WULF
Terawulf Inc
NASDAQ: WULF · FINANCIAL SERVICES · CAPITAL MARKETS
$20.02
-3.75% today
Updated 2026-04-29
Market cap
$9.86B
P/E ratio
—
P/S ratio
58.55x
EPS (TTM)
$-1.66
Dividend yield
—
52W range
$3 – $22
Volume
31.3M
Terawulf Inc (WULF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.89M | $15.82M | $15.85M | $15.12M | $16.52M | $16.78M | $17.31M | $17.49M | $18.49M | $17.56M | $17.57M | $17.24M | $18.21M | $17.62M | $13.43M | $12.74M | $15.03M | $69.23M | $140.05M | $168.46M |
| Revenue growth (YoY) | — | +6.3% | +0.2% | -4.6% | +9.2% | +1.6% | +3.2% | +1.0% | +5.7% | -5.0% | +0.0% | -1.9% | +5.6% | -3.3% | -23.8% | -5.1% | +18.0% | +360.5% | +102.3% | +20.3% |
| Cost of revenue | $8.18M | $8.89M | $9.23M | $9.05M | $9.71M | $10.07M | $10.37M | $10.55M | $11.79M | $11.42M | $11.33M | $11.51M | $11.96M | $12.22M | $9.53M | $52000.00 | $11.08M | $27.32M | $62.61M | $82.66M |
| Gross profit | $6.71M | $6.94M | $6.63M | $6.07M | $6.80M | $6.71M | $6.94M | $6.94M | $6.70M | $6.14M | $6.24M | $5.73M | $6.25M | $5.40M | $3.91M | $-52000.00 | $3.95M | $41.91M | $77.44M | $85.79M |
| Gross margin | 45.0% | 43.8% | 41.8% | 40.1% | 41.2% | 40.0% | 40.1% | 39.7% | 36.3% | 35.0% | 35.5% | 33.2% | 34.3% | 30.6% | 29.1% | -0.4% | 26.3% | 60.5% | 55.3% | 50.9% |
| R&D | $742406.00 | $775049.00 | $767083.00 | $653747.00 | $695593.00 | $512259.00 | $629776.00 | $649325.00 | $664999.00 | $614402.00 | $647065.00 | $688688.00 | $677242.00 | $870279.00 | $671493.00 | $418425.00 | — | — | — | — |
| SG&A | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $36.05M | $39.84M | $70.58M | $147.76M |
| Operating income | $1.47M | $1.43M | $970372.00 | $869651.00 | $1.53M | $1.03M | $1.03M | $920130.00 | $913466.00 | $135007.00 | $-22004.00 | $-464609.00 | $225819.00 | $-956676.00 | $-1.79M | $-43.40M | $-43.74M | $-29.42M | $-76.22M | $-170.31M |
| Operating margin | 9.9% | 9.0% | 6.1% | 5.8% | 9.3% | 6.1% | 6.0% | 5.3% | 4.9% | 0.8% | -0.1% | -2.7% | 1.2% | -5.4% | -13.3% | -340.5% | -291.0% | -42.5% | -54.4% | -101.1% |
| EBITDA | $1.86M | $1.97M | $1.45M | $468463.00 | $2.01M | $1.51M | $1.59M | $1.55M | $1.58M | $135007.00 | $-22004.00 | $-464609.00 | $225819.00 | $-956676.00 | $-1.79M | $-43.35M | $-38.83M | $161000.00 | $-17.41M | $-75.76M |
| EBITDA margin | 12.5% | 12.4% | 9.1% | 3.1% | 12.2% | 9.0% | 9.2% | 8.9% | 8.5% | 0.8% | -0.1% | -2.7% | 1.2% | -5.4% | -13.3% | -340.1% | -258.3% | 0.2% | -12.4% | -45.0% |
| EBIT | $1.59M | $1.64M | $1.09M | $-11361.00 | $1.55M | $1.04M | $1.04M | $927173.00 | $918766.00 | $135007.00 | $-22004.00 | $-464609.00 | $225819.00 | $-956676.00 | $-1.79M | $-43.40M | $-45.80M | $-29.19M | $-78.59M | $-168.81M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $58222.00 | $83080.00 | $90583.00 | $90058.00 | $86561.00 | $2.25M | $24.68M | $34.81M | $19.79M | $80.25M |
| Income tax | $466000.00 | $466000.00 | $271000.00 | $296000.00 | $440000.00 | $345000.00 | $351000.00 | $245000.00 | $270000.00 | $90000.00 | $-4000.00 | $-298000.00 | $46000.00 | $-172000.00 | $-210000.00 | $-615000.00 | $-256000.00 | $9.29M | $-25.96M | — |
| Effective tax rate | 29.3% | 28.5% | 25.0% | -2605.6% | 28.3% | 33.1% | 33.6% | 26.4% | 29.4% | 40.0% | 5.8% | 56.9% | 24.8% | 17.5% | 32.3% | 0.6% | 0.3% | -14.5% | 26.4% | 0.0% |
| Net income | $1.12M | $1.17M | $814134.00 | $-307360.00 | $1.11M | $698257.00 | $693931.00 | $682173.00 | $648770.00 | $135007.00 | $-65061.00 | $-226147.00 | $139465.00 | $-813558.00 | $-439320.00 | $-95.68M | $-90.79M | $-73.42M | $-72.42M | $-661.42M |
| Net income growth (YoY) | — | +4.1% | -30.4% | -137.8% | +462.4% | -37.3% | -0.6% | -1.7% | -4.9% | -79.2% | -148.2% | -247.6% | +161.7% | -683.3% | +46.0% | -21679.8% | +5.1% | +19.1% | +1.4% | -813.3% |
| Profit margin | 7.5% | 7.4% | 5.1% | -2.0% | 6.7% | 4.2% | 4.0% | 3.9% | 3.5% | 0.8% | -0.4% | -1.3% | 0.8% | -4.6% | -3.3% | -750.8% | -603.9% | -106.1% | -51.7% | -392.6% |