TeraWulf Inc. (WULF) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 3.17M | 16.94M | 33.45M | 25.54M | 9.85M | 15.36M | 12.4M | 21.66M | 28.02M | 14.35M | 11.38M | 10.34M | 6.53M | 4.29M | -1.32M | 794K | 185K | 304K | 1.58M | -115K |
| Gross Margin % | 9.33% | 47.28% | 66.15% | 53.62% | 28.64% | 43.91% | 45.82% | 60.88% | 66.05% | 61.64% | 57.93% | 66.92% | 56.63% | 44.82% | -34.08% | 57.33% | 85.25% | 44.97% | 33.35% | - |
| Gross Profit Growth % | -67.78% | 10.28% | 169.82% | 17.94% | -64.85% | 7.04% | 8.92% | 109.38% | 329.11% | 234.72% | 964.39% | 1202.64% | 3430.27% | 1310.53% | -183.24% | 790.43% | -81.43% | -79.64% | 81.06% | - |
| Operating Expenses | 138.97M | 103.58M | 47.34M | 35.7M | 69.48M | 66.79M | 28.11M | 28.42M | 30.34M | 19.02M | 21.07M | 16.19M | 15.75M | 17.68M | 12.06M | 8.61M | 9.35M | -3.74M | 2.41M | 4.15M |
| OpEx % of Revenue | 408.58% | 289.03% | 93.6% | 74.95% | 201.95% | 190.9% | 103.88% | 79.89% | 71.5% | 81.68% | 107.23% | 104.74% | 136.58% | 184.76% | 312.03% | 621.66% | 4309.68% | -553.85% | 50.78% | - |
| Selling, General & Admin | 138.97M | 66.65M | 16.68M | 14.29M | 50.14M | 32.27M | 11.48M | 13.59M | 14.91M | 8.79M | 10.29M | 8.55M | 9.39M | 11.61M | 8.88M | 6.76M | 8.8M | -3.76M | 2.27M | 4.15M |
| SG&A % of Revenue | 408.58% | 185.98% | 32.97% | 29.99% | 145.75% | 92.25% | 42.42% | 38.2% | 35.14% | 37.74% | 52.34% | 55.34% | 81.42% | 121.35% | 229.87% | 487.87% | 4055.76% | -556.8% | 47.94% | - |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -135.79M | -86.63M | -13.89M | -10.16M | -59.63M | -51.42M | -15.71M | -6.76M | -2.32M | -4.67M | -9.69M | -5.84M | -9.22M | -13.39M | -13.37M | -7.82M | -9.17M | -44.7M | -826.57K | -4.27M |
| Operating Margin % | -399.25% | -241.75% | -27.46% | -21.33% | -173.31% | -146.99% | -58.06% | -19.02% | -5.46% | -20.04% | -49.3% | -37.82% | -79.95% | -139.94% | -346.12% | -564.33% | -4224.42% | -6612.28% | -17.43% | - |
| Operating Income Growth % | -127.73% | -68.47% | 11.6% | -50.17% | -2474.61% | -1002.1% | -62.15% | -15.74% | 74.88% | 65.15% | 27.55% | 25.22% | -0.59% | 70.05% | -1518.01% | -83.17% | -2745.3% | -15701.2% | -240.83% | - |
| EBITDA | -105.44M | -57.05M | 13.78M | 9.38M | -43.37M | -35.86M | 184K | 7.62M | 13.02M | 3.85M | -1.22M | 834K | -3.54M | -8.14M | -11.85M | -7.58M | -9.16M | -46.62M | -665.86K | -4.27M |
| EBITDA Margin % | -310.02% | -159.18% | 27.25% | 19.68% | -126.05% | -102.51% | 0.68% | 21.42% | 30.69% | 16.53% | -6.19% | 5.4% | -30.68% | -85.05% | -306.6% | -546.93% | -4222.58% | -6896.45% | -14.04% | - |
| EBITDA Growth % | -143.13% | -59.07% | 7389.67% | 23.07% | -432.99% | -1031.48% | 115.13% | 813.55% | 468.12% | 147.31% | 89.74% | 111.01% | 61.39% | 82.55% | -1679.2% | -77.53% | -5903.8% | -10296.4% | -250.89% | - |
| D&A (Non-Cash Add-back) | 30.35M | 29.59M | 27.67M | 19.54M | 16.26M | 15.56M | 15.89M | 14.38M | 15.34M | 8.52M | 8.47M | 6.68M | 5.68M | 5.25M | 1.53M | 241K | 4K | -1.92M | 160.71K | 0 |
| EBIT | -135.79M | -60.02M | -445.22M | -14.36M | -57.37M | -48.78M | -19.64M | -6.32M | -3.84M | -4.55M | -9.63M | -5.79M | -9.22M | -15.44M | -13.37M | -7.82M | -9.17M | 1.92M | -826.55K | -4.27M |
| Net Interest Income | -37.66M | -62.36M | -5.74M | -4.01M | -1.79M | -3.02M | -409K | -5.33M | -10.54M | -9.28M | -10.25M | -8.45M | -6.83M | -7.99M | -7.23M | -4.14M | -5.32M | 0 | 0 | 0 |
| Interest Income | 29.41M | 0 | 4.09M | 0 | 2.26M | 0 | 0 | 0 | 500K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 67.07M | 62.36M | 9.83M | 4.01M | 4.05M | 3.02M | 409K | 5.33M | 11.04M | 9.28M | 10.25M | 8.45M | 6.83M | 7.99M | 7.23M | 4.14M | 5.32M | 0 | 0 | 0 |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -427.68M | -126.5M | -455.05M | -18.37M | -61.42M | -51.8M | -20.05M | -11.64M | -9.61M | -10.5M | -19.03M | -17.54M | -26.22M | -24.53M | -33.34M | -13.04M | -15.28M | -44.84M | -826.65K | -4.41M |
| Pretax Margin % | -1257.42% | -353% | -899.7% | -38.56% | -178.51% | -148.06% | -74.11% | -32.73% | -22.65% | -45.1% | -96.84% | -113.46% | -227.37% | -256.41% | -862.91% | -941.44% | -7040.09% | -6632.99% | -17.43% | - |
| Income Tax | 28K | 76K | 0 | 0 | 0 | 0 | 2.68M | -767K | 0 | 0 | 0 | 0 | 0 | 0 | -256K | 0 | 0 | -140K | 25.08K | 0 |
| Effective Tax Rate % | -0.01% | -0.06% | 0% | 0% | 0% | 0% | -13.36% | 6.59% | 0% | 0% | 0% | 0% | 0% | 0% | 0.77% | 0% | 0% | 0.31% | -3.03% | 0% |
| Net Income | -427.63M | -126.58M | -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 | -44.7M | -851.74K | -4.41M |
| Net Margin % | -1257.3% | -353.21% | -899.7% | -38.56% | -178.51% | -83.45% | -84.01% | -30.57% | -22.65% | -45.2% | -97.19% | -113.48% | -227.67% | -260.8% | -879.61% | -986.93% | -8379.26% | -6612.28% | -17.96% | - |
| Net Income Growth % | -596.27% | -333.55% | -1901.72% | -68.9% | -538.91% | -177.4% | -19.03% | 37.99% | 63.39% | 57.82% | 43.81% | -28.32% | -44.4% | 44.18% | -3890.44% | -210.17% | -5553.23% | -3154.91% | -210.86% | - |
| Net Income (Continuing) | -427.7M | -126.58M | -455.05M | -18.37M | -61.42M | -51.8M | -22.73M | -10.88M | -9.61M | -10.5M | -19.03M | -17.54M | -26.22M | -24.53M | -33.09M | -13.04M | -15.28M | 2.25M | -851.74K | -4.41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23K | -68K | -3K | -35K | -420K | -901K | -630K | -1000K | 0 | 0 | 0 |
| Minority Interest | 1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.01 | -0.32 | -1.13 | -0.05 | -0.16 | -0.07 | -0.06 | -0.03 | -0.03 | -0.04 | -0.09 | -0.08 | -0.16 | -0.18 | -0.19 | -0.13 | -0.18 | -0.45 | -0.01 | -0.04 |
| EPS Growth % | -531.25% | -341.99% | -1773.96% | -44.82% | -383.38% | -85.64% | 31.01% | 60.67% | 79.31% | 78.33% | 54% | 35.85% | 11.11% | 60% | - | -194.78% | 100% | -160.81% | 93.21% | - |
| EPS (Basic) | -1.01 | -0.32 | -1.13 | -0.05 | -0.16 | -0.07 | -0.06 | -0.03 | -0.03 | -0.04 | -0.09 | -0.08 | -0.16 | -0.18 | -0.19 | -0.13 | -0.18 | -0.45 | -0.01 | -0.04 |
| Diluted Shares Outstanding | 423M | 397.61M | 401.56M | 386.9M | 383.15M | 385.65M | 382.09M | 340.66M | 290.6M | 276.73M | 221.72M | 210.42M | 165.02M | 131.34M | 108.84M | 104.12M | 100.12M | 99.98M | 89.33M | 99.98M |
| Basic Shares Outstanding | 423M | 397.61M | 401.56M | 386.9M | 383.15M | 385.65M | 382.09M | 340.66M | 290.6M | 276.73M | 221.72M | 210.42M | 165.02M | 131.34M | 108.84M | 104.12M | 100.12M | 99.98M | 89.33M | 99.98M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |