TeraWulf (WULF) Financials

$3.05 -0.07 (-2.37%)

As of 12:32 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	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.65	0.14	-0.07	-0.23	0.14	-0.81	-0.44	-91	-73	-72
Consolidated Net Income / (Loss)	0.65	0.14	-0.07	-0.23	0.14	-0.81	-0.44	-91	-73	-72
Net Income / (Loss) Continuing Operations	0.65	0.14	-0.07	-0.23	0.14	-0.81	-0.44	-86	-73	-72
Total Pre-Tax Income	0.92	0.23	-0.07	-0.52	0.19	-0.99	-0.65	-70	-64	-98
Total Operating Income	0.91	0.22	-0.02	-0.46	0.23	-0.96	-1.79	-44	-29	-76
Total Gross Profit	6.70	6.14	6.24	5.73	6.25	5.40	3.91	3.95	42	77
Total Revenue	18	18	18	17	18	18	13	15	69	140
Operating Revenue	18	18	18	17	18	18	13	15	69	140
Total Cost of Revenue	12	11	11	12	12	12	9.53	11	27	63
Operating Cost of Revenue	12	11	11	12	12	12	9.53	11	27	63
Total Operating Expenses	5.79	5.92	6.26	6.20	6.03	6.35	5.69	48	71	154
Selling, General & Admin Expense	5.12	5.26	5.61	5.51	5.35	5.48	5.02	39	42	78
Depreciation Expense	-	-	-	-	-	-	-	6.67	28	60
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.24	-3.17	-2.20
Impairment Charge	-	-	-	-	-	-	-	1.46	3.04	0.00
Other Special Charges / (Income)	-	-	-	-	-	-	-	0.00	1.21	18
Total Other Income / (Expense), net	0.01	0.00	-0.05	-0.06	-0.04	-0.03	1.14	-27	-35	-22
Interest Expense	-	-	0.06	0.08	0.09	0.09	0.09	27	35	26
Other Income / (Expense), net	-	-	-	-	-	-	-	0.00	0.23	3.93
Income Tax Expense	0.27	0.09	-0.00	-0.30	0.05	-0.17	-0.21	-0.26	0.00	0.00
Other Gains / (Losses), net	-	-	-	-	-	-	-	-16	-9.29	26
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-4.86	-0.13	0.00
Basic Earnings per Share	$0.32	$0.07	($0.03)	($0.11)	$0.07	($0.41)	($0.22)	($0.82)	($0.35)	($0.21)
Weighted Average Basic Shares Outstanding	2.02M	2.02M	2.02M	2.01M	1.98M	1.98M	1.98M	110.64M	209.96M	351.32M
Diluted Earnings per Share	$0.32	$0.07	($0.03)	($0.11)	$0.07	($0.41)	($0.22)	($0.82)	($0.35)	($0.21)
Weighted Average Diluted Shares Outstanding	2.02M	2.02M	2.02M	2.01M	1.98M	1.98M	1.98M	110.64M	209.96M	351.32M
Weighted Average Basic & Diluted Shares Outstanding	2.02M	2.02M	2.02M	1.98M	1.98M	1.98M	1.98M	186.27M	302.24M	383.14M
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-34	-24	-27	-18	-19	-9.73	-9.90	-11	-23	-28
Consolidated Net Income / (Loss)	-34	-25	-26	-18	-19	-11	-9.61	-11	-23	-29
Net Income / (Loss) Continuing Operations	-33	-25	-26	-18	-19	-11	-9.61	-11	-23	-29
Total Pre-Tax Income	-21	-23	-16	-14	-20	-14	-15	-12	-20	-52
Total Operating Income	-13	-13	-9.22	-5.85	-9.69	-4.67	-2.32	-6.77	-16	-51
Total Gross Profit	-1.32	4.29	6.53	10	11	14	28	22	12	15
Total Revenue	3.86	9.57	12	15	19	23	42	36	27	35
Operating Revenue	3.86	9.57	12	15	19	23	42	36	27	35
Total Cost of Revenue	5.18	5.28	5.00	5.11	8.27	8.93	14	14	15	20
Operating Cost of Revenue	5.18	5.28	5.00	5.11	8.27	8.93	14	14	15	20
Total Operating Expenses	12	18	16	16	20	19	30	28	28	67
Selling, General & Admin Expense	9.14	13	10	9.66	12	10	17	14	13	35
Depreciation Expense	1.52	4.95	5.43	6.43	8.22	8.27	15	14	16	15
Other Operating Expenses / (Income)	1.41	-1.38	0.00	-0.58	-0.70	-1.89	-1.33	0.70	-0.95	-0.62
Total Other Income / (Expense), net	-7.23	-10	-6.83	-8.40	-10	-9.16	-13	-4.88	-4.34	-0.37
Interest Expense	7.23	10	6.83	8.45	10	9.28	13	5.33	4.68	3.02
Other Income / (Expense), net	0.00	-	0.00	0.05	0.06	0.12	0.50	0.45	0.34	2.64
Other Gains / (Losses), net	-13	-1.10	-10	-3.30	0.85	3.32	5.28	0.77	-2.68	23
Basic Earnings per Share	($0.32)	($0.18)	($0.16)	($0.08)	($0.09)	($0.02)	($0.03)	($0.03)	($0.06)	($0.09)
Weighted Average Basic Shares Outstanding	108.84M	110.64M	165.02M	210.42M	221.72M	209.96M	290.60M	340.66M	382.09M	351.32M
Diluted Earnings per Share	($0.32)	($0.18)	($0.16)	($0.08)	($0.09)	($0.02)	($0.03)	($0.03)	($0.06)	($0.09)
Weighted Average Diluted Shares Outstanding	108.84M	110.64M	165.02M	210.42M	221.72M	209.96M	290.60M	340.66M	382.09M	351.32M
Weighted Average Basic & Diluted Shares Outstanding	128.37M	186.27M	212.03M	221.13M	238.20M	302.24M	333.18M	382.60M	385.91M	383.14M

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

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

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

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

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

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

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

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

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. See where experts think TeraWulf is headed by visiting TeraWulf's forecast page.

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%.

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This page (NASDAQ:WULF) was last updated on 5/7/2025 by MarketBeat.com Staff

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TeraWulf (WULF) Financials

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TeraWulf (WULF) Financials

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