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TERAWULF INC.

EDGAR

IKNX Current report (8-K) · filed 2026-10-23

Annual consolidated revenue for 2025: about USD 168.5M, using the latest reported figures. The previous period, 2024, was about USD 140.1M.

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Watchlist

Latest quarter

Revenue

44.8 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 44767000 USD Source

Operating margin

-313.74%

2026 Q2 · %

Exact inputs and evidence

Operating Income: -140450000 USD Source
Revenue: 44767000 USD Source

Operating cash flow

-137 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -154300000 USD Source
Operating Cash Flow: -17591000 USD Source

Free cash flow

-992 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -154300000 USD Source
Operating Cash Flow: -17591000 USD Source
Capital Expenditure: 1378514000 USD Source
Capital Expenditure: 522954000 USD Source

Cash and cash equivalents: 2.62 billion USD 2026-06-30 Source
Exact value

2619191000 USD
Long-term debt including current maturities: 3.1 billion USD 2026-03-31 Source
Exact value

3103758000 USD
Shares outstanding: 499 million shares 2026-06-30 Source
Exact value

498932431 shares

Reported share-count change

20.34% · 84.3 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

414599543 shares · 2025-06-30· Source
498932431 shares · 2026-06-30· Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-23.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 3 of 11 periods available· newest 2025-12-31
Operating income: 4 of 11 periods available· newest 2025-12-31
Net income: 4 of 11 periods available· newest 2025-12-31
Operating cash flow: 4 of 11 periods available· newest 2025-12-31
Capital expenditure: 4 of 11 periods available· newest 2025-12-31
Total assets: 4 of 11 periods available· newest 2025-12-31
Total liabilities: 3 of 11 periods available· newest 2025-12-31
Current assets: 4 of 11 periods available· newest 2025-12-31
Current liabilities: 4 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 3 of 11 periods available· newest 2025-12-31
Shares outstanding: 4 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+20.3%

Prior period

USD 140.05 million

2024-01-01 – 2024-12-31
Current period

USD 168.46 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

168455000 − 140051000 = 28404000 USD

140051000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
168455000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Year-over-year change in Revenue: 28404000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 168455000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#771764 Filing: 000108330126000031 Input fundies:Revenue: 140051000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#772377 Filing: 000108330126000031
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Net income
−USD 589 million

Prior period

−USD 72.42 million

2024-01-01 – 2024-12-31
Current period

−USD 661.42 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-661416000 − -72418000 = -588998000 USD

-72418000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-661416000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Year-over-year change in Net income: -588998000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -661416000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#986647 Filing: 000108330126000031 Input fundies:NetIncome: -72418000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#935379 Filing: 000108330126000031
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Operating cash flow
−USD 98.76 million

Prior period

−USD 24.42 million

2024-01-01 – 2024-12-31
Current period

−USD 123.18 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-123180000 − -24422000 = -98758000 USD

-24422000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-123180000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Year-over-year change in Operating cash flow: -98758000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -123180000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1072008 Filing: 000108330126000031 Input fundies:OperatingCashFlow: -24422000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1072718 Filing: 000108330126000031
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+295.7%

Prior period

USD 267.94 million

2024-01-01 – 2024-12-31
Current period

USD 1.06 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1060189000 − 267940000 = 792249000 USD

267940000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1060189000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Year-over-year change in Capital expenditure: 792249000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 1060189000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1079438 Filing: 000108330126000031 Input fundies:CapitalExpenditure: 267940000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1080031 Filing: 000108330126000031
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 168.46 million 100% of revenue
Operating costs Derived USD 354.67 million 211% of revenue
Operating income −USD 186.21 million −111% of revenue
Tax, interest and other Derived USD 475.2 million 282% of revenue
Net income −USD 661.42 million −393% of revenue

Cash

Operating cash flow −USD 123.18 million −73% of revenue
Capital expenditure USD 1.06 billion 629% of revenue
Free cash flow Derived −USD 1.18 billion −702% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2023 Operating loss: operating costs were 142% of revenue.
2024 Operating loss: operating costs were 154% of revenue.
2025 Operating loss: operating costs were 211% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2023 2023-01-01 – 2023-12-31	69229000	98650000 Derived	-29421000	44000000 Derived	-73421000	-70905000 Derived	Source 2023-01-01 – 2023-12-31: 69229000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -29421000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -73421000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 4263000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 75168000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	140051000	216267000 Derived	-76216000	-3798000 Derived	-72418000	-292362000 Derived	Source 2024-01-01 – 2024-12-31: 140051000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -76216000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -72418000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: -24422000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 267940000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	168455000	354668000 Derived	-186213000	475203000 Derived	-661416000	-1183369000 Derived	Source 2025-01-01 – 2025-12-31: 168455000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -186213000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -661416000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -123180000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 1060189000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 168.5M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20232023-12-31	Revenue	69229000	Revenue: 69229000 Open source
20242024-12-31	Revenue	140051000	Revenue: 140051000 Open source
20252025-12-31	Revenue	168455000	Revenue: 168455000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

20.3% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20232023-12-31	Year over year	No prior comparable period	Revenue: 69229000 Open source
20242024-12-31	Year over year	102.3%	Revenue: 140051000 Open source Revenue: 69229000 Open source
20252025-12-31	Year over year	20.3%	Revenue: 168455000 Open source Revenue: 140051000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -110.5% 2025

Net margin -392.6% 2025

Free cash flow margin -702.5% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20232023-12-31	Operating margin	-42.5%	Operating Income: -29421000 Open source Revenue: 69229000 Open source
20242024-12-31	Operating margin	-54.4%	Operating Income: -76216000 Open source Revenue: 140051000 Open source
20252025-12-31	Operating margin	-110.5%	Operating Income: -186213000 Open source Revenue: 168455000 Open source
20232023-12-31	Net margin	-106.1%	Net Income: -73421000 Open source Revenue: 69229000 Open source
20242024-12-31	Net margin	-51.7%	Net Income: -72418000 Open source Revenue: 140051000 Open source
20252025-12-31	Net margin	-392.6%	Net Income: -661416000 Open source Revenue: 168455000 Open source
20232023-12-31	Free cash flow margin	-102.4%	Revenue: 69229000 Open source Operating Cash Flow: 4263000 Open source Capital Expenditure: 75168000 Open source
20242024-12-31	Free cash flow margin	-208.8%	Revenue: 140051000 Open source Operating Cash Flow: -24422000 Open source Capital Expenditure: 267940000 Open source
20252025-12-31	Free cash flow margin	-702.5%	Revenue: 168455000 Open source Operating Cash Flow: -123180000 Open source Capital Expenditure: 1060189000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -123.2M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20232023-12-31	Operating cash flow	4263000	Operating Cash Flow: 4263000 Open source
20242024-12-31	Operating cash flow	-24422000	Operating Cash Flow: -24422000 Open source
20252025-12-31	Operating cash flow	-123180000	Operating Cash Flow: -123180000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -1.2B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20232023-12-31	Free cash flow	-70905000	Operating Cash Flow: 4263000 Open source Capital Expenditure: 75168000 Open source
20242024-12-31	Free cash flow	-292362000	Operating Cash Flow: -24422000 Open source Capital Expenditure: 267940000 Open source
20252025-12-31	Free cash flow	-1183369000	Operating Cash Flow: -123180000 Open source Capital Expenditure: 1060189000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

97.9% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20232023-12-31	Liabilities / assets	41.2%	Total Liabilities: 155617000 Open source Total Assets: 378106000 Open source
20242024-12-31	Liabilities / assets	69%	Total Liabilities: 543066000 Open source Total Assets: 787511000 Open source
20252025-12-31	Liabilities / assets	97.9%	Total Liabilities: 6417737000 Open source Total Assets: 6558182000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

2× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20232023-12-31	Current assets / current liabilities	0.4×	Current Assets: 62587000 Open source Current Liabilities: 154662000 Open source
20242024-12-31	Current assets / current liabilities	5.43×	Current Assets: 281431000 Open source Current Liabilities: 51845000 Open source
20252025-12-31	Current assets / current liabilities	2×	Current Assets: 3478273000 Open source Current Liabilities: 1735848000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2022 2022-01-01 – 2022-12-31	−USD 90.79 million Exact value Exact value: -90791000 USD 2022-01-01 – 2022-12-31: -90791000 USD Inspect Net Income Open source Share or cite Citation for Net Income · TERAWULF INC. · 2022-12-31 TERAWULF INC. (edgar:1083301) Net Income: -90791000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -90791000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000018/wulf-20241231.htm#835779 Filing: 000108330125000018 The citation records this snapshot. The page link may show a newer release later.	−USD 34.07 million Exact value Exact value: -34066000 USD 2022-01-01 – 2022-12-31: -34066000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · TERAWULF INC. · 2022-12-31 TERAWULF INC. (edgar:1083301) Operating Cash Flow: -34066000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -34066000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000018/wulf-20241231.htm#1007139 Filing: 000108330125000018 The citation records this snapshot. The page link may show a newer release later.	USD 61.12 million Exact value Exact value: 61116000 USD 2022-01-01 – 2022-12-31: 61116000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · TERAWULF INC. · 2022-12-31 TERAWULF INC. (edgar:1083301) Capital Expenditure: 61116000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 61116000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000018/wulf-20241231.htm#1018751 Filing: 000108330125000018 The citation records this snapshot. The page link may show a newer release later.	−USD 95.18 million Calculation and evidence -34066000 − 61116000 USD Exact free cash flow: -95182000 USD 2022-01-01 – 2022-12-31: -34066000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 61116000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · TERAWULF INC. · 2022-12-31 TERAWULF INC. (edgar:1083301) Free cash flow: -95182000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -34066000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000018/wulf-20241231.htm#1007139 Filing: 000108330125000018 Input fundies:CapitalExpenditure: 61116000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000018/wulf-20241231.htm#1018751 Filing: 000108330125000018 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 73.42 million Exact value Exact value: -73421000 USD 2023-01-01 – 2023-12-31: -73421000 USD Inspect Net Income Open source Share or cite Citation for Net Income · TERAWULF INC. · 2023-12-31 TERAWULF INC. (edgar:1083301) Net Income: -73421000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -73421000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#890194 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	USD 4.26 million Exact value Exact value: 4263000 USD 2023-01-01 – 2023-12-31: 4263000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · TERAWULF INC. · 2023-12-31 TERAWULF INC. (edgar:1083301) Operating Cash Flow: 4263000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 4263000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1073426 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	USD 75.17 million Exact value Exact value: 75168000 USD 2023-01-01 – 2023-12-31: 75168000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · TERAWULF INC. · 2023-12-31 TERAWULF INC. (edgar:1083301) Capital Expenditure: 75168000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 75168000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1080622 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	−USD 70.91 million Calculation and evidence 4263000 − 75168000 USD Exact free cash flow: -70905000 USD 2023-01-01 – 2023-12-31: 4263000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 75168000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · TERAWULF INC. · 2023-12-31 TERAWULF INC. (edgar:1083301) Free cash flow: -70905000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 4263000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1073426 Filing: 000108330126000031 Input fundies:CapitalExpenditure: 75168000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1080622 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 72.42 million Exact value Exact value: -72418000 USD 2024-01-01 – 2024-12-31: -72418000 USD Inspect Net Income Open source Share or cite Citation for Net Income · TERAWULF INC. · 2024-12-31 TERAWULF INC. (edgar:1083301) Net Income: -72418000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -72418000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#935379 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	−USD 24.42 million Exact value Exact value: -24422000 USD 2024-01-01 – 2024-12-31: -24422000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · TERAWULF INC. · 2024-12-31 TERAWULF INC. (edgar:1083301) Operating Cash Flow: -24422000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -24422000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1072718 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	USD 267.94 million Exact value Exact value: 267940000 USD 2024-01-01 – 2024-12-31: 267940000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · TERAWULF INC. · 2024-12-31 TERAWULF INC. (edgar:1083301) Capital Expenditure: 267940000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 267940000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1080031 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	−USD 292.36 million Calculation and evidence -24422000 − 267940000 USD Exact free cash flow: -292362000 USD 2024-01-01 – 2024-12-31: -24422000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 267940000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · TERAWULF INC. · 2024-12-31 TERAWULF INC. (edgar:1083301) Free cash flow: -292362000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -24422000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1072718 Filing: 000108330126000031 Input fundies:CapitalExpenditure: 267940000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1080031 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	−USD 661.42 million Exact value Exact value: -661416000 USD 2025-01-01 – 2025-12-31: -661416000 USD Inspect Net Income Open source Share or cite Citation for Net Income · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Net Income: -661416000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: -661416000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#986647 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	−USD 123.18 million Exact value Exact value: -123180000 USD 2025-01-01 – 2025-12-31: -123180000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Operating Cash Flow: -123180000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -123180000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1072008 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	USD 1.06 billion Exact value Exact value: 1060189000 USD 2025-01-01 – 2025-12-31: 1060189000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Capital Expenditure: 1060189000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1060189000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1079438 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.	−USD 1.18 billion Calculation and evidence -123180000 − 1060189000 USD Exact free cash flow: -1183369000 USD 2025-01-01 – 2025-12-31: -123180000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 1060189000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · TERAWULF INC. · 2025-12-31 TERAWULF INC. (edgar:1083301) Free cash flow: -1183369000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T16:29:59Z Snapshot: 4493d31d99caba166f81eca0ad73ed6935d6f632a4b2fa15d89c59991decf7de Dimensions: Consolidated View: https://fundies.io/companies/edgar/1083301?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -123180000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1072008 Filing: 000108330126000031 Input fundies:CapitalExpenditure: 1060189000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm#1079438 Filing: 000108330126000031 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

124 filings · 6,669 latest values · 6,662 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001083301, 1083301, IKNX, WULF, edgar:1083301, iknx

Also known as CHROMALINE CORP, IKONICS CORP, TERAWULF INC.

TERAWULF INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation