Terawulf Inc (WULF) financials
Terawulf revenue and earnings by year
Terawulf's revenue was $168 million in the fiscal year to December 31, 2025, up 20.3% from the year before. Net income was -$661 million, -392.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 28.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.17 | 0.14 | 0.07 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Revenue growth | 20.3% | 102.3% | 360.5% | 11.9% | -23.8% | -3.3% | 5.6% | -1.9% | — |
| Gross profit | 0.09 | 0.08 | 0.04 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Gross margin | 50.9% | 55.3% | 60.5% | 26.3% | 29.1% | 30.6% | 34.3% | 33.2% | 35.5% |
| Operating income | -0.18 | -0.08 | -0.03 | -0.04 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 |
| Operating margin | -104.4% | -54.4% | -42.5% | -291.0% | -13.3% | -5.4% | 1.2% | -2.7% | -0.1% |
| Net income | -0.66 | -0.07 | -0.07 | -0.09 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 |
| Net margin | -392.6% | -51.7% | -106.1% | -603.9% | -3.3% | -4.6% | 0.8% | -1.3% | -0.4% |
| Diluted EPS | -$1.66 | -$0.21 | -$0.35 | -$0.82 | -$0.18 | -$0.33 | $0.06 | -$0.09 | -$0.02 |
| Free cash flow | -1.17 | -0.27 | -0.07 | -0.10 | -0.00 | -0.00 | 0.00 | 0.00 | -0.00 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WULF in Markets.
See also: WULF returns
No forecast, no recommendation. This page describes Terawulf Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.