WULF - NASDAQ

TeraWulf Inc.

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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$12.96B
EPS-1.6600
P/E Ratio-15.76
Earnings Date08/14/2026
168.46M
Revenue
20%
3Y+1021.0%
5Y+1154.0%
10Y+859.0%
-661.42M
Net Income
813%
3Y+629.0%
5Y+150454.0%
10Y+1016525.0%
-123.18M
Operating Cash Flow
404%
3Y+262.0%
5Y+30785.0%
10Y-13534.0%
TeraWulf Inc.

TeraWulf Inc. Profit Bridge

WULF · NASDAQ
Revenue168.46M
Cost of Goods Sold (82.66M)
Gross Profit85.79M
Operating Expenses (256.10M)
Operating Income-170.31M
Interest Expense (80.25M)
Other Income/Expense-491.03M
Pretax Income-661.34M
Income Tax (76.00K)
Net Income-661.42M
Net Income
-661.42M

Profitability Analysis

Gross Margin

50.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-101.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-392.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

TeraWulf Inc. Income Statement

WULF • NASDAQ

TeraWulf Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
Revenue
168.5M
140.1M
69.2M
15M
0.0
13.4M
17.6M
18.2M
17.2M
17.6M
17.6M
18.5M
17.5M
17.3M
16.8M
16.5M
15.1M
15.9M
15.8M
14.9M
GROSS PROFIT
Cost of Revenue
(82.7M)
(62.6M)
(27.3M)
(11.1M)
(52K)
(9.5M)
(12.2M)
(12M)
(11.5M)
(11.3M)
(11.4M)
(11.8M)
(10.6M)
(10.4M)
(10.1M)
(9.7M)
(9.1M)
(9.2M)
(8.9M)
(8.2M)
Gross Profit
85.8M
77.4M
41.9M
4M
-52K
3.9M
5.4M
6.3M
5.7M
6.2M
6.1M
6.7M
6.9M
6.9M
6.7M
6.8M
6.1M
6.6M
6.9M
6.7M
OPERATING INCOME
Operating Expenses
(256.1M)
(153.7M)
(71.3M)
(47.7M)
(43.3M)
(5.3M)
(6.3M)
(6M)
(6.2M)
(6.3M)
(5.9M)
(665K)
(649.3K)
(629.8K)
(512.3K)
(5.3M)
(5.2M)
(5.7M)
(5.5M)
(5.2M)
Selling, General & Administrative
(0.0)
(70.6M)
(41.9M)
(36.1M)
(43.3M)
(4.7M)
(5.5M)
(5.4M)
(5.5M)
(5.6M)
(5.3M)
(5.1M)
(5.4M)
(5.3M)
(5.2M)
(4.6M)
(4.5M)
(4.9M)
(4.7M)
(4.5M)
Research & Development
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(671.5K)
(777.3K)
(677.2K)
(688.7K)
(647.1K)
(614.4K)
(665K)
(649.3K)
(629.8K)
(512.3K)
(695.6K)
(653.7K)
(767.1K)
(775K)
(742.4K)
Operating Income
-170.3M
-76.2M
-29.4M
-43.7M
-43.4M
-1.4M
-863.7K
225.8K
-464.6K
-22K
266.8K
913.5K
920.1K
1M
1M
1.5M
869.7K
970.4K
1.4M
1.5M
PRE-TAX INCOME
Interest Expense
(80.2M)
(19.8M)
(34.8M)
(24.7M)
(2.3M)
(2.5M)
(90.1K)
-90.6K
-83.1K
-58.2K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
Net Interest Income
-80.2M
-19.8M
-34.8M
-24.7M
-2.3M
-2.5M
-90.1K
0.0
0.0
0.0
0.0
0.0
7K
12.1K
17.3K
19.7K
8.2K
90.2K
154K
115.5K
Other Expenses
(256.1M)
(83.1M)
(29.4M)
(11.6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-5.1M
-5.4M
-5.3M
-5.2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
Total Other Income Expenses Net
-491M
-22.2M
-43.9M
-42.4M
-3.8M
771.7K
-121.9K
-40.4K
-59.5K
-47.1K
-41.8K
5.3K
7K
12.1K
17.3K
19.7K
-881K
114.8K
209.1K
115.5K
Income Before Tax
-661.3M
-98.4M
-73.3M
-86.2M
-47.2M
-649.3K
-985.6K
185.5K
-524.1K
-69.1K
225K
918.8K
927.2K
1M
1M
1.6M
-11.4K
1.1M
1.6M
1.6M
NET INCOME
Income Tax Expense
(76K)
-26M
(0.0)
-256K
-615K
-210K
-172K
(46K)
-298K
-4K
(90K)
(270K)
(245K)
(351K)
(345K)
(440K)
(296K)
(271K)
(466K)
(466K)
Net Income
-661.4M
-72.4M
-73.4M
-90.8M
-95.7M
-439.3K
-813.6K
139.5K
-226.1K
-65.1K
135K
648.8K
682.2K
693.9K
698.3K
1.1M
-307.4K
814.1K
1.2M
1.1M

SEC Filings

WULF - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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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