensation50.91M

Change in Working Capital71.37M

Others305.10M

Capital Expenditures-1.06B

Free Cash Flow-1.18B

Cash Flow Quality Analysis

FCF Conversion Rate

178.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-860.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-304.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$71.37M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

TeraWulf Inc. Cash Flow Statement

WULF • NASDAQ

TeraWulf Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2010	Dec 2009	Dec 2007	Dec 2006	Dec 2005	Dec 2004
OPERATING ACTIVITIES
Net Income	-661.4M	-72.4M	-73.4M	-90.8M	-46.6M	-10.1M	-813.6K	139.5K	-226.1K	-65.1K	135K	648.8K	682.2K	693.9K	1.1M	-307.4K	1.2M	1.1M	908.2K	758.4K
Depreciation & Amortization	110.8M	61.2M	29.4M	7M	52K	698.1K	671.9K	795.3K	875.1K	794.5K	684.6K	635.6K	622.1K	543.9K	453.4K	479.8K	330.7K	267.5K	294.5K	376K
Change in Deferred Taxes	76K	0.0	0.0	-256K	-615K	-549.3K	-183K	39K	-302K	61K	18K	-10K	153K	30K	15K	-48K	110K	15K	48K	-14K
Stock-Based Compensation	50.9M	30.9M	5.9M	1.6M	0.0	13.6M	8.8K	13.6K	23.6K	25K	21.7K	18.4K	13.9K	17.8K	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	305.1M	-34M	53.1M	35.3M	12M	-4.6M	95.5K	1.3M	2M	1.3M	884.8K	-19.9K	-14K	16K	47K	933.6K	-57.4K	2.3K	43.8K	54.2K
Change in Working Capital	71.4M	-10.1M	-10.6M	13.2M	11M	520.4K	-256.7K	236.1K	-137.2K	107.2K	560.9K	-356.2K	9.3K	-119.6K	-28K	316.1K	144.6K	-332.9K	-314.4K	87.3K
Cash from Operating Activities	-123.2M	-24.4M	4.3M	-34.1M	-24.1M	-398.8K	-477K	1.2M	204.7K	916.9K	1.5M	916.7K	1.5M	1.2M	1.6M	1.4M	1.7M	1.1M	980K	1.3M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	(0.0)	-267.9M	-75.2M	-72.9M	-109.1M	-164.8K	-498K	-593.1K	-269.1K	-2.1M	-2.9M	-434.5K	-762.5K	-566.5K	-243.6K	-100.5K	-657.9K	-301.6K	-222.9K	-279K
Acquisitions, Net	-21.7M	(23.3M)	-2.8M	-46.2M	-10.3M	(18.3K)	(15.6K)	(0.0)	(32.6K)	(21K)	(0.0)	(0.0)	(0.0)	(0.0)	(22.2K)	(25.5K)	(11.5K)	-526.9K	(11K)	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	-150M	(0.0)	-5.6M	-5.6M	-3.9M	-4.4M	-650K	-2.7M	-1.8M	-1.9M	-2.6M	-1M	-438.8K	-538.1K	-253.3K	-84.6K
Sale/Maturity of Investments	0.0	153.5M	0.0	0.0	67.9M	2.2M	6.1M	5.8M	4.2M	1.1M	2.4M	2.4M	1.8M	2.3M	1.2M	229.8K	252.6K	84K	42.7K	108.5K
Other Investing Items	-1.3B	0.0	0.0	25M	0.0	0.0	0.0	-593.1K	-6.3K	-6.1K	-53.1K	4.8K	-35.1K	2.7K	0.0	0.0	0.0	0.0	0.0	0.0
Cash from Investing Activities	-1.4B	-91.2M	-78M	-94M	-201.4M	(2.1M)	(7.6K)	-393.1K	(114.6K)	-5.3M	-1.2M	-730.8K	-819.6K	-171.7K	-1.6M	-847.4K	-832.6K	-1.3M	-422.6K	-255.1K
FINANCING ACTIVITIES
Net Issuance of Common Stock	-128.2M	70.5M	135.9M	47.3M	153.7M	0.0	-49.6K	0.0	-298.6K	3.8K	0.0	46K	89.4K	89K	22.6K	-123.8K	79.7K	186.3K	117.1K	0.0
Net Issuance of Debt	5.1B	346.7M	-5.3M	25.3M	118.3M	1.1M	-140.4K	0.0	-139.7K	3.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash Paid for Dividends	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-2M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Share Repurchases	-33.3M	-118.2M	(0.0)	(0.0)	(0.0)	(0.0)	-49.6K	(0.0)	-300.5K	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-15.1K	-123.8K	(0.0)	(0.0)	-115.7K	(0.0)
Other Financing Items	-28.5M	-82M	-10.7M	7.8M	0.0	0.0	0.0	-138.2K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	32K	36.7K	0.0	0.0
Cash from Financing Activities	4.9B	335.2M	119.9M	90M	272M	1.1M	-190K	-138.2K	-438.3K	3.2M	0.0	46K	89.4K	-1.9M	22.6K	-123.8K	111.7K	223K	117.1K	222.9K
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	0.0	0.0	0.0	0.0	-3.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.2M	0.0	2.7M	0.0
Net Change in Cash	3.4B	219.6M	46.1M	-38.1M	42.8M	2.7M	-659.5K	693.4K	-119K	-1.2M	312.3K	231.9K	736.4K	-899.2K	-13.2K	402.8K	-2.2M	16.1K	3.4M	0.0
Cash at Beginning of Period	274.1M	54.4M	8.3M	46.5M	3.7M	963.6K	1.6M	929.7K	1M	2.2M	1.9M	1.7M	967.9K	1.9M	1.3M	901.7K	3.4M	3.4M	0.0	0.0
Cash at End of Period	3.7B	274.1M	54.4M	8.3M	46.5M	3.7M	963.6K	1.6M	929.7K	1M	2.2M	1.9M	1.7M	967.9K	1.3M	1.3M	1.2M	3.4M	3.4M	2.7M
Free Cash Flow	-1.2B	-292.4M	-70.9M	-106.9M	-133.2M	-563.7K	-975K	631.7K	-64.4K	-1.2M	-1.5M	482.3K	704K	615.4K	1.4M	1.3M	1.1M	802.2K	768.8K	991.8K

SEC Filings

WULF - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 26, 2026	May 22, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 08, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 08, 2026	May 08, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 28, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 15, 2026	April 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 14, 2026	April 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 13, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing

Showing 1 to 10 of 371 filings

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