TeraWulf (WULF) Financials

$3.54 -0.10 (-2.75%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$3.49 -0.05 (-1.41%)

As of 05/30/2025 07:59 PM Eastern

Annual Income Statements for TeraWulf

This table shows TeraWulf's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-72	-73	-91	-0.44	-0.81	0.14	-0.23	-0.07	0.14	0.65
Consolidated Net Income / (Loss)	-72	-73	-91	-0.44	-0.81	0.14	-0.23	-0.07	0.14	0.65
Net Income / (Loss) Continuing Operations	-72	-73	-86	-0.44	-0.81	0.14	-0.23	-0.07	0.14	0.65
Total Pre-Tax Income	-98	-64	-70	-0.65	-0.99	0.19	-0.52	-0.07	0.23	0.92
Total Operating Income	-76	-29	-44	-1.79	-0.96	0.23	-0.46	-0.02	0.22	0.91
Total Gross Profit	77	42	3.95	3.91	5.40	6.25	5.73	6.24	6.14	6.70
Total Revenue	140	69	15	13	18	18	17	18	18	18
Operating Revenue	140	69	15	13	18	18	17	18	18	18
Total Cost of Revenue	63	27	11	9.53	12	12	12	11	11	12
Operating Cost of Revenue	63	27	11	9.53	12	12	12	11	11	12
Total Operating Expenses	154	71	48	5.69	6.35	6.03	6.20	6.26	5.92	5.79
Selling, General & Admin Expense	78	42	39	5.02	5.48	5.35	5.51	5.61	5.26	5.12
Depreciation Expense	60	28	6.67	-	-	-	-	-	-	-
Other Operating Expenses / (Income)	-2.20	-3.17	0.24	-	-	-	-	-	-	-
Impairment Charge	0.00	3.04	1.46	-	-	-	-	-	-	-
Other Special Charges / (Income)	18	1.21	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-22	-35	-27	1.14	-0.03	-0.04	-0.06	-0.05	0.00	0.01
Interest Expense	26	35	27	0.09	0.09	0.09	0.08	0.06	-	-
Other Income / (Expense), net	3.93	0.23	0.00	-	-	-	-	-	-	-
Income Tax Expense	0.00	0.00	-0.26	-0.21	-0.17	0.05	-0.30	-0.00	0.09	0.27
Other Gains / (Losses), net	26	-9.29	-16	-	-	-	-	-	-	-
Net Income / (Loss) Discontinued Operations	0.00	-0.13	-4.86	-	-	-	-	-	-	-
Basic Earnings per Share	($0.21)	($0.35)	($0.82)	($0.22)	($0.41)	$0.07	($0.11)	($0.03)	$0.07	$0.32
Weighted Average Basic Shares Outstanding	351.32M	209.96M	110.64M	1.98M	1.98M	1.98M	2.01M	2.02M	2.02M	2.02M
Diluted Earnings per Share	($0.21)	($0.35)	($0.82)	($0.22)	($0.41)	$0.07	($0.11)	($0.03)	$0.07	$0.32
Weighted Average Diluted Shares Outstanding	351.32M	209.96M	110.64M	1.98M	1.98M	1.98M	2.01M	2.02M	2.02M	2.02M
Weighted Average Basic & Diluted Shares Outstanding	383.14M	302.24M	186.27M	1.98M	1.98M	1.98M	1.98M	2.02M	2.02M	2.02M
Cash Dividends to Common per Share	$0.00	$0.00	$0.00	-	-	-	-	-	-	-

This table shows TeraWulf's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-28	-23	-11	-9.90	-9.73	-19	-18	-27	-24	-34
Consolidated Net Income / (Loss)	-29	-23	-11	-9.61	-11	-19	-18	-26	-25	-34
Net Income / (Loss) Continuing Operations	-29	-23	-11	-9.61	-11	-19	-18	-26	-25	-33
Total Pre-Tax Income	-52	-20	-12	-15	-14	-20	-14	-16	-23	-21
Total Operating Income	-51	-16	-6.77	-2.32	-4.67	-9.69	-5.85	-9.22	-13	-13
Total Gross Profit	15	12	22	28	14	11	10	6.53	4.29	-1.32
Total Revenue	35	27	36	42	23	19	15	12	9.57	3.86
Operating Revenue	35	27	36	42	23	19	15	12	9.57	3.86
Total Cost of Revenue	20	15	14	14	8.93	8.27	5.11	5.00	5.28	5.18
Operating Cost of Revenue	20	15	14	14	8.93	8.27	5.11	5.00	5.28	5.18
Total Operating Expenses	67	28	28	30	19	20	16	16	18	12
Selling, General & Admin Expense	35	13	14	17	10	12	9.66	10	13	9.14
Depreciation Expense	15	16	14	15	8.27	8.22	6.43	5.43	4.95	1.52
Other Operating Expenses / (Income)	-0.62	-0.95	0.70	-1.33	-1.89	-0.70	-0.58	0.00	-1.38	1.41
Total Other Income / (Expense), net	-0.37	-4.34	-4.88	-13	-9.16	-10	-8.40	-6.83	-10	-7.23
Interest Expense	3.02	4.68	5.33	13	9.28	10	8.45	6.83	10	7.23
Other Income / (Expense), net	2.64	0.34	0.45	0.50	0.12	0.06	0.05	0.00	-	0.00
Other Gains / (Losses), net	23	-2.68	0.77	5.28	3.32	0.85	-3.30	-10	-1.10	-13
Basic Earnings per Share	($0.09)	($0.06)	($0.03)	($0.03)	($0.02)	($0.09)	($0.08)	($0.16)	($0.18)	($0.32)
Weighted Average Basic Shares Outstanding	351.32M	382.09M	340.66M	290.60M	209.96M	221.72M	210.42M	165.02M	110.64M	108.84M
Diluted Earnings per Share	($0.09)	($0.06)	($0.03)	($0.03)	($0.02)	($0.09)	($0.08)	($0.16)	($0.18)	($0.32)
Weighted Average Diluted Shares Outstanding	351.32M	382.09M	340.66M	290.60M	209.96M	221.72M	210.42M	165.02M	110.64M	108.84M
Weighted Average Basic & Diluted Shares Outstanding	383.14M	385.91M	382.60M	333.18M	302.24M	238.20M	221.13M	212.03M	186.27M	128.37M

This table details how cash moves in and out of TeraWulf's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	220	46	-38	2.73	-0.66	0.69	-0.12	-1.20	0.31	0.23
Net Cash From Operating Activities	-24	4.26	-34	-0.40	-0.48	1.22	0.20	0.92	1.47	0.92
Net Cash From Continuing Operating Activities	-24	4.16	-32	-0.40	-0.48	1.22	0.20	0.92	1.47	0.92
Net Income / (Loss) Continuing Operations	-72	-73	-86	-0.44	-0.81	0.14	-0.23	-0.07	0.14	0.65
Consolidated Net Income / (Loss)	-72	-73	-91	-0.44	-0.81	0.14	-0.23	-0.07	0.14	0.65
Net Income / (Loss) Discontinued Operations	0.00	-0.13	-4.86	-	-	-	-	-	-	-
Depreciation Expense	60	28	6.67	0.66	0.64	0.76	0.84	0.76	0.66	0.64
Amortization Expense	13	21	12	0.04	0.04	0.04	0.04	0.03	0.03	0.03
Non-Cash Adjustments To Reconcile Net Income	-14	39	22	-1.18	0.09	0.01	-0.01	0.02	0.07	-0.03
Changes in Operating Assets and Liabilities, net	-10	-11	13	0.52	-0.44	0.28	-0.44	0.17	0.58	-0.37
Net Cash From Discontinued Operating Activities	0.00	0.10	-1.80	-	-	-	-	-	-	-
Net Cash From Investing Activities	-91	-78	-94	2.06	0.01	-0.39	0.11	-5.32	-1.15	-0.73
Net Cash From Continuing Investing Activities	-91	-78	-94	2.06	0.01	-0.39	0.11	-5.32	-1.15	-0.73
Purchase of Property, Plant & Equipment	-268	-75	-61	-0.15	-0.48	-0.54	-0.23	-2.06	-2.87	-0.43
Acquisitions	0.00	-2.85	-46	-0.01	-0.02	-0.05	-0.04	-0.03	-0.05	-0.06
Sale of Property, Plant & Equipment	23	0.00	13	0.02	0.02	0.00	0.03	0.02	-	0.06
Divestitures	86	0.00	0.00	-	-	-	-	-	-	-
Other Investing Activities, net	67	0.00	-0.03	-	-	-	-	-	-	-
Net Cash From Financing Activities	335	120	90	1.07	-0.19	-0.14	-0.44	3.20	0.00	0.00
Net Cash From Continuing Financing Activities	335	120	90	1.07	-0.19	-0.14	-0.44	3.20	0.00	0.00
Repayment of Debt	343	-9.34	-20	-0.14	-0.14	-0.14	-0.14	-0.22	-	-
Repurchase of Common Equity	-118	0.00	0.00	0.00	-0.05	0.00	-0.30	-	-	-
Issuance of Debt	0.21	3.76	48	1.21	0.00	-	-	3.42	-	-
Issuance of Preferred Equity	0.00	0.00	9.57	-	-	-	-	-	-	-
Issuance of Common Equity	194	138	53	-	-	-	-	-	-	-
Other Financing Activities, net	-84	-13	0.00	-	-	-	0.00	0.00	-	-
Cash Interest Paid	6.96	20	14	0.08	0.08	0.08	0.07	0.04	-	-
Cash Income Taxes Paid	0.00	0.00	0.00	0.01	0.01	0.01	0.06	0.10	0.01	0.40

This table details how cash moves in and out of TeraWulf's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	250	-80	58	-8.62	48	-1.65	-8.75	8.66	-3.41	11
Net Cash From Operating Activities	-43	-21	16	23	11	2.38	-0.30	-8.71	-4.46	-6.07
Net Cash From Continuing Operating Activities	-43	-21	16	23	11	2.39	-0.68	-8.62	-3.96	-4.82
Net Income / (Loss) Continuing Operations	-29	-23	-11	-9.61	-11	-19	-18	-26	-25	-33
Consolidated Net Income / (Loss)	-29	-23	-11	-9.61	-11	-19	-18	-26	-25	-34
Depreciation Expense	15	16	14	15	8.27	8.22	6.43	5.43	4.95	1.52
Amortization Expense	1.07	0.49	3.35	7.85	5.45	6.26	5.01	3.80	4.46	3.05
Non-Cash Adjustments To Reconcile Net Income	-24	-18	12	15	8.63	9.63	9.49	11	5.63	15
Changes in Operating Assets and Liabilities, net	-5.81	3.83	-2.44	-5.68	-0.77	-2.69	-4.07	-3.08	5.54	8.93
Net Cash From Investing Activities	-8.76	11	-47	-47	-34	-25	-6.56	-12	-16	3.45
Net Cash From Continuing Investing Activities	-8.76	11	-47	-47	-34	-25	-6.56	-12	-16	3.45
Purchase of Property, Plant & Equipment	-154	-21	-47	-47	-34	-25	-6.00	-9.99	-7.17	-8.48
Other Investing Activities, net	35	-	-	0.00	-	-	-	-	-	0.06
Net Cash From Financing Activities	302	-70	89	16	71	21	-1.88	30	17	13
Net Cash From Continuing Financing Activities	302	-70	89	16	71	21	-1.88	30	17	13
Repayment of Debt	486	-77	-31	-35	-6.72	-0.16	-1.00	-1.45	-13	-4.43
Issuance of Common Equity	0.62	18	124	51	78	22	5.17	33	16	2.75
Other Financing Activities, net	-67	-11	-5.01	-0.65	-2.53	-	-6.55	-3.90	-	-
Cash Interest Paid	0.00	0.74	2.49	3.73	4.03	4.29	5.85	5.40	4.77	4.27

This table presents TeraWulf's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	788	378	318	265	15	17	17	17	18	15	15
Total Current Assets	281	63	14	68	7.80	8.69	8.96	8.27	9.05	6.72	8.86
Cash & Equivalents	274	54	1.28	43	3.69	0.96	1.62	0.93	1.05	2.25	1.94
Note & Lease Receivable	0.48	1.80	-	-	-	-	-	-	-	-	-
Accounts Receivable	3.80	1.00	0.00	0.65	2.12	2.43	2.22	2.19	2.34	2.17	2.10
Prepaid Expenses	2.49	4.54	5.10	1.49	0.13	0.91	0.38	0.17	0.36	0.09	0.09
Other Current Assets	0.60	0.81	0.73	0.11	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	412	205	192	91	7.39	7.92	8.08	8.30	8.91	7.96	5.42
Total Noncurrent Assets	94	110	112	105	0.24	0.27	0.38	0.35	0.34	0.34	0.35
Long-Term Investments	0.00	99	99	104	-	-	-	-	-	-	-
Noncurrent Note & Lease Receivables	7.29	0.00	-	-	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	87	12	13	1.13	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	788	378	318	265	15	17	17	17	18	15	15
Total Liabilities	543	156	200	142	3.60	4.62	4.31	3.97	4.84	1.52	1.29
Total Current Liabilities	52	155	126	46	3.60	1.93	1.30	0.88	1.31	1.14	0.74
Short-Term Debt	0.00	123	63	12	2.69	0.13	0.13	0.13	0.13	-	-
Accounts Payable	24	15	22	12	0.46	0.76	0.65	0.32	0.73	0.42	0.37
Accrued Expenses	21	6.29	18	7.66	0.17	0.66	0.16	0.06	0.07	0.03	0.08
Current Employee Benefit Liabilities	4.55	4.41	-	-	0.28	0.38	0.37	0.36	0.39	0.35	0.29
Other Current Liabilities	1.42	5.32	23	13	-	-	-	-	-	0.33	-
Total Noncurrent Liabilities	491	0.96	74	96	0.00	2.69	3.00	3.09	3.52	0.39	0.55
Long-Term Debt	488	0.06	73	95	-	2.69	2.82	2.95	3.08	-	-
Other Noncurrent Operating Liabilities	3.72	0.90	0.95	0.99	-	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	244	222	118	123	12	12	13	13	13	13	13
Total Preferred & Common Equity	244	222	118	123	12	12	13	13	13	13	13
Preferred Stock	9.27	9.27	9.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	235	213	108	123	12	12	13	13	13	13	13
Common Stock	686	473	295	219	2.94	2.92	2.92	2.91	2.93	2.90	2.88
Retained Earnings	-332	-260	-186	-96	8.90	9.34	10	10	11	11	10
Treasury Stock	-118	0.00	-	-	-	-	-	-	-	-	-

This table presents TeraWulf's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	406	480	395	312	300	317	310
Total Current Assets	32	111	54	13	14	22	16
Cash & Equivalents	24	104	46	6.60	8.24	17	4.47
Note & Lease Receivable	0.30	0.95	-	-	-	-	-
Accounts Receivable	4.38	2.55	1.67	2.72	-	-	0.00
Prepaid Expenses	3.09	2.85	3.97	2.36	3.47	4.38	3.14
Other Current Assets	0.71	0.51	2.89	1.30	2.65	0.86	1.23
Plant, Property, & Equipment, net	283	272	238	181	162	159	202
Total Noncurrent Assets	90	97	103	118	124	135	92
Long-Term Investments	79	86	92	106	111	122	77
Other Noncurrent Operating Assets	11	11	11	12	12	13	15
Total Liabilities & Shareholders' Equity	406	480	395	312	300	317	310
Total Liabilities	33	93	123	158	165	170	188
Total Current Liabilities	32	92	122	108	82	56	106
Short-Term Debt	0.00	72	99	78	38	7.00	45
Accounts Payable	20	8.40	14	21	20	23	21
Accrued Expenses	12	11	6.43	7.47	7.98	9.85	15
Other Current Liabilities	0.53	0.93	2.01	2.33	15	16	25
Total Noncurrent Liabilities	0.86	0.91	0.93	49	83	114	82
Long-Term Debt	0.00	0.04	0.05	48	82	113	82
Other Noncurrent Operating Liabilities	0.86	0.87	0.89	0.91	0.92	0.94	0.96
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	373	386	272	154	135	146	122
Total Preferred & Common Equity	373	386	272	154	135	146	122
Preferred Stock	9.27	9.27	9.27	9.27	9.27	9.27	9.80
Total Common Equity	363	377	263	145	126	137	112
Common Stock	666	657	533	394	356	345	274
Retained Earnings	-303	-280	-269	-249	-230	-213	-162

This table displays calculated financial ratios and metrics derived from TeraWulf's official financial filings.

Metric	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	102.30%	360.51%	0.00%	-23.76%	-3.27%	5.63%	-1.86%	0.04%	-5.02%	5.71%
EBITDA Growth	-98.61%	178.39%	0.00%	-297.55%	-126.80%	148.73%	-46.86%	-14.67%	-42.51%	2.11%
EBIT Growth	-147.65%	33.27%	0.00%	-86.69%	-523.65%	148.60%	-2,011.48%	-109.96%	-75.83%	-0.72%
NOPAT Growth	-159.05%	32.74%	0.00%	-86.69%	-494.37%	152.21%	-2,011.48%	-111.63%	-79.46%	-4.72%
Net Income Growth	1.37%	19.13%	0.00%	46.00%	-683.34%	161.67%	-247.59%	-148.19%	-79.19%	-4.90%
EPS Growth	40.00%	57.32%	0.00%	46.34%	-685.71%	163.64%	-266.67%	-142.86%	-78.13%	-5.88%
Operating Cash Flow Growth	-672.88%	112.51%	0.00%	16.39%	-138.95%	498.35%	-77.68%	-37.46%	59.92%	-37.49%
Free Cash Flow Firm Growth	-374.63%	0.00%	0.00%	79.13%	-231.24%	481.97%	85.35%	23.01%	-436.36%	-30.28%
Invested Capital Growth	137.30%	31.72%	0.00%	-9.03%	1.41%	-3.82%	-1.28%	9.98%	16.71%	2.18%
Revenue Q/Q Growth	9.12%	24.71%	0.00%	-5.19%	0.61%	-0.48%	1.13%	-0.09%	0.83%	0.14%
EBITDA Q/Q Growth	-99.35%	206.77%	0.00%	24.61%	-6,285.09%	-19.48%	318.04%	-18.62%	26.48%	-20.41%
EBIT Q/Q Growth	-157.68%	23.47%	0.00%	16.65%	-37.68%	-48.81%	40.64%	-111.18%	426.28%	-30.57%
NOPAT Q/Q Growth	-158.73%	22.87%	0.00%	16.65%	-37.68%	-57.64%	40.64%	-108.82%	584.84%	-28.28%
Net Income Q/Q Growth	-34.74%	16.42%	0.00%	77.84%	-39.34%	-61.11%	61.58%	-143.91%	514.09%	-28.15%
EPS Q/Q Growth	-50.00%	31.37%	0.00%	78.22%	-41.38%	-61.11%	62.07%	-142.86%	600.00%	-27.27%
Operating Cash Flow Q/Q Growth	-183.65%	138.44%	0.00%	18.20%	-2.40%	8.57%	-21.39%	-37.77%	173.26%	-38.60%
Free Cash Flow Firm Q/Q Growth	-161.43%	-93.43%	100.00%	45.48%	-7.04%	14.06%	-572.85%	47.88%	-93.38%	-50.22%
Invested Capital Q/Q Growth	70.09%	14.80%	-8.50%	0.31%	-0.59%	0.50%	3.10%	0.02%	12.37%	4.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.30%	60.54%	26.28%	29.07%	30.63%	34.34%	33.23%	35.50%	34.99%	36.25%
EBITDA Margin	0.20%	28.42%	-166.96%	-8.10%	-1.55%	5.61%	2.38%	4.40%	5.16%	8.52%
Operating Margin	-54.42%	-42.50%	-290.99%	-13.30%	-5.43%	1.24%	-2.69%	-0.13%	1.26%	4.94%
EBIT Margin	-51.62%	-42.16%	-290.99%	-13.30%	-5.43%	1.24%	-2.69%	-0.13%	1.26%	4.94%
Profit (Net Income) Margin	-51.71%	-106.06%	-603.94%	-3.27%	-4.62%	0.77%	-1.31%	-0.37%	0.77%	3.51%
Tax Burden Percent	73.61%	114.72%	128.82%	67.66%	82.55%	75.20%	43.15%	94.21%	60.00%	70.61%
Interest Burden Percent	136.10%	219.26%	161.11%	36.36%	103.02%	82.13%	112.81%	313.86%	101.90%	100.58%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	24.80%	0.00%	0.00%	40.00%	29.39%
Return on Invested Capital (ROIC)	-16.39%	-12.13%	-20.90%	-10.99%	-5.66%	1.42%	-2.65%	-0.13%	1.27%	6.77%
ROIC Less NNEP Spread (ROIC-NNEP)	-37.13%	13,361.61%	-230.25%	-130.91%	11.13%	4.29%	-13.43%	2.84%	1.18%	6.66%
Return on Net Nonoperating Assets (RNNOA)	-14.62%	-31.02%	-56.20%	7.35%	-0.75%	-0.35%	0.93%	-0.35%	-0.26%	-1.76%
Return on Equity (ROE)	-31.02%	-43.16%	-77.10%	-3.65%	-6.41%	1.07%	-1.71%	-0.48%	1.01%	5.00%
Cash Return on Invested Capital (CROIC)	-97.80%	-39.51%	0.00%	-1.53%	-7.06%	5.32%	-1.36%	-9.64%	-14.16%	4.61%
Operating Return on Assets (OROA)	-12.40%	-8.39%	-15.02%	-11.05%	-5.58%	1.32%	-2.64%	-0.13%	1.49%	6.38%
Return on Assets (ROA)	-12.43%	-21.10%	-31.17%	-2.72%	-4.74%	0.81%	-1.28%	-0.39%	0.91%	4.53%
Return on Common Equity (ROCE)	-29.79%	-40.81%	-74.13%	-3.65%	-6.41%	1.07%	-1.71%	-0.48%	1.01%	5.00%
Return on Equity Simple (ROE_SIMPLE)	-29.63%	-33.00%	-77.10%	-3.71%	-6.64%	1.06%	-1.75%	-0.48%	1.00%	4.86%
Net Operating Profit after Tax (NOPAT)	-53	-21	-31	-1.25	-0.67	0.17	-0.33	-0.02	0.13	0.65
NOPAT Margin	-38.09%	-29.75%	-203.70%	-9.31%	-3.80%	0.93%	-1.89%	-0.09%	0.75%	3.49%
Net Nonoperating Expense Percent (NNEP)	20.74%	-13,373.75%	209.35%	119.91%	-16.79%	-2.87%	10.79%	-2.98%	0.08%	0.11%
Return On Investment Capital (ROIC_SIMPLE)	-7.29%	-5.95%	-12.08%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	44.70%	39.46%	73.72%	70.93%	69.37%	65.66%	66.77%	64.50%	65.01%	63.75%
SG&A Expenses to Revenue	55.86%	60.53%	261.66%	37.37%	31.12%	29.38%	31.93%	31.94%	29.97%	27.72%
R&D to Revenue	0.00%	0.00%	0.00%	5.00%	4.94%	3.72%	3.99%	3.68%	3.76%	3.60%
Operating Expenses to Revenue	109.72%	103.04%	317.27%	42.37%	36.06%	33.10%	35.93%	35.62%	33.73%	31.31%
Earnings before Interest and Taxes (EBIT)	-72	-29	-44	-1.79	-0.96	0.23	-0.46	-0.02	0.22	0.91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.27	20	-25	-1.09	-0.27	1.02	0.41	0.77	0.91	1.57
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.29	2.68	0.79	1.66	0.86	1.28	1.16	1.69	1.67	2.20
Price to Tangible Book Value (P/TBV)	9.29	2.68	0.79	1.70	0.88	1.31	1.19	1.73	1.72	2.26
Price to Revenue (P/Rev)	15.60	8.26	5.68	1.47	0.60	0.92	0.87	1.29	1.29	1.59
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	119.92	0.00	0.00	167.28	45.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.83%	0.00%	0.00%	0.60%	2.21%
Enterprise Value to Invested Capital (EV/IC)	5.26	2.86	0.84	1.73	0.86	1.31	1.17	1.75	1.81	2.67
Enterprise Value to Revenue (EV/Rev)	17.19	7.97	8.21	1.39	0.58	0.84	0.83	1.23	1.16	1.39
Enterprise Value to EBITDA (EV/EBITDA)	8,784.48	28.03	0.00	0.00	0.00	15.04	34.67	27.99	22.46	16.31
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	68.01	0.00	0.00	92.09	28.12
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	90.44	0.00	0.00	153.49	39.82
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	129.35	0.00	0.00	0.00	12.54	69.53	23.58	13.87	28.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	24.12	0.00	0.00	0.00	58.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.99	0.56	1.15	0.23	0.23	0.23	0.24	0.24	0.00	0.00
Long-Term Debt to Equity	1.99	0.00	0.62	0.00	0.22	0.22	0.23	0.23	0.00	0.00
Financial Leverage	0.39	0.00	0.24	-0.06	-0.07	-0.08	-0.07	-0.12	-0.22	-0.26
Leverage Ratio	2.50	2.05	2.42	1.34	1.35	1.32	1.33	1.24	1.10	1.10
Compound Leverage Factor	3.40	4.48	3.90	0.49	1.39	1.08	1.50	3.88	1.13	1.11
Debt to Total Capital	66.60%	35.70%	53.56%	18.51%	18.71%	18.37%	19.19%	19.23%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	35.68%	24.78%	18.51%	0.88%	0.80%	0.82%	0.76%	0.00%	0.00%
Long-Term Debt to Total Capital	66.60%	0.02%	28.78%	0.00%	17.83%	17.57%	18.38%	18.47%	0.00%	0.00%
Preferred Equity to Total Capital	1.27%	2.68%	3.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	32.13%	61.62%	42.78%	81.49%	81.29%	81.63%	80.81%	80.77%	100.00%	100.00%
Debt to EBITDA	1,779.20	6.28	-5.41	-2.47	-10.31	2.89	7.50	4.15	0.00	0.00
Net Debt to EBITDA	778.97	-1.50	-1.15	0.92	1.27	-1.34	-1.82	-1.41	0.00	0.00
Long-Term Debt to EBITDA	1,779.20	0.00	-2.91	0.00	-9.82	2.76	7.18	3.98	0.00	0.00
Debt to NOPAT	-9.14	-6.00	-4.44	-2.15	-4.21	17.38	-9.46	-208.06	0.00	0.00
Net Debt to NOPAT	-4.00	1.43	-0.94	0.80	0.52	-8.05	2.30	70.76	0.00	0.00
Long-Term Debt to NOPAT	-9.14	0.00	-2.38	0.00	-4.01	16.62	-9.06	-199.80	0.00	0.00
Altman Z-Score	2.05	0.88	-1.40	4.91	3.48	4.76	4.55	5.09	11.57	16.81
Noncontrolling Interest Sharing Ratio	3.97%	5.45%	3.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.43	0.40	0.11	2.17	4.49	6.87	9.44	6.89	5.92	11.90
Quick Ratio	5.37	0.37	0.01	1.62	2.90	5.01	6.87	5.05	3.89	7.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-318	-67	0.00	-0.17	-0.84	0.64	-0.17	-1.14	-1.48	0.44
Operating Cash Flow to CapEx	-9.98%	5.67%	-71.19%	-303.02%	-103.08%	225.50%	103.66%	44.87%	51.14%	245.97%
Free Cash Flow to Firm to Interest Expense	-12.20	-1.93	0.00	-2.02	-9.28	7.03	-2.01	-19.54	0.00	0.00
Operating Cash Flow to Interest Expense	-0.94	0.12	-1.27	-4.61	-5.30	13.52	2.46	15.75	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-10.31	-2.04	-3.06	-6.13	-10.44	7.52	0.09	-19.35	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.20	0.05	0.83	1.03	1.06	0.98	1.05	1.18	1.29
Accounts Receivable Turnover	58.35	0.00	0.00	5.90	7.58	8.27	7.62	7.81	8.24	8.92
Inventory Turnover	0.00	0.00	0.00	4.98	5.78	5.79	5.65	5.52	4.81	4.55
Fixed Asset Turnover	0.45	0.35	0.11	1.76	2.20	2.22	2.00	2.08	2.63	3.35
Accounts Payable Turnover	3.17	1.48	0.66	15.60	17.35	24.67	21.88	19.70	28.85	26.09
Days Sales Outstanding (DSO)	6.25	0.00	0.00	61.87	48.17	44.14	47.91	46.76	44.28	40.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	73.28	63.12	63.06	64.55	66.12	75.93	80.29
Days Payable Outstanding (DPO)	115.29	247.42	555.14	23.40	21.04	14.79	16.68	18.53	12.65	13.99
Cash Conversion Cycle (CCC)	-109.03	-247.42	-555.14	111.76	90.25	92.41	95.78	94.35	107.57	107.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	458	193	146	11	12	12	12	12	11	9.64
Invested Capital Turnover	0.43	0.41	0.10	1.18	1.49	1.52	1.40	1.49	1.68	1.94
Increase / (Decrease) in Invested Capital	265	46	0.00	-1.08	0.17	-0.47	-0.16	1.12	1.61	0.21
Enterprise Value (EV)	2,407	551	123	19	10	15	14	22	20	26
Market Capitalization	2,184	572	85	20	11	17	15	23	23	29
Book Value per Share	$0.61	$0.90	$0.85	$5.99	$6.20	$6.61	$6.50	$6.67	$6.69	$6.61
Tangible Book Value per Share	$0.61	$0.90	$0.85	$5.87	$6.06	$6.42	$6.33	$6.50	$6.52	$6.43
Total Capital	732	346	254	15	15	16	16	17	13	13
Total Debt	488	124	136	2.69	2.82	2.95	3.08	3.20	0.00	0.00
Total Long-Term Debt	488	0.06	73	0.00	2.69	2.82	2.95	3.08	0.00	0.00
Net Debt	213	-30	29	-1.01	-0.35	-1.37	-0.75	-1.09	-2.25	-3.70
Capital Expenditures (CapEx)	245	75	48	0.13	0.46	0.54	0.20	2.04	2.87	0.37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-23	-57	3.20	3.72	3.47	3.70	3.56	3.34	4.41
Debt-free Net Working Capital (DFNWC)	230	31	-49	6.90	6.89	7.78	7.53	7.86	5.59	8.11
Net Working Capital (NWC)	230	-92	-112	4.21	6.76	7.65	7.40	7.73	5.59	8.11
Net Nonoperating Expense (NNE)	19	53	60	-0.81	0.14	0.03	-0.10	0.05	-0.00	-0.00
Net Nonoperating Obligations (NNO)	213	-30	29	-1.01	-0.35	-1.37	-0.75	-1.09	-2.25	-3.70
Total Depreciation and Amortization (D&A)	73	49	19	0.70	0.68	0.80	0.88	0.79	0.68	0.66
Debt-free, Cash-free Net Working Capital to Revenue	-31.76%	-33.29%	-381.56%	23.84%	21.13%	19.03%	21.47%	20.29%	19.01%	23.85%
Debt-free Net Working Capital to Revenue	163.93%	45.34%	-326.20%	51.34%	39.11%	42.74%	43.65%	44.73%	31.81%	43.88%
Net Working Capital to Revenue	163.93%	-133.00%	-744.20%	31.32%	38.36%	42.03%	42.89%	44.01%	31.81%	43.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.21)	($0.35)	($0.82)	($0.22)	($0.41)	$0.07	($0.11)	($0.03)	$0.07	$0.32
Adjusted Weighted Average Basic Shares Outstanding	351.32M	209.96M	110.64M	1.98M	1.98M	1.98M	2.01M	2.02M	2.02M	2.02M
Adjusted Diluted Earnings per Share	($0.21)	($0.35)	($0.82)	($0.22)	($0.41)	$0.07	($0.11)	($0.03)	$0.07	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	351.32M	209.96M	110.64M	1.98M	1.98M	1.98M	2.01M	2.02M	2.02M	2.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	383.14M	302.24M	186.27M	1.98M	1.98M	1.98M	1.98M	2.02M	2.02M	2.02M
Normalized Net Operating Profit after Tax (NOPAT)	-41	-18	-30	-1.25	-0.67	0.17	-0.33	-0.02	0.13	0.65
Normalized NOPAT Margin	-29.19%	-25.45%	-196.91%	-9.31%	-3.80%	0.93%	-1.89%	-0.09%	0.75%	3.49%
Pre Tax Income Margin	-70.25%	-92.45%	-468.82%	-4.83%	-5.59%	1.02%	-3.04%	-0.39%	1.28%	4.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.77	-0.84	-1.64	-20.63	-10.62	2.49	-5.59	-0.38	0.00	0.00
NOPAT to Interest Expense	-2.04	-0.59	-1.15	-14.44	-7.44	1.87	-3.91	-0.26	0.00	0.00
EBIT Less CapEx to Interest Expense	-12.14	-3.00	-3.43	-22.15	-15.76	-3.50	-7.97	-35.48	0.00	0.00
NOPAT Less CapEx to Interest Expense	-11.42	-2.75	-2.94	-15.96	-12.57	-4.12	-6.29	-35.36	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-163.24%	0.00%	0.00%	0.00%	-6.10%	0.00%	-132.86%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from TeraWulf's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	50.25%	42.75%	130.16%	267.93%	143.39%	390.55%	1,015.96%	5,214.75%	0.00%	-18.54%
EBITDA Growth	-457.48%	-84.27%	97.73%	191,872.73%	330.21%	155.05%	200.50%	100.16%	0.00%	-1,223.70%
EBIT Growth	-972.63%	-59.63%	-9.10%	80.31%	66.03%	27.99%	25.91%	-0.59%	0.00%	-1,518.01%
NOPAT Growth	-1,002.10%	-62.15%	-15.74%	74.88%	65.15%	27.55%	25.22%	-0.59%	0.00%	-1,518.01%
Net Income Growth	-177.40%	-19.03%	37.99%	63.39%	57.82%	43.81%	-28.32%	-44.40%	0.00%	-3,890.44%
EPS Growth	-350.00%	33.33%	62.50%	81.25%	88.89%	71.88%	42.86%	11.11%	0.00%	25.58%
Operating Cash Flow Growth	-492.14%	-979.94%	5,615.49%	362.21%	344.45%	139.15%	96.41%	42.87%	0.00%	-684.65%
Free Cash Flow Firm Growth	-505.12%	-660.17%	-196.05%	-157.56%	0.00%	90.83%	47.82%	52.82%	0.00%	-10,538.45%
Invested Capital Growth	137.30%	60.16%	98.66%	83.28%	31.72%	4.98%	45.95%	38.45%	0.00%	1,744.36%
Revenue Q/Q Growth	29.29%	-23.94%	-16.16%	82.23%	22.84%	22.64%	34.02%	20.55%	147.59%	178.99%
EBITDA Q/Q Growth	-4,394.89%	-93.17%	-47.13%	130.36%	88.93%	-14.06%	51,227.27%	100.28%	54.82%	-56.89%
EBIT Q/Q Growth	-217.35%	-143.30%	-247.91%	60.07%	52.77%	-66.29%	37.20%	31.12%	-0.10%	-71.11%
NOPAT Q/Q Growth	-227.31%	-132.24%	-192.10%	50.36%	51.84%	-65.77%	36.61%	31.12%	-0.10%	-71.11%
Net Income Q/Q Growth	-28.43%	-109.02%	-13.14%	8.67%	44.89%	-8.89%	33.20%	-5.23%	26.59%	-148.65%
EPS Q/Q Growth	-50.00%	-100.00%	0.00%	-50.00%	77.78%	-12.50%	50.00%	11.11%	43.75%	-128.57%
Operating Cash Flow Q/Q Growth	-104.18%	-227.74%	-28.30%	109.69%	358.16%	900.67%	96.59%	-95.49%	26.62%	26.67%
Free Cash Flow Firm Q/Q Growth	-168.39%	18.92%	-28.06%	-117.13%	-237.16%	68.42%	-11.42%	0.00%	100.00%	-79.61%
Invested Capital Q/Q Growth	70.09%	0.11%	14.89%	21.30%	14.80%	24.17%	6.00%	-12.83%	-8.50%	72.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.91%	45.82%	60.88%	66.05%	61.64%	56.38%	66.92%	56.63%	44.82%	-34.08%
EBITDA Margin	-93.67%	2.82%	31.38%	49.77%	39.37%	25.60%	36.53%	0.10%	-41.62%	-228.11%
Operating Margin	-146.99%	-58.06%	-19.02%	-5.46%	-20.04%	-51.12%	-37.82%	-79.95%	-139.94%	-346.12%
EBIT Margin	-139.44%	-56.81%	-17.76%	-4.28%	-19.53%	-50.80%	-37.47%	-79.95%	-139.94%	-346.12%
Profit (Net Income) Margin	-83.45%	-84.01%	-30.57%	-22.65%	-45.20%	-100.76%	-113.48%	-227.67%	-260.80%	-879.61%
Tax Burden Percent	56.37%	113.36%	93.41%	64.57%	76.13%	96.07%	123.17%	163.54%	106.49%	164.96%
Interest Burden Percent	106.18%	130.46%	184.28%	819.82%	303.98%	206.45%	245.92%	174.11%	175.01%	154.06%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-44.28%	-23.86%	-7.92%	-2.11%	-5.72%	-12.10%	-9.38%	-13.41%	-10.05%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-36.89%	2.43%	2.60%	25.98%	1,831.95%	-59.11%	55.07%	70.18%	-64.26%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-14.53%	-0.41%	-0.58%	-3.53%	-4.25%	-11.23%	-8.52%	-12.44%	-15.68%	0.00%
Return on Equity (ROE)	-58.81%	-24.27%	-8.50%	-5.65%	-9.98%	-23.34%	-17.90%	-25.85%	-25.74%	0.00%
Cash Return on Invested Capital (CROIC)	-97.80%	-55.68%	-74.18%	-67.51%	-39.51%	-21.13%	-63.04%	-60.13%	0.00%	-179.43%
Operating Return on Assets (OROA)	-33.51%	-20.32%	-5.48%	-1.20%	-3.89%	-9.07%	-4.89%	-7.15%	-7.22%	0.00%
Return on Assets (ROA)	-20.05%	-30.05%	-9.43%	-6.37%	-8.99%	-17.99%	-14.82%	-20.35%	-13.46%	0.00%
Return on Common Equity (ROCE)	-56.47%	-23.42%	-8.20%	-5.40%	-9.43%	-21.72%	-16.65%	-24.06%	-24.75%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-14.42%	-12.97%	-20.85%	0.00%	-57.07%	-76.20%	-67.57%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-36	-11	-4.74	-1.62	-3.27	-6.78	-4.09	-6.45	-9.37	-9.36
NOPAT Margin	-102.89%	-40.64%	-13.31%	-3.82%	-14.03%	-35.78%	-26.47%	-55.97%	-97.96%	-242.28%
Net Nonoperating Expense Percent (NNEP)	-7.40%	-26.29%	-10.52%	-28.09%	-1,837.67%	47.00%	-64.45%	-83.59%	54.21%	133.96%
Return On Investment Capital (ROIC_SIMPLE)	-4.92%	-	-	-	-0.94%	-	-	-	-3.70%	-
Cost of Revenue to Revenue	56.09%	54.18%	39.12%	33.95%	38.36%	43.62%	33.08%	43.37%	55.18%	134.08%
SG&A Expenses to Revenue	100.03%	48.28%	38.20%	39.08%	44.85%	60.71%	62.51%	89.27%	138.05%	236.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	190.90%	103.88%	79.89%	71.50%	81.68%	107.50%	104.74%	136.58%	184.76%	312.03%
Earnings before Interest and Taxes (EBIT)	-49	-15	-6.32	-1.82	-4.55	-9.63	-5.79	-9.22	-13	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-33	0.76	11	21	9.17	4.85	5.65	0.01	-3.98	-8.81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.29	4.93	3.93	3.02	2.68	1.93	2.96	1.27	0.79	1.20
Price to Tangible Book Value (P/TBV)	9.29	4.93	3.93	3.02	2.68	1.93	2.96	1.27	0.79	1.20
Price to Revenue (P/Rev)	15.60	13.95	12.33	7.94	8.26	5.02	9.18	6.63	5.68	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.26	6.30	5.11	3.27	2.86	1.80	2.81	1.29	0.84	1.14
Enterprise Value to Revenue (EV/Rev)	17.19	13.22	11.43	7.65	7.97	5.44	9.42	6.28	8.21	0.00
Enterprise Value to EBITDA (EV/EBITDA)	8,784.48	40.19	29.69	18.78	28.03	47.09	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	58.10	26.18	21.38	129.35	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.99	0.00	0.19	0.37	0.56	0.82	0.89	0.82	1.15	1.04
Long-Term Debt to Equity	1.99	0.00	0.00	0.00	0.00	0.31	0.61	0.78	0.62	0.67
Financial Leverage	0.39	-0.17	-0.22	-0.14	0.00	0.19	-0.15	-0.18	0.24	0.28
Leverage Ratio	2.50	1.36	1.50	1.70	2.05	2.25	2.29	2.21	2.42	2.44
Compound Leverage Factor	2.65	1.78	2.76	13.95	6.22	4.65	5.64	3.84	4.23	3.76
Debt to Total Capital	66.60%	0.00%	15.77%	26.74%	35.70%	45.07%	47.14%	45.14%	53.56%	50.98%
Short-Term Debt to Total Capital	0.00%	0.00%	15.77%	26.73%	35.68%	27.77%	14.83%	2.62%	24.78%	18.19%
Long-Term Debt to Total Capital	66.60%	0.00%	0.01%	0.01%	0.02%	17.30%	32.31%	42.52%	28.78%	32.79%
Preferred Equity to Total Capital	1.27%	2.49%	2.02%	2.49%	2.68%	3.31%	3.64%	3.48%	3.66%	3.94%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	32.13%	97.51%	82.20%	70.77%	61.62%	51.62%	49.22%	51.38%	42.78%	45.07%
Debt to EBITDA	1,779.20	0.00	1.56	2.44	6.28	19.69	-16.71	-6.54	-5.41	0.00
Net Debt to EBITDA	778.97	0.00	-2.53	-0.94	-1.50	2.21	-0.08	1.01	-1.15	0.00
Long-Term Debt to EBITDA	1,779.20	0.00	0.00	0.00	0.00	7.56	-11.46	-6.16	-2.91	0.00
Debt to NOPAT	-9.14	0.00	-4.41	-6.31	-6.00	-4.73	-4.11	-3.93	-4.44	0.00
Net Debt to NOPAT	-4.00	0.00	7.15	2.43	1.43	-0.53	-0.02	0.61	-0.94	0.00
Long-Term Debt to NOPAT	-9.14	0.00	0.00	0.00	0.00	-1.82	-2.81	-3.70	-2.38	0.00
Altman Z-Score	2.15	31.43	8.97	2.95	1.09	-0.35	0.08	-0.47	-1.08	-0.79
Noncontrolling Interest Sharing Ratio	3.97%	3.52%	3.56%	4.43%	5.45%	6.92%	6.98%	6.94%	3.85%	7.43%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.43	1.00	1.20	0.45	0.40	0.12	0.18	0.40	0.11	0.15
Quick Ratio	5.37	0.88	1.16	0.39	0.37	0.09	0.10	0.30	0.01	0.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-301	-112	-138	-108	-50	-15	-47	-42	0.00	-161
Operating Cash Flow to CapEx	-27.81%	-100.95%	35.15%	48.63%	32.26%	9.36%	-4.95%	-87.25%	-60.21%	-71.64%
Free Cash Flow to Firm to Interest Expense	-99.81	-23.95	-25.97	-8.26	-5.36	-1.44	-5.53	-6.13	0.00	-22.24
Operating Cash Flow to Interest Expense	-14.17	-4.47	3.08	1.75	1.17	0.23	-0.04	-1.27	-0.44	-0.84
Operating Cash Flow Less CapEx to Interest Expense	-65.13	-8.90	-5.67	-1.85	-2.47	-2.25	-0.75	-2.74	-1.18	-2.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.36	0.31	0.28	0.20	0.18	0.13	0.09	0.05	0.00
Accounts Receivable Turnover	58.35	36.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.45	0.55	0.55	0.50	0.35	0.29	0.26	0.19	0.11	0.00
Accounts Payable Turnover	3.17	2.56	3.15	1.95	1.48	1.14	1.18	0.93	0.66	0.00
Days Sales Outstanding (DSO)	6.25	10.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	115.29	142.80	115.74	187.29	247.42	320.93	309.78	390.82	555.14	0.00
Cash Conversion Cycle (CCC)	-109.03	-132.70	-115.74	-187.29	-247.42	-320.93	-309.78	-390.82	-555.14	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	458	269	269	234	193	168	135	128	146	160
Invested Capital Turnover	0.43	0.59	0.59	0.55	0.41	0.34	0.35	0.24	0.10	0.00
Increase / (Decrease) in Invested Capital	265	101	134	106	46	7.97	43	35	0.00	151
Enterprise Value (EV)	2,407	1,696	1,375	766	551	302	381	165	123	183
Market Capitalization	2,184	1,791	1,483	795	572	279	371	175	85	134
Book Value per Share	$0.61	$0.95	$1.13	$0.87	$0.90	$0.65	$0.59	$1.07	$0.85	$1.05
Tangible Book Value per Share	$0.61	$0.95	$1.13	$0.87	$0.90	$0.65	$0.59	$1.07	$0.85	$1.05
Total Capital	732	373	459	372	346	280	255	267	254	249
Total Debt	488	0.00	72	99	124	126	120	120	136	127
Total Long-Term Debt	488	0.00	0.04	0.05	0.06	48	82	113	73	82
Net Debt	213	-103	-117	-38	-30	14	0.54	-19	29	38
Capital Expenditures (CapEx)	154	21	47	47	34	25	6.00	9.99	7.40	8.48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-24	-13	-14	-23	-24	-38	-44	-57	-56
Debt-free Net Working Capital (DFNWC)	230	0.00	91	32	31	-18	-29	-27	-49	-44
Net Working Capital (NWC)	230	0.00	19	-68	-92	-95	-67	-34	-112	-89
Net Nonoperating Expense (NNE)	-6.80	12	6.14	7.99	7.26	12	13	20	16	25
Net Nonoperating Obligations (NNO)	213	-103	-117	-38	-30	14	0.54	-19	29	38
Total Depreciation and Amortization (D&A)	16	16	17	23	14	14	11	9.23	9.41	4.56
Debt-free, Cash-free Net Working Capital to Revenue	-31.76%	-18.65%	-11.03%	-14.20%	-33.29%	-43.72%	-93.35%	-166.56%	-381.56%	0.00%
Debt-free Net Working Capital to Revenue	163.93%	0.00%	75.55%	31.56%	45.34%	-31.84%	-72.96%	-102.09%	-326.20%	0.00%
Net Working Capital to Revenue	163.93%	0.00%	15.42%	-67.67%	-133.00%	-172.04%	-166.56%	-128.66%	-744.20%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.09)	($0.06)	($0.03)	($0.03)	($0.02)	$0.00	($0.08)	($0.16)	($0.18)	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	351.32M	382.09M	340.66M	290.60M	209.96M	0.00	210.42M	165.02M	110.64M	108.84M
Adjusted Diluted Earnings per Share	($0.09)	($0.06)	($0.03)	($0.03)	($0.02)	$0.00	($0.08)	($0.16)	($0.18)	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	351.32M	382.09M	340.66M	290.60M	209.96M	0.00	210.42M	165.02M	110.64M	108.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	383.14M	385.91M	382.60M	333.18M	302.24M	0.00	221.13M	212.03M	186.27M	128.37M
Normalized Net Operating Profit after Tax (NOPAT)	-36	-11	-4.74	-1.62	-2.70	-5.84	-3.61	-6.44	-8.74	-9.37
Normalized NOPAT Margin	-102.89%	-39.73%	-13.31%	-3.82%	-11.59%	-30.83%	-23.38%	-55.82%	-91.36%	-242.43%
Pre Tax Income Margin	-148.06%	-74.11%	-32.73%	-35.09%	-59.37%	-104.89%	-92.14%	-139.21%	-244.90%	-533.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-16.18	-3.28	-1.19	-0.14	-0.49	-0.94	-0.69	-1.35	-1.33	-1.85
NOPAT to Interest Expense	-11.94	-2.35	-0.89	-0.12	-0.35	-0.66	-0.48	-0.94	-0.93	-1.29
EBIT Less CapEx to Interest Expense	-67.14	-7.71	-9.94	-3.73	-4.13	-3.42	-1.40	-2.81	-2.07	-3.02
NOPAT Less CapEx to Interest Expense	-62.90	-6.78	-9.64	-3.72	-3.99	-3.14	-1.19	-2.41	-1.67	-2.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-163.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About TeraWulf's Financials

When does TeraWulf's financial year end?

According to the most recent income statement we have on file, TeraWulf's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TeraWulf's net income changed over the last 9 years?

TeraWulf's net income appears to be on an upward trend, with a most recent value of -$72.42 million in 2024, falling from $648.77 thousand in 2014. The previous period was -$73.42 million in 2023. Find out what analysts predict for TeraWulf in the coming months.

What is TeraWulf's operating income?

TeraWulf's total operating income in 2024 was -$76.22 million, based on the following breakdown:

Total Gross Profit: $77.44 million
Total Operating Expenses: $153.66 million

How has TeraWulf revenue changed over the last 9 years?

Over the last 9 years, TeraWulf's total revenue changed from $18.49 million in 2014 to $140.05 million in 2024, a change of 657.4%.

How much debt does TeraWulf have?

TeraWulf's total liabilities were at $543.07 million at the end of 2024, a 249.0% increase from 2023, and a 42,014.6% increase since 2014.

How much cash does TeraWulf have?

In the past 10 years, TeraWulf's cash and equivalents has ranged from $929.70 thousand in 2017 to $274.07 million in 2024, and is currently $274.07 million as of their latest financial filing in 2024.

How has TeraWulf's book value per share changed over the last 9 years?

Over the last 9 years, TeraWulf's book value per share changed from 6.61 in 2014 to 0.61 in 2024, a change of -90.8%.

Related Companies

This page (NASDAQ:WULF) was last updated on 5/31/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

TeraWulf (WULF) Financials

Frequently Asked Questions About TeraWulf's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

TeraWulf (WULF) Financials

Annual Income Statements for TeraWulf

Quarterly Income Statements for TeraWulf

Annual Cash Flow Statements for TeraWulf

Quarterly Cash Flow Statements for TeraWulf

Annual Balance Sheets for TeraWulf

Quarterly Balance Sheets for TeraWulf

Annual Metrics And Ratios for TeraWulf

Quarterly Metrics And Ratios for TeraWulf

Frequently Asked Questions About TeraWulf's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools