TeraWulf Inc. (WULF) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -17.59M | -88.17M | -36.69M | -54.81M | 56.49M | -42.72M | -20.93M | 16.38M | 22.85M | 10.89M | 2.38M | -297K | -8.71M | -1.06M | -3.24M | -2.03M | -21.51M | 9.31M | -4.59M | -4.72M |
| Operating CF Margin % | -51.72% | -246.04% | -72.53% | -115.06% | 164.18% | -122.12% | -77.33% | 46.05% | 53.84% | 46.79% | 12.1% | -1.92% | -75.55% | -11.07% | -83.88% | -146.28% | -9911.98% | 1377.22% | -96.85% | - |
| Operating CF Growth % | -131.14% | -106.37% | -75.32% | -434.6% | 147.25% | -492.14% | -979.94% | 5615.49% | 362.21% | 1128.8% | 173.37% | 85.34% | 59.49% | -111.37% | 29.45% | 57.04% | - | 3925.27% | -921.5% | - |
| Net Income | -427.63M | -145.8M | -455.05M | -18.37M | -61.42M | -29.2M | -22.73M | -10.88M | -9.61M | -10.53M | -19.1M | -17.54M | -26.26M | -24.95M | -33.99M | -13.67M | -18.18M | 2.25M | -6.22M | -4.41M |
| Depreciation & Amortization | 30.35M | 26.62M | 32.4M | 20.14M | 16.18M | 15.56M | 15.89M | 14.38M | 15.34M | 8.52M | 8.47M | 6.68M | 5.68M | 5.25M | 1.51M | 241K | 4K | 990K | 0 | 0 |
| Stock-Based Compensation | 0 | -32.09M | 4.34M | 3.68M | 38.67M | 16.75M | 2.41M | 4.84M | 6.93M | 1.84M | 1.41M | 1.73M | 876K | 518K | 568K | 0 | 0 | 12.54M | 0 | 0 |
| Deferred Taxes | 28K | 76K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -216K | 0 | 0 | 0 | 0 | 0 | 0 | -615K | 0 | 0 |
| Other Non-Cash Items | 355.97M | 59.12M | 392.88M | -55.88M | -32.86M | -40.03M | -20.32M | 10.47M | 15.87M | 11.84M | 14.5M | 12.9M | 14.07M | 8.99M | 16.89M | 3.74M | 5.89M | -14.18M | 188K | 140K |
| Working Capital Changes | 23.69M | 3.9M | -11.26M | -4.38M | 95.91M | -5.81M | 3.83M | -2.44M | -5.68M | -767K | -2.69M | -4.07M | -3.08M | 9.14M | 11.77M | 7.66M | -9.22M | 8.71M | 1.44M | -449K |
| Change in Receivables | -4.5M | 7.15M | -6.39M | 88K | -1.3M | 608K | -1.83M | -886K | -667K | 1.72M | -2.72M | 0 | 0 | 168K | 0 | 168K | 647K | 0 | -199.06K | -117.88K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41.69K | 354.09K |
| Change in Payables | 4.32M | 2.41M | -6.01M | 0 | 13.84M | 241K | 6.77M | -4.58M | -1.69M | -3.34M | -124K | -1.38M | -2.44M | 6.62M | 6.06M | 5.67M | -6.07M | 3.94M | 37K | 1.47M |
| Cash from Investing | -712.82M | -1.04B | -200.23M | -71.03M | -61.06M | -8.76M | 11.18M | -46.6M | -46.98M | -24.18M | -25.4M | -6.56M | -16.17M | -18.98M | 616K | -41.36M | -40.56M | -72.1M | -26.53M | -19.86M |
| Capital Expenditures | -522.95M | 93.69M | -231.57M | -119.94M | -93.69M | -153.63M | -20.73M | -46.6M | -46.98M | -33.78M | -25.4M | -6M | -9.99M | -10.57M | -11.43M | -24.2M | -32.89M | -73.27M | -5.44M | -1.32M |
| CapEx % of Revenue | 1537.56% | 261.43% | 457.85% | 251.79% | 272.31% | 439.14% | 76.6% | 130.99% | 110.71% | 145.05% | 129.26% | 38.85% | 86.59% | 110.45% | 295.81% | 1747.36% | 15156.68% | 10838.91% | 114.68% | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 701.26M | 712.73M | 1.93M | 1.43M | 0 | 0 | 79.49M | 85.57M | 93.88M | 98.61M | 105.56M | 111.45M | 122.03M | 98.74M | 76.73M | 140.07M | 123.05M | 104.28M | 0 | 42.1M |
| Other Investing | -189.87M | -1.07B | 6.95M | 51.64M | 0 | 23.32M | 0 | 0 | 0 | 9.6M | 0 | 0 | -3.9M | -234K | 15.25M | 138K | 11.4M | 1.17M | 0 | 0 |
| Cash from Financing | 100.38M | 4.13B | 858.25M | -902K | -51.33M | 301.61M | -70.43M | 88.5M | 15.52M | 61.13M | 21.38M | -1.88M | 33.55M | 16.63M | 13.43M | 40.72M | 19.2M | 100M | 0 | 50M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 12.94M | 2.57M | -97.48M | -902K | -33.29M | -118.22M | 15.48M | 122.52M | 50.72M | 78.25M | 21.54M | 5.17M | 30.95M | 10.5M | 2.75M | 27.59M | 16.05M | 0 | 0 | 50M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -100.61M | -902K | -33.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -5.31M | -220K | -9.34M | 0 | -18.03M | -66.28M | -10.07M | -3.85M | -1.48M | -10.53M | -163K | -7.05M | 1.34M | 7.69M | -1.45M | 13.13M | 3.15M | 100M | 0 | 0 |
| Net Change in Cash | -630.04M | 2.75B | 621.32M | -126.74M | -55.9M | 250.13M | -80.17M | 58.28M | -8.62M | 47.84M | -1.65M | -8.74M | 8.66M | -3.41M | 10.81M | -2.66M | -42.87M | 45.86M | -760.01K | -2.17M |
| Free Cash Flow | -540.54M | -703.16M | -268.26M | -174.75M | -37.2M | -196.36M | -41.65M | -30.22M | -24.13M | -22.88M | -23.02M | -6.3M | -18.7M | -11.63M | -14.67M | -26.23M | -54.4M | -63.96M | -10.03M | -6.04M |
| FCF Margin % | -1589.28% | -1962.16% | -530.38% | -366.85% | -108.12% | -561.26% | -153.93% | -84.95% | -56.87% | -98.27% | -117.16% | -40.77% | -162.13% | -121.52% | -379.68% | -1893.65% | -25068.66% | -9461.69% | -211.53% | - |
| FCF Growth % | -1353.08% | -258.1% | -544.03% | -478.29% | -54.15% | -758.17% | -80.91% | -379.59% | -29.06% | -96.81% | -56.94% | 75.98% | 65.63% | 81.82% | -46.21% | -334.29% | -129.53% | -27754.03% | -1894.28% | - |
| FCF per Share | -1.28 | -1.77 | -0.67 | -0.45 | -0.10 | -0.51 | -0.11 | -0.09 | -0.08 | -0.08 | -0.10 | -0.03 | -0.11 | -0.09 | -0.13 | -0.25 | -0.54 | -0.64 | -0.11 | -0.06 |
| FCF Conversion (FCF/Net Income) | 0.04x | 0.70x | 0.08x | 2.98x | -0.92x | 1.46x | 0.92x | -1.51x | -2.38x | -1.04x | -0.12x | 0.02x | 0.33x | 0.04x | 0.10x | 0.15x | 1.18x | -0.21x | 5.39x | 1.07x |
| Interest Paid | 0 | 0 | 0 | 7.11M | 0 | 2K | 741K | 0 | 0 | 4.03M | 0 | 5.85M | 0 | 4.77M | 0 | 3.52M | 1.43M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |