TERAWULF INC. Income Statement
WULF / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
TERAWULF INC. reported $168M in revenue and $661M in net loss for FY2025. Revenue has grown at a 17.9% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 0.01 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $168.5M | $140.1M | $69.2M | - | - | $13.4M | $17.6M | $18.2M | $17.2M | $17.6M | $17.6M | $18.5M | $17.5M | $17.3M | $16.8M |
| Cost of Revenue | $82.7M | $62.6M | $27.3M | $11.1M | - | $9.5M | $12.2M | $12.0M | $11.5M | $11.3M | $11.4M | $11.8M | $10.6M | $10.4M | $10.1M |
| Gross Profit | $66.0M | $69.8M | $37.0M | $4.0M | - | $3.9M | $5.4M | $6.3M | $5.7M | $6.2M | $6.1M | $6.7M | $6.9M | $6.9M | $6.7M |
| SG&A Expense | - | - | - | $22.8M | $23.8M | $5.0M | $5.5M | $5.4M | $5.5M | $5.6M | $5.3M | $5.1M | $5.4M | $5.3M | $5.2M |
| R&D Expense | - | - | - | - | - | $671.5K | $870.3K | $677.2K | $688.7K | $647.1K | $660.4K | $665.0K | $649.3K | $629.8K | $512.3K |
| Operating Income | -$186.2M | -$76.2M | -$29.4M | -$43.7M | -$43.4M | -$1.8M | -$956.7K | $225.8K | -$464.6K | -$22.0K | $220.8K | $913.5K | $920.1K | $1.0M | $1.0M |
| Interest Expense | - | - | $19.5M | $9.3M | $2.3M | $86.6K | $90.1K | $90.6K | $83.1K | $58.2K | - | - | - | - | - |
| Income Tax | $76.0K | $0 | $0 | -$256.0K | -$615.0K | -$210.0K | -$172.0K | $46.0K | -$298.0K | -$4.0K | $90.0K | $270.0K | $245.0K | $351.0K | $345.0K |
| Net Income | -$661.4M | -$72.4M | -$73.4M | -$90.8M | -$95.7M | -$439.3K | -$813.6K | $139.5K | -$226.1K | -$65.1K | $135.0K | $648.8K | $682.2K | $693.9K | $698.3K |
| EPS (Basic) | -$0.35 | -$0.21 | -$0.35 | -$0.82 | -$1.13 | -$0.41 | $0.07 | -$0.11 | -$0.03 | $0.07 | $0.32 | $0.34 | $0.35 | $0.35 | $0.56 |
| EPS (Diluted) | -$0.35 | -$0.21 | -$0.35 | -$0.82 | -$1.13 | -$0.41 | $0.07 | -$0.11 | -$0.03 | $0.07 | $0.32 | $0.34 | $0.35 | $0.35 | $0.56 |
| Shares Outstanding | 385.7M | 351.3M | 210.0M | 110.6M | 85.2M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M |
| Gross Margin | 39.2% | 49.8% | 53.5% | - | - | 29.1% | 30.6% | 34.3% | 33.2% | 35.5% | 35.0% | 36.3% | 39.7% | 40.1% | 40.0% |
| Operating Margin | -110.5% | -54.4% | -42.5% | - | - | -13.3% | -5.4% | 1.2% | -2.7% | -0.1% | 1.3% | 4.9% | 5.3% | 6.0% | 6.1% |
| Profit Margin | -392.6% | -51.7% | -106.1% | - | - | -3.3% | -4.6% | 0.8% | -1.3% | -0.4% | 0.8% | 3.5% | 3.9% | 4.0% | 4.2% |