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Terawulf Inc. income statement

In fiscal 2025, Terawulf Inc. reported revenue of $168m, up 20.3% on the year before, operating income of −$186m (a -110.5% margin) and net income of −$661m, or −$1.66 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue17171717181818171818131569140168165
Cost of revenue———————121212101127638351
Gross profit77777666654437706666
Research and development11111111111—————
Selling, general and administrative5555556655523————
Operating income211110−0−00−1−2−44−29−76−186−414
Interest expense——————0000025352080196
Income before tax211110−0−10−1−1−86−73−72−661−1,927
Income tax000000−0−00−0−0−00000
Net income111110−0−00−1−0−91−73−72−661−1,949
Diluted EPS$0.28$0.17$0.17$0.17$0.16$0.04−$0.01−$0.06$0.04−$0.20−$0.11−$0.41−$0.35−$0.21−$1.66−$4.51
Diluted shares (average)4m4m4m4m4m4m4m4m4m4m4m221m210m351m398m432m
EBITDA212121101−0−1−37−1−16−98−310

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Terawulf Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Terawulf Inc.